XRP Holds Near $1.15 as Ledger 3.2.0 Cuts Memory 40%, CLARITY Act Stokes Supply Talk

Crypto News

Strategy Chairman Michael Saylor pushed back this week, defending the firm’s long-term playbook after Bitcoin’s latest pullback and a fresh round of rumors about the company’s balance sheet. Saylor reminded the market that in October 2022, with BTC trading near $20,000, the firm was holding 130,000 BTC when the price slid to $16,000 — a stretch in which its debt briefly exceeded reserves by roughly $300 million. The company never blinked through that bear market, he said, going on to raise more than $60 billion in capital since 2022 and add another 716,000 BTC. The comments landed shortly after Strategy’s STRC product slipped from its $100 peg.

On the regulatory front, U.S. Securities and Exchange Commission member Hester Peirce confirmed she will step down this November. Widely known across the industry as “Crypto Mom,” Peirce noted that her term technically expired on June 5, 2025, and that the law would have let her stay through early December 2026 — but she chose to leave early. After her exit she will join Regent University School of Law as an associate professor. Her departure leaves only Chairman Paul Atkins and Mark Uyeda at the agency. Tapped to lead the SEC’s Crypto Task Force in early 2025, Peirce also stressed that the much-discussed “innovation exemption” has yet to be published.

Among institutions, Wall Street’s blockchain pilots are picking up speed. Citi, Mastercard, Visa, DTCC and several major U.S. banks are testing new systems for stablecoin settlement, tokenized deposits and asset transfers. Mastercard said it will add stablecoin settlement options for issuers and payment firms in June, while Visa is running private settlement trials with Brale on the Canton Network. JPMorgan Chase, Citigroup, Bank of America, Wells Fargo and The Clearing House are building a bank-led tokenized deposit network targeted to go live in the first half of 2027. SoFi, meanwhile, has launched its own stablecoin, SoFiUSD.

Security made headlines too, with a striking exploit on Ethereum. Jaredfromsubway.eth, one of the network’s best-known MEV bots, lost more than $7.5 million in assets on Saturday. According to security firm Blockaid, the attacker used contracts under their own control to fool the bot’s automated trading logic, spinning up fake Wrapped Ether, fake USDC and fake USDt routes so the system believed it had spotted a profitable opportunity. That let the attacker harvest still-open token spending approvals and drain the funds via the transferFrom method. The incident was described not as classic phishing or a contract bug, but as a trap aimed squarely at the bot’s automated decision-making. On-chain data shows sandwich attacks cost Ethereum roughly $60 million a year.

A large token unlock also stood out among on-chain flows. On-chain data shows that about three hours ago, a total of 21 million LINK moved out of four of Chainlink’s non-circulating supply addresses, with the tokens valued at roughly $166 million at current prices. Some 18.37 million of those tokens, worth about $145 million, were sent to the Binance exchange, while the remaining 2.625 million LINK — around $20.8 million — went to a multisig address. These quarterly unlocks, which typically run between 10 million and 20 million LINK, see a portion of the tokens later routed to a staking reward distribution contract for payout to users.

Physical security risks stayed in focus as well. In Minnesota, brothers Isiah Angelo Garcia and Raymond Christian Garcia, who held a family at gunpoint, pleaded guilty to a roughly $8 million crypto robbery carried out in September 2025. Prosecutors say the pair confined the victim’s wife and son in their home for about nine hours, then drove the victim to a cabin about three hours away and forced him to transfer his crypto holdings. Both men face up to 20 years in prison and have agreed to pay more than $8 million in restitution. Authorities note that physical attacks targeting digital-asset holders rose 75 percent in 2025 from the prior year.

Taken together, these six developments show a crypto market advancing between institutional buildout and persistent security and regulatory risk: Wall Street infrastructure bets and Strategy’s balance-sheet moves on one side, MEV exploits, token unlocks and physical robberies on the other. By COINOTAG’s own aggregate market data the picture is cautious — the Fear & Greed Index sits at 23, in “Extreme Fear,” BTC dominance is 70.1 percent and total market cap stands at $1.84 trillion. Per COINOTAG’s composite support/resistance data (as of 11:23 UTC), BTC is holding near $64,000, with $62,500 marked as critical support and $66,000 as first resistance; derivatives open-interest data points to thinner leveraged positioning and funding rates hovering near neutral. In that setup, altcoin liquidity remains pressured by elevated dominance, while hopes for a fresh all-time high hinge on regulatory clarity and institutional flows.