Ethereum (ETH) and Solana (SOL) have remained under pressure in June, with SOL falling more sharply month to date. At press time, ETH was down 17.1% versus SOL’s 20.5%, while ETF flow data and derivatives positioning suggested risk appetite has not fully disappeared.

Avalanche Treasury Co. began trading on Nasdaq on Thursday under the ticker AVAT after completing a $675 million merger with a crypto-focused SPAC, and the stock ended its first session down 38.1% at $1.85. The company said it plans to deploy capital across the Avalanche ecosystem and intends to buy more than $1 billion worth of AVAX over time.

Bitmine, owned by Tom Lee, acquired an additional 25,000 Ethereum (ETH) from BitGo worth $41.09 million, bringing its three-day accumulation to 125,000 ETH valued at $206 million. The purchases came as ETH slid through June after trading near $2000 at the end of May and later reaching $1,661.50, while it was up 2.85% over the last day at the time of writing.

Ripple rolled out the XRPL AI Starter Kit on June 10, aiming to let autonomous AI software initiate and settle payments on the XRP Ledger using XRP and Ripple USD (RLUSD). The kit’s first phase includes X402-enabled payments plus tools for wallet creation, balance checks, transfers, and transaction tracking, while RippleX’s engineering lead said agent-to-agent flows could eventually move “billions of dollars” in value.

Aphractal AI says Dogecoin has moved into a depressed on-chain valuation zone, with DOGE priced below its realized price and profitability metrics consistent with capitulation. The analysis lists DOGE at $0.08475 versus a realized price of $0.12845, alongside a $13.36 billion market cap and 154.58 billion circulating supply. While some network and exchange-reserve data looks mildly supportive, the report notes weaker trend structure and mixed derivatives signals.

XRP is attempting to rebuild upside momentum toward the $1.8–$2 zone after an analysis shared on June 9 said Binance inflows show no new surge in large-holder deposits. The research noted that transfers above 1 million XRP have cooled following a 2025 peak, implying recent weakness may be more tied to liquidations and broader market pressure than aggressive whale selling. At the time of writing, XRP was trading at $1.14.

Avalanche Treasury Co. is set to begin trading on Nasdaq on Thursday under the ticker AVAT, tied to AVAX One chaired by Anthony Scaramucci and led by CEO Bart Smith. The listing follows a merger with SPAC Mountain Lake Acquisition, a deal initially signed in October at $675 million. The treasury vehicle reports holding roughly 15 million AVAX and says it plans to allocate capital across Avalanche infrastructure, apps, staking, and ecosystem projects.

A U.S. government-linked wallet moved 98,590 LINK (about $768,000) to Coinbase Prime, reviving concerns about possible sell-side distribution even as LINK held support. LINK was trading near $7.78 after bouncing from around $7.34, while Binance positioning stayed long-heavy with a 2.61 long/short ratio and 72.31% of accounts long. Shorts absorbed most liquidation pressure in the latest session, with roughly $57,270 in short liquidations versus about $5,040 for longs.