The US banking giant's blockchain marketplace will offer tokenized depositary receipts of private company shares amid Wall Street's broad embrace of tokenized assets. Citigroup is launching a blockchain-based marketplace for private company shares, looking to give wealthy and institutional investors a new way to gain exposure to pre-IPO firms as Wall Street pushes deeper into tokenized finance. According to The Wall Street Journal, the platform will use tokenized depositary receipts issued by Citi, which represent ownership interests in private companies. The offering will initially be initially available to foreign investors, with US access planned at a later date. The initiative allows investors to invest in private company shares “right next to their Apple stock, Citi digital asset executive Artem Korenyuk told the Journal. Read more
ETH traders increased their long positions as Ether price traded near 2026 lows. Will ETH’s rebound eclipse the BTC recovery? Ether (ETH) traders are increasing their leveraged long positions despite ETH price being down 44% in 2026. Ether's futures open interest at Binance has climbed to a record 3.7 million ETH, with the exchange accounting for more than 44% of total Ether futures. Crypto analyst Darkfost noted that Ether futures activity has improved despite rising uncertainty driven by geopolitical tensions and weakening economic conditions. The analyst noted that Binance now holds nearly 3.7 million ETH in open futures contracts, marking a new all-time high for Ether open interest on the exchange. Read more
XRP is forming head-and-shoulders and bear flag setups on its shorter-timeframe chart, both indicating a dip below $1 in the coming days. XRP (XRP) charts are painting multiple bearish patterns this month with a downside target under $1. Key takeaways: Since June 5, the XRP price has formed what appears to be a head-and-shoulders (H&S) pattern. Read more