China News Daily TheBitTimes.com

Macro guru Raoul Pal says layer-1 blockchain Sui (SUI) is getting ready for a new phase of outperformance despite its recent consolidation. On the social media platform X, Pal shares with his 1.2 million followers a chart suggesting that SUI has neared the bottom of a descending channel, and is finding support somewhere near the $2 level. “For those of you in Sui, these are my chart reads… Shorter term…” Source: Raoul Pal/X And zooming out, based on another chart, Pal sees SUI trading within a large triangle pattern, hinting at bullish continuation. “Longer term…” Source: Raoul Pal/X Says Pal, “My view is that as BTC breaks ATHs (all-time highs), [SUI] begins to outperform again and will remain in the top five majors in performance in this cycle. Patience! Greed, desperation or FOMO (fear of missing out) never works…” At time of writing, SUI is worth $2.82. The investor recently said that the tre...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

BNB Chain Validator Architecture: Securing a Scalable Network BNB Chain’s validator architecture is a cornerstone of its performance, decentralization, and security. Operating under a Proof-of-Staked-Authority (PoSA) consensus mechanism, BNB Chain combines elements of delegated staking with authority-based validation. This hybrid model allows for fast block times and high throughput, making the network suitable for DeFi, NFTs, and large-scale dApps. At its core, BNB Chain is maintained by a set of active validators—currently capped at 40—who are responsible for producing blocks, validating transactions, and securing the network. These validators are selected based on the amount of BNB staked by delegators and their performance metrics. Node operators must meet stringent requirements, including uptime, hardware capabilities, and community trust, to participate effectively. Delegators can stake their BNB to support validators and earn a portion of the rewards, creating a symbiotic system...

In a fresh blow to XRP holders, U.S. District Judge Analisa Torres has officially denied the joint motion filed by both Ripple Labs and the SEC requesting an indicative ruling to expedite resolution in their long-running legal battle. In her June 26 order, Judge Torres made clear: “If Ripple and the SEC want to end this, they can withdraw their appeals. But I will not cancel the court’s orders unless the legal standards are truly met.” Judge Torres denies joint motion. Source: Eleanor Terret This effectively prolongs the case that began in 2020 and has become one of the most closely watched legal showdowns in the crypto space. The motion sought to dissolve the Court’s permanent injunction request and reduce the civil penalty imposed on Ripple. Both requests were denied. The reaction in markets was swift. XRP dropped over 4% in 24 hours, with its fully diluted market cap falling from above $128 billion to $125.19 billion, wiping $2 billion in an hour as trader...

Africa is taking a bold economic U-turn by following the footsteps of BRICS and challenging the US dollar by settling trade in a homegrown payment system. The Continent accelerated the launch of a local currency payment system that does not rely on the US dollar. The homegrown payment system is called the ‘Pan-African Payments and Settlements System‘ (PAPSS) and remains at the forefront of the de-dollarization agenda in the Sub-Saharan Continent. Also Read: India Reveals New Details About BRICS Currency BRICS Inspires 15 Countries in Africa To Settle Trade in the Homegrown Payment System Source: iemed.org Taking a leaf from the BRICS bloc, 15 African countries have used the homegrown payment system PAPSS for trade. As of June 2025, over 150 commercial banks in Africa settled the payments in local currencies bypassing the US dollar. The 15 countries that used the PAPSS include Kenya, Malawi, Tunisia, and Zambia, among many others. PAPSS saves African countries more money in f...

BlackRock (NYSE: BLK) has resumed accumulating Ethereum (ETH), reversing earlier signs that the world’s largest asset manager was scaling back exposure on the second-ranked cryptocurrency.  Specifically, BlackRock withdrew over 11,000 ETH, worth approximately $27.2 million, from Coinbase Prime, according to blockchain data from Arkham Intel on June 24.  The transfers came in two parts. The first one emerged at 10:43 UTC and involved 4,224 ETH worth $10.28 million, followed 15 minutes later by 6,961 ETH valued at $16.92 million.  Both transactions originated from Coinbase Prime’s hot wallet and were sent to a wallet tied to BlackRock’s Ethereum ETF (ETHA). BlackRock Ethereum transaction. Source: Arkham Intel BlackRock’s initial signal to sell ETH The move is especially noteworthy given that just a day earlier, on June 23, BlackRock transferred 9,928 ETH worth around $24.15 million from its ETF wallet to Coinbase Prime, sparking speculation of profi...

Ripple (XRP) is undergoing a definitive momentum, in which another co-founder of XRPL has emerged from the shadows. Arthur Britto, another leading XRP founder, has taken to X to make his presence known, which, in turn, has shaken the cryptocurrency world, filling it with heightened speculation and speculation. Britto was underground for many years, barely making his presence known to the world until now, which has led analysts to speculate whether this is a sign of XRP’s absolute success. How does this impact global XRP flows? Let’s find out. Also Read: Ripple XRP Price Signals Potential Breakout After $3 Britto XRP Connect: A Prophetic Surge? Source: Watcher.Guru Per analyst John Squire, XRP’s Arthur Britto is a co-founder of Ripple and is dubbed an enigmatic figure in the history of XRP. He is synonymous with the quote that touted XRP as crypto designed to reach $10,000. His sudden resurgence has led analysts to speculate whether the time has come for Ripple to show its true met...

XRP’s recent sell-off, which saw the token dip below the $2 mark, coincided with a sharp decline in exchange reserves over the past week. On June 22, the total XRP held on Binance stood at 2.238 billion tokens, down approximately 614 million from the 2.852 billion recorded just days earlier on June 16, according to on-chain data from CryptoQuant retrieved by Finbold on June 23. XRP one-week Binance reserve changes. Source: CryptoQuant With XRP trading around $2 as of press time, the amount that exited exchange reserves translates to around $1.228 billion. This significant outflow suggests that investors may be moving their XRP to private wallets or cold storage, a trend often seen as bullish.  Such withdrawals are typically interpreted as accumulation by long-term holders or institutions, which could reduce near-term selling pressure, with fewer tokens on exchanges, liquidity tightens, potentially amplifying price moves if demand rises. This shift come...

The New Development Bank (NDB), commonly called the BRICS bank has disbursed loans in local currencies worth $2.1 billion. The alliance has lent loans worth totaling close to $10 billion during the timeframe and around 22% of them were disbursed in local currencies. The BRICS bank aims to increase lending loans in local currencies by 30% by the end of 2026. That would equate to loans worth $3 billion and more if the bloc moves according to the plan. The ideology to not fully use the US dollar for loans came after the White House pressed sanctions on Russia. Also Read: China Dumps $8.2 Billion US Treasury Bonds in BRICS Counter-Attack The US sanctioned Russia in February 2022 for invading and waging war against its neighboring country Ukraine. Though the sanctions were imposed by the Biden administration, Trump has not revoked them and the sanctions remain in 2025. Therefore, the BRICS bank NDB began issuing loans in local currencies to bypass the US sanctions and financially help membe...

Chainlink (LINK) price is in a bearish state at press time, down over 20% in the last 30 days as investors search for signs of recovery. LINK’s dropoff reflects technical breakdowns and broader crypto market weakness, compounded by trader liquidations and mixed sentiment around key Chainlink network developments. Its price action remains locked in a descending trendline, and traders are eyeing either a breakout or a further 20% decline. Several crypto experts and analysts on X (formerly Twitter) are discussing the current price of LINK. Several have indicated that now is a crucial point for the altcoin, while others believe it has strong upward potential. “LINK is on the verge of the abyss; if it doesn’t bounce off the $12.5 support, it will be in trouble,” said one LINK analyst on X. On the flip side, others suggest that not only is now a good time to buy the dip, but LINK’s current price zone has reignition potential. Chainlink LINK has fallen to $12.50, a dangerous ...

XRP’s critical point initiatives have catalyzed various major market developments, and according to market analyst CasiTrades, the cryptocurrency faces only two possible paths forward right now. Through several key technical approaches, analysts are making their XRP breakout prediction for 2025 based on whether XRP can break above $2.25 resistance or will drop to support levels first. Also Read: XRP’s $8 Peak Is Near: XRP Holders Are About to Make A LOT of Money XRP Price Path, Investor Risk Signals, And Breakout Scenarios Explained Source: Reddit Market Reaches Decision Point XRP’s critical point has accelerated across multiple essential trading sectors after months of consolidation, and the pressure is now undeniable. CasiTrades, known for her accurate technical calls, emphasizes the urgency of the current situation right now. CasiTrades stated: “The market is officially out of time!” The market is officially out of time! After months of tightening, the #XRP co...

Singapore – [June 19, 2025] – Matrixport, a leading all-in-one crypto financial services platform, today announced its launch of the industry's first structured financial product—Daily Dual Currency (“Daily Dual-Ccy”). This product enhances the traditional dual-currency investment model by incorporating a "daily observation" mechanism, effectively responding to the market's need for flexible yield optimization solutions. The Daily Dual-Ccy incorporates a daily observation mechanism to enhance yield-locking opportunities by tracking the daily price of the underlying assets. It caters to two core investor segments: those optimistic about long-term crypto asset holdings willing to accumulate during short-term corrections, and those expecting market downturns who wish to convert their assets to USDT for stable cash flow. The Daily Dual Currency product includes "Bullish Daily Dual-Currency (USDT)" and "Bearish Daily Dual-Currency (BTC/ETH)": the fo...

Ethereum’s BlackRock developments show massive institutional confidence as the world’s largest asset manager purchased an additional $500 million in Ethereum during an 8% price correction. BlackRock’s strategic accumulation of cryptocurrency positions demonstrates how institutional investors are capitalizing on market volatility, and the firm added approximately 154,000 ETH to spot exchange-traded funds. This ethereum BlackRock move signals growing trust in Ethereum price prediction models among major financial institutions, and also highlights the increasing appetite for digital assets among traditional money managers. BlackRock Ethereum investment surge chart – Source: Watcher.Guru Also Read: Bitcoin ETF Flows: Institutional Money Keeps Pouring In Ethereum’s BlackRock Deal Signals Rising Institutional Crypto Trust Source: Crypto Daily The ethereum BlackRock investment strategy reflects calculated positioning amid cryptocurrency market turbulence, and at ...