Crypto analyst Phila says Bitcoin has broken a support level that held for 14 years, after BTC fell below the $80,000 psychological mark. He argues the move reflects capitulation and suggests a potential drop toward $55,000, with $50,000 also "on the table." Bitcoin was last quoted around $77,500 over the past 24 hours.

The U.S.-Iran war is nearing the three-month mark with no deal in place, while President Donald Trump has warned a new U.S. attack on Iran could occur in the coming days. Iran has also launched a Bitcoin-backed shipping insurance product, as oil stays above $100 per barrel and Bitcoin trades around $77,000.

CME Group and Nasdaq plan to roll out the Nasdaq CME Crypto Index Futures on June 8, with XRP included in the index basket. The cash-settled, market-cap-weighted contract is designed to provide institutional investors regulated exposure to multiple digital assets through a single futures product.

A pseudonymous analyst, @Whiplash437, said the US Digital Asset CLARITY Act contains provisions that could affect XRP, Ripple, and Ripple's stablecoin RLUSD. The post focuses on Sections 105, 110, 401, and 404, covering potential commodity treatment for XRP, compliance rules for digital-commodity intermediaries, bank use of digital assets, and limits on stablecoin yield payments.

On-chain activity suggests Tom Lee-chaired BitMine Immersion Technologies added 89,026 ETH, valued at about $197.64 million, via four newly created wallets. The transfers were split across Kraken and FalconX, and came as ETH traded around the $2,100–$2,300 range. BitMine previously reported holding 5,206,790 ETH and said it has been moderating buys while pursuing a long-term goal of owning 5% of Ethereum's supply.

Bitcoin's long-term holder supply has risen to 15.26 million BTC, a level last seen in August 2025, as roughly 316,000 BTC aged into LTH status over the past 30 days. The data suggests more coins are moving into wallets held for about six months or longer while BTC trades around $80,000, with market participants split on whether price breaks down or recovers.

DeFi Development Corp., a Nasdaq-listed company focused on holding Solana as a treasury asset, said its fully converted SOL per share rose 108% over the past year. The metric increased from 0.0322 on May 13, 2025, to 0.0670 on May 13, 2026, based on the firm’s reported SOL holdings and fully converted share count.

Dogecoin (DOGE) has moved back into oversold territory as volatility rises and price action remains weak, with one analyst pointing to past instances where this condition aligned with cycle lows. On May 12, Cryptollica said DOGE entered the weekly RSI oversold zone and argued a base could be forming near $0.10, while his chart also shows a $5 upside target from around $0.115.

Santiment data indicates XRP Ledger addresses holding at least 10,000 XRP climbed to a new record of 332,230, even as XRP remains about 60% below its all-time high. The cohort saw more than 4,500 wallets drop between February 6 and 8, 2026, before rebounding later in February and pushing past January’s prior peak.