XRP Consolidates For Three Days After 9% Breakout: What’s Going On?

XRP (CRYPTO: XRP) holds flat Tuesday, compressing between two Fibonacci levels for a third straight day after the June 15 breakout, while ETF inflows resume and top traders stay aggressively long.

Post-Breakout Compression Is Healthy, Not A Reversal Signal

XRP has spent three days coiling between the 0.5 Fibonacci level at $1.2071 and the 0.618 Fib at $1.2440. 

The 20 EMA at $1.2081 is holding as active support with the SAR firmly bullish at $1.0716. Three consecutive days of consolidation above the 20 EMA after a breakout is constructive price action, not a failed move.

Derivatives confirm the digestion is healthy rather than deteriorating. Volume dropped 33.42% and open interest sits…

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Mexican Billionaire Ricardo Salinas Bets 70% Of His Portfolio On Bitcoin, Eyes $1 Million Price

Long before bitcoin existed, Ricardo Salinas Pliego was learning about hard money at the family dinner table.

Born in Mexico City in 1955, Salinas is the founder and chairman of Grupo Salinas, a corporate conglomerate with interests in telecommunications, media, financial services, and retail. In 1987, he took over from his father as CEO of Grupo Elektra — originally a family-owned furniture manufacturing company founded in 1906 by his great-grandfather — and refocused it on appliances, electronics, and consumer credit for Mexico’s emerging middle class. 

Today, his empire includes Banco Azteca, TV Azteca, and dozens of other enterprises spanning the country.

But…

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U.S. Congressman Nick Begich Wants America To Stop Selling Its Bitcoin — And Start Treating It Like Gold

Congressman Nick Begich (R-AK) sat down with the Bitcoin Policy Institute at PubKey in New York for a wide-ranging conversation that touched on his path from startup founder to Capitol Hill, his landmark American Reserve Modernization Act, and the dual promise and peril of artificial intelligence.

The interview offered a window into one of Congress’s more technologically fluent members — a distinction Begich traces not to his political career but to the decades before it.

Begich’s resume reads unlike most of his colleagues. After undergraduate studies in entrepreneurship at Baylor University and an MBA from Indiana University focused on information technology and…

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Sam Bankman-Fried ‘Had His Day In Court’: Democrats And Republicans Urge Trump Not To Pardon SBF

Senators Cynthia Lummis (R-Wyo.) and Ruben Gallego (D-AZ) introduced a bipartisan resolution Wednesday, urging President Trump not to pardon Sam Bankman-Fried, days after a federal appeals court upheld his 25-year sentence.

Senate Resolution Calls SBF Pardon Off-Limits Under Any Circumstances

The four-page resolution states that under no circumstances should Bankman-Fried receive executive clemency. 

The move carries added weight because both senators are central figures in negotiating the CLARITY Act, the crypto market structure legislation currently advancing through Congress.

“He had his day in court,” Lummis said. “A jury didn’t buy the act, and a judge gave him 25 years for a…

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The CLARITY Act’s Biggest Obstacle Isn’t Crypto Regulation — It’s Trump’s Crypto Ties

David Nage, portfolio manager at Arca, stated that the final hurdle facing the CLARITY Act may have less to do with crypto regulation and more to do with ethics provisions tied to elected officials and senior government leaders.

“Three Mechanical Things“

In an X post on June 16, Jeff Dorman, CIO at Arca, cited Nage, who revealed that after spending a week meeting lawmakers and congressional staff in Washington, the core policy framework behind digital asset market structure legislation is largely complete.

“We are very close,” Nage wrote. “Call it 80%–85% finished.”

The House passed the CLARITY Act in July 2025 and Senate Banking Committee advanced its version in May by a 15-9…

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Bitcoin Is Back At $66K, But What Made It Feel Safe Is Still Broken

Today, BTC is back at $66,000. Leverage has been flushed. ETF inflows have quietly turned positive. Whale wallets are pulling coins off exchanges. so, by most measures, the bounce looks real.

But there’s something else that the price chart doesn’t show: the story that held Bitcoin together for years just cracked. And BlackRock’s answer to that crack launched on Nasdaq this morning. Those two things, taken together, tell you more about where Bitcoin goes from here than any technical indicator.

The 32 Coins That Shook a $2 Trillion Market

However, it moved everything.

Bitcoin dropped 14%. ETF outflows hit $4.3 billion across 12 consecutive sessions, a record streak. More than $800…

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Oman Launches Mandatory National Bitcoin Mining Pool In State-Backed Push For Regulatory Control

Oman has taken one of the most direct steps by any government to bring bitcoin mining under formal state oversight, launching a mandatory national mining pool that licensed operators across the sultanate are required to join.

The pool, Omanhash.com, was launched by Oman’s Ministry of Transport, Communications and Information Technology and will run in cooperation with Frontier Technologies LLC, an Omani blockchain and Web3 company. 

Enegix Global, a vertically integrated digital energy and infrastructure company, built the technology platform and liquidity infrastructure behind it. The company called it the official national cryptocurrency mining pool of the Sultanate of Oman.

Under…

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79% Of Bitcoin Supply Locked By Long-Term Holders: Analyst

Bitcoin is showing signs of stabilization after a brutal stretch, and research firm K33 says the on-chain evidence is difficult to ignore. In its latest market report, K33 Head of Research Vetle Lunde pointed to a record share of Bitcoin supply held by long-term holders — a metric that, historically, has preceded the end of every major bear market in Bitcoin’s history.

Long-term holders now control 79% of Bitcoin’s circulating supply, an all-time high that K33 says reflects a continued accumulation trend and a gradual shift toward a more constructive market environment. 

That figure carries weight not as a standalone data point, but as part of a broader pattern: in every…

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Crypto Industry Slams Illinois’ New Digital Asset Tax As ‘Most Punitive’ In U.S.

Illinois Governor JB Pritzker signed Senate Bill 3019 into law yesterday, making Illinois the first state in the country to impose a transaction-based tax on crypto. This move drew swift condemnation from crypto industry groups who had urged him to strike the provision before his pen hit the paper.

The Digital Asset Privilege Tax Act, tucked inside a 1,624-page revenue bill that forms part of Illinois’ $55.9 billion fiscal year 2027 budget, levies a 0.2% charge on the value of any digital asset involved in an exchange, transfer, custody, or wallet service conducted on behalf of an Illinois customer. 

The tax takes effect January 1, 2027, and is projected to generate roughly…

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Byte Federal Announces Successful Launch of Custom-Built Integration Supporting BurraPay’s Historic Entry

Byte Federal Announces Successful Launch of Custom-Built Integration Supporting BurraPay’s Historic Entry – Benzinga

And the opportunity doesn’t stop with gaming: Byte Federal is already in talks with other industries about facilitating custom builds tailored to their unique needs.

About Byte Federal

About BurraPay

For more information about BurraPay and its services, visit https://burrapay.com/.

SOURCE Byte Federal Inc.

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