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Cryptocurrencies

'BNB Microstrategy' faces imminent Nasdaq delisting as price falls below threshold
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BNB hits new ATH as cryptocurrencies rally post-Powell speech

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BNB price jumped to a fresh record high on Friday, gaining more than 6% to hit a new all-time high near $900, as prices rose across major crypto exchanges in reaction to cryptocurrencies’ rally on Jerome Powell’s dovish remarks.

Summary

  • BNB price spiked to a new all-time high near $900 on Friday, Aug. 22.
  • The Binance token’s gains came amid broader crypto rally after Federal Reserve chair Jerome Powell’s speech.

The crypto market’s bullish flip following comments by U.S. Federal Reserve chair Jerome Powell saw Binance Coin (BNB) jump to a new peak of $897, cementing the Binance coin’s status as one of the best performing top altcoins of this cycle.

With price staying above a robust demand reload zone despite crypto’s recent downswing, BNB took advantage of the broader market’s reaction to Powell’s remarks to pop to a new all-time high.

BNB price extends gains 

The surge to above $890 sees BNB extend its gains to over 16% in the past month. Even with the altcoin market’s dip this week, BNB price remains nearly 10% up over the period. 

BNB price chart. Source: crypto.news

Boosting BNB in recent weeks has been a wave of corporate treasury moves, and the latest is by the Hong Kong public company China Renaissance. The company announced a $100 million BNB buy, joining the likes of Windtree, BNC, and CEA Industries in unveiling BNB treasury strategies.

Daily volume is down – what does it mean?

A bullish structure thus has bulls eyeing a new leg up, which analysts say is the psychological $1,000 mark and higher. Notably, BNB is up, but daily volume is down by about 19% to $1.9 billion.

In the market, a spike in an asset’s price amid a decrease in trading volume can signal a dip in interest from market participants. Mainly, it suggests there is a potential weakening of resolve and that the uptrend could be at risk of exhaustion.

With BNB price hovering at elevated levels for most of the month, the price spike and dip in volume could signal this outlook. Profit-taking may ensue with price approaching or extending past the $1,000 mark.

According to data from Coinglass, derivatives volume has dipped by 22% to about $2.3 billion. However, BNB’s spike saw most of the 24-hour liquidations hit shorts, and open interest remained up 8% at over $1.65 billion.



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SEC Chair Atkins reaffirms promise to end ambiguity in crypto regulation.      
Crypto Trends

‘Very few cryptocurrencies are securities:’ SEC Chair Paul Atkins

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SEC Chairman Paul Atkins recently clarified that only a very small number of cryptocurrencies qualify as securities.

Summary

  • SEC Chairman Paul Atkins has clarified that only a very small number of cryptocurrencies qualify as securities.
  • The approach marks a significant shift from former Chair Gary Gensler’s stricter stance and anti-industry policies.

During his speech at the Wyoming Blockchain Symposium 2025, U.S. Securities and Exchange Commission Chairman Paul Atkins commented on the classification of cryptocurrencies, saying most tokens are not securities.

According to him, whether a cryptocurrency is considered a security depends on how it is “packaged and sold,” rather than its inherent characteristics.

“Just the token itself is not necessarily a security, and probably not,” he said, “There are very few, in my view, tokens that are securities, but it depends on what’s the package around it and how that’s being sold.”

Atkins’ remarks represent a significant shift from the approach adopted by former SEC Chair Gary Gensler, who classified the majority of crypto assets under U.S. securities law. Gensler’s stance led to widespread enforcement actions against the industry, creating a hostile regulatory environment.

Since his appointment in April, Atkins has consistently stressed that the industry deserves regulatory clarity, adopting a more welcoming and non-hostile approach to regulations. His latest remarks also build on broader positive regulatory developments in recent months, including the formation of a new pro-industry initiative called “Project Crypto.”

What is Project Crypto?

Earlier in July, Atkins announced the launch of ‘Project Crypto’ by the SEC. The project aims to create clear rules for crypto distributions, custody, and trading, providing businesses with guidance on token offerings and overall operations. 

While final regulations are still being developed, Atkins said the SEC would consider using interpretative, exemptive, and other authorities to ensure that outdated rules do not stifle innovation.

The efforts come as the Trump administration continues to push to maintain the United States’ dominance in global digital asset markets, with a separate Working Group on Digital Assets also calling for a unified framework that promotes innovation. The U.S. House also recently passed three landmark bills relating to the industry, including the GENIUS Act, the first official federal framework for stablecoins.

Atkins added recently that the SEC is also focused on protecting the industry from future challenges such as regulatory overreach or unfair enforcement, highlighting the need for rules that are clear, adaptable, and capable of supporting innovation over the long term.

“We must craft a framework that future proofs the crypto markets against regulatory mischief. I look forward to working with my counterparts across the Administration and Congress to get the job done,” he wrote.



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XRP
Crypto Trends

Ripple CTO Declares Blockchains Can Solve Problems Outside Of Cryptocurrencies

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Ripple’s Chief Technology Officer, David “JoelKatz” Schwartz, recently shared his view that blockchains are not only about cryptocurrencies but could also solve many other problems. He explained that the fintech company’s vision has always gone beyond digital coins, dating back to Ryan Fugger’s trust line idea in 2004. This early work, according to him, became the base for the company’s approach to connecting institutions and building trust networks. 

Ripple’s Vision Started With Trust Networks And Enterprise Adoption

The Ripple CTO pointed to Fugger’s work as the actual starting point for Ripple’s technology. Fugger builds his trust line system around the idea that people and institutions could form reliable networks of trust without always needing cash or coins in the middle. According to the CTO, this early concept eventually became the foundation for Ripple’s technology and the Interledger Protocol (ILP).

According to him, the Interledger Protocol, which connects different payment systems around the world, can, in many cases, work better than cryptocurrencies. “For those use cases where this is better than a cryptocurrency, there’s no world where people use cryptocurrencies instead of these kinds of solutions.” He added that this does not worry him because cryptocurrencies today are only a small fraction of what they could eventually become.

When the need is about trust and cooperation between established players, distributed ledgers like ILP can provide smoother and more practical outcomes. In his view, this does not detract from cryptocurrencies but demonstrates that blockchain can serve multiple roles simultaneously.

He explained that distributed ledgers offering solutions, even for problems that are not solved best with crypto, will make blockchains more useful for everyone. Rather than trying to take the place of cryptocurrencies, the aim here is to highlight the many uses of blockchains, with that broader value pushing adoption forward.  

Ripple CTO Explains Where Cryptocurrencies Still Have The Edge

The Ripple CTO also explained that cryptocurrencies remain vital in certain situations. “Digital assets without counterparties, without jurisdictions, that are censorship resistant and, yes, also volatile should only be used for the use cases where those things are truly advantages,” he said. He pointed out that these features are not helpful in every case but matter greatly where they are required.

The volatility and decentralized nature of digital assets are not weaknesses in those contexts but advantages in specific situations where independence and openness matter most. For example, when users need assets that cannot be blocked or controlled, cryptocurrencies provide a clear solution.

In his view, the best outcome is not to treat enterprise blockchains and cryptocurrencies as rivals but as partners in a larger ecosystem. Distributed ledgers can deliver better solutions while still leaving space for digital assets to thrive in the areas where they are most effective. This way forward is what will keep blockchain meaningful and functional well into the future.

XRP struggles amid bearish headwinds | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Why is Pi Network token down today?
GameFi Guides

Top cryptocurrencies to watch this week: Axelar, Solana, PI

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Cryptocurrencies are extra volatile as geopolitical risks rise and the Federal Reserve leaves interest rates unchanged for the sixth consecutive month,

Bitcoin’s (BTC) price went from an all-time high of $111,695 in May to below $102,000 on Sunday, June 22, sparking sell-offs among investors.

Top altcoins plunged, as well: AB (AB), SPX6900 (SPX), Fartcoin (FARTCOIN), Virtuals Protocol (VIRTUAL), Sonic (S), and Story (IP) dropped by over 20%.

Top altcoins crashed last week | Source: CMC

Top cryptocurrencies to watch

Solana (SOL), Axelar (AXL), and Pi Network (PI) are in focus this week as major token unlocks and key technical setups create both risks and opportunities for traders.

A bullish flag pattern hints at a potential rebound for Solana while Axelar could see further downside as it trades below key technical support.

Meanwhile, Pi Network’s Pi Day 2 event on June 28—with anticipated developer announcements and the conclusion of a widely followed domain auction—could spark renewed bullish momentum. Read on for more info.

Solana

SOL price chart | Source: crypto.news

Solana will be in the spotlight this week as it unlocks tokens worth over $255 million on Monday. A token unlock is seen as being more bearish because it introduces more tokens in the market.

Solana price will also be in the spotlight as most meme coins in the ecosystem plunged. The market capitalization of all of these tokens plunged from over $12 billion earlier this month to below $10 billion. 

The daily chart shows that SOL price has formed a bullish flag pattern, a popular continuation sign. This pattern comprises of a vertical line and a descending channel. 

Therefore, the token will likely bounce back and possibly retest the upper side of the flag at $187.30, which is about 40% above the current level. 

Anatoly Yakovenko, a former Qualcomm engineer, created Solana. He also co-founded Solana Labs in 2017 along with Greg Fitzgerald and Raj Gokal.

Axelar 

AXL price chart | Source: crypto.news

Axelar token has been in a strong bearish downtrend in the past few weeks, moving from a high of $0.6291 to a low of $0.3464, its lowest point since June 10. 

Axelar’s price may be at risk of more downside ahead of a big token unlock on Friday. The network will unlock tokens worth over $5.4 million, equivalent to 1.57% of the float. 

Technicals suggest that the AXL price may continue falling now that it has dropped below the 50-day moving average. If this happens, the next point to watch will be $0.2740, its lowest point in April this year.

Sergey Gorbunov and Georgios Vlachos co-founded Axelar and AXL in 2020. Both founders previously worked on the Algorand blockchain. Axelar’s focus is on building a decentralized network that enables secure and reliable cross-chain communication.

AXL is the token that powers and secures the Axelar network

Pi Network

PI price chart | Source: crypto.news

The Pi Network price will be in the spotlight because of the upcoming 80.9 million token unlock. Most importantly, it will be in focus because of Pi Day 2 on June 28. 

Pi Network’s developers normally make major announcements on the first and second Pi Days. A major announcement on this Pi Day may help to boost the token.

The commemoration coincides with the end of .pi domain auction, which has attracted millions of bids in the past few months. 

Pi Network price may bounce back this week as it has formed a falling wedge pattern, a popular bullish reversal sign. 



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Coinbase to List New Cryptocurrencies In Germany: Details
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Coinbase to List New Cryptocurrencies In Germany: Details

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Renowned U.S.-based crypto trading platform Coinbase is once again looking to expand its crypto offerings, focusing solely on residents in Germany. 

On Friday, the exchange announced via an X post the addition of two new crypto assets for users in the German region.

While the exchange is known for its continued efforts to regularly update its listings, the move aligns with its goal to provide users with an exclusive trading experience and a wide range of crypto options.

Popcat (POPCAT) and Subsquid (SQD) now in Germany

Earlier this month, Coinbase unveiled the listing of three new tokens for users in supported regions. These tokens include PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN), which became available on the Coinbase platform and in the Coinbase iOS and Android apps, allowing users to buy, sell, convert, send, receive, or store these assets.

However, it appears not all recently listed tokens were available to German users. The exchange has now announced that Subsquid (SQD) will now be available in Germany.

In addition, Coinbase has added support for Popcat (SOL) (POPCAT). Following the listing of both tokens in Germany, Coinbase users residing in the specified region can log in to buy, sell, convert, send, receive, or store these assets via the official Coinbase website or its iOS and Android apps.

While trading for the newly added tokens might not automatically appear for all users, the exchange encouraged users to refresh their application to access trading services for the new tokens.

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Notably, Coinbase’s decision to enhance its crypto offerings highlights the exchange’s commitment to providing diverse trading opportunities and expanding its global presence.

Although the development may attract more users to Coinbase, it also gives the listed crypto projects broader recognition, potentially impacting their price performance in the long term.

Despite the significance of the listings, they came at a time when the market was struggling to recover, with major cryptocurrencies trading in the red. The newly listed tokens were also trading negatively, despite the major update.

This implies that their listings on Coinbase Germany have yet to directly impact their current price movements, as data from CoinMarketCap shows POPCAT and Subsquid have recorded notable price declines of 5.06% and 2.06% over the last 24 hours, respectively.



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Major Exchange to Delist 16 Cryptocurrencies: Details
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Major Exchange to Delist 16 Cryptocurrencies: Details

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The main causes of OKX’s announcement of the extensive delisting of 16 trading pairs are low trading volume and liquidity shortages. The action is a reflection of the platform’s endeavor to maintain a trading environment that is both efficient and liquid. Because these pairs did not meet the minimal requirements for sustained listing, the exchange flagged them as part of its routine listing qualification review. 

The affected pairs include: ALCX/USDT, ALCX/USD, NULS/USDT, NULS/USD, MDT/USDT, MDT/USD, BORA/USDT, BORA/USD, CTXC/USDT, CTXC/USD, XNO/USDT, XNO/USD, VENOM/USDT, VENOM/USD, RADAR/USDT, RADAR/USD.

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The delisting will take place on June 20,2025, between 8:00 and 10:00 a.m. UTC. As of June 16, deposits for the delisted assets have already been suspended, and users are encouraged to manage or remove their holdings as soon as possible. Sept. 20, 2025, will mark the end of withdrawals, providing time for asset recovery. In terms of market reaction as exit liquidity thins out, tokens such as RADAR and ALCX are likely to see sudden declines. 

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Delisting increases investor uncertainty as these assets were already exhibiting structural weakness. One warning for RADAR is that although there are still significant technical obstacles, its vibrant Web3 community may mobilize on social media and try to support the price through grassroots involvement. The list may not recover at all for other tokens, especially those with little practical application or little trading support. 

Sentiment could continue to deteriorate as access becomes more limited and liquidity disappears on several exchanges, which could result in delisting on other platforms or permanent price suppression. This is a clear reminder to traders that exchanges are narrowing their rosters and that tokens that do not contribute to volume or activity run the risk of being dropped. Be on the lookout for slippage risk illiquidity traps and volatile swings, which are likely to increase during the delisting window. Now is the time to take decisive action if you own any of the impacted assets.



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Top cryptocurrencies to watch this week: XRP, Solana, Zeta
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Top cryptocurrencies to watch this week: XRP, Solana, Zeta

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The cryptocurrency market will have numerous catalysts this week, including the Federal Reserve and Bank of England interest rate decisions, the ongoing Iran and Israel crisis, and potential Bitcoin and Ethereum ETF inflows. 

This article explores the top three cryptocurrencies to watch this week, including Solana, Ripple, and Zetachain.

SEC ruling on Franklin Templeton’s XRP ETF looms

Ripple (XRP) price will be a cryptocurrency to watch this week as the Securities and Exchange Commission delivers a ruling on Franklin Templeton ETF proposal on June 17.

The most likely outcome is that the agency will postpone the ETF approval as it evaluates other proposals by companies like VanEck, Bitwise, and 21Shares. 

Most crypto traders believe that the agency, under Paul Atkins, will approve these ETFs by the end of the year. Polymarket odds of this approval have jumped to almost 90%.

Franklin Templeton’s XRP ETF decision comes as the coin has remained in a consolidation phase in the past few weeks. It has formed a symmetrical triangle on the daily chart, pointing to a big breakout or breakdown in the next few weeks.

One crypto pundit estimated that the coin will have a bullish breakout, which will align with Bitcoin price rising above the 8-year trendline that we covered here.

XRP has been consolidating for 7 months since it pumped 700% after breaking out of the 7-year pennant, which I predicted.

It has now reached the end of its healthy consolidation period.

The next major move will begin soon and should align with Bitcoin breaking the 8-year line. https://t.co/D4dWE6powa pic.twitter.com/GSnXsghfbW

— Crypto Michael (@MichaelXBT) June 15, 2025

$275M token unlock could spark Solana rebound

Solana (SOL) price has dropped by 21.7% from its highest point in May, meaning that it has moved into a local bear market. This crash has coincided with the ongoing sell-off of most of its meme coins. 

Solana price will be in the spotlight this week as the network will unlock tokens worth over $275 million on Saturday. These tokens represent about 0.36% of its float. 

Still, technicals point to a Solana price rebound, as it has formed a bullish flag pattern on the daily chart. This rebound will be confirmed if the token rises above the upper side of the descending channel at around $160. 

Zetachain token unlock ahead

ZETA price chart | Source: crypto.news

Zetachain (ZETA) price has been in a downtrend and is hovering at its lowest level this year. It has plunged by over 80% from its highest point in 2024, partly because of its substantial monthly unlocks. These unlocks increase a token’s supply, which is risky, mainly when little demand exists.

ZETA price will be in the spotlight this week as it unlocks tokens worth $8.6 million, representing 5% of the float. 

The daily chart above shows that the ZETA price has pulled back from a high of $0.3120 in May to $0.20 today. It failed to move below that support level three times since March, forming a triple-bottom pattern. Therefore, Zetachain price may bounce back this week if it holds the support at $0.20.





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Amazon and Walmart Exploring Issuing Cryptocurrencies
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Amazon and Walmart Exploring Issuing Cryptocurrencies

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According to a Friday report by the Wall Street Journal, Amazon and Walmart are considering issuing their own dollar-backed cryptocurrencies. 

This would allow the American merchant powerhouses to potentially save billions in fees and speed up settlements by bypassing traditional payment systems.  

For now, such plans are only in exploratory stages, but they show that crypto finally has a mainstream use case. 

As reported by U.Today, Apple, Airbnb, and several other tech giants are also exploring corporate stablecoins. 

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Traditional financial institutions such as Bank of America and Fidelity are also preparing to join the trend. 

These moves come amid the impressive growth of the stablecoin sector and a rapidly improving regulatory environment. 

As reported by U.Today, the GENIUS Act, which is meant to regulate the stablecoin sector, advanced in the US Senate earlier this week. The final vote has been scheduled for June 17.  

Standard Chartered recently estimated that the stablecoin market could swell to a whopping $2 trillion in just three years.



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Coinbase to List 3 New Cryptocurrencies on June 12: Details
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Coinbase to List 3 New Cryptocurrencies on June 12: Details

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Amid efforts to provide its users with an exclusive trading experience and a wide range of crypto options, the renowned U.S.-based crypto trading platform Coinbase has announced via an X post the addition of three crypto assets to its platform.

The new listings, which span the Ethereum, Solana, and Arbitrum networks, aim to broaden crypto access for Coinbase users in supported regions.

According to the announcement, the tokens include PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN), providing fresh investment opportunities to Coinbase users.

Scheduled to launch on June 12, the three tokens will go live and become available for trading via the Coinbase website and mobile apps (iOS and Android). Users will be able to buy, sell, convert, send, receive, or store the assets starting from 9 AM PT on Thursday.

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Coinbase’s decision to enhance its crypto offerings underscores the exchange’s commitment to providing diverse trading opportunities and expanding its global presence.

As users anticipate the token launch, Coinbase has urged them to confirm asset availability in their region before engaging in transfers or trades. The exchange noted, “Support for these assets may be restricted in some supported jurisdictions.”

While each token is tied to a specific blockchain, users must exercise caution when transferring them:

  • Fartcoin (FARTCOIN) will be available as an SPL token on the Solana network. Sending SPL tokens through non-Solana networks may result in permanent loss.
  • Subsquid (SQD) will be supported only on the Arbitrum network, and transfers via non-Arbitrum networks may also be irrecoverable.
  • PancakeSwap (CAKE) will launch as an ERC-20 token on the Ethereum network, meaning only Ethereum network transfers will be supported.

This listing marks a significant milestone for each project. However, the buzz surrounding the Coinbase listings has yet to impact the price of PancakeSwap directly. Over the last day, CAKE has held firm around $2.58, reflecting a slight dip of 0.51%.

Meanwhile, FARTCOIN and Subsquid have moved in the opposite direction, showing massive daily gains of 6.34% and 6.48%, respectively, as anticipation builds ahead of their Coinbase debut.



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Major Cryptocurrencies Struggle as Hang Seng Cheers U.S.-China Trade Talks; U.S. Inflation Eyed as China Deflation Worsens

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Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks.

Bitcoin

, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView.

Data from Blockchain.com showed a marked slowdown in network activity, with the seven-day moving average of daily on-chain transactions falling to 315.48K, the lowest in at least a year.

Payments-focused cryptocurrency XRP

struggled to gather upside traction despite topping a bearish trendline from the mid-May highs. The cryptocurrency changed hands at $2.24 at press time, down over 1% on the day (UTC). Volatility may increase this week as the XRP Ledger’s APEX 2025 conference kicks off in Singapore.

Meme cryptocurrency dogecoin

traded nearly 2% lower, closing in on 18 cents, having failed to establish a foothold above the 100-day simple moving average (SMA) over the weekend.

Hang Seng tops 24K

Hong Kong’s Hang Seng index rose 1.3%, topping the 24,000 mark for the first time since March 24, according to data source TradingView. The move came in response to the optimism about the U.S.-China trade talks this week.

“Optimism is as high as it’s been since Trump’s election as top trade deputies will meet in London starting on Monday. There are indications that talks will go all week and Trump himself is optimistic,” ForexLive’s Chief Currency Analyst Adam Button said in a blog post.

“The meeting should go very well,” President Donald Trump said on Truth Social Friday, announcing the new round of trade talks in London.

Other Asian indices, such as South Korea’s KOSPI and China’s Shanghai Composite, also gained ground despite the deepening consumer and factory gate deflation in China.

China’s deflation worsens

China’s consumer prices fell 0.1% year-over-year in May, according to data from the National Bureau of Statistics released on Monday. The CPI first turned negative in February.

Meanwhile, the producer price index, or factory gate prices, fell 3.3% year-over-year in May, registering a sharper decline than the 3.2% drop analysts had expected. Factory gate prices have been in deflation since October 2022.

According to Robin Brooks, senior fellow in the Global Economy and Development program at the Brookings Institution, the U.S. tariffs are generating a deflationary shock for major exporters like China.

“China’s producer price inflation for consumer goods is down to its lowest level since the 2008 crisis. U.S. tariffs will now push China into full-on deflation. All necessary conditions for deflation are there: weak consumption and a debt overhang. U.S. tariffs are now the catalyst…,” Brooks said on X.

The worsening deflation could prompt China to stimulate domestic demand with further liquidity easing.

China’s central bank in May cut the key interest rates by 10 basis points to a historic low while reducing the reserve requirement ratio, releasing liquidity into the market. Last week, the state-run China Securities Journal reported that the People’s Bank of China may lower the reserve requirement ratio further later this year to support growth and restart government bond trading.

More Chinese stimulus could bode well for financial markets, including cryptocurrencies.

Focus on U.S. CPI

The U.S. consumer price index for May due Wednesday will be scrutinized by markets for clues that Trump’s tariffs are adding to price pressures in the economy.

The headline CPI is seen matching April’s pace of 0.2% month-on-month growth, equating to an annualized 2.5% rise versus April’s 2.3% increase, according to FXStreet. Meanwhile, the core inflation, which excludes the volatile food and energy component, is forecast to have ticked higher to 2.9% in May from 2.8% in April.

Economists at Barclays expect the data to show first signs of tariffs-related price increases across wide range of core goods.

A hotter-than-expected print could dent Fed rate cuts, potentially injecting downside volatility in financial markets.



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