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
The Protocol: Monad Airdrop + Blockchain Go Live
Also: Celestia’s Matcha Upgrade, Fidelity on Fusaka and World’s New Payroll Pilot.
STARKs Survive Quantum; SNARKs Crumble Due to Secret Repetition
STARKs vs. SNARKs and the Quantum Threat Famously, STARKs are post-quantum secure but SNARKs break by quantum computers. Why? I'm referring here to the elliptic curve SNARKs, the kinds most of you are familiar with (like Groth16). A SNARK uses a "proving key"...
Grayscale Files to List First Zcash ETF in the U.S. Amid 1,000% Rally
Grayscale Investment Trust has filed a proposal to convert its Zcash Trust into a spot exchange‑traded fund, positioning it as the first U.S. listed Zcash ETF. The move follows a dramatic 1,000% rally in ZEC, which has outperformed both Bitcoin...
Robinhood Makes Prediction Market Push With Purchase of Former FTX Platform LedgerX
Robinhood announced the acquisition of LedgerX, the former FTX‑owned prediction‑market platform, in partnership with market‑making giant SIG. The deal gives Robinhood a CFTC‑approved license to offer regulated crypto futures, options and binary contracts. By integrating LedgerX’s infrastructure with SIG’s liquidity,...
Four Reasons Why Ethereum Price Remains Bullish Above $2,800
Ethereum (ETH) has rebounded 11% since falling below $3,000 on Nov. 22, reclaiming the $2,800 support zone. Apparent demand surged to a 26‑month high of 90,995 ETH, while spot ETH ETFs recorded $230.9 million of inflows after a week of heavy outflows. Analysts...
How Cooling Inflation Historically Affects Bitcoin Narratives and Price Behavior
The article examines how declining inflation reshapes Bitcoin’s narrative, moving it from a pure inflation hedge toward a liquidity‑driven growth asset. It reviews three historical periods—2013‑15, 2018‑19, and 2022‑24—showing how each cooling phase altered price dynamics and institutional interest. Volatility...
CoinDesk 20 Performance Update: Only Bitcoin Cash (BCH) Gains, Up 2.8%
Internet Computer (ICP) fell 3.4% and Litecoin (LTC) dropped 1.7%, leading the index lower. .
Debate Erupts over Crypto’s Network Effects as Investors Question L1 Value
A debate has erupted over whether cryptocurrencies exhibit true network effects, with Inversion Capital founder Santiago Roel Santos arguing that L1 blockchains are overvalued because they lack the positive feedback loops seen in platforms like Facebook. Santos cites Metcalfe’s Law...
Thailand Asks Sam Altman’s World to Delete 1.2M Iris Scans over Data Risks
Thailand’s Economic and Social Development Board has ordered Sam Altman‑backed World to delete the iris scans of 1.2 million Thai users, citing violations of the country’s Personal Data Protection Act. The directive follows a raid on a local Orb scanning site...
Next Week Could Decide Whether SEC Lets Your Apple Shares Live On-Chain — with the Same Protections
The SEC’s Investor Advisory Committee will meet on Dec. 4 to address how publicly traded equities could be issued and traded on a blockchain with the same regulatory protections as traditional shares. The discussion moves beyond wrapped derivatives and speculative tokens,...
Bitcoin Must Overhaul for Quantum Threat, Yet Stagnates
OP_CAT Urgency: How can Bitcoin avoid the quantum iceberg? Bitcoin is like the Titanic: It’s the best, biggest, badass vessel to sail through rough financial seas. But... There’s a huge iceberg out there -- the quantum computer -- and when it...
A New Crypto Project Vowed to Transform Stablecoins. Then Its Token Crashed 90%
A newly launched crypto project promised to overhaul stablecoin infrastructure, but its native token has slumped nearly 90% from its early peak. Thin on-chain usage, mounting supply pressure, and limited communication from the team have intensified market uncertainty. The token’s...
Match Your Strategy to Market Conditions or Lose Money
If you're giving profits back to the market, read this: Your strategy isn't always the issue. Often, it's the environment you're trading it in. Example: If you're a momentum trader (trading with the trend) but the market environment is choppy, Even your best setups...
Swiss Bank AMINA Trials Google Cloud's Ledger for Instant Payments
Swiss private bank AMINA has completed a pilot using Google Cloud’s Universal Ledger to process fiat payments instantly. The test demonstrated that banks can settle transactions in real time without issuing a new digital currency. Google’s cloud‑based ledger acted as...
Targeted Gas Increases to Penalize Inefficient Ethereum Operations
Expect continued growth but more targeted / less uniform growth for next year. eg. one possible future is: 5x gas limit increase together with 5x gas cost increase for operations that are relatively inefficient to process Potential targets for such increases (my...
Filecoin Rises 1.8% as Storage Token Defies Crypto Weakness
The decentralized storage protocol showed selective strength while broader digital assets retreated.
Bitcoin’s Fragile Recovery
The episode examines Bitcoin's tentative rebound after a recent dip, highlighting shallow liquidity, fragmented flows, and a sharp futures market reset that suggest consolidation rather than a decisive reversal. Analysts note that while rate‑cut expectations are rising and long‑term holders...
Cango Goes NYSE, Holds 6,773 BTC Reserve
BTC proxy $CANG is now listed on NYSE Previously listed on Nasdaq; now successfully converted previous American Depositary Shares (ADS) into ordinary shares on the NYSE at a 1:2 ratio One of the fastest-growing mining companies in the industry, Cango has achieved...
Bitcoin Flashes Reliable Bottom Signal as Short-Term Holders Capitulate
Analysts see Bitcoin forming a reliable bottom as short‑term holders capitulate, with the price rebounding alongside U.S. equity strength. The rally has pushed Bitcoin above the $84,000 level and is now testing the $88,000 threshold, which many view as the...
Blockrise Wins Dutch MiCA License, Brings Bitcoin-Backed Loans to EU Businesses
Blockrise, a Netherlands‑based Bitcoin‑only firm, secured a Dutch Authority for the Financial Markets (AFM) license under the EU’s Markets in Crypto‑Assets (MiCA) framework, allowing it to offer regulated Bitcoin custody, trading and asset‑management services across Europe. The company launched a...
Berachain’s $25M Refund Clause Sparks Legal MFN Debate
A VC term we’ve never seen before in crypto. 👀 Jack Kubinec joins Bits + Bips to break down: 💰 Berachain’s secret $25M refund clause 📉 What it means now that BERA is down ~66% ⚖️ The MFN + legal...
Buy the Dip: Naoris Offers Quantum‑resistant Blockchain Shield
#Altcoins have been getting hammered lately, which means that it's time to scoop up projects. In previous bear markets, those projects have been going to ridiculously low valuations as well. $NAORIS is interesting. It's holding a higher timeframe support level, and it continues...
Securitize Gets EU Green Light, Plans Tokenized Securities Platform on Avalanche
Securitize has secured regulatory approval in the European Union to operate a tokenized securities platform, extending its compliant infrastructure across both the U.S. and EU. The firm will launch the service on Avalanche, leveraging the blockchain’s high throughput and low‑cost...
FCA Trials Crypto Transparency Templates as UK Shapes New Rulebook
The FCA approved RegTech firm Eunice to pilot standardized crypto disclosure templates in its sandbox, testing them with major exchanges such as Coinbase, Crypto.com and Kraken. The experiment seeks to boost market transparency and feed real‑world data into the UK’s...
Crypto Daily: Multisig Blunder, Polymarket Legal, Klarna Stablecoin
In today’s @Unchained_pod Daily newsletter: 🧨 One multisig mistake blew up MegaETH’s billion dollar plans 🇺🇸 Polymarket gets the U.S. green light to operate legally 🕳️ EDEL’s token launch drama erupts as Bubblemaps calls out sniping 💵 Klarna drops its own stablecoin for cheaper...
Mega
In today’s Unchained Daily newsletter: 🧨 One multisig mistake blew up MegaETH’s billion dollar plans 🇺🇸 Polymarket gets the U.S. green light to operate legally 🕳️ EDEL’s token launch drama erupts as Bubblemaps calls out sniping 💵 Klarna drops its...
Trump-Backed WLFI Ramps up Buybacks as Token Lingers 50% Below Launch Price
The Trump family‑backed venture WLFI has spent nearly $8 million buying its own token, WLFI, in an effort to prop up a market that is currently trading about 50% below its launch price. By purchasing tokens, WLFI seeks to artificially reduce...
3x Damages Threat From a 284-Page Binance Terror-Financing Case Puts Exchanges on Notice
A 284-page complaint lodged in a North Dakota federal court accuses Binance, its former CEO Changpeng Zhao, and executive Guangying "Heina" Chen of facilitating terror financing linked to the Oct. 7 Hamas attacks. The lawsuit, filed on behalf of 306 American...
Bullish Markets Clash with Structural Crisis in DATs
Markets are turning bullish again, but DATs may be heading into a death spiral. 📉🔥 On Bits + Bips, Austin Campbell, Ram Ahluwalia & Chris Perkins debate: 📈 Why the macro setup now looks strong ⚠️ Why Ram says DATs...
Integrity and Thoughtfulness Define Enduring Blockchain Success
One of the most important reasons for @placeholdervc to back @monad early was @keoneHD was obviously extremely thoughtful and high-integrity. The blockchains that persist will all have this common, founding chord.
Crypto Markets Today: Altcoins Remain Subdued, MON Surges on Upbit Listing
Crypto markets held steady on Wednesday, with Bitcoin unchanged and the broader market still classified as being in "extreme fear." Altcoins remained largely muted across major exchanges, reflecting cautious trader sentiment. The standout exception was MON, which surged sharply after...
Crypto Scandals Repeat: New Villain Every Four Years
WHO IS THIS SEASONS VILLAIN?! 2014 - MtGox 2018 - Bitconneeeeect 2022 - FTX, Celsius 2026 - ???????
Grayscale Files S‑3 to Launch Spot ZEC ETF
GRAYSCALE OFFICIALLY FILES S-3 TO CONVERT ZCASH TRUST INTO A SPOT $ZEC ETF! 🚀 https://t.co/Ffd60rEwem
Grayscale Converts Early Zcash Trust Into ETP
This morning, @Grayscale filed a Form S-3 to convert the Zcash Trust into an ETP Launched in 2017 well before privacy emerged as an investment theme, the Zcash Trust was one of Grayscale’s earliest products
DeFi for Everyone: Join the Waitlist Now
DeFi for everyone. waitlist open 👉 https://t.co/C8YiSlAKH5
TradFi May Hunt Saylor, Driving Bitcoin Toward Liquidation
the lions see a hurt gazelle the sharks see a bleeding seal WILL TRADFI CHASE @saylor AND PUSH BITCOIN TO HIS LIQUIDATION PRICE? that would be cray cray could they do it? oooooooh yes guys
Earn 5% Cash Back for 12 Holiday Days
‘Tis the season to earn more 🎁 For the next 12 days, earn 5% back on everything using the Gemini Credit Card Because every holiday purchase should come with a little extra cheer https://t.co/zqsMJXBhLx
Bolivia Fully Integrates Crypto Into National Financial System
BULLISH 🚨 BOLIVIA'S GOVERNMENT ANNOUNCES FULL CRYPTO INTEGRATION INTO IT’S OFFICIAL FINANCIAL SYSTEM! 🚀 https://t.co/IOLAVgdqUG
DATs Trapped in Death Spiral: Too Structured, Low Value
.@ramahluwalia doesn’t mince words on DATs. 😬 He says most are stuck in a “death spiral” — too much structure, too little value, and no clean way out. Is he right about where this ends? https://t.co/NmIJgufbnZ
JPMorgan Exploits Loophole to Offer Interest‑Bearing Stablecoin
🚨 THREAD: JPMorgan Found a Loophole Around Stablecoin Restrictions The bank's $JPMD token on Base can pay interest and skip full collateralization, two things Tether and Circle are banned from doing under GENIUS Act @RegulatoryJason investigates at @unchained_pod 1/3 https://t.co/drVgjTNKr5
Starknet Stablecoin Supply Set to Surge Further
Starknet's stablecoin supply. And that’s before native USDC + CCTP V2 + LayerZero have even entered the picture. (coming soon) General direction: Up! https://t.co/UmLhjDjpvg
Leios Project Advances 24/7 – Track Live Progress
The 24/7 march towards Leios continues. Bookmark this website to see real time progress https://t.co/BUqnqd3k5R
Texas Invests $5M in Bitcoin ETF Pending State Reserve
TEXAS JUST BOUGHT $5M IN A BITCOIN ETF AS A PLACEHOLDER WHILE IT FINALISES ITS OWN STATE BTC RESERVE! 🚀 https://t.co/d7CfoUla3t
MicroStrategy's 2025 Bitcoin Sale Likelihood Near Zero
THE CHANCE OF @MicroStrategy SELLING ANY $BTC IN 2025 IS AT JUST 3%📉 THE COMPANY LAST SOLD BITCOIN AT THE END OF 2022 - SELLING 704 BTC FOR ROUGHLY $11.8 MILLION FOR TAX PURPOSES https://t.co/KciZ1LZvS8
JPMorgan Files for First Bitcoin-Backed Bond
BULLISH: JPMorgan has filed to launch a bond backed by Bitcoin https://t.co/v9nOVkbOhf
Klarna Launches KlarnaUSD Stablecoin on Tempo Platform
UPDATE🚨 KLARNA HAS ANNOUNCED THE CREATION OF KlarnaUSD, ITS NEW STABLECOIN ON TEMPO. THE COMPANY HAS 114 MILLION CUSTOMERS🌎 https://t.co/UPujEkSGep
ETH Dominance Above 10.05% Signals Future Growth
$ETH Dominance Ethereum Dominance continues to occupy the green phase, specifically in the lower portion of it (red) As long as ETHDOM can maintain itself above 10.05% (blue) then it should be positioned for higher market dominance levels over time #ETH #Crypto...
Bank of Russia to Permit Crypto via Mutual Funds
NEWS🗞️ THE BANK OF RUSSIA IS AMENDING RULES TO ALLOW CRYPTO INVESTMENTS THROUGH MUTUAL FUNDS, LIFTING CURRENT RESTRICTIONS https://t.co/BCNa6EFSgo
BTC Crash Marks Final Capitulation, Cycle Continues
This cycle is far from over. This massive crash in $BTC was the final capitulation that made everyone bearish.
BitgetWallet Joins NEAR Intents, Unlocking Joint Web3 Distribution
Welcome @BitgetWallet to NEAR Intents family. Reminder that every asset that gets integrated with @near_intents gets access to joint distribution of top wallets and exchange apps across web3.