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
I'm Not Confident We Hit a True Capitulation in Bitcoin, Derivatives Expert Says
Bitcoin briefly fell below $60,000 before rebounding to around $70,000, prompting debate over whether a capitulation event occurred. Derivatives analyst Greg Magadini notes that the 90‑day futures basis stayed near a 4% premium, far less bearish than the 9% discount seen in late 2022. Because the futures market shows limited discount, he doubts a true capitulation has happened. A deeper discount could still signal the next leg lower.
Navigating MiCA: A Practical Compliance Guide for European CASPs
The EU’s Markets in Crypto‑Assets Regulation (MiCA) replaces disparate national rules with a single, EU‑wide framework for Crypto‑Asset Service Providers (CASPs). It mandates incorporation in an EU member state, a national licence, and capital thresholds ranging from €50,000 to €150,000...
Altcoins Hit Record Low vs Gold, Signaling Black‑swan Risk
The current valuation of #Altcoins against Gold is the lowest it has ever been. The RSI has turned to 25 on the weekly timeframe. This has never happened. The chart itself also provided the lowest valuation since 2021 and it swept the low. The...
How Rootstock Distributes Rewards: Transparency and Fairness Explained
RootstockCollective, a DAO on the Rootstock sidechain, distributes Bitcoin‑linked rewards through fully on‑chain rules that anyone can audit. The platform allocates 75% of payouts in rBTC, with the remainder in RIF and USDRIF, on a bi‑weekly cycle. Rewards are earned...
LMAX Unveils New Exchange to Break the Wall Down Between Crypto and FX
LMAX Group launched Omnia Exchange, a unified multi‑asset platform that lets institutions trade any currency, crypto, stablecoin or digital asset directly against any other 24/7. The service removes size and type limits and offers settlement on traditional clearing rails or...
AI Is No Savior when Markets Get Tough … but It Can Help, Says Nickel Digital Chief
Nickel Digital Asset Management’s CEO Anatoly Crachilov says AI is a powerful tool but not a market savior, especially in volatile crypto conditions. A recent Nickel survey found 96% of executives at firms managing roughly $14 trillion rely on AI for...
Fugitive Behind $73M 'Pig Butchering' Scheme Gets 20 Years in Prison
A dual Chinese‑St. Kitts and Nevis national, Daren Li, was sentenced in absentia to 20 years in prison for his role in an international cryptocurrency pig‑butchering scheme that stole over $73 million from U.S. victims. The fraud operated through a network of 74...
#516: Xenia Soborova, Head of BD at Tramplin, on The Solana Ecosystem, Solana Staking, and Business Development in Crypto
In this episode, Xenia Soborova, Head of Business Development at Tramplin.io, discusses the Solana ecosystem, focusing on innovative staking solutions that redistribute inflationary rewards to make staking accessible with small SOL balances. She shares insights from her experience across multiple...
U.S. Bitcoin ETFs Register Back-to-Back Inflows for First Time in a Month
U.S. bitcoin exchange‑traded funds posted back‑to‑back net inflows of $616 million, ending a redemption streak that began in mid‑January. The first day saw $471.1 million, followed by $144.9 million as bitcoin rallied from a $60,000 low to around $70,000. Despite a 50 % price...
Ethereum Price Set to Rise as Stablecoin Usage Soars
During the first stage of growth, price usually doesn't follow. That's what happened with $ETH in 2019. Absolutely no growth on the markets, and then, during the period where the stablecoin transactions peaked, that's when price started to follow. Price follows...
South Korean Exchange Mistakenly Sends $43B Paper Bitcoin
South Korean Crypto Exchange Accidentally Gave Away $43 Billion Worth of Paper Bitcoin 😲 Source: https://t.co/lPGnMSdHAO https://t.co/gUs3bb70KS
Fed’s Waller Says Crypto Hype ‘Fading’ with TradFi Tie-Ins
Federal Reserve Governor Chris Waller told a payments conference that the euphoria surrounding crypto, which surged after President Donald Trump’s election, is now waning. He linked the recent sell‑off to mainstream financial firms adjusting risk positions as crypto becomes more...
Tether Would Rank 17th in US Treasury Holdings
Who is the world's largest holder of US Treasuries? 🥇 Japan 🥈 United Kingdom 🥉 China But here's the wildest part - if Tether were a country, it would be the 17th largest holder of US Treasuries https://t.co/JoaE6JzFI9
Digital Assets Firm Tether to Hire More Staff as Part of Business Expansion Strategy
Tether, the issuer of the world’s largest stablecoin USDT, is channeling its soaring profits into a major expansion. The firm has grown to roughly 300 employees and plans to add 150 more over the next 18 months, emphasizing engineering, AI,...
Chainlink Co-Founder’s 2 Reasons This Bear Market Feels Different
Chainlink co‑founder Sergey Nazarov says the current crypto bear market differs from past cycles because it has avoided any major institutional collapses and because tokenized real‑world assets (RWAs) continue to expand rapidly. He notes that market capitalisation has dropped 44%...
CZ's Untold Story: The Rise, Fall, and Redemption of Binance's Founder
The All‑In panel traces Changpeng Zhao’s (CZ) journey from his immigrant childhood in Canada to founding Binance, detailing his early tech career, the launch of his first Shanghai startup, and his discovery of Bitcoin that led him to go all‑in...
Ethereum Foundation Teams up with SEAL to Combat Wallet Drainers
The Ethereum Foundation is sponsoring a security engineer to work with the nonprofit Security Alliance (SEAL) on its new “Trillion Dollar Security” initiative, aimed at tracking and neutralizing crypto drainers targeting Ethereum users. The partnership includes a public dashboard that...
Crypto Exchange Backpack to Launch Token with Unlocks Tied to IPO Goal
Backpack, a crypto exchange founded by former FTX staff, announced a 1‑billion‑token launch whose distribution is tied to its IPO roadmap. The schedule allocates 25% at token generation, 37.5% upon pre‑IPO milestones such as new regions or products, and the...
Vitalik Buterin Details How Ethereum Could Work Alongside AI
Ethereum co‑founder Vitalik Buterin outlined a roadmap for integrating AI with the Ethereum blockchain, emphasizing trustless, private AI interactions and an economic layer for AI‑to‑AI transactions. He highlighted the need for zero‑knowledge proof tooling to run large language models locally, preventing...
‘No Privacy’ CBDCs Will Come, Warns Billionaire Ray Dalio
Billionaire investor Ray Dalio warned that central‑bank digital currencies (CBDCs) are inevitable, offering transaction ease but eroding financial privacy. He argued CBDCs will likely lack interest earnings, making them poor stores of value as the dollar depreciates. Dalio highlighted that...
Base App Sunsets Creator Rewards to Double Down on Trading
Coinbase’s Base App is ending its Creator Rewards program, which paid roughly $450,000 to 17,000 creators over seven months, and is also removing its Farcaster‑powered Talk feed. The move reflects a strategic decision to concentrate solely on tradable assets such...
Coinbase's Bland Ad Protects Brand, Sparks Conversation
The Coinbase add was on brand for Coinbase. It wasn’t bad, it was bland. Bland is safe, not controversial or offensive. Bland is how they protect their brand and get you to talk about it. 10/10 https://t.co/E1uZzPvqTi
McHenry Predicts Fast Crypto Deal as Witt Brokers Talks
Former House Financial Services Chair Patrick McHenry and White House adviser Patrick Witt told CoinDesk Live that a sweeping crypto market‑structure bill could be finalized within months, potentially reaching the president’s desk by Memorial Day. They highlighted growing bipartisan momentum in Washington,...
Blockchain Analytics Firm Elliptic Examines Financial Crime Risks of Stablecoins
Elliptic, a blockchain analytics firm, warns that stablecoins—now over $300 billion in market value—are being exploited for large‑scale money laundering, sanctions evasion, and fraud. Organized scam networks in Southeast Asia use stablecoins to move billions of dollars through Telegram markets, over‑the‑counter...
Herding in Commodities and Cryptocurrencies
This episode explores herding behavior beyond equities, focusing on cryptocurrency markets during geopolitical shocks and commodity ETFs across different asset classes and time scales. Recent research shows strong, asymmetric herding in crypto—especially in bearish periods and when perceived geopolitical risk...
Crypto Cycles Show Better Risk Management, On‑Chain Asset Growth
Cycles are a normal part of the crypto industry, what is important is what those cycles reveal about how far the industry has progressed and what next stage/trends of adoption/value creation will go on to define the industry. So far this...
Quantum Cryptography’s Arithmetic Boost Promises More Secure Communications Networks
Researchers present Arithmetic Reconciliation, a low‑complexity protocol for continuous‑variable quantum key distribution (CVQKD) that boosts reconciliation efficiency at low signal‑to‑noise ratios. Simulations using LDPC codes show key‑sequence matching rates of 0.83–0.92 and quantization efficiencies above 95%, even at SNRs as...
Bitcoin Poised for $78‑80K Breakout, Still Undervalued
#Bitcoin couldn't even get that much down, as bidding is already taking the momentum here. Great signs. I do expect to see more momentum coming in, and a clear breakout above $71.5K in the coming days. The pattern is comparable to the...
Figure’s CFO Supports Treating Stablecoin as Cash
Figure Technology’s CFO Macrina KgIl is urging the Financial Accounting Standards Board to reclassify stablecoins as cash or cash equivalents, rather than intangible assets. The current GAAP treatment creates ambiguity and extra compliance work for firms holding tokens like Tether....
CME Group to Launch Futures for Cardano, Chainlink, and Stellar
CME Group announced plans to launch regulated futures contracts for Cardano (ADA), Chainlink (LINK) and Stellar Lumens (XLM) on February 9, pending regulatory clearance. The contracts will be offered in both standard and micro sizes, mirroring the structure of its existing...
Crypto May Remain Forever High Yet Adoption Stalls
High level crypto market take: I’m 50%/50% between two scenarios. A&B. For each, I’ll provide a “steelman” argument. A. The high is in forever (for this set of crypto assets.) This was/is the “final” wave in...
Israel Crypto Industry Pushes Regulatory Changes Amid Strong Public Support
The Israeli Crypto Blockchain & Web 3.0 Companies Forum launched a lobbying campaign to push regulatory reforms that could add 120 billion shekels ($38.36 billion) to the economy by 2035 and create 70,000 jobs. The effort is backed by KPMG research showing strong...
Ripple Expands Institutional Custody Stack with Staking and Security Integrations
Ripple announced new integrations with Securosys and Figment, bolstering its institutional custody platform with hardware security modules and staking capabilities. The upgrades let banks and custodians manage cryptographic keys on‑premises or in the cloud while offering staking on Ethereum, Solana...
ETH at Historic Undervaluation: Prime Buying Opportunity
I think that this is a tremendous opportunity to be looking at $ETH. The core reason for this is that there's a massive gap to the 'fair price'. The current valuation of $ETH is just as underpriced (based on the MVRV...
Congressman Massie Reintroduces Fed‑Abolition Bill Inspired by Bitcoin
NEW: 🚨 Congressman Thomas Massie says The Bitcoin Standard inspired him to reintroduce a bill to end the Federal Reserve, which quickly gained broad support. Source: BeInCrypto https://t.co/DHDFle4nEn
Farcaster Founders Join Stablecoin Startup Tempo After Neynar Acquires Social Protocol
Farcaster co‑founders Dan Romero and Varun Srinivasan have left the crypto‑social platform to join stablecoin startup Tempo after Neynar acquired Farcaster. Their exit follows the transfer of Farcaster’s infrastructure to Neynar, prompting the founders and key engineers to step away....
VC Token Hype Ends; GPs Exit, LPs Furious
"All the general partners are leaving. LPs are pissed. The VC-token flashy side of the industry is done The game has changed And now everyone wants to be like us." @nic_carter https://t.co/gNuh8qfmoE
Kyle Samani Reportedly Exits Entire Multicoin Capital Stake
The rumor on the street is that Kyle Samani redeemed his entire position in Multicoin Capital, say @nic_carter and @austincampbell https://t.co/gNuh8qeOz6
Decentralized NASDAQ Requires Derivatives; Hyperliquid Confounds Solana
"If you want to be the decentralized NASDAQ, you have to solve for derivatives. Hyperliquid was a conundrum to the Solana ecosystem." https://t.co/gNuh8qeOz6
Value Shifts From L1s to Apps, Fat Protocol Debunked
"The value is not going to accrue to L1s. It'll accrue to apps. The fat protocol thesis was wrong." @perkinscr97 https://t.co/Ev2K80G8P6
Institutions May Fire Devs Over Quantum Risk
.@nic_carter on the quantum threat 😱 "I think the devs will continue to do nothing. But institutions will get fed up and 'fire the devs'. BlackRock will be like: what choice do we have?" https://t.co/gNuh8qfmoE
Centralization Improves Adaptation to Quantum Challenges
"The more centralized you are, the better you can adjust to the quantum problem." https://t.co/gNuh8qeOz6
AI Fuels Quantum; Bitcoin's Future Isn’t Tech‑slowdown Dependent
"AI is accelerating quantum development. It's naive to predicate the future of bitcoin on tech development slowing down. That's not the right bet to make." - @nic_carter on @bitsandbips https://t.co/Tr5IY84Rfz
Crypto, AI, and Quantum Accelerate Together
"These 3 techs are advancing at light speed: crypto, AI, quantum And they reinforce each other." https://t.co/gNuh8qfmoE
Quantum‑proofing Bitcoin Will Consume Most of the Decade
"Many people don't realize that transitioning bitcoin to be safe against quantum will take the better part of the decade. That's an immense lift." @nic_carter https://t.co/Ev2K80G8P6
Fund Collapses Signal Market Bottom, More Ahead
"We said the bottom would be marked by funds blowing up... We are here. And we'll see more of it." @ramahluwalia on Bits + Bips https://t.co/Ev2K80G8P6
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Crypto Tokenization Levels Wealth Playing Field, Not Outcomes
Crypto and tokenization will be a great equalizer, giving billions a level playing field to pursue wealth creation. Equality of opportunity is worth pursuing. Equality of outcomes leads to very dark places.
Family Office Profits by Harvesting Bitcoin Volatility with Options
"I know a family office whose whole purpose is to generate income from a massive stack of BTC. Harvesting volatility is a very common strategy. It's one of the very reasons options exist." Listen to the rest of the story: https://t.co/Ev2K80G8P6
IBIT Options Theory Explains Market Crash, Says Parker White
What caused the market crash? Parker White lays out the IBIT options hypothesis on Unchained. https://t.co/gNuh8qeOz6