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
Bernstein says the 2026 FIFA World Cup could inject billions into prediction markets, with Coinbase and Robinhood positioned to capture a wave of new users. The 2026 FIFA World Cup could mark a breakout moment for prediction markets, with Coinbase emerging as one of the biggest winners, according to a new research report from Bernstein. Published Thursday, the Bernstein analysts estimate the expanded tournament will generate more than $3 billion in incremental sports betting handle and $5 billion to $10 billion in additional consumer prediction market volume, as 104 matches transform what is typically the slowest period for online sports betting. FIFA expects the month-long tournament to attract roughly 6 billion viewers worldwide, up from an estimated 5 billion during the 2022 World Cup in Qatar. Matches are scheduled to start today. Read more
MassPay taps Coinbase to add USDC-powered cross-border payouts, betting stablecoin rails will cut costs and speed up settlement for businesses paying globally. Cross-border payout platform MassPay and Coinbase announced a partnership on Thursday to offer stablecoin cross-border payouts. The partnership connects MassPay's network in 180 countries with the US-based exchange's crypto infrastructure, allowing customers to move between fiat, USDC and other digital assets, the companies said in a joint statement shared with Cointelegraph. MassPay CEO Ran Grushkowsky told Cointelegraph that stablecoins are still a small slice of the company's transaction volume. Still, the company expects the new rails to support nine-figure payouts in the first year. Read more