Analysts CrediBULL Crypto and Bobby A said Ethereum (ETH) currently looks like the stronger short-term trade, while XRP could become the better near-term pick if the XRP/ETH ratio falls about 30% to a midrange level. At press time, ETH traded just above $1,600 (down 3% in 24 hours and 31% over 30 days) while XRP hovered around $1.11 (down 5% on the day and nearly 24% in the past month). They also outlined key levels including ETH ranges near $1,550–$1,650, a downside line near $1,380, and potential upside toward $2,500–$2,600, while XRP bulls watched $1.66–$2.00 for a possible breakout.

A DeFi analyst is warning users to revoke lingering token approvals and tighten wallet hygiene ahead of Anthropic's expected public release of its Mythos AI model. In a June 9 X post, The DeFi Investor also recommended sticking to heavily audited dApps and distributing funds across multiple wallets to limit single points of failure.

XRP is trading in what analyst EGRAG CRYPTO describes as a macro "decision zone," with the next monthly candle close expected to influence whether it forms a double bottom or drifts toward $0.80. The analyst said a monthly close above $1.40 would help confirm the $1.05 low, while $1.61–$1.65 and $1.70 were highlighted as higher confirmation levels. XRP was up just over 1% in 24 hours at the time of writing but remained down more than 8% over seven days.

On June 8, technical analyst ChartNerd outlined an XRP cycle comparison, arguing the current downturn has been less severe than prior bear markets and could still be forming a bottom before the end of 2026. He pointed to a nearly 70% drawdown from the July 2025 high of $3.65 and discussed Fibonacci-extension objectives of $8, $13 and $27 if a full cycle low is followed by accumulation and a later breakout.

Coinbase said earlier this week it rolled out pre-IPO perpetual futures, launching first with a SpaceX-linked contract for eligible users outside the United States. The product lets traders take long or short exposure to SpaceX's implied valuation with P&L settled in USDC, and Coinbase says positions will convert into a standard SpaceX perpetual contract if the company later completes an IPO.

Arthur Hayes said he sold his entire Zcash (ZEC) position after a vulnerability affecting the Orchard shielded pool surfaced, with key details becoming public on June 5. The bug was found on May 29 and patched by June 1, but developers said Orchard's privacy design cannot cryptographically prove whether it was exploited before the fix. ZEC slid more than 35% in 24 hours to about $386, while CoinGlass data showed nearly $49 million in liquidations over the past day.

Strategy's preferred stock STRC ended Wednesday at $94.65, roughly 5% below its $100 par value, prompting fresh debate over whether the move is typical for preferred shares. Supporters argue the discount mainly reflects investors demanding more yield, while critics say a persistent sub-par price could make new issuance harder and raise cash needs as dividend obligations climb.

Ethereum (ETH) has drifted toward its February low near $1,700 after a broad crypto sell-off pushed the price below $1,900. Some analysts say the current downside risk does not change their longer-term view, pointing to institutional activity and supply trends such as staking and declining exchange balances. Recent data also showed sharp deleveraging, with heavy liquidations reported on June 3.

Bitcoin critic Peter Schiff said BTC could drop below $20,000 if it falls through $50,000, arguing market sentiment remains overly complacent. He made the comments with Bitcoin near $67,000, down more than 4% over 24 hours and over 16% across 30 days. Schiff also warned Strategy's STRC yield setup could turn into a self-reinforcing decline if investors question the company's ability to maintain payments.