Kraken moves HQ to Wyoming, cites regulatory environment

Toncoin (TON) has been quietly building strength, defending the $2.80–$2.95 support zone with remarkable consistency. After weeks of consolidation, the recent break above a falling trendline has caught traders’ attention, hinting at a possible shift in momentum. As TON coils just above this key structure, the stage may be set for a breakout — one that could ignite fresh upside if bullish pressure continues to build.

Buyers Defend Key Levels On The Chart

In a recent post on X, Alts King pointed out that TON is showing notable strength as it continues to hold above the $2.80–$2.95 support zone. This range has acted as a reliable floor for several weeks, with buyers consistently stepping in to defend it.

Furthermore, Alts King further observed that a falling trendline, which has long constrained TON’s price action, has now been broken. This technical breakout could mark the early stages of a trend reversal, opening the door for a more sustained bullish move.

Looking forward, Alts King believes that if the support zone continues to hold firm, TON may be setting up for a potential rally toward the $6.87 level. To validate this bullish thesis, Alts King recommends watching for the formation of higher highs and higher lows on shorter timeframes. These structural patterns are key indicators of healthy upward movement and would confirm growing confidence among market participants as TON tries to shift out of its consolidation phase.

Resistance Zones That May Test TON Momentum To $6.87

As TON begins to show signs of renewed strength, its path toward the $6.87 target isn’t without resistance. One of the first major hurdles lies around $3.04, a support level turned into resistance during the last sell-off. Price action near this range has already shown hesitation in the past, making it a critical level for bulls to reclaim convincingly.

Above that, the $4.54 level could serve as the next challenge. This zone aligns with prior swing highs and consolidations seen on the daily chart, where TON was previously rejected before resuming downward movement. Breaking through this level would require strong volume and confirmation, especially as traders may look to take profits from lower entries near the $2.80 support base.

Finally, before TON can reach the anticipated $6.87 resistance, it must clear the psychological barrier around $6.00, which also coincides with a rounded top structure observed during a prior rally. This level may attract selling pressure from short-term traders aiming to lock in gains. However, only with sustained bullish momentum and the formation of higher highs can TON overcome these layers of resistance and build a real case for a breakout beyond $6.87.

U.Today presents the top three news stories over the past day.

XRP skyrockets 8,466% in abnormal liquidation imbalance

Yesterday, June 19, XRP saw an unusual spike in liquidation imbalance; in the course of 12 hours, the long-short ratio increased by 8,466%. CoinGlass data shows that during this time, XRP's total liquidations constituted $514,000, with $508,040 coming from long positions, and the remaining $6,565 from shorts. Notably, all of this occurred while XRP's price remained relatively stable; the asset was trading within a narrow range, opening near $2.14998 and closing around $2.15417. Overall, the XRP price posted a small net gain of just 0.2%. The large loss on long positions suggests traders were caught off guard by a small price drop, triggering stop-outs on highly leveraged long contracts. The few short liquidations indicate a bullish bias, which proved unsustainable as XRP mostly held its ground.

"Rich Dad Poor Dad" author: Bitcoin will be $1 million per coin

Robert Kiyosaki, prominent businessman and author of bestselling book "Rich Dad Poor Dad," has recently taken to X platform to discuss the importance of price versus quantity. He predicted that by the year 2030, Bitcoin could reach $1 million per coin. Kiyosaki emphasized that investors should focus more on the amount of the flagship cryptocurrency they are holding rather than its price. "While price is important….the rich will still be those with the most Bitcoin…The quantity you own is more important for your future than the prices," he wrote in his X post. Previously, Kiyosaki predicted that even 0.01 BTC could potentially make investors rich in the future. According to another forecast from the author issued last month, Bitcoin will "climb to $250k this year."

Canada’s XRP ETF goes zero-fee

In a recent press release, Purpose Investments, one of Canada's largest investment management firms, has announced a management fee holiday for its newly launched spot-based XRP ETF. The management fees will be waived for nearly eight months, and after February 2026, a fee of 0.69% will be charged annually. Additionally, the fund's management expense ratio (MER) will be capped at 0.89%, meaning that the fund will never charge more in total costs. The aforementioned 0.69% fee is part of the total MER, which also covers non-management expenses. Apart from Purpose Investments, 3iQ and Evolve also launched their spot XRP ETFs on Wednesday after receiving OSC approval. As noted by Paul Grewal, Coinbase's CLO, Canada has outpaced the U.S. in XRP ETF launches, stressing that regulatory clarity tends to drive innovation.

Reddit is reportedly in discussions to integrate Sam Altman’s Worldcoin Orb technology to verify users through biometric identity, according to multiple social media sources.

The rumors, though unconfirmed by either party, hint at a potential partnership where Reddit could leverage the iris-scanning device to combat fake accounts and bots. 

If accurate, the move would mark a major step in linking decentralized identity with mainstream social platforms.

While neither Reddit nor Tools for Humanity has issued a formal comment, the speculative nature of the reports has drawn significant attention from the crypto community. 

Some users view it as a response to rising concerns around generative AI and misinformation online.

Meanwhile, the price of Worldcoin’s WLD token showed signs of recovery following the circulation of the rumor. 

The chart reflects a sharp rebound after dipping below $0.91, suggesting that traders may be positioning for a potential price breakout if the news solidifies.

Still, without confirmation, the partnership remains speculative. Even a limited pilot or verification test could signal broader adoption of the World ID infrastructure in social media.

This is a developing story. More details are expected as the situation unfolds.