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Crypto

Cardano market cap recovers to $6 billion, on-chain metrics sound warning

Cardano\'s market value has recovered to the $6 billion level as the broader crypto market ticked up after a U.S. inflation reading. But bearish sentiment is rising in derivatives markets, with more short bets and a potential dead cross on the weekly chart. On-chain data tracked by Santiment show unusual moves, including rising age-consumed metrics and dormant wallets starting to move, while trading volumes have fallen to a two-year low.

Crypto

XRP outlook for rest of June shows warning lights over risk of falling below $1

Technical signals are building that XRP could slip below $1 for the rest of June. Cointelegraph reported that head-and-shoulders and bear-flag patterns have formed on short-term charts, while the MVRV price band suggests room for further declines. A break below about $1.09 could target $0.99, and a bear-flag breakdown could point to $0.94. Resistance near $1.12 could weaken bearish signals if reclaimed.

Crypto

Nepal crypto trading rises despite ban; IMF urges faster regulation

The International Monetary Fund said crypto-related flows in Nepal have risen sharply despite a legal ban, and urged the country to strengthen oversight and build a regulatory framework. In an annual consultation report, the IMF flagged growing stablecoin and unsecured crypto flows from 2019 to 2024 and estimated significant cross-border activity. It called for rules aligned with international standards and urged Nepal to complete its FATF implementation plan and exit the grey list.