But wait! Ethereum, the plucky underdog, has managed to defy the odds with a slight uptrend. It’s like watching a tortoise outrun a hare, only the tortoise is made of code and the hare is… well, still a hare.
What made this rollercoaster ride even more thrilling was the accompanying surge in 24-hour trading volume, which spiked 11% above the 30-day average. Such fervent participation amplified the volatility, with price swings that could give both bulls and bears a serious case of whiplash! 🤕 The rejection from $2.82 and the failed attempts to reclaim that level set the stage for a more cautious trading atmosphere in the days to come.
On June 18, the U.S. Attorney’s Office, with all the pomp and circumstance of a grand opera, announced its civil complaint in the U.S. District Court for the District of Columbia. They are not merely seeking the forfeiture of approximately $225.3 million in crypto; they are on a crusade against the very essence of confidence fraud schemes that have ensnared the unsuspecting.
In a shocking turn of events, the Sui token has recorded its lowest Open Interest in over three weeks, now sitting at a mere $1.15 billion. That’s a drop of over 45% from its all-time high of $2.05 billion! It’s as if investors are fleeing the scene faster than a cat in a room full of rocking chairs. 🐱💨
Franklin Templeton, the massive $1.4 trillion beast of the asset management world, has found itself once more at the mercy of the SEC. After filing its XRP ETF proposal in early March 2025, they were initially told a decision would come by May 3. But like a bad movie sequel, the date was pushed to June 17. Now? They’ve extended the review process into late July. A cliffhanger no one asked for.