Across Protocol founders are accused of manipulating DAO governance to funnel $23 million in tokens to their affiliated for-profit company, Risk Labs.

Across Protocol DAO under fire over $23M fund misuse claims

The Bitcoin Dominance (BTC.D) continues to exert pressure on the broader 
crypto market, casting a shadow on the prospects of an incoming altcoin 
season. Despite recent volatility and decline in the market, a crypto analyst 
observes that Bitcoin Dominance remains firmly elevated, signaling that 
capital is still concentrated in the leading cryptocurrency. This trend, they 
argue, is preventing any meaningful breakout for altcoins and could persist 
unless a decisive shift in market structure occurs. Altcoin Season Stifled As 
Bitcoin Dominance Surges The Bitcoin Dominance in the cryptocurrency market is 
tightening its grip, crushing hopes of an imminent altcoin season. According 
to a recent technical analysis posted on X (formerly Twitter) by market expert 
Tony Severino, Bitcoin’s market cap dominance has reached 65.72% with both 
monthly and Relative Strength Index (RSI) readings pushing above the critical 
70 level. Related Reading: Bitcoin Dominance Hits New Cycle High Above 66% – 
How This 4-Year ATH Affects Altcoin Season At the time of the analysis, the 
RSI on the monthly timeline stood at 73.19, while the weekly registered at 
70.58—both firmly in overbought territory. These levels typically reflect 
strong momentum and extended bullish conditions, indicating that Bitcoin’s 
command over the crypto market is still strong and growing. Severino shared a 
dual chart view of Bitcoin Dominance and RSI across the weekly and monthly 
time frames, highlighting candlestick structures that support Bitcoin’s 
ongoing upward momentum. BTC.D has been climbing since late 2023. The RSI 
values also remain comfortably above their respective Moving Average (MA) 
baselines of 67.31 and 65.42, indicating sustained strength rather than signs 
of immediate exhaustion. As long as Bitcoin Dominance holds these elevated RSI 
levels across their major time frames, Severino suggests that altcoins will 
likely continue to underperform, further delaying the long-awaited altcoin 
season. The analyst emphasizes that meaningful upside for altcoins will not 
begin until BTC.D starts to wane and RSI readings fall below 70—effectively 
signaling a shift in sentiment and market strength that could allow capital to 
rotate to alternative cryptocurrencies. Until such a pullback occurs, the 
analyst argues that the weekly and monthly BTC.D and RSI charts strongly 
indicate that any expectations of an altcoin season this cycle remain 
premature. Dragonfly Doji Forms On BTC.D Chart In another X post, Severino 
announced that the Bitcoin Dominance has potentially formed a Dragonfly Doji 
on the weekly chart. With four days left in the weekly session, the analyst 
notes that the distinct candle pattern is still developing but presently 
resembles the classic Dragonfly Doji, characterized by a long lower wick and a 
close near the opening price. Related Reading: Rising Bitcoin Dominance Above 
64% Dashes Hopes Of Altcoin Season, Here’s Why Typically, this chart pattern 
is viewed as a bullish reversal signal when it appears at the bottom of a 
downtrend, indicating possible upside momentum. However, in this case, it has 
emerged during a broader uptrend in BTC.D, creating a more complicated 
technical picture. Severino believes that the Dragonfly Doji could either 
represent a continuation of the current momentum or a temporary pause in 
market direction. If the candle evolves into a larger bullish body and closes 
above the 65.65% level, it may confirm further strengthening of Bitcoin’s 
growing market dominance relative to altcoins. Featured image from Pixabay, 
chart from Tradingview.com

Bitcoin Dominance Holds Altcoin Season At Bay, Analyst Says No Upside Until This Happens

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What began as a protocol with Trump-era branding is now neck-deep in 
institutional-grade DeFi. The WLFI–Re7 Labs partnership on BNB Chain seeks to 
build the plumbing for tomorrow’s stablecoin economy. According to a press 
release shared with crypto.news on June…

World Liberty Financial scales USD1 adoption on BNB in Re7 Labs tie-up

The index tracking the stock performance of the top 500 public companies in 
the U.S. soared past its previous record set earlier this year. S&amp;P 500 Breaks 
New Record as Bitcoin Struggles for Momentum The S&amp;P 500 reached a new all- 
time high on Friday morning, climbing all the way to 6,178, way past its 
previous […]

Bitcoin Remains Flat as S&P 500 Hits New All-Time High

Bitcoin held steady Friday as traders braced for a potential shake-up at the 
Federal Reserve. United States President Donald Trump is reportedly preparing 
to replace Fed Chair Jerome Powell, a move that could shift the central bank’s 
approach to interest rates and market liquidity. The Dow Jones climbed more 
than 300 points midweek, and the ripple reached the crypto market too—Bitcoin 
nudged higher to around 106,950 before easing slightly. Related Reading: 
Double Win: Dogwifhat Jumps 24% Alongside Bitcoin’s $107K Push Markets are 
reading this as a signal. If Powell is pushed out in favor of someone more 
open to cutting rates, risk assets like Bitcoin and Ethereum could benefit. 
The US dollar slipped to a three-year low, and bond yields retreated, adding 
to the sense that easier money may be coming. For crypto investors, this is a 
setup worth watching. The #USD fell to a three-year low on intensifying 
speculation that President Trump could soon nominate a new Fed Chair to 
replace Powell after his term ends next May, a development that could render 
him a lame duck writes @johnjhardy in today&#8217;s #forex update.… — Ole S Hansen 
(@Ole_S_Hansen) June 26, 2025 Trump Moves Toward Possible Fed Overhaul Reports 
from multiple outlets say Trump is seriously considering replacing Powell 
before his term ends in 2026. Though no official announcement has been made, 
sources suggest Trump has discussed potential successors with advisors. His 
criticism of Powell’s policies isn’t new, but the recent rise in inflation 
concerns and election-year pressure may be accelerating the timeline. The 
market response was immediate. Traders began to price in a more dovish Fed 
policy, which generally means lower interest rates and increased liquidity. 
That would be good news for crypto, which has languished under tighter 
monetary conditions throughout the last year. Bitcoin, which is often used as 
a hedge against fiat debasement, likes to rally when the dollar declines and 
rates come down. Bitcoin Price Reacts With Caution Bitcoin was trading at 
106,950 Friday, with a daily high of 107,250 and a low of 106,145. It wasn’t a 
breakout, but it was a clear sign of rising interest. Ethereum and other top 
coins saw similar quiet moves upward. Traders are treading carefully, knowing 
that talk of replacing the Fed chair is one thing, but actually doing it is 
another. Stocks Lead The Way, Crypto Follows The bullish mood started with 
equities. The Dow surged more than 300 points, while the S&amp;P 500 and Nasdaq 
also closed higher. Tech stocks led the rally, pushed by falling Treasury 
yields and hopes that rate hikes are off the table for now. That optimism 
spilled into crypto markets, where risk sentiment plays a big role. Related 
Reading: TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash 
Fears Crypto Market Eyes Washington There’s still a lot of uncertainty. Powell 
is in office, and no formal replacement has been named. But the fact that 
President Trump is entertaining the idea is already moving markets. Crypto 
investors are especially sensitive to changes in the macro outlook, and this 
could be a key one. Featured image from Saul Loeb/AFP/Getty Images, chart from 
TradingView