🚨 Onchain Highlights: The Biggest Crypto Stories of the Day!

📰 News

📢 Polymarket Eyes $1B Valuation with New $200M Crypto Fundraise

Polymarket, a crypto native prediction marketplace, is in talks to raise $200 million at a valuation of $1 billion as per the information.

Polymarket Seeks Unicorn Status with Fresh Funding

According to The Information, Polymarket is close to finalizing a $200 million fundraising round that would value the company at more than $1 billion. The round has not yet been officially confirmed by the company or its backers, but negotiations are said to be advanced.

This comes just weeks after, the decentralized platform announced it had raised $70 million in May 2025 across two separate rounds—a $25 million Series A led by General Catalyst and a $45 million Series B led by Founders Fund. Notably, investors like Vitalik Buterin, Joe Gebbia, and Polychain Capital were part of those earlier rounds, showcasing strong institutional and strategic interest.

The platform has gained prominence in recent months by allowing users to wager on real-world outcomes ranging from U.S. politics to global conflicts—driving attention to on-chain prediction markets as a high-utility crypto use case.

🏛 US Senate Unveils Principles For Its Version Of CLARITY Act

US Senate Banking Committee led by Senator Tim Scott has released principles for the Senate's version of the CLARITY Act to regulate crypto.

US Senate Releases Principles For CLARITY Act

In a press release, the Senate Banking Committee Chairman Tim Scott and the Subcommittee on Digital Assets released a set of principles for the development of a comprehensive market structure legislation. The Senators noted that these principles will guide discussions and negotiations as they engage with stakeholders on the bill text.

CoinGape had reported earlier that the Senate plans to unveil its CLARITY Act draft on the crypto market structure bill by June 24. This move forms part of the legislative process, even as the subcommittee holds a hearing on the bill today.

The market structure principles state that the legislation should clearly define the legal status of digital assets, in a bid to provide regulatory clarity for the crypto industry. As part of providing clarity, the senators hope to distinguish “digital asset securities from digital asset commodities” in the statute.

Secondly, the principles state that there should be a clear allocation of jurisdiction among regulators. Basically, the CLARITY Act will aim to allocate regulatory obligations to several regulators, including the SEC and CFTC, rather than having an “all-encompassing” regulator.

Furthermore, it proposes that regulations should be modernized to account for the unique nature of digital assets and distributed ledger technology. As part of this, the senators plan to include a new SEC exemption for certain digital asset fundraising in the legislation.

There will also be a provision for the SEC to revisit its burdensome registration requirements for digital asset issuers and provide a clear framework for compliance from these issuers. At the June 10 SEC Crypto roundtable, SEC Chair Paul Atkins revealed that they were already working on a regulatory framework for on-chain financial markets.

📊 Markets

🚀 XRP Surges 7% After Ripple Co-Founder Ends 14-Year Silence – Rally to $3 Next

Uncover if XRP price can hit $3 as Ripple co-founder Arthur Britto breaks a 14-year old silence with a tweet. Can XRP hit $3?

XRP Community Bullish After Ripple Co-founder Arthur Britto’s Comeback

Arthur Britto’s June 23, 2025 tweet, broke the Ripple co-founder’s 14-year silence. Many investors speculate on social media platform X that his comeback is bullish for XRP as well as the company Ripple.

While this is highly speculative, one user, ‘X Finance Bull,’ noted that Britto’s tweet coincided with the Federal Reserve’s announcement that reputational risks will no longer be a component of examination programs in its supervision of banks. The user added that it opens the door for banks to explore crypto.

Caution is advised to readers as this is mere speculation and coincidence, and should not be construed as financial advice.

While the long-term impact of Arthur Britto’s comeback is unknown, the short-term outlook is clear – an above-average performance in XRP price, leading to a nearly 7% gain on Monday.

🎯 Ethereum Price Fractal Targets $2,800 Breakout After $112M Short Squeeze

Ethereum price is up 7% as a fractal pattern that drove a rally to $4,000 in 2024 appears. Will another short-squeeze push ETH to $2,800?

Ethereum Price Fractal Targets $2,800 Breakout

Ethereum price has been trading within a tight consolidation range for more than a month now, after the rally that commenced in May paused. It briefly made a bearish breakdown from this range over the weekend as bears sold into the fear of geopolitical tensions. However, traders quickly bought the dip on Tuesday after President Trump announced an Iran-Israel ceasefire deal, which spiked the risk appetite among crypto traders.

This price action mirrors what happened between Q4 2023 and Q1 2024. During the last quarter of 2023, the ETH price underwent a parabolic rally that later paused between December and January as prices entered a consolidation. It broke out of this range after more than a month with a strong rally that drove the price from around $2,200 to a peak of $4,000 within months.

Why This Matters? The last time this fractal appeared (Jan 2024), ETH rallied 80% in 6 weeks.

To validate the bullish fractal pattern, Ethereum price would have to overcome the strong resistance at $2,800. A decisive close above the upper boundary of this consolidation range could then unlock the next bullish leg above $4,000.

The RSI supports this fractal pattern as it is making the same move that it did in January 2024 before the bullish breakout occurred., Traders should wait until this indicator crosses above 50 to confirm a strong bullish momentum.