CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 1812.32, up 5.9% (+100.88) since 4 p.m. ET on Friday.
All 20 assets are trading higher.
Leaders: TAO (+31.9%) and NEAR (+22.2%).
Laggards: BNB (+2.5%) and BTC (+4.2%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
FalconX has joined Taurus-NETWORK, adding a prime-brokerage credit and liquidity layer to Taurus’ institutional digital asset settlement system. Taurus said FalconX is the first prime broker to join the network and the first to extend financing solutions across it.
The agreement gives Taurus-NETWORK members access to FalconX’s liquidity, credit and financing capabilities through the network’s infrastructure. FalconX will also support new use cases around collateral management, lending, borrowing and derivatives.
Why does it matter? Taurus-NETWORK is built for institutions that want to trade and settle digital assets without moving collateral to an intermediary.
Members can transact and pledge collateral directly between their Taurus custody environments. Taurus offers an interbank settlement and collateral system with real-time settlement and collateral management capabilities.
That structure addresses a key weakness in crypto market plumbing.
Many institutional trading models still require pre-funding platforms, transferring assets to third parties or accepting counterparty exposure. Taurus’ model keep custody control with the institution while allowing bilateral trading, collateral pledging and settlement across a shared network.
FalconX adds the credit layer on top of that rail.
“We’re pleased to welcome FalconX to Taurus-NETWORK,” Lamine Brahimi, Co-founder and Managing Partner at Taurus, said in a statement shared with AlexaBlockchain.
“FalconX’s proven track record in institutional trading and lending aligns” with Taurus’ goal of building a secure environment where financial institutions can do business while retaining end-to-end control of their digital assets.
FalconX said institutional adoption needs infrastructure that improves trading, financing and collateral workflows across digital assets.
Through Taurus-NETWORK, FalconX said it can extend its liquidity and credit capabilities to a wider set of institutional counterparties and help capital move more efficiently across the digital asset ecosystem.
Taurus launched Taurus-NETWORK in April 2025 with members including Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Misyon Bank and Swissquote. At launch, Taurus said the network connected more than 35 banking institutions across 4 continents and 10 countries.
The network has since expanded.
According to Taurus’ announcement, Taurus-NETWORK now spans more than 40 counterparties across 12 countries and four continents. Members include Swissquote, Arab Bank Switzerland and Capital Union Bank.
The timing is also important for FalconX.
CoinDesk reported on May 28 that FalconX had confidentially filed a draft S-1 registration statement with the US SEC and hired Cantor to advise on a potential IPO. The report said FalconX was last valued at $8 billion in 2022 and serves institutional clients including hedge funds, asset managers and market makers.
For a pre-listing prime broker, the Taurus deal shows a shift beyond trading spreads.
FalconX is building around financing, credit, custody-linked settlement and institutional workflow infrastructure. Those businesses can create more recurring revenue than spot execution alone.
FalconX has already been expanding in that direction.
In August 2025, FalconX expanded Prime Connect with Copper’s ClearLoop for Bybit, allowing direct-market-access clients to trade while keeping assets off-exchange. In December 2025, it added a similar integration for Deribit, targeting derivatives liquidity with off-exchange custody.
FalconX has also moved deeper into regulated investment products.
In October 2025, FalconX agreed to acquire 21shares, a crypto ETP provider managing more than $11 billion across products. Reuters reported that FalconX had facilitated more than $2 trillion in trades and served over 2,000 institutional clients.
The Taurus integration fits a broader post-FTX trend in institutional crypto.
After exchange failures exposed custody and counterparty risks, more infrastructure providers have focused on off-exchange settlement, collateral segregation and bank-grade control over assets. Copper’s ClearLoop, for example, allows settlement between clients and exchanges while funds remain in Copper custody.
Fireblocks has pursued a similar model.
Its Off Exchange product lets trading firms and asset managers trade on centralized exchanges while keeping custody of their assets. Fireblocks said early users allocated more than $100 million to collateral accounts through the product in September 2024.
Traditional finance is moving in the same direction.
DTCC said in April 2026 that its collateral experiment showed tokenized assets, stablecoins, tokenized money market funds and Bitcoin could operate within a unified collateral framework without forcing firms to abandon existing infrastructure.
JPMorgan has also tested tokenized collateral in live market conditions.
BlackRock and Barclays used JPMorgan’s Tokenized Collateral Network for a collateral settlement tied to an over-the-counter derivatives transaction. The system was designed to mobilize collateral without requiring transfer of the underlying asset.
That is why the Taurus-FalconX announcement carries broader market significance.
It shows institutional crypto infrastructure becoming more like the core back-end systems used in traditional capital markets: custody separated from trading platforms, credit added to settlement rails, and collateral managed across regulated counterparties.
For banks, brokers and asset managers, that could be more important than another trading platforms.
The next phase of institutional digital asset adoption may depend less on access to tokens and more on whether firms can finance, pledge, settle and manage collateral without losing custody control.
The above article “FalconX Brings Prime-Broker Credit to Taurus’ Interbank Digital Asset Network” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/falconx-brings-prime-broker-credit-to-taurus-interbank-digital-asset-network/
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Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.
A single dominant wallet offloaded roughly 92% of SIREN’s total supply across two days, collecting $64.8 million in Tether and gutting the BNB Chain AI token.
The SIREN token has lost about 95% of its value in a week after a single whale sold roughly 670 million tokens, near 92% of the total supply, for $64.8 million. The sell-off traced to one dominant wallet draining its position into a thin market.
On-chain intelligence platform Lookonchain first flagged the unwind over the weekend, reporting that the dominant SIREN wallet had taken in 28 million Tether (USDT) from token sales over a 24-hour window. Of that, 25.7 million USDT had already moved to the exchanges Bitget and Bybit, and the wallet still held 478 million SIREN. “The dump isn’t over yet,” the firm wrote. A day later, Lookonchain put the full tally at 670 million tokens, about 92% of the total supply, sold across two days for 64.8 million USDT. Of the proceeds, 25.7 million USDT had moved to exchanges and 39.1 million USDT remained on-chain.
SIREN traded near $0.0562, down about 34% on the day and roughly 95% over the week, per CoinGecko. Its market capitalization has fallen to about $40.9 million. The token reached an all-time high of $3.61 on March 22, putting it down more than 98% from that peak.
SIREN is a BNB Chain meme token launched through the Four.meme platform under the SirenAI branding, per CoinGecko. It carries the trappings of an AI trading-agent project, but trading activity has centered on speculation rather than any live product.
On-chain analyst EmberCN put the controller’s holdings at roughly 94% of total supply, or about 680 million SIREN, sold across two days for about 64.8 million USDT. EmberCN tracked the price falling from about $1.30 to $0.05 over the move, with roughly 200 million tokens flowing to Binance Wallet, Gate and KuCoin and the rest absorbed by hundreds of addresses buying below $0.10.
The token has run hot before. After its March peak it gave back most of those gains, and a later rally carried it back above $1 ahead of the current distribution, per CoinGecko price data.
The collapse ran against a rising broader market, with the total crypto market capitalization near $2.36 trillion and up on the day, per CoinGecko. That left the SIREN drawdown without a macroeconomic, regulatory, or security trigger, a contrast to the breach-driven losses that pushed Q2 to a record for DeFi exploits.
SIREN’s 24-hour trading volume topped $51 million even as the price fell, per CoinGecko, a turnover heavy relative to its shrunken market cap and consistent with forced and panic selling. After the unwind, the controller still held about 39.1 million USDT on-chain, leaving open the question of whether further deposits to exchanges will push the price lower.
XRP spent the past two weeks trying to stop going down. Now it’s trying to go higher.
The token pushed through $1.14, then $1.18, and finally reclaimed $1.20 on the strongest volume since the early-June washout, forcing traders to reassess a market that had been priced for further weakness.
The move came as XRP-specific activity accelerated, with South Korea’s Upbit exchange accounting for a growing share of network flows and institutional demand continuing to build through ETF products.
• Ripple ecosystem activity picked up as traders focused on growing XRP demand across Asia, with Upbit accounting for 31% of XRP wallet-flow dominance by June 14, up from 13% a week earlier.
• XRP ETF products continued attracting capital, extending a run of inflows that has brought cumulative net investment to roughly $1.4 billion since launch.
• Several analysts pointed to bullish RSI divergences and completed correction structures following XRP’s rebound from the $1.05-$1.09 support zone.
• XRP climbed from $1.1425 to $1.2307 during the session, gaining roughly 8%.
• The breakout began during the June 14 21:00 UTC session, when volume surged to 107.6 million XRP and drove price through resistance near $1.14.
Coinbase (COIN) CEO Brian Armstrong believes bitcoin may have bottomed near $60,000.
“My instinct is we probably have bottomed at this point, maybe at the sixty K number, but nobody can say for sure,” Armstrong said in a video posted on X on Monday. He added that he remains long bitcoin and expects prices to be significantly higher by 2030.
“I think bitcoin is the new digital gold,” he said.
Bitcoin traded above $66,000 on Monday, up nearly 3% over 24 hours, after the US and Iran reached a deal to reopen the Strait of Hormuz. The token touched a low near $59,743 on June 5, its weakest level since October 2024, before recovering.
Armstrong pointed to bitcoin’s four-year halving cycle, which has historically alternated between bull and bear markets at roughly regular intervals, as a framework for reading the current drawdown. Bitcoin is now roughly 50% below its October 2025 all-time high near $126,000.
The Coinbase chief also said last week that the drop in bitcoin’s price was masking broader health in the crypto market. “Derivatives, stablecoins, prediction markets are all up,” he wrote on X on June 5. “It will take some time for this to sink in.”
Standard Chartered Global Research initiated coverage of Uniswap, with Geoff Kendrick framing the decentralized exchange as the trading hub for tokenized real-world assets and setting a $100 UNI price target for end-2030, roughly 40x current levels.
Standard Chartered’s research division initiated coverage of Uniswap, the largest decentralized exchange, with a thesis that ties its governance token to the institutional tokenization wave. The bank’s Geoff Kendrick, global head of digital assets research, argues Uniswap is positioned to become the trading hub for tokenized real-world assets as banks move them on-chain.
The note, dated June 15, carries a price target of $100 for UNI by the end of 2030, a roughly 40-fold move from the $2.70 level where the token traded on Monday. Kendrick projects the token will outpace both Ether and Bitcoin over the period. The forecast rests on a structural call: that tokenized assets on-chain will swell to $4 trillion by the end of 2028, and that a rising share of that base will route through DeFi venues for which Uniswap is the default infrastructure.
Kendrick’s case begins with the supply of tokenized instruments. Standard Chartered expects the on-chain stock of tokenized real-world assets, excluding stablecoins, to reach $2 trillion by 2028, with tokenized money-market funds and U.S. equities leading the expansion. Adding stablecoins lifts the total tokenized base to roughly $4 trillion over the same window.
The second leg is DeFi capture. Kendrick estimates that about 3.5% of tokenized assets currently sit inside DeFi protocols, and projects that share will climb to 30% by 2030. On those assumptions, total value locked in DeFi would reach $2.7 trillion by the end of the decade, a 37-fold increase from current levels. The bank frames the inflow as the next wealth-creation phase in digital assets, with DeFi protocols the primary beneficiaries.
The report singles out Uniswap on the grounds of scale, brand and longevity. Kendrick points to the exchange’s operating history across multiple market cycles and its recognition among institutions that will prioritize security and trust when settling tokenized assets on-chain.
The on-chain data tracks the argument. Uniswap’s V4 and V3 deployments together cleared more spot volume than any other decentralized venue over the past week, with Uniswap V4 alone turning over $5.35 billion in seven days, per DefiLlama. The protocol holds $2.88 billion in total value locked across Ethereum, Base, Arbitrum and other chains. Ethereum accounts for about 68% of that base.
Kendrick also flags a valuation argument. He notes that if Uniswap signs enough partnerships with traditional financial firms to expand commercialization, the gap between its market value and its fee revenue could narrow, and its valuation discount to Coinbase could shrink. UNI carries a fully diluted valuation of about $2.4 billion, against a circulating market capitalization near $1.68 billion.
The report does not treat the path as automatic. Standard Chartered cautions that tokenization alone does not guarantee liquidity, and that issuing the same asset across multiple chains in different formats can fragment markets and create price discrepancies. That fragmentation risk is the gap between the tokenized-supply forecast and the trading-volume thesis that underpins the UNI target.
The $100 figure also remains one bank’s projection, and a far more aggressive one than most. UNI trades about 94% below its May 2021 record of $44.92 and is down roughly 23% over the past 30 days, leaving the target well above where the token has traded at any point in nearly three years.
The initiation lands amid a run of bank research framing tokenization as a multi-trillion-dollar shift. Citi this month projected a $5.5 trillion tokenized-securities market by 2030, anchored on tokenized Treasuries, equities and a $1.9 trillion stablecoin float. Standard Chartered’s own digital assets team in April called the aftermath of the Kelp exploit DeFi’s “antifragile moment,” arguing structural fixes left the sector stronger.
Uniswap is already appearing in institutional plumbing. Fidelity’s dollar stablecoin deployed liquidity into Uniswap and Curve pools this month, an early instance of the TradFi-to-DEX routing Kendrick’s thesis describes. The report is a gated institutional note; Standard Chartered has not published a public version.
Bitcoin (BTC) chart technicals suggest that the BTC price rebound to $100,000 may still happen by September.
BTC/USD daily chart. Source: TradingView
Key takeaways:
BTC rebounded 13.25% from its local low below $60,000, as a preliminary truce between the US and Iran revived risk appetite across global markets.
The recovery pushed BTC back toward $67,000 on June 15, tracking a broader relief rally in risk assets after the geopolitical breakthrough pressured oil prices lower and reduced near-term inflation fears.
Now, the three-day Bitcoin chart is flashing a potential double-bottom reversal near the $60,000 support zone.
BTC has rebounded from the $60,000 area for the second time in 2026, strengthening the case that buyers are defending the same demand region that previously supported the market during earlier corrections.
BTC/USDT three-day price chart. Source: TradingView
The first bottom formed near the March low, while the latest rebound came after a sharp June sell-off that briefly pushed Bitcoin back toward the same level. As long as BTC holds above the $60,000 support, the double-bottom structure remains active.
The setup’s neckline sits near $81,000, where Bitcoin previously stalled before the latest leg down.
A decisive close above that level would confirm the double-bottom pattern and open the door to a measured move toward $108,000 by August or September, or over 60% from current price levels.
Bitcoin’s weekly chart is showing a bullish divergence between price and the relative strength index (RSI) momentum indicator.
BTC recently made a lower low near the $60,000–$65,000 support zone, but its weekly RSI formed a higher low. That shows sellers pushed the price lower, albeit with less momentum.
BTC/USD weekly chart. Source: TradingView
A similar divergence appeared near Bitcoin’s 2022 bear-market bottom, when RSI recovered before price followed with a multi-month rebound.
In a Monday post, analyst Jelle said Bitcoin may act “similarly to late 2022 in the coming months.”
The current setup now strengthens Bitcoin’s double-bottom case near $60,000. BTC still needs confirmation, with the first big resistance levels near the 20-week EMA at $74,500 and the 50-week EMA around $82,500.
Reclaiming those levels would increase the probability of a summer recovery toward $100,000. While a weekly close below $60,000 would weaken the bullish setup.
Bitcoin’s short-term chart still leaves room for another downside move before the broader bullish reversal setup confirms.
BTC is testing a resistance confluence formed by the bear flag’s upper trend line and the 20-day EMA (green) near $66,700.
Related: Bitcoin analysis warns over BTC price rejection as $67K approaches
A rejection from this zone could send the price back toward the flag’s lower trend line near $63,600, keeping Bitcoin trapped inside its bearish continuation structure.
BTC/USD daily price chart. Source: TradingView
A decisive daily close below that lower trend line would confirm the bear flag breakdown. Based on the height of the previous sell-off, the measured downside target is $53,850, or about 20% below current prices.
Declining volume during the flag’s formation increases the chances of this scenario, as weak participation often signals that the rebound is corrective rather than impulsive.
The bearish short-term setup also aligns with elevated selling from Bitcoin whales.
CryptoQuant analyst Darkfrost noted that whale inflows to Binance rose sharply after BTC’s latest correction. Large holders sent an average of 3,200 BTC per day to the exchange over the past month, up from 1,200 BTC at the end of April.
Binance inflows by whales holding over 100,000 BTC. Source: CryptoQuant/Darkfrost
“This trend suggests that many large holders increased their selling activity, or at least their willingness to sell, during the recent downturn,” he wrote in a Monday note.
Some of the fighters in Sunday’s Ultimate Fighting Championship (UFC) event on the White House lawn will be paid bonuses in stablecoins issued by the Trump family crypto company World Liberty Financial.
On Monday, World Liberty confirmed that UFC would pay up to $250,000 in bonuses using USD1, the US dollar-pegged stablecoin issued by the company. UFC had previously made a similar announcement before the event.
The price of USD1 jumped above $1 on June 12 and remained there, according to CoinMarketCap data at last look. Trading volume in the past 24 hours was up more than 93%, at $2.38 billion.
World Liberty Financial’s USD1 has traded below $1 for most of the past month. Source: CoinMarketCap.
The “UFC Freedom 250” event, strongly criticized by many in Congress for its reported $60 million price tag, was held on the south lawn of the White House as part of events planned for the country’s semiquincentennial. Sponsors included World Liberty, prediction markets company Polymarket and cryptocurrency exchange Crypto.com, which said it would offer $1 million in bonuses for fighters with its Cronos (CRO) token.
World Liberty, launched in 2024 by members of the Trump family and some others since linked to his administration, has been at the center of controversy around corruption claims targeting the president. In May 2025, a UAE company said it planned to use the USD1 stablecoin to settle a $2 billion investment in Binance. World Liberty also has an application pending with the US Office of the Comptroller of the Currency for a national trust charter.
Related: Trump says Iran peace deal to be signed Sunday, contradicting Tehran
Trump’s financial disclosures filed in January 2025 listed his holdings in World Liberty as worth more than $50 million. Last year, he also signed the GENIUS Act into law, establishing a framework for payment stablecoins in the US amid similar criticism from many Democratic lawmakers over potential conflicts of interest.
“There seems to be no limit to Donald Trump’s self-dealing,” said Jaelin O’Halloran, a spokesperson for the Democratic National Committee, in response to the UFC announcement. “Trump never misses an opportunity to use the power of the presidency to make himself and his family even richer.”
White House spokesperson Davis Ingle told Cointelegraph that “there are no conflicts of interest,” saying that Trump’s assets “are in a trust managed by his children.”
In April, Tron founder Justin Sun, a Trump supporter and one of the largest holders of the president’s TRUMP memecoin, filed a lawsuit against World Liberty, alleging that the company froze his tokens and threatened to destroy them “without any proper justification.” Sun said he would continue to support Trump and the administration’s crypto policies, though World Liberty countersued the Tron founder weeks later.
Magazine: Crypto scammers face death, Aussie CGT makes Asian hubs attractive: Asia Express
Much of the activity has occurred on offshore exchanges, including fast-growing platforms such as Hyperliquid, which has attracted professional traders seeking deep liquidity and continuous access to leveraged markets. Prediction market Kalshi, which introduced perps on its platform earlier this month, saw over $1 billion in trading volume within just one week.
The debut comes weeks after the CFTC signaled that regulated platforms could offer perpetual futures. In May, the agency approved Kalshi’s bitcoin perpetual contracts and issued guidance that also cleared a path for Coinbase (COIN) to connect U.S. customers to global options and perpetual markets.
Kraken has been building toward the introduction through a series of derivatives-focused acquisitions and product releases. The company acquired NinjaTrader in May 2025 and Bitnomial a year later to gain regulated futures infrastructure. It recently added CME-listed crypto futures and margin trading for U.S. customers.
Kraken’s head of derivatives John Palmer told CoinDesk last week that adoption may mirror the trajectory of spot bitcoin exchange-traded funds (ETFs), with sophisticated traders entering first before investment advisers and asset managers follow after completing internal reviews.
At launch, Kraken’s perpetual futures cover major cryptocurrencies including BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC and AVAX. The company said it plans to expand the range of contracts and collateral options over time.
Kraken has switched on perpetual futures trading for eligible U.S. clients on Kraken Pro, bringing the most-traded crypto derivatives product under domestic regulatory oversight for the first time at scale.
The contracts are listed on Bitnomial, a CFTC-licensed exchange, clearinghouse, and brokerage that Kraken’s parent company, Payward, acquired earlier this year. The launch gives U.S. traders access to perpetual futures — a product that generated more than $60 trillion in global trading volume in 2025 — within the CFTC’s regulatory perimeter, on a platform they can use alongside spot, margin, and CME-listed futures.
Perpetual futures track the price of an underlying asset without an expiration date. Unlike standard futures contracts, positions require no rollover and can remain open as long as margin requirements are met. The structure gives traders sustained leveraged exposure, long or short, to assets they do not hold in custody.
To keep contract prices anchored to spot markets, Kraken’s perpetuals use an 8-hour funding rate mechanism. At 7 p.m., 3 a.m., and 11 a.m. CT each day, long and short position holders exchange funding payments. When the perpetual price sits above spot, longs pay shorts; when below, shorts pay longs, the company said.
The launch rests on Bitnomial, which holds the full stack of U.S. derivatives licenses — exchange, clearinghouse, and brokerage. Payward closed the Bitnomial acquisition in May of this year, one year after completing its purchase of NinjaTrader in May 2025.
Those two acquisitions gave Kraken the regulated infrastructure needed to offer perpetuals within a domestic venue.
Perpetual contracts on Kraken Pro sit in the same futures wallet as existing CME-listed products, meaning traders can manage both CME futures and crypto perpetuals against a single pool of collateral. That structure removes the need to hold capital across multiple venues to fund separate positions.
Arjun Sethi, Co-CEO of Payward and Kraken, framed the offering around operational efficiency:
“The most useful thing an exchange business can do for a serious trader is to put everything in one place. Spot, margin, futures and now perpetuals all live in the same account at Kraken, with perpetuals and futures backed by the same collateral so capital isn’t stranded across half a dozen venues.”
At launch, eligible U.S. clients can trade perpetual bitcoin and eight other assets. Kraken has said it intends to expand both the contract set and available collateral options over time.
Products are offered through NinjaTrader Clearing, LLC, doing business as Kraken Derivatives US, a CFTC-registered Futures Commission Merchant.
The launch follows a CFTC signal in May that opened the door for regulated platforms to offer perpetual futures.
The agency approved Kalshi’s bitcoin perpetual contracts that month and issued guidance that also created a path for Coinbase to connect U.S. customers to global options and perpetual markets.
Kalshi saw more than $1 billion in perpetual trading volume within its first week of offering the product.
