BONK price gains 60% in a week as Solana memecoins make a comeback

XRP’s price is teetering on the edge of a steep drop, potentially falling below $2, as a prolonged correction phase takes hold. After peaking at $2.65 in May, the cryptocurrency has been on a downward slide, failing to regain momentum. Despite a strong rebound from $1.80 in April, the current trend shows consistent lower highs, signaling weakening buyer interest and growing bearish pressure.

Editor’s Note: For crypto investors, this isn’t just another dip—it’s a worrying sign that XRP’s recent gains might be unraveling. If the bearish trend continues, it could shake confidence in the asset, especially after last month’s rally had sparked optimism. Whether this is a temporary setback or the start of a deeper slump will depend on broader market sentiment and whether buyers step in to halt the slide.

New York City’s comptroller is calling out Mayor Eric Adams’ proposal to issue Bitcoin-backed bonds, labeling it a reckless gamble with taxpayer money. The comptroller argues that crypto’s notorious volatility makes it a shaky foundation for public finances, especially when the city’s budget is already under strain. Adams, a vocal crypto booster, sees it as an innovative move—but critics say it’s more like playing roulette with city funds.

Editor’s Note: This isn’t just another crypto debate—it’s about whether governments should dabble in high-risk assets when real-world services (think schools, roads, and housing) are on the line. With cities like Miami already backtracking on crypto experiments, NYC’s plan could set a risky precedent or serve as a cautionary tale. Either way, taxpayers are the ones on the hook.

Bitcoin's price has been on a rollercoaster lately—hitting a new record high last week before stumbling into a correction. Now, traders are eyeing a surge in long positions on Bitfinex as a possible signal that the crypto could bounce back. It’s a tug-of-war between optimism and exhaustion, with the market’s next move hanging in the balance.

Editor’s Note: Bitcoin’s wild swings aren’t just numbers on a screen—they’re a pulse check on investor confidence. If these long bets pay off, it could mean renewed momentum for BTC. But if they don’t? Brace for more turbulence. Either way, crypto traders are glued to the charts.

JPMorgan CEO Jamie Dimon is making headlines again—this time for suggesting the U.S. should prioritize stockpiling missiles over Bitcoin as a strategic reserve. Dimon, never one to mince words, doubled down on his skepticism of crypto, framing national security as a more urgent investment than digital assets. His comments come amid ongoing debates about Bitcoin’s role in geopolitics and the economy.

Editor’s Note: Dimon’s stance isn’t surprising—he’s long been a crypto critic—but it underscores a bigger conversation about how nations allocate resources in an unstable world. Is Bitcoin a strategic asset or a distraction? While his missile remark might sound extreme, it’s really about priorities: defense vs. speculative bets. Whether you agree with him or not, it’s a reminder that powerful figures still see crypto as a sideshow to "real" global challenges.

A new lending platform is bringing XRP—the cryptocurrency tied to Ripple—into the institutional finance world, specifically targeting publicly traded companies listed on major U.S. exchanges like Nasdaq and NYSE. This move signals growing acceptance of crypto in traditional corporate finance, offering firms a way to leverage their digital assets for liquidity or investment opportunities.

Editor’s Note: Crypto isn’t just for retail traders anymore—this development shows it’s gaining real traction in boardrooms. If big companies start using XRP for lending, it could further legitimize crypto in mainstream finance and maybe even push regulators to clarify rules faster. For XRP holders, it’s a sign the asset’s utility (and possibly its value) might expand beyond speculative trading.