Kategorie: Crypto News

Key takeaways

• HYPE is up 48% in the last 30 days, overtaking several cryptocurrencies to grab the 11th spot in the market.
• The coin risks turning the $40 support into a resistance following its recent all-time high achievement.

HYPE down 12% from all-time high

HYPE, the native coin of the Hyperliquid ecosystem, has been one of the top performers in recent weeks. The coin, which launched seven months ago, has added over 1,000% to its value since then and is now the 11th-largest cryptocurrency by market cap.

It surged by 48% over the last 30 days to reach an all-time high price of $45 yesterday. However, it has lost roughly 12% of its value since then and has dropped below the $40 support level, with the bears still in control.

Profit-taking and the Middle East crisis are the major catalysts behind HYPE’s dip

With HYPE losing over 12% of its value in the last 24 hours, analysts are predicting further downward movement in the near term. The primary catalysts behind HYPE’s bearish performance are the ongoing conflict in the Middle East and potential profit-taking.

As stated above, HYPE reached an all-time high price of $45 on Monday, up 48% over the last 30 days. This has seen some investors take profit after an extended period of rally.

According to data obtained from CoinGlass, HYPE’s Open Interest (OI), which represents the number of active futures and options contracts yet to be settled or closed, has declined by nearly 8% to $1.91 billion over the past 24 hours.

A decrease in OI signals declining interest in HYPE and the lack of trader conviction in the price discovery phase. 

In addition to the profit-taking, the ongoing crisis in the Middle East is affecting Bitcoin, Hyperliquid, and the broader cryptocurrency market. With the $40 support now broken, traders could be looking at the next major support level around $36.

HYPE eyes the $36 support level

With the broader cryptocurrency now bearish, HYPE has shifted bearish, at least in the short term. The sell signal from the Moving Average Convergence Divergence (MACD) indicator on the 4H chart shows that sellers are currently overpowering buyers in the market.

The blue line is set to cross below the red signal line, indicating a strong bearish momentum. Furthermore, the Relative Strength Index (RSI) has dropped from the overbought territory and is now heading into the 50 midline, signaling a firm bearish grip.

With the $40 support level now broken, the next key support is at around $36.00, with the 50-day Exponential Moving Average (EMA) set at $32.01 and the 100-day EMA at $27.41.

The post Hyperliquid price forecast: HYPE pauses price discovery after its ATH appeared first on CoinJournal.

Key takeaways

• SOL is the worst performer among the top 10 cryptocurrencies today, down 3.5% in the last 24 hours.
• Its poor rally can be attributed to Pump.fun’s account ban on X and the ongoing conflict in the Middle East.

Crypto market still reeling from the Middle East crisis

The cryptocurrency market has had a bearish few days, courtesy of the ongoing conflict between Iran and Israel. Bitcoin, the leading cryptocurrency by market cap, has lost 3.4% of its value over the past seven days and currently risks dropping below $105k. At press time, the price of Bitcoin stands at $105,688 per coin. 

Thanks to the ongoing bearish performance, the total cryptocurrency market cap has dropped below $3.3 trillion.

SOL, Solana’s native coin, is one of the worst performers among the top 10 cryptocurrencies by market cap. While it is affected by the same fundamentals as the broader market, other catalysts have helped dampen SOL’s performance.

SOL dips to $150 on Pump.fun’s X ban

SOL is currently trading at $150.08, down 3.43% in the last 24 hours. Its poor performance can be attributed to the unexpected suspension of Pump.fun from X. Pump.fun is the leading memecoin launchpad on the Solana blockchain.

Social media platform X suspended the X accounts of Pump.fun, its co-founder, Alon Cohen, and several high-profile meme projects, including GMGN and ElizaOS. This was a major blow because Pump.fun had become a major driver of onchain activity and speculative momentum on Solana. Thousands of memecoins have launched on the Solana blockchain over the past few months, thanks to Pump.fun.

In addition to the Pump.fun X ban, the ongoing conflict in the Middle East is affecting the performance of Bitcoin, Solana, and other major cryptocurrencies. 

SOL could test the $140 support level

While SOL is trading around $150 at the moment, it could dump to the $140 support level in the coming hours or days. Currently, SOL is forming a descending triangle, a bearish reversal pattern. 

If SOL fails to bounce back after hitting the $140 support level, then the cryptocurrency could dump further and head towards the $110 psychological mark. Furthermore, the MACD is hinting at weakness, with the $140 support level could give way for a dump towards $110 in the near term.

Despite the ongoing bearish price action, SOL could bounce back if there is a ceasefire in the Israel-Iran conflict. Currently, capital is moving into the U.S. Dollar and Gold as safe-haven assets while risk-based assets like Bitcoin and Solana underperform. With a ceasefire, SOL could quickly reclaim the $170 resistance level.

The post Solana price prediction: SOL to test the $140 support level after Pump.fun ban appeared first on CoinJournal.

• Judge Torres rejected the earlier motion in May, citing a lack of “exceptional circumstances.”
• The SEC filed a new status report on 16 June requesting a hold on appellate proceedings.
• At the time of writing, this motion is still pending, and the court has not yet issued a decision.

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has entered yet another phase of delay.

Both parties have now requested the US Court of Appeals for the Second Circuit to pause proceedings, this time until 15 August 2025, as they attempt to settle the matter out of court.

This request follows a series of developments in the case, including failed motions, revised penalty proposals, and ongoing efforts to lift an existing injunction against Ripple’s activities.

SEC and Ripple seek settlement and injunction relief

Ripple and the SEC have jointly filed a motion asking the district court to dissolve the permanent injunction imposed on Ripple Labs and reduce the financial penalty from $125 million to $50 million.

This is part of a larger attempt to resolve the case through a settlement rather than continuing with a protracted appeals process.

The background to this stems from April 2025, when the two sides submitted a request for an “indicative ruling” to modify a final judgment.

The aim was to allow Judge Analisa Torres to revise the court’s original orders in light of ongoing negotiations.

However, on 13 May, Judge Torres rejected the request, stating that the motion failed to meet the required “exceptional circumstances” standard needed to modify a final ruling under Rule 62.1.

Despite this setback, Ripple and the SEC returned with a new motion on June 12, again asking the court to reconsider the existing injunction and accept the revised $50 million settlement figure.

At the time of writing, this motion is still pending, and the court has not yet issued a decision.

SEC status update urges suspension until August 15

The SEC filed a new status report on 16 June, requesting that the appeals process be put on hold until at least 15 August.

The report argues that continuing the appeal during this interim period would be inefficient and potentially unnecessary if the district court rules in favour of the joint motion.

The pause has not yet been granted. The request remains under consideration by the Second Circuit.

Earlier this year, a similar delay had been requested, underscoring both parties’ shared interest in resolving the case through negotiation rather than extended litigation.

The strategy appears to be aimed at conserving resources and avoiding a drawn-out appeals process, which could stretch into 2026 without resolution.

XRP price steady amid legal uncertainty

Amid the legal developments, XRP has shown some resilience in the market.

As of the latest data, XRP is trading at $2.21, reflecting a modest rise in the past 24 hours. The token’s total market capitalisation currently stands at $130.5 billion.

Market watchers suggest that a favourable court ruling could potentially remove barriers for Ripple’s business operations and inject new momentum into the XRP token’s performance.

No final outcome has yet been reached, but if the district court agrees to dissolve the injunction and endorse the $50 million settlement, it could mark a turning point in the long-running regulatory conflict.

For now, all eyes remain on Judge Torres’ decision, and its potential impact on both Ripple and the broader crypto regulatory environment.

The post Ripple case may be delayed as SEC, Ripple seek to finalise $50 million settlement appeared first on CoinJournal.