Bitcoin spot ETFs recorded net outflows every week and every day throughout June. The streak highlighted persistent redemptions and contributed to a weaker market tone over the month.

XRP slipped to $1.0405. The session low of $1.0116 was the weakest level since June 5.

BitMEX co-founder Arthur Hayes says the AI boom has soaked up capital that would otherwise have powered the current crypto cycle. He argues that if an AI bubble bursts, that money could rotate sharply into crypto. The thesis rests on AI-driven capital eventually flowing back into digital assets.

Ripple’s dollar-backed stablecoin RLUSD is now legally available in Japan through SBI VC Trade. The token is being offered via the firm’s licensed VCTRADE platform to both institutional and retail users.

Grayscale says revenue-generating crypto protocols are trading at unusually low multiples. It argues these valuations create attractive entry points.

21Shares maintains a $100K year-end base case for Bitcoin in its mid-year report. The firm also highlights $54,000 as Bitcoin’s aggregate cost basis, a level it says the price has not fallen below in this cycle. It characterizes the pullback as a more mature correction rather than a panic-driven collapse.

XRP is retesting the $1.09-$1.10 support zone, with $1.05 marked as the next level below. For seven straight days, more XRP transactions have left Binance than entered it. XRP held on Binance has declined from about 3.25B to 2.69B over the past year. The setup pairs a bearish-looking chart with sustained movement of coins off the exchange.

Bitcoin balances held on OTC desks have dropped to an all-time low near 150K BTC. The decline points to a shrinking pool of readily available supply.

Thursday, June 25 is set to be the busiest day of the week for US macro releases that can sway crypto markets. May PCE—the Federal Reserve’s preferred inflation gauge—arrives that morning. Final Q1 GDP, durable goods orders, and initial jobless claims are due the same day. A hotter inflation reading could reduce rate-cut expectations and weigh on risk assets such as Bitcoin.