Today's Crypto Pulse
Bitcoin crashes below $65,000 amid $1.86B liquidations and Saylor sell‑off
Bitcoin slipped under the $65,000 psychological barrier on June 3, sparking a 12% weekly decline. The drop triggered roughly $1.86 billion in leveraged futures liquidations and a $2.97 billion outflow from spot Bitcoin ETFs over ten sessions. Michael Saylor added pressure by selling 32 BTC, valued at about $2.5 million.
Also developing:
By the numbers: Strive acquires 2,500 Bitcoin for $185.2M
RBA and DFCRC Release Findings From Project Acacia
The Reserve Bank of Australia and the Digital Finance Cooperative Research Centre released the Project Acacia report, outlining how digital money, settlement infrastructure and tokenised assets can modernise Australia’s wholesale markets. The joint effort tested 20 use cases across asset classes, showcasing faster settlement, reduced counter‑party risk and new token‑based settlement methods, including a pilot wholesale CBDC. Findings highlight both efficiency gains and regulatory challenges, prompting a multi‑stream program that will introduce a sandbox, improve industry‑regulator cooperation and explore tokenised government bonds. DFCRC estimates the broader digital finance shift could generate roughly $15.8 bn in annual economic benefits for Australia.
10x Weekly Crypto Kickoff – Inflation Bites Back: Bitcoin Tests Key Support as ETF Holders Sell $1 Billion
Bitcoin’s price tested key support around $78,500 and $76,900 as ETF holders withdrew roughly $1 billion, pushing the Fear & Greed Index from 87% to 45% in a single week. Options traders surged demand for downside protection across all tenors, while...
Aave Restores WETH LTV Ratios Across Multiple Networks as Part of rsETH Recovery Plan
Aave has reinstated the loan‑to‑value (LTV) ratios for Wrapped Ether (WETH) on six blockchain networks, re‑enabling borrowing and debt‑swap functions. The restoration applies to Aave V3 on Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle and Linea, and is the next...
CoW DAO Proposes Token Burn and Dynamic Buyback Plan to Cut Future Emissions
CoW DAO announced a two‑pronged treasury plan that would burn between 60 million and 85 million COW tokens and replace its fixed buyback model with a revenue‑linked, price‑responsive scheme. The move targets the protocol’s token overhang while preserving funds for operations and...
MyEtherWallet – The Next Decade of On-Chain Finance
In this episode of the Brave New Coin Crypto Conversation, MyEtherWallet founder Kasala discusses how the wallet has evolved from a tool for technically‑savvy early Ethereum users to a platform aimed at mainstream, non‑technical adopters. He highlights the ongoing challenge...
TechDev Newsletter - Market Update Issue #94
TechDev’s latest market update notes that Bitcoin and Ethereum are both experiencing the short‑term breakdowns the analyst has forecast, and these moves are now coinciding with a clear upswing in macro‑economic cycle indicators. The analyst refines price targets to $57,000‑$63,000...
Bernstein Says Figure's Q1 Results Shows Uniqueness of Blockchain Marketplaces
Bernstein analysts highlighted Figure Technology Solutions’ Q1 earnings, which beat Wall Street forecasts on both revenue and EBITDA, as evidence that the fintech is carving a unique niche among blockchain marketplaces. Figure’s platform tokenizes real‑world credit assets into blockchain‑native instruments,...
U.S. Spot Ethereum ETFs Lose $65.6 Million in Five‑Day Outflow Streak
U.S. spot Ethereum exchange‑traded funds posted $65.64 million of net outflows on May 15, extending a five‑day losing streak. BlackRock’s iShares Ethereum Trust shed $50.35 million and Fidelity’s Ethereum Fund lost $11.08 million, reflecting heightened macro uncertainty and ETH price weakness.
Chainalysis Maps $10.8M THORChain Hack Through Monero, Hyperliquid and Arbitrum
Blockchain analytics firm Chainalysis linked the $10.8 million THORChain exploit to a sophisticated laundering operation that moved funds through Monero, Hyperliquid and Arbitrum weeks before the attack. The findings expose how privacy‑focused bridges are being weaponized in DeFi, raising fresh concerns...
Financely Unveils Real‑World Asset Tokenization Desk, Targeting Commercial Real‑Estate Debt
Financely announced a Real World Asset Tokenization Readiness Desk that advises structured‑finance originators on packaging commercial real‑estate debt, trade finance and solar projects for tokenized capital markets. The service offers end‑to‑end screening, legal verification and data‑room preparation, aiming to unlock...
CME Debuts Bitcoin Volatility Futures on BVX, Expanding Crypto Hedge Options
CME Group launched Bitcoin volatility futures on its BVX platform on June 1, marking the first time a major U.S. exchange offers a contract that lets investors trade Bitcoin's price swings directly. The product targets institutional traders seeking a dedicated...
Bank of England Softens Stablecoin Rules, Easing Holding Caps and Reserve Requirement
The Bank of England announced it will relax two contentious elements of its stablecoin framework – the holding caps and the 40% non‑interest‑bearing reserve requirement – after industry pushback. The shift is seen as a step toward a proportionate, risk‑based...
Solayer Rolls Out Visa‑Ready USDC Card, Free for Existing Users
Solayer, the layer‑1 blockchain developer behind infiniSVM, introduced a Visa‑compatible USDC debit card that links directly to its Solayer Pay wallet. Existing users receive the card at no cost, while new users face a $20 annual activation fee, expanding stablecoin...
DeFi's New Front: VerifiedX Bets Bitcoin's Next Chapter Is Programmable, Private
VerifiedX unveiled a Bitcoin sidechain that delivers native, programmable transactions while preserving privacy, avoiding synthetic wrappers like wrapped Bitcoin. The platform’s vBTC token is fully collateralized and redeemable through self‑custodial threshold signatures and Taproot‑based addresses. Optional zero‑knowledge proofs add privacy...
Scammers Send Physical Phishing Letters to Steal Ledger Wallet Seed Phrases
Scammers are sending forged Ledger‑branded letters that include QR codes to trick hardware‑wallet owners into revealing their 24‑word seed phrases. The campaign is localized, with versions in Italian and other languages, indicating attackers may have accessed customer shipping data from...
Wall Street’s Fight with Hyperliquid Could Decide Who Controls 24/7 Markets
CME Group will launch 24/7 cryptocurrency futures and options on May 29, expanding a product line that posted $3 trillion in notional volume for 2025 and is running 46% ahead of its year‑to‑date pace. ICE’s New York Stock Exchange is building...
SBI, Rakuten, Nomura Line up to Launch Crypto Investment Trusts: Report
Japan’s leading brokerages are gearing up to offer crypto investment trusts to retail clients. SBI Securities will market funds from its affiliate SBI Global Asset Management, covering Bitcoin and Ethereum via ETFs and trusts, while Rakuten Securities is building similar...
GOP to Crypto: Show Me the Money
Republicans have secured key pro‑crypto victories, notably advancing the CLARITY Act through the Senate Banking Committee, while the crypto‑focused Fairshake super PAC sits on a $165 million war chest. Despite its size, Fairshake has not disclosed which 2024 races it will...
U.S. Treasury Endorses Limited Framework for Crypto Mixers, Recognizing Legitimate Privacy Uses
The U.S. Treasury Department submitted a 32‑page report to Congress on March 5 endorsing a limited regulatory framework for crypto mixers. The plan acknowledges lawful privacy uses while introducing “hold laws” that let authorities temporarily freeze suspect assets, aiming to curb...
MicroStrategy May Dump BTC as Price Nears $80k
BTC $78k; U.S. retail holders 67M. MSTR to retire $1.5B notes and may sell BTC to fund STRC dividends; Risk: corporate selling vs. retail demand; Trade: no new longs < $80k. — Viktor Kopylov, PhD, CFA. More insights: t.me/si14Kopylov
Intesa Sanpaolo Doubles Crypto Exposure, Adds BTC, ETH, XRP
BULLISH: Italy's largest bank, Intesa Sanpaolo, increased its crypto exposure by >100% in Q1 The bank added BTC, ETH & XRP positions via ETFs and trusts, while cutting its SOL position https://t.co/BnizF7kj4k
A Russian Stablecoin Built to Dodge Sanctions Says It Can Survive Even if They're Lifted
Russian‑pegged stablecoin A7A5, built to sidestep sanctions, says it can stay competitive even if U.S. and EU measures are lifted. The token, valued at roughly $500 million, offers a 13.5% yield and aims to enable direct ruble swaps without relying on...
Hybrid HyFi Blends DeFi with Essential Institutional Paperwork
.@_CraigBirchall coined a term on @bitsandbips: HyFi — half DeFi, half CeFi. His argument: on-chain repo that works for institutions probably needs some paperwork alongside the smart contracts, and forcing it to be fully programmatic is the thing most likely...
WETH LTVs Restored; Borrowing Resumes on Aave
The next step in the rsETH technical recovery plan has been completed with the restoration of WETH LTVs to their pre-incident levels across all affected networks. Users can now once again borrow against WETH on Aave, including through collateral and...
Michael Saylor Floated Bitcoin Sales Idea to Avoid 'Impairing' The Asset
Michael Saylor, Strategy’s executive chairman, warned that the company’s long‑standing “never sell” Bitcoin mantra could backfire by prompting credit rating agencies to treat Bitcoin as a non‑asset, thereby impairing the firm whose value is 98% tied to the cryptocurrency. He...
STRK20 Enables Private, Composable Full‑DeFi Operations
Very few people understand the challenge of creating privacy that also allows composability. STRK20 is basically a privacy layer. This design is what allows users to do full DeFi operations instead of just single actions (e.g. transfers). https://t.co/YxZt99FRNf
FROST Developed to Prevent TSS Hacks Like THORChain Loss
The complications/vulnerabilities in TSS (threshold signatures) that resulted in $10.7m stolen from THORChain are exactly why Chelsea Komlo/Zcash Foundation spent *years* developing FROST: https://t.co/OGfu5IFxf0
US CLARITY Act Will Be a ‘Boon for Domestic Innovation’: A16z
The US Congress is advancing the CLARITY Act, a bill designed to replace the fragmented state‑level crypto rules with a unified federal framework. Venture capital firm a16z argues that regulatory certainty will spark domestic innovation, citing the 2025 GENIUS Act’s...
LM Funding Posts 19% QoQ Jump in Bitcoin Output as Hash Rate Hits Record 790 PH/S
LM Funding announced a 19% sequential increase in Bitcoin mining output to 26.1 BTC in Q1 2026, driven by new hardware and a record 790 petahash hash rate. The boost came as revenue slipped to $2.1 million and the company posted...
CFTC Deploys AI Surveillance to Crack Down on Crypto and Prediction Market Manipulation
The U.S. Commodity Futures Trading Commission has rolled out an artificial‑intelligence‑based surveillance platform that scans crypto and prediction‑market trades for manipulation, pairing on‑chain tools like Chainalysis with its legacy monitoring systems. The move signals a proactive, data‑driven shift in oversight...
Dogecoin Slides ~3% as Rising Yields and Oil Prices Damp Meme‑Coin Sentiment
Dogecoin fell about 3% on Friday as higher U.S. Treasury yields and a surge in oil prices sparked a risk‑off wave across the crypto market. The decline mirrors broader weakness in Bitcoin and other digital assets, underscoring how macro‑economic headwinds...
Bitcoin Drops ~3% as Treasury Yields Surge and Insider Stake Disclosure Rattles Markets
Bitcoin fell about 3% to roughly $78,000 on Friday, pressured by a spike in 30‑year Treasury yields above 5.1% and a high‑profile insider disclosure that shifted risk sentiment. The move dragged crypto‑linked stocks, with Coinbase tumbling 8%, as investors reassessed...
Jump Crypto’s ‘Firedancer’ Is Taking a Slow and Steady Approach to Its Long-Awaited Solana Infrastructure Rollout
Jump Crypto’s Firedancer validator client has quietly gone live on the Solana mainnet, processing tens of millions of transactions. The rollout is deliberately incremental, avoiding a mass public launch until comprehensive security audits are complete. Firedancer is positioned as a...
Bitcoin ETF Flows Reverse as US Funds Shed $1B Amid Inflation Fears
US‑listed Bitcoin exchange‑traded funds experienced a $1 billion net outflow last week, the largest weekly withdrawal since January. The outflow halted a six‑week streak of inflows that had brought roughly $3.4 billion into the products. Bitcoin’s price slipped about 3% to $78,074...
Wall Street Accelerates Core System Rebuild with Tokenized Funds and DTCC Initiative
JPMorgan and BlackRock filed tokenized U.S. Treasury money‑market funds on Ethereum in May 2026, while the Depository Trust & Clearing Corporation (DTCC) launched a tokenization service with more than 50 institutions. Limited‑production trades are set for July 2026 and a...
Investors Deploy $150M in Crypto Staking as Tokenization Gains Momentum
Bit Digital raised $150 million of convertible notes to expand its Ethereum staking and AI‑infrastructure business, while JPMorgan, BlackRock and the DTCC filed tokenized fund proposals and a tokenization service with more than 50 institutions. The twin moves underscore a wave...
XRP Leverage Ratio on Binance Hits Two‑Month High, Heightening Liquidation Risk
Binance’s estimated leverage ratio (ELR) for XRP climbed to 0.179 on May 15, the highest in two months, according to CryptoQuant data. The surge coincides with a 2% price dip to $1.44 and revives concerns of a forced‑liquidation cascade reminiscent...
The $293 Million KelpDAO Hack Shows Why DeFi Is Finally Being Forced to Grow Up
The KelpDAO exploit siphoned roughly $293 million by targeting a vulnerability in LayerZero’s bridge infrastructure rather than a smart‑contract flaw. The breach highlights a broader trend in decentralized finance where operational, governance and third‑party dependencies pose the greatest risks. Leaders at...
CLARITY, Correlations, and Risk On
The Senate Banking Committee advanced the CLARITY Act with a 15‑9 vote, and market odds now place a 68% chance of passage this year. Bitcoin’s implied volatility sits at 54%—well below its 50‑80% historical range—while realized volatility is just 29%,...
Free Access Ends Monday—Join Chart Chasers Now
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DEFT Posts $4.9M Net Income as Digital Asset Trading Revenue Jumps 38% in Q1
Digital asset infrastructure firm DEFT announced first‑quarter net income of $4.9 million on $11.2 million of revenue, driven by a 38% jump in Stillman Digital earnings and expanding product breadth. The company highlighted strong AUM inflows, new institutional product pipelines and a...
Hana Financial Plugs $670 Million Into Upbit Operator Dunamu, Securing 6.55% Stake
Hana Financial Group announced a $670 million equity purchase of a 6.55% stake in Dunamu, the firm behind South Korea’s leading crypto exchange Upbit. The deal makes Hana the fourth‑largest shareholder and signals a strategic push to blend traditional banking with...
THORChain Confirms $10M Exploit, Rolls Out Recovery Portal for Affected Users
THORChain confirmed a $10 million exploit that drained 36.75 BTC (≈$3 million) and about $7 million in tokens across BNB Chain, Ethereum and Base. The protocol launched a self‑custodial recovery portal allowing affected users to revoke malicious approvals and submit refund claims within a...
Prediction: Bitcoin Will Hit $1 Million -- Here's the Timeline
Bitcoin’s compound annual growth rate (CAGR) has averaged 36% over the past decade, but analysts now expect it to decelerate to about 18% as the asset behaves more like a Nasdaq‑tech stock. A price recovery to roughly $80,000 after a...
Sharplink CEO Points Out 3 Catalysts for Ethereum's Price to Surge Higher
SharpLink Gaming CEO Joseph Chalom says Ethereum needs three catalysts to reignite price growth: the US Digital Asset Market CLARITY Act gaining Senate traction, a revival of market risk appetite as geopolitical tensions ease and AI hype cools, and a...
Crypto Longs Lose $500 Million as Bitcoin Slides to $78,000, SOL and XRP Down 5%
Crypto longs suffered over $500 million in losses as Bitcoin slipped to roughly $78,000, erasing a week of gains. A 24‑hour liquidation wave wiped $581 million from the market, with $552 million coming from long positions and Bitcoin accounting for the largest single...
Stablecoins: What They Are and How They Work
Stablecoins are blockchain‑based tokens pegged to the U.S. dollar through a 1:1 reserve of cash and short‑term Treasury notes, offering near‑instant, low‑cost transfers. They aim to solve cross‑border payment delays, high fees, and dollar‑access challenges in inflation‑hit economies. The market...
US CLARITY Act Brings ‘Major Spike of Euphoria’ to Bitcoin: Santiment
The U.S. Senate Banking Committee advanced the Digital Asset Market Clarity Act (CLARITY) with a 15‑9 bipartisan vote, sparking a wave of optimism on social media. Bitcoin rose 3.15% to $79,084, reflecting heightened bullish sentiment. Santiment’s data shows 1.55 bullish...
Bank of England Signals Easing of £20,000 Stablecoin Ownership Caps
Bank of England Deputy Governor Sarah Breeden announced that the central bank is reviewing its proposed £20,000 (≈$25,400) per‑person and £10 million (≈$12.7 million) per‑business stablecoin ownership caps. The move follows industry criticism that the original limits were overly conservative and operationally...
Asset Tokenization: Why JPMorgan’s Move to Ethereum Is a Death Sentence for Traditional Clearing Systems
JPMorgan has begun issuing tokenized versions of real‑world assets on the public Ethereum network, positioning the bank at the forefront of blockchain‑based finance. The initiative targets a market of roughly $867 trillion in securities and derivatives that currently rely on legacy...