Cryptocurrency
Polkadot community PolkaWorld halts operations after failed funding bid

Polkadot community PolkaWorld has announced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The organization raised several concerns about the project’s treasury management and made several claims in a recent announcement.
In a post published on PolkaWorld’s official X (formerly Twitter) account, the organization claimed that the treasury management under Polkadot’s new open governance platform, OpenGov, is affecting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, many organizations are being rejected by the treasury and are leaving the Polkadot ecosystem.
#116 PolkaWorld Ops & Maintenance proposal: 2023.9 – 2023.11
PolkaWorld, Founded in June 2019, @polkaworld_org has been around for four years now, is the Polkadot community in China and has gathered more than 50,000 followers
Recently, a proposal requested by… pic.twitter.com/KZ9T6xIbRE
— Polkadot Insider (@PolkadotInsider) August 20, 2023
The organization pointed out that in the previous governance system, there was a council elected by Polkadot (DOT) holders. The council members were experts in certain areas and were knowledgeable in evaluating proposals, according to PolkaWorld. PolkaWorld believes that this should be integrated into the current OpenGov system, where governance is decided by tokenholders directly.
Meanwhile, Markian Ivanichok, the founder of the platform Brushfam, which onboards businesses to Polkadot, has announced that the project is leaving Polkadot in an X thread. The founder expressed frustrations about Polkadot’s governance system, saying that it’s been “increasingly hard to get financing.”
1 Our @Polkadot Blockchain journey started back in 2021 year.
Back then Polkadot being promising technology, with experienced tech leader @gavofyork has motivated us as founders to choose this ecosystem as the one to grow in.https://t.co/Zb2kKlIoA5
Thread below ⬇️
— Markian Ivanichok (@0xMarkian) September 14, 2023
Within the thread, Ivanichok also claimed that it was impossible to get their work appreciated in an ecosystem that “doesn’t care about users, about business practices and about marketing its product.”
Related: NFT platform Enjin forks Polkadot parachain Efinity to new mainnet
Polkadot’s OpenGov system was launched earlier this year to grant every tokenholder a voice in shaping the platform. With this, governance in the network is directly carried out by holders of the DOT token. They can actively participate in a voting process to vote on proposals aimed at making changes in their ecosystem.
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Cryptocurrency
Ethereum Price Analysis: Is ETH Staging a Push Toward $2.8K or Facing a Crash to $2K?

After breaking below the ascending flag pattern, Ethereum has retraced to retest the broken trendline. Should the selling at this level pressure intensify, a deeper decline toward the $2K support zone may follow.
By Shayan
The Daily Chart
ETH recently broke down from its ascending flag pattern, triggering a corrective phase. After finding strong support around the $2.1K level, the cryptocurrency bounced and retraced toward the broken trendline at $2.4K, where it now appears to be encountering resistance.
Despite the rebound, the lack of significant volatility and waning momentum around this key level suggests that buyers are exhausted. If the selling pressure intensifies here, ETH is likely to complete its pullback and extend its correction.
In this case, the $2K mark is emerging as the next key defensive zone where the bulls may attempt to regain control.
The 4-Hour Chart
Zooming into the 4-hour timeframe, ETH initially found strong support within the 0.5–0.618 Fibonacci retracement zone, a historically reliable level during corrections.
The sharp reaction from this range led to a quick move upward. However, the rally has now stalled precisely at the previous flag’s lower boundary, which currently acts as resistance near $2.4K.
This rejection increases the probability of another downward leg, unless the buyers are able to swiftly reclaim control. The $2.1K zone, which overlaps with the Fib support, remains a key battleground.
As long as this area holds, the market structure retains a bullish bias. If breached, however, it may pave the way for a deeper decline toward $2,000.
By Shayan
The funding rate metric serves as a crucial gauge of trader sentiment within the futures market. Typically, in a healthy and sustainable uptrend, funding rates increase steadily, reflecting growing interest from long position traders across both the perpetual futures and spot markets.
However, recent trends reveal a decline in Ethereum’s funding rates, signalling waning bullish momentum and potential buyer fatigue. This shift raises the probability of a short-term rejection and deeper corrective movement.
That said, as funding rates approach the neutral zone near zero, it may suggest a reset in leveraged positions, indicating that the market is cooling off. This environment often precedes renewed demand and could pave the way for a strong bullish continuation once the current consolidation phase concludes.
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Cryptocurrency charts by TradingView.
Cryptocurrency
XRP Surpasses BTC, ETH in This Surprising Metric Despite SEC Lawsuit Roadblock

TL:DR
- Ripple’s lawsuit resolution against the US SEC will have to wait even longer as Judge Torres denied the two parties’ joint motion for an indicative ruling.
- However, this seemingly negative development has turned the community bullish on XRP, according to data from Santiment.
With crypto moving sideways, retail optimism toward Bitcoin & Ethereum has died down a bit. Meanwhile, XRP sentiment is currently at a 17-day high, in terms of positive vs. negative commentary. This has happened after a $50M settlement between Ripple & the SEC was stalled. pic.twitter.com/zJctKgEiPf
— Santiment (@santimentfeed) June 27, 2025
As the analytics company informed, the bullish vs. bearish posts on social media in regards to the fourth-largest cryptocurrency have skyrocketed to a 17-day high.
Consequently, XRP has surpassed the two biggest digital assets by market cap, bitcoin and ether, both of which are performing a lot better in terms of price actions in the past week or so.
BTC managed to reclaim the $100,000 line after its brief hiatus below it and now sits at around $107,000 as the geopolitical environment in the Middle East improved. ETH also recovered from its substantial slump and is back to $2,400.
In contrast, XRP’s price has been trading downward for weeks and is currently below $2.1 after another 3-4% daily drop. The latest setback took place yesterday following Judge Torres’s decision to deny the joint motion filed by Ripple and the SEC for a quicker resolution in their lawsuit.
Nevertheless, it’s not all doom and gloom as the XRP token saw a major adoption announcement earlier this week, as you can check here.
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Cryptocurrency
Is Ethereum (ETH) Seriously Undervalued Right Now? Many Whales Bet On It

Ethereum (ETH) began climbing again this week, along with the rest of the market. However, it remains trapped under the $2,879 level for now.
Even as it struggles to spearhead the much-anticipated “altseason,” its network activity is telling a louder story.
Historic Activity on Ethereum
On June 25, Ethereum recorded 1,750,940 confirmed transactions. This was the third-highest daily count in its history and breaking a months-long downward trend in on-chain activity.
The “Ethereum: Transaction Count (Total)” metric captures all confirmed network transactions, including ETH transfers, DeFi operations, smart contract executions, and DApp interactions, and gives a clear insight into real usage. Such high activity levels have not been seen since January 14, 2024, when the cryptocurrency set its all-time high record with 1,961,144 transactions before usage gradually declined.
The latest spike comes even as ETH’s price has shown volatility, ranging between and $2,111-$2,879 over the past month, as traders, DeFi protocols, and arbitrage bots actively adjust positions in real time. This divergence between price weakness and strong on-chain activity suggests a potential early signal of accumulation and renewed DeFi interest, even if it is not yet reflected in ETH’s market valuation.
Meanwhile, institutional and retail interest seems to be steady, with stable ETH holdings on exchanges and rising transaction volumes on Layer 2 networks like Arbitrum and Optimism, which continue to handle a significant share of Ethereum’s daily settlement activity.
CryptoQuant said that these developments point to deeper structural resilience in the network’s usage patterns.
“These developments reinforce Ethereum’s pivotal role in the broader crypto ecosystem and suggest that the network’s recent on-chain spike is not an isolated event, but part of a deeper structural recovery.”
Amid these signals of underlying strength, whale activity has emerged as another key indicator reflecting deep-pocketed confidence in Ethereum.
Whale Purchases Accelerate
Whales continue aggressive ETH accumulation, rapidly draining exchange supplies. Investor Ted Pillows highlighted one whale’s $8.91 million ETH purchase via Galaxy Digital yesterday, adding to $422 million in Ethereum amassed within a month.
These large-scale buys suggest mounting confidence among whales, even as overall market sentiment remains cautious.
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