Crypto Market Today: Top Headlines You Need to Know – Crypto News

The crypto market is experiencing sharp price swings, whale selloffs, and legal developments involving major players. Bitcoin remains in a bearish pattern, while investor sentiment continues to shift amid macroeconomic concerns and liquidity issues. Below is a comprehensive update on the most important developments in the crypto world.

Bitcoin in Bear Territory and Altcoins Slide

Since late March 2025, Bitcoin has remained below the simple moving average of 200 days. This is considered to point to bearish sentiment in the crypto market. Based on the Coinbase monthly report on the market outlook as of April, the crypto market might continue to be pressured until Q3 this year.

As of the most recent report, BTC price was valued at $84,336.30, just 0.4% up from the previous day. The daily volatility ranged from $83,592.79 to $85,311.80. On the other hand, Ethereum closed at $1,588.68 after a 1.1% dip. Other digital currencies also went down; Cardano dropped to $0.6130, while SUI dropped to $2.11. Concurrently, XRP price has also swayed between a weekly high and low of $2.25 and $2.07.

Solana defied the broader crypto market trend by gaining 3.7%, trading at $132.69. The altcoin experienced a daily low of $124.95 and a high of $133.60. Janover, a fintech company, doubled its Solana holdings, spending $10.5 million on an additional 80,567 tokens. The firm plans to stake the assets to earn rewards and expand its digital treasury strategy.

Dogecoin Whale Sell-Off and OM Token Collapse

Large holders of Dogecoin sold over 570 million DOGE tokens this past week. This sell-off caused DOGE’s price to drop 7.2%, falling from $0.1680 to $0.15594. On-chain data from Santiment shows these whales held between 10 million and 100 million DOGE each.

Meanwhile, the OM token from Mantra crashed by more than 90% on April 13, falling from $6.30 to below $0.50. Bitget CEO Gracy Chen noted that concentrated holdings and poor weekend liquidity led to forced liquidations. She said, “The OM token crash exposed several critical issues that we are seeing not just in OM, but also as an industry.”

The OM collapse triggered concerns about liquidity risks during low trading periods. It has drawn comparisons to past black swan events such as the Terra-Luna crisis.

Ripple and SEC Enter Pause for Settlement Talks

The ongoing legal proceedings in the Ripple Labs case against the U.S. Securities and Exchange Commission have come to a halt. An appeals court granted a motion to stay the proceeding while the plaintiff sought a resolution through negotiation with the defendant. The talks should be updated with the SEC latest update by 15th June.

Ripple has been involved in regulatory issues since 2020 regarding the sale of XRP that was allegedly an unregistered security. The current cessation could be a strategy of the involved parties or the legal advisory given that no final decision has been made up to now.

Elsewhere, the state of Oregon has filed a securities enforcement action against Coinbase. The complaint echoes charges brought by federal regulators in 2023, which were later dropped earlier this year.

Security Risks and New Institutional Moves

Kenny Li, co-founder of Manta Network, said he was the target of a phishing attack using a manipulated Zoom meeting. Li reported that the attackers used real recordings of people he knew but lacked audio and prompted him to download a suspicious file. He immediately left the call and asked for verification via Telegram, after which the attacker erased all messages.

Federal authorities in the U.S. continue to pursue legal action against former SafeMoon CEO Braden John Karony. The Justice Department’s recent memo called for reduced use of enforcement through prosecution, but prosecutors in New York said they intend to proceed with charges including fraud and money laundering.

Semler Scientific, a healthcare technology firm, reported a $41.8 million paper loss on its Bitcoin holdings as of Q1 2025. Despite this, the company plans to issue up to $500 million in new securities to fund more Bitcoin acquisitions. The firm held 3,182 BTC valued at over $263 million by the end of March.

Crypto Industry Growth and Regulatory Shifts

VanEck announced the launch of a new ETF called NODE, which aims to offer exposure to companies in the digital asset space. NODE will be actively managed and include 30 to 60 stocks linked to exchanges, miners, and blockchain infrastructure.

Meanwhile, OKX is expanding into the U.S. with a phased launch of its trading platform and a Web3 wallet. The exchange is opening a new headquarters in San Jose and publishing proof-of-reserves reports monthly to build user trust.

Federal Reserve Chair Jerome Powell recently commented that a “loosening” of crypto rules for banks may come soon. Speaking at The Economic Club of Chicago, he said regulators had taken a cautious approach but now see the crypto market gaining mainstream attention.

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