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
Coinbase Expands in Poland with Blik Mobile Payments Integration
Coinbase announced a partnership with payment processor PPro to add Poland’s popular Blik mobile‑payment system to its platform, tapping nearly 20 million users. The integration aims to simplify crypto purchases and withdrawals, aligning with the exchange’s focus on local payment rails. Coinbase already holds a MiCA licence, allowing it to operate despite Poland’s stalled crypto legislation. The move comes as Polish crypto adoption surges, positioning the country among Europe’s top markets despite regulatory delays.
ETH/BTC Slides 15% Amid Risk‑Off, Support Holds
The risk-off appetite going into tomorrow is clearly seen on the charts with $ETH/BTC. A sharp sell-off taking place of nearly 15% on the BTC pair. That's rough, and that's not great if you're holding #Altcoins. It's still on a strong...
JPMorgan’s Tokenized Dollars Are Quietly Rewiring How Wall Street Moves Money
JPMorgan has introduced its tokenized deposit product, JPM Coin (JPMD), on Coinbase’s public Base blockchain, moving from a private‑chain model to a public‑layer‑2 solution. The token represents interest‑bearing claims on actual bank deposits and is transferable only among whitelisted institutional clients....
BTC Defies BOJ Hype, Eyes $88K Breakthrough
Positively surprised with the current price action of $BTC. Ultimately, everyone is patienced and sidelined for the Bank of Japan event. That's the big event of the month, and given that it provided such a big response in the markets in previous...
#501: Ken Miyachi, Co-Founder of BitMind, on Bittensor, The Escalation of AI-Driven Crypto Scams, and Deepfakes
In this episode, Ken Miyachi, co‑founder of BitMind, explains how AI is amplifying crypto scams, from deepfake impersonations to automated fraud on decentralized platforms like Bittensor. He highlights the urgent need for real‑time verification tools and education to solve the...
Bitcoin Is All over the Place Ahead of U.S. Inflation Data
Bitcoin traded erratically between $86,000 and $90,000 as markets awaited the November U.S. CPI report, expected to rise to 3.1% YoY. The data will be the first comprehensive inflation reading after a government shutdown canceled October’s report, putting the Federal...
Ethereum Needs Simple Explanation to See True Trustlessness: Buterin
Vitalik Buterin says Ethereum must become easier to understand to achieve genuine trustlessness, arguing that a protocol’s complexity limits who can verify it. He suggests simplifying the system, even at the cost of some features, to broaden user comprehension. The Ethereum...
MSCI’s Crypto Treasury Rules Could Spur $15B of Forced Selling
MSCI is considering excluding crypto‑treasury companies from its indexes, a move that could force $10‑15 billion in asset sales. Analysts estimate total outflows of $11.6 billion, with Michael Saylor’s Strategy alone facing $2.8 billion in exits. The affected firms hold $113 billion in float‑adjusted...
US Fed Pulls Guidance Blocking Its Banks From Engaging with Crypto
The Federal Reserve has withdrawn its 2023 guidance that barred uninsured banks from offering crypto services, labeling it outdated. In its place, the Fed issued new guidance that creates a formal pathway for both insured and uninsured banks to engage...
Bitcoin Drifts Lower as $81.3k Emerges as the Market’s Key Fault Line: Asia Morning Briefing
Bitcoin is hovering near $86,400, but Glassnode’s True Market Mean at $81.3k has become the market’s key fault line. Large‑cap crypto assets remain tightly correlated with Bitcoin, making the $81.3k level a critical barrier between a passive drawdown and broader...
World Liberty Proposes Using 5% of Treasury to Boost Its Stablecoin
World Liberty Financial, a Trump‑linked firm, has proposed using 5 % of its WLFI token treasury—about $120 million—to increase the supply of its USD1 stablecoin. The move aims to boost adoption across high‑profile CeFi and DeFi partnerships and generate more value capture...
Ethereum Could Get Faster in January with Gas Limit Rise to 80M
Ethereum developers plan to raise the network’s gas limit from 60 million to 80 million after the Jan. 7 BPO hard fork, aiming to boost transaction throughput. The increase follows a series of prior hikes that have taken the limit from 30 million in...
Coinbase Poised to Become the Next Major Financial Institution
I had the opportunity a few years ago at Morgan Creek to invest in Coinbase while they were still private. I remember thinking they had a chance to dominate the crypto industry and be the leading US-based exchange. Now it is obvious...
Blockspace Supply Outpaces Demand; Users Drive Future
the L1 debate is over blockspace supply exceeds demand what matters now: users and recurring demand for blockspace
CFTC's Acting Chief Pham Poised to Go to Crypto Firm MoonPay Once Mike Selig Lands
Caroline Pham, the acting chief of the U.S. Commodity Futures Trading Commission, will leave her regulator role once Mike Selig is confirmed as the new CFTC chair. She is set to become MoonPay’s chief legal and administrative officer, overseeing the...
Bitmine’s ETH Could Become Second‑largest BTC Treasury
Bitmine holds 3,967,210 ETH. At the current market rate of approximately 0.0327 BTC per ETH, selling all of it would yield about 129,728 BTC. This would make BMNR the second largest Bitcoin Treasury Company after Strategy.
Joining the AMA in Three Hours
Talk to you in 3 hours at the AMA.
How the Crypto Market Structure Law Would Expose that Trump’s WLFI Isn’t DeFi
Since September 2024, Donald Trump’s sons and the Witkoff brothers have launched WLFI, a DeFi‑branded platform backed by the $3.52 billion WLFI token and the $2.7 billion USD1 stablecoin. The USD1 stablecoin was used to settle a $2 billion Abu Dhabi MGX investment into Binance,...
Trump Declares End to Biden's Crypto Crackdown
The White House says President Trump has officially ended the Biden administration's war on the crypto industry https://t.co/6n5NYE9vUO
Switching to a Bitcoin‑only Treasury, Exiting Bitmine ETH
I’ve decided to liquidate all Bitmine Ethereum holdings and pivot to a Bitcoin only treasury strategy.
Jito Foundation to Return to US Amid 'Clearer Rules' For Digital Assets
The Jito Foundation announced it will move its operations back to the United States, citing a clearer regulatory landscape for digital assets. The nonprofit, which builds maximal extractable value (MEV) infrastructure on Solana, had been forced offshore during the SEC’s...
Debased Currency Forces Speculation; Bitcoin Is the Future
Different starting points. Same destination. Coinbase. Robinhood. Sports betting. Prediction markets. When currency is debased, everyone is a speculator. Hard work isn’t enough, you have to "predict" the weather. I won’t build that world for my kids. The future needs Bitcoin.
Coinbase Tokenize Enables All Assets to Go On‑Chain
Every asset is coming onchain, and we’re going to help make it happen with Coinbase Tokenize.
Digital Wealth Partners Introduces Algorithmic XRP Trading for Qualified Retirement Accounts
Digital Wealth Partners, an RIA backed by Ascension Group, has introduced an algorithmic XRP trading solution for qualified retirement accounts such as IRAs. Developed with Arch Public, the strategy runs in a separately managed account structure, with assets held in...
Beware: Falling Trends Linger Longer than Expected.
I hope you understand why knife catching is a high risk game. Trends can continue for longer than you expect. Can't believe people are still trying to make a bullish argument for dead altcoin charts.
Real Companies Leveraging Blockchain for Core Operations
What real businesses do on chain
Acting CFTC Chair to Join MoonPay After Leaving Agency
Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission, announced she will leave the regulator to become MoonPay’s chief legal and administrative officer. Pham, who took the acting role in January, oversaw a modest enforcement record of...
Coinbase App Adds Solana & Base DEX Trading
Trade on @Solana, in the Coinbase app. Our DEX trading feature now gives access to millions of onchain assets on @Solana and @base.
Crypto's $3T Rise Fueled by White Male Dominance
Crypto bros built a $3 trillion ecosystem in 10 years in part because it was the only place white men could fairly compete in the West.
Ex-Alameda CEO Won’t Be Spending the Holidays in Federal Prison
Former Alameda Research CEO Caroline Ellison was moved from Danbury federal prison to a Residential Reentry Management office in New York City, marking her first housing change since November 2024. She is serving a two‑year sentence for her role in...
Temporary Selloff Ahead of BoJ Rate Hike, Rally Soon
Ultra bad markets, I know. Few things to consider: - Tody was VIX expiration day, usually a net negative day for the Nasdaq. - Friday is the BoJ event where they'll announce a rate hike. This event has been providing negative price action...
Quantum Upgrade Proposal Enhances Bitcoin, Aligns with BIP360
A research paper on giving Bitcoin a quantum upgrade. It seems complementary to things contained in BIP360. @cryptoquick @n1ckler @adam3us @Blockstream
Big Players Use Altcoins and US Stocks for Exit Liquidity
Big players add altcoins to bigger exchanges to get exit liquidity and the altcoin dies off. Now they want to bring US stocks to the rest of the world? For what? Exit liquidity? Not sure how I feel about this tbh.
Native USDC Enables Stock Trading, Congrats Brian Armstrong
Congrats @brian_armstrong ! Love to see the native USDC for stock trading.
Wonderland Boosts Ethereum Ecosystem with Key Interop Support
Wonderland is a great team and has been very helpful in the Ethereum ecosystem, including to the EF on interop and Kohaku, and to many Ethereum projects.
US’s Top Exchange Swaps Crypto for Stocks
You know the #Crypto market is cooked when the biggest exchange in the U.S. pivots to stocks.
Coinbase Expands Into Stock Trading
JUST IN: Coinbase has launched stock trading
New Crypto Bills Push WLFI Into Regulated Territory, Challenging Trump
Coming crypto bills draw a bright line between real DeFi and intermediaries, but WLFI appears to fall squarely on the regulated side, raising tough questions for Trump’s agenda. @RegulatoryJason writes https://t.co/3axJdp5vKt
Bear Markets Start With Denial and Super‑Cycle Hype
Every bear market begins the same way: Denial and screams of a super cycle.
LLM Wrapper Lets Users Trade Predictions via Kalshi, dFlow
Product idea LLM wrapper where you can trade against the LLM for prediction markets LLM taps into @Kalshi + @dflow liquidity to bridge to end user
Bitcoin Hype Meets Simulation Nostalgia for the 90s
Society has convinced me that #Bitcoin won't bounce until it hits $67,000. We're living in a simulation. Take me back to the 90's
Altcoin Charts Keep Crashing to New Lows
So many altcoin charts are just completely dead and continue to make new lows. https://t.co/oub6AC60Wh
Avoid Low-Volume Chop: Quick Pump‑Dump Risks
Looked away just in time for the nuke this morning ha. Then volume died off after the quick pump and dump. Don't get caught in the chop in these low volume conditions https://t.co/atTOgRmds5
MetaMask’s Monahan Questions Possible Move BEC Scam
"I saw a couple of documents, and I was like 'Wait, did someone at Move just get a business email compromise scam? Or were they intending to do this deal?'" - Taylor Monahan, Security @ MetaMask
Product‑Market Fit Needed for Token‑Controlled App Ecosystem
This would be sooooo cool. The main blocker to fully realizing this vision is … pmf. We need enough people using seekers and enough apps out there with revenue that token control over the apps is actually meaningful
Open for Builders Building on Arc
We are open for business for builders building on @Arc
France Leads Euro Stablecoin Innovation with EURC Launch
France continues to lead on a pragmatic and innovation-forward stance on Euro Stablecoins. Welcome comments from President Macron. It should not be surprising that we Choose France as our European HQ and home to the issuance of EURC,...
Podcaster Shifts to 80% Cash After Fed Rate Cut
a bankless podcast fork by pop demand every wk on TDR @JustDeauIt shows his portfolio. skin in the game, how he's playing the cycle, the gems on his watchlist. he's switched risk off - 80% cash / 20% crypto...but did the fed...
Hyperliquid Node Needs Open-Source Release
Hyperliquid node should be open source
Circle's Axelar Deal Sparks Regulatory and Market Debate
Discussing the controversial Circle/Axelar acquisition 👀