HYPE Soars to New ATH: Is a Mega Crash Coming?

This surge has made HYPE the fifth-largest cryptocurrency by global futures open interest, trailing only XRP, Ethereum, Bitcoin, and Solana. According to CoinGlass data, the dollar value of open HYPE futures positions, both perpetual and dated, has risen to $2.06 billion.

Will the Fed Cut Rates or Just Cut the Drama? Find Out Now! 😏

As the global markets prepare for a melodrama worthy of the finest theatre, the Bank of Japan, Riksbank, and our beloved U.S. Federal Reserve are poised to unveil their latest decisions on interest rates. The Fed’s grand meeting is scheduled for June 18, and according to CME’s Fedwatch tool, the odds of a quarter-point cut are as rare as a unicorn sighting—merely 0.1%. A staggering 99.9% of CME’s futures are wagering that the central bank will keep the federal funds rate as it is, much like a stubborn mule refusing to budge.

Why is XRP Price Going Up Today?

In the wake of the recent market turmoil, courtesy of the Israel-Iran debacle, our dear XRP has not only dusted itself off but has also doubled its trading volume, as if it were preparing for a grand ball. It has not merely erased the losses from last week’s dramatic selloff but has gallantly reclaimed its throne around the $2.30 mark. Bravo, XRP! 👏