txd102023

txd102023

Wallet onchain. Noise off.

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txd102023
txd102023
$XRP at $1 looks interesting to me. Whales reportedly accumulated 72M XRP, while network activity is picking up despite the weak price. The key levels are $0.87 support and $1.06 resistance. If XRP holds $0.87 and breaks $1.06, I think a recovery could gain momentum. Still, institutional inflows have slowed sharply, so I’m not calling a bottom yet. Whale accumulation is bullish, but XRP needs price confirmation. Not financial advice.
txd102023
txd102023
$BTC dropping toward $63K looks increasingly fragile to me. Thin trading volumes, weak ETF flows, and high open interest create a setup where a liquidation cascade could hit hard. For now, $60K is the key support, while $65K remains the level bulls need to reclaim. Regulatory uncertainty is another major headwind. Personally, I’d stay cautious here. Losing $60K could turn this pullback into something much deeper. Not financial advice.
txd102023
txd102023
Bullish holding nearly 20,000 BTC through the downturn is a strong signal of growing corporate conviction in Bitcoin. More companies are treating BTC as a long-term treasury asset rather than a short-term trade. In my view, the key thing to watch is whether Bullish keeps accumulating. If corporate buyers continue locking up supply during the bear market, it could become a major long-term bullish factor for Bitcoin. Not financial advice.
txd102023
txd102023
$ENA is getting interesting. The FalconX deal gives Ethena a fresh institutional catalyst, while ENA is holding above key short-term support. For me, $0.098–$0.10 is the key zone. A clean breakout could push ENA toward $0.13, while losing $0.07 would weaken the bullish setup. I’m bullish but not chasing yet. $0.10 needs to break with volume before I’d call this a real breakout. Not financial advice.
txd102023
txd102023
Velvet $VELVET surged 30.60% to $0.524, massively outperforming the broader crypto market as strong momentum buying continued to drive the token higher. The main driver is sustained speculative momentum. VELVET has gained more than 400% over the past week, attracting trend-following traders and fueling further upside. No clear fundamental catalyst, such as major news or partnerships, was visible. The rally appears largely driven by market momentum and relatively thin liquidity, which can amplify price swings. Key support sits at $0.50. Holding above this level could allow VELVET to retest the $0.53 area and potentially move higher. A break below $0.45 would suggest momentum is fading and could trigger a sharper correction. Market outlook: Bullish but extended. VELVET remains in a strong uptrend, but after such a rapid rally, volatility and profit-taking risk are increasing. The key thing to watch is whether volume continues to support the move above $0.53.
txd102023
txd102023
Humanity Protocol (H) plunged after a roughly $36 million bridge exploit forced the team to halt cross-chain bridge operations, causing the token to lose nearly 90% from recent levels. The attack was caused by malware on a developer's laptop that exposed seven private keys. This gave the attacker control over bridge infrastructure on Ethereum and BNB Chain, allowing the theft or minting of roughly 447 million H tokens. The team emphasized that no smart contract vulnerability was involved—the issue was compromised private keys. In response, Humanity suspended bridge deposits and withdrawals, launched an exploiter tracking dashboard, and announced a 1 million USDT bounty. However, the attacker still controls key permissions on the BNB Chain deployment, making that side of the system particularly vulnerable. Additional concerns include a large token unlock scheduled for June 25 and growing scrutiny over the project's key management and governance practices. H remains down more than 70% over the past week despite a small rebound. Market outlook: Bearish. Confidence has been severely damaged, and recovery depends on securing bridge infrastructure, addressing governance concerns, and managing upcoming token supply pressure. Key things to watch are the June 25 unlock, progress on fund recovery, and any updates on restoring bridge security.
txd102023
txd102023
U.S. inflation accelerated to 4.2% in May, the highest level in three years, as rising energy prices pushed headline CPI well above the Fed's 2% target. The main driver was a sharp increase in oil and fuel costs linked to Middle East tensions, with higher transportation and energy expenses feeding into the broader economy. However, core CPI came in at 2.9%, with monthly growth of just 0.2%, suggesting underlying inflation pressures remain relatively contained despite the surge in headline inflation. The report creates a difficult situation for the Federal Reserve. Higher headline inflation supports keeping policy tight, while softer core data argues against aggressive rate hikes. Market outlook: Cautiously bearish for risk assets. Elevated inflation could delay future rate cuts and pressure stocks and crypto, while the June 17–18 FOMC meeting is now the key event to watch for clues on the Fed's next move. #USCPIHot4.2CoreCools
txd102023
txd102023
Bitcoin ETFs recorded $77M in net outflows on June 9, while capital rotated into altcoin ETFs. XRP ETFs attracted $7.4M in inflows, bringing total cumulative inflows to $1.43B, while SOL ETFs also saw fresh buying interest. The shift suggests institutions are gradually diversifying beyond BTC and ETH, seeking exposure to higher-growth altcoins. If this trend continues, XRP and SOL could outperform the broader crypto market in the near term. Market outlook: Bullish for XRP and SOL, neutral-to-bearish for BTC and ETH as institutional flows rotate toward altcoin ETFs. #USCPIHot4.2CoreCools
txd102023
txd102023
Zcash (ZEC) is preparing the Ironwood upgrade, a major network change designed to restore confidence in ZEC's supply integrity while preserving transaction privacy. The upgrade introduces a new shielded pool and a "turnstile" mechanism that allows anyone running a node to independently verify that the total ZEC supply is correct. This addresses concerns raised by a recently patched vulnerability in the Orchard pool that could theoretically have allowed counterfeit ZEC to be created undetected. Under Ironwood, funds will migrate from the existing Orchard pool into the new shielded pool through an on-chain accounting process. This system ensures that no more ZEC can be withdrawn than was legitimately deposited, enabling transparent supply verification without sacrificing privacy. The proposal comes after developers fixed a critical Orchard bug that created uncertainty about whether the circulating supply could have been compromised. While the vulnerability has already been patched, Ironwood aims to eliminate lingering doubts by making supply verification possible for all network participants. Mainnet activation is currently targeted for late July 2026. The most important period will be the migration phase, when users, wallets, exchanges, and infrastructure providers move funds into Ironwood. Any discrepancies discovered during this process could impact confidence in the network. Overall, Ironwood represents an effort to combine Zcash's privacy features with verifiable scarcity. If the migration proceeds smoothly and audits confirm supply integrity, the upgrade could significantly strengthen Zcash's long-term credibility.
txd102023
txd102023
Allora (ALLO) gained 4.09% to $0.426, outperforming a weak crypto market where Bitcoin fell 3.02%. The move appears to be driven by strong speculative interest and AI-sector momentum rather than any specific project-related catalyst. Trading activity was exceptionally high, with 24-hour turnover reaching nearly 298% of market cap, highlighting intense retail participation and momentum trading. Notably, ALLO rose despite broader market weakness, suggesting traders are targeting it for short-term alpha opportunities rather than following overall market direction. From a technical perspective, the key support zone is $0.40–$0.425. As long as ALLO remains above this area, a retest of the $0.48 resistance level is possible. A breakdown below $0.40 could trigger a correction toward $0.36. Overall, the outlook remains cautiously bullish. The trend is supported by strong volume and relative strength, but the lack of a clear fundamental catalyst means momentum could fade quickly if trading activity slows or market sentiment deteriorates. The key level to watch is whether ALLO can hold above $0.40 while maintaining elevated volume.