Today's Crypto Pulse
Morpho secures $175M to expand institutional DeFi lending
DeFi lending protocol Morpho raised $175 million in a financing round co‑led by a16z crypto, Paradigm and Ribbit Capital. The capital will be used to broaden its institutional lending infrastructure. Morpho already manages over $11 billion in deposits and serves major crypto firms such as Galaxy, Anchorage Digital, Bitwise, Coinbase, Kraken and Binance.
Also developing:
By the numbers: BitMine Immersion Technologies acquires 126,971 ETH for $207M
MicroStrategy and BitMine Could Trigger the Largest Bitcoin Crash Ever: DWF Labs Co-Founder Warns
DWF Labs co‑founder Andrei Grachev warned that a forced liquidation by MicroStrategy and BitMine could spark the deepest Bitcoin crash ever, potentially driving the price to $10,000‑$20,000. The warning comes as Bitcoin slipped below $60,000, accompanied by $1.7 billion in spot ETF outflows and $1 billion in 24‑hour market liquidations. MicroStrategy now faces roughly $13 billion in unrealized Bitcoin losses on its 843,000‑BTC holding, while BitMine’s leveraged exposure adds further strain. Grachev urges investors to reassess risk amid these fragile conditions.
DeFi’s Old Hack Vectors Are Fading – But the New Risk Can Hit Six Chains at Once
DeFi’s total losses have plummeted from a peak of $2.62 billion in 2022 to $534 million by 2024, an 80% drop despite rising total value locked. Traditional vectors such as bridge exploits and flash‑loan attacks now represent a tiny fraction of incidents,...
Bitcoin's S&P Ratio May Halve, Falling Toward 5x
Bitcoin Breaks 10x vs. SPX, and May Be Heading to 5x The roughly 10 Bitcoins needed to equal the S&P 500 (SPX) since 2021 may be cut in half. My graphic shows the Bitcoin/SPX ratio breaching this key pivot at the...
Bitcoin Near $60,000 Today vs February: Institutional Sentiment Has Flipped
Bitcoin has climbed back to roughly $60,000, but institutional sentiment has turned sharply bearish. U.S.-listed spot‑bitcoin ETFs recorded $1.72 billion in net outflows last week, the largest weekly redemption in over a year and far above the $318 million outflow seen in...
Hedge Funds Dump 39% of Bitcoin Holdings, Driving 17% Drop in Professional Bitcoin Fund
Institutional investors sold 52,500 Bitcoin in Q1 2026, pulling professional Bitcoin holdings down 17% to 261,000 BTC. Hedge funds alone trimmed their positions by 39%, a move that coincided with a 22% quarterly price decline and heightened regulatory focus on...
Cardano's ADA Slides to Five‑Year Low as Founder Calls Ecosystem a 'Toxic Hellscape'
Cardano’s native token ADA dropped 24% in a week to $0.16, its lowest level in five years. Founder Charles Hoskinson labeled the ecosystem a "toxic hellscape" and urged urgent reforms, highlighting deepening governance and developer attrition issues.
Bitcoin Leads Crypto Loans: 80% LTV, Low Rates
Crypto-backed loan terms come down to the asset. Bitcoin gets the best deal: 70-80% LTV at rates as low as 7.5-8%. XRP runs tighter at 40-60% LTV and 10-15% interest. Most loans run three to six months, with a hard...
Aave's Weekly Revenue Surpasses Last Month's Total
Aave Chainlink SVR quite substantial boost for Aave's revenue. In one week, Aave has earned more revenue than whole last month.
Crypto Rails Made Prediction Markets Global, Gambling Laws May Make Them Local Again
Crypto‑native prediction‑market platforms such as Polymarket and Kalshi have surged to global monthly volumes exceeding $10 billion, rivaling traditional US sportsbooks. South Korean police launched the first user‑level illegal‑gambling probe, targeting domestic Polymarket participants who bet on the June 3 local...
Goldman Sachs, Apex and Archax Launch First Institutional Tokenized Real‑Estate Fund
Goldman Sachs, Apex Group and Archax have created the LRC Tokenized Real Estate Fund SCSp, SICAV‑RAIF, the first institutional‑scale tokenized REIT. The fund issued its inaugural blockchain‑native shares on April 27, 2026, using Goldman’s GS DAP platform and a full‑stack...
CLARITY Act Chances of Passage This Year Falls to 60%, Galaxy Digital Says
The CLARITY Act, Congress’s flagship crypto‑regulation bill, saw its odds of passage this year drop to 60% after Galaxy Digital revised its forecast down from 75%. The decline reflects a shrinking Senate calendar and lingering disputes over ethics provisions and...
Hyperliquid Strategies Posts $1.1 Bn Unrealized Gain as Rival Digital Asset Treasuries Falter
Hyperliquid Strategies, the largest holder of the HYPE token, posted a $1.1 bn unrealized gain after its 23.7 million HYPE position rebounded from a recent pullback. Competing digital‑asset treasury firms, anchored on bitcoin, ether and Solana, are now sitting on multi‑billion‑dollar paper...
Bitcoin Slides to $60,000 as Crypto Market Plunges in Friday Selloff
Bitcoin slipped to roughly $60,000 on Friday, triggering the sharpest crypto‑wide selloff in weeks. The drop coincided with a 3.3% fall in the Nasdaq and a 50% plunge in ZCash, underscoring how quickly risk‑on assets can unwind when liquidity tightens.
Ethereum Foundation Cuts and Departures Aren't a Crisis, Joe Lubin Says
Ethereum co‑founder Joe Lubin dismissed criticism of the Ethereum Foundation’s recent budget cuts, staff exits and restructuring, saying the changes are a strategic refocus rather than a crisis. He argued the foundation should limit its role to stewarding core protocol technology...
A Needed $900B Treasury Cash Rebuild Could Quietly Drain the Liquidity Bitcoin Needs
U.S. Treasury plans to rebuild its cash balance to about $900 billion by end‑June, potentially reaching $1 trillion in July, by issuing roughly $109 billion of new Treasury bills. The cash drain will pull liquidity from the financial system that Bitcoin and other...
Sharrow Ltd Rolls Out ASEAN Digital Securities Strategy with Institutional EMS Trading Platform
Sharrow Ltd announced the ASEAN Digital Advancement Plan, a strategy that introduces an institutional EMS trading framework to accelerate digital securities in Southeast Asia. The plan positions Labuan, Malaysia, as a key connectivity hub and will be showcased at the...
MicroStrategy Sells 32 Bitcoins for $2.5 M, Shares Drop 9.3% as Market Reacts
MicroStrategy sold 32 Bitcoin for $2.5 million, marking its first off‑load in nearly four years. The move coincided with a 9.3% drop in the company’s shares and a 6.1% fall in Bitcoin, sparking debate over institutional sentiment and the firm’s “inoculation”...
Aave Enables Unmatched Large-Scale On‑Chain Borrowing
The sizing here is very interesting. No where else a borrower can borrow at this size with single transaction. Once stocks, credit and other RWAs move onchain, Aave will bring competitive efficiency for borrowing against tradfi assets.
S&P Warns Stablecoin Surge Could Redraw U.S. Bank Payments and Deposits
S&P Global Ratings released a Credit FAQ warning that the $300 bn stablecoin market, dominated by two issuers, could fundamentally alter U.S. bank payment flows and deposit composition. The agency says regulatory choices under the 2025 GENIUS Act will determine how...
$10,000 in Grayscale’s Ethereum Staking ETF Became $5,328 in Six Months as Ether’s 46% Collapse Erased Staking Income
Grayscale’s Ethereum Staking Mini ETF (NYSE: ETH) has slumped 47% year‑to‑date, taking a $10,000 stake from the start of 2026 to roughly $5,328. The fund’s 3‑4% annualized staking yield proved negligible, being wiped out by a single 10%‑plus daily drop in...
Buying Bitcoin Below Prior ATH Yields Long‑Term Gains
#BTC Historically, buying Bitcoin below old All Time Highs from the previous cycle has been an immensely profitable strategy Of course, there is still scope for additional downside for $BTC over the next few months and so even better entries likely...
BTC Holds Above $60k Amid Liquidations, Risk Remains
BTC bounced above $60k after $1.6B liquidations; Fed repricing lifted yields/USD. ETF outflows and inst. sales press. Risk: break below $60k → deeper drop. Trade: wait for $60k reclaim, vol confirm. —V. Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Meta Is Paying Creators in Stablecoins. Spending Them Is Someone Else's Problem
Meta will begin paying creators in USDC across Colombia, the Philippines and eventually over 160 countries, marking a major shift for a company that disburses roughly $3 billion annually. The on‑chain settlement is near‑instant and virtually fee‑free, bypassing traditional banking rails....
Travala Unveils AI-Powered Booking Protocol That Eliminates Checkout Pages
Singapore‑based travel platform Travala rolled out Travel MCP, an AI‑powered hotel booking protocol that lets agents search, reserve and pay for stays using USDC on Coinbase’s Base network. The system covers more than 2.2 million properties and charges roughly $0.01 per...
Aave V3 Enables Capital-Free Collateral & Debt Swaps
During volatile times like these we get few questions about the position swap features on Aave interface and what you can do 1. Collateral swap This allows users to swap their collateral to another collateral while borrowing without needing the capital to...
There Are Millions of Crypto Tokens. Almost None Have Any Value
Bloomberg reports that while Bitcoin slipped below $60,000, the broader crypto market is undergoing a massive token shake‑out. A Delphi Digital study shows fewer than 1,700 of the tens of millions of tokens generate meaningful daily trading, with most venture‑backed...
A Crypto Pioneer Who Turned a $20 Million Family Stake Into a Billion-Dollar Fund Doubles Down on Bitcoin
James Wo, founder of crypto investment firm DFG, leveraged a $20 million family seed to build a fund now exceeding $1 billion in assets. Speaking at the Proof of Talk conference, he reiterated his conviction that Bitcoin enjoys institutional consensus and safe‑haven...
Tether Overtakes Ether, Bitcoin Poised for $10K
The Path to $10,000 Bitcoin: Tether Has Flippened Ether - Bitcoin Is Next The US dollar, via the Tether stablecoin, is now the No. 2 cryptocurrency. The technology is awesome. Cryptos adopted the dollar as their base layer, invested in...
DeFi Matures: Billions in Stablecoins, Fintech Integration, Regulatory Clarity
I've been building DeFi for almost a decade and we went from zero to here: - Over 300b stablecoins issued onchain - Protocols that actually make revenue, all verifiable onchain - Billions in stablecoins yielding interest directly onchain - More safer ways to trade...
DTCC Links Tokenized Securities Platform to Stellar, Paving Way for Blockchain Stock Settlement
The Depository Trust & Clearing Corporation announced on May 27 that its tokenized securities platform will connect to the Stellar public blockchain, with limited production trades slated for July 2026 and a broader rollout in October 2026. Full DTC‑custodied assets...
Polymarket Pays $2.5 M to Influencers, Sparking Manipulation Concerns
Polymarket’s chief marketing officer Matthew Modabber transferred at least $2.5 million to over 800 influencers via a personal PayPal account, including $350,000 to far‑right influencer Nick Shirley. The undisclosed campaign, documented by Politico, has ignited debate over market manipulation and regulatory...
Michael Saylor’s Rallying Cry: Bitcoin Needs Four Forces to Win
Michael Saylor, Strategy’s executive chairman, outlined a four‑camp framework for Bitcoin’s long‑term success after its worst week in two years. He groups the community into Maximalists, Capitalists, Technologists, and Fundamentalists, arguing each provides a distinct but complementary role. Maximalists supply...
Morgan Stanley Teams with Galaxy Digital to Enable In‑Kind Creation of Spot Bitcoin ETP Shares
Morgan Stanley Wealth Management and Galaxy Digital have launched a referral capability that lets qualified clients create and redeem spot Bitcoin exchange‑traded product (ETP) shares in‑kind, bypassing cash transactions. The service carries fees of 15‑25 basis points and operates under...
U.S. Bank Titans Team Up on Tokenized Deposit Network to Launch 2027
The Clearing House and a coalition of the nation’s largest banks unveiled a tokenized deposit network that will link blockchain‑based money with existing payment rails. The system, slated for a first‑half‑2027 launch, aims to give banks programmable, 24/7 settlement while...
Coinbase to Pilot Token‑Backed Mortgage Down‑Payments by Summer 2026
Coinbase and Better Home & Finance will let qualified borrowers pledge Bitcoin or USDC as collateral for down‑payments on Fannie‑Mae‑backed mortgages, launching the program by summer 2026. The initiative follows a 2025 FHFA order to treat crypto as an asset...
Researcher Who Found Zcash's Bug with AI Adds Monero to His Audit Queue
Taylor Hornby, a security engineer who used Anthropic’s Opus 4.8 AI model, uncovered a critical Orchard flaw in Zcash that could have minted unlimited counterfeit coins. The bug, hidden since May 2022, triggered a 38% price drop for ZEC after Shielded Labs...
WLD Plunges 20% as Hayes Dumps Token a Day After Saying He Would Keep Holding It
Arthur Hayes, co‑founder of BitMEX and CIO of Maelstrom, reversed his earlier stance and sold the fund’s entire Worldcoin (WLD) position after a day of saying it would be held. His tweet announcing the dump coincided with a 10% price...
Claude Opus Found a Four-Year-Old Hole in Zcash’s Privacy Layer. Nobody Knows If Someone Already Used It.
Security researcher Taylor Hornby used Anthropic's Claude Opus 4.8 to uncover a critical flaw in Zcash's Orchard privacy pool, a vulnerability that existed from its launch in May 2022 until an emergency fix on June 1 2026. The bug allowed false inputs to...
Bitcoin Back Above $61,000 After Rout Leads to $1.6 Billion Liquidations
Bitcoin reclaimed the $61,000 level on Saturday after dipping to $59,227, following a sharp sell‑off triggered by a strong U.S. jobs report. The sell‑off sparked $1.6 billion in liquidations across roughly 308,000 traders, with Bitcoin longs losing $534 million. The broader market...
A Little-Known 1,250% Rule Could Lock US Banks Out of Bitcoin
Six Republican senators warned regulators that Basel’s 1,250% risk‑weight for Bitcoin effectively bans banks from holding the crypto. The rule forces banks to hold capital equal to or greater than the exposure, making a $100 million Bitcoin position require $100‑150 million in...
Bitcoin and Its Promises Are Showing Their Age
The Bitcoin 2026 conference in Las Vegas highlighted how the cryptocurrency’s once‑bold promises are beginning to look dated. A viral tweet from Michael Saylor, urging people to “sell a kidney if you must—but keep the Bitcoin,” sparked both amusement and criticism. Commentators...
11-Person DEX vs Nasdaq: Hype vs Reality
Is an 11-person DEX really “bigger than the Nasdaq”? Kain and Luca Netz weigh the bull case for HYPE against Kyle Samani's 'Binance 2.0' knock. 🎲 New Uneasy Money. 🎧 https://lnkd.in/d7xjc6K9
BTC: Why Bitcoin May Be Bottoming Now, Levels To Watch
A contrarian buy rating is issued for the Grayscale Bitcoin Mini Trust ETF as Bitcoin stabilizes near the $60,000 long‑term support level. Implied volatility has surged past 55%, indicating a heightened chance of rapid price rebounds. Despite recent outflows and...
Bitcoin’s Broken Promise Wipes Out Billions in Bullish Crypto Bets
Bitcoin’s price plunged after Michael Saylor’s promised Bitcoin acquisition failed to materialize, erasing roughly $2 billion in bullish bets from institutional portfolios. The drop, exceeding 30% in a single week, coincided with the U.S. Treasury’s rollout of stricter crypto tax reporting...
ETH Falls to 13-Month Low on Zcash Bug News and Bitcoin Drop to Sub-$60K: Is $1.4K Next?
Ethereum (ETH) slid to a 13‑month low of $1,540 as bearish pressure intensified across crypto derivatives. Funding rates turned sharply negative, prompting $1.28 billion of leveraged long liquidations in five days. An AI‑detected vulnerability in Zcash’s shielded pool sparked broader security...
Crypto Infrastructure After the Halving: Michael Jerlis on the Evolution of Digital Finance
The latest Bitcoin halving has spurred digital‑asset firms to re‑evaluate mining‑centric models, redirecting compute power toward AI and high‑performance workloads. EMCD, led by founder Michael Jerlis, now operates a 34 EH/s mining pool, serves users in over 120 countries, and has...
Bitcoin Is Suffering From an ‘Attention’ Deficit, as Momentum Traders Have Moved On
Bitcoin’s price has slipped 31% this year and 52% from its October 2025 peak as momentum traders abandon it for AI‑driven chip stocks. The iShares Semiconductor ETF is up about 79% YTD, highlighting the shift toward high‑beta semiconductor exposure. Correlation...
Chainlink CCIP Draws $1.1 Billion in Value in One Week as Virtuals Join Migration Wave
Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) recorded over $1.1 billion in token value moved in a single week as Virtuals Protocol, Pleasing Market and Zest Protocol announced integrations. The migration pushes total assets shifted from LayerZero to CCIP to roughly $5 billion since...
Crypto Tax Proposals Weighed Ahead of Tuesday House Hearing
The House Ways and Means Committee released seven discussion drafts aimed at overhauling digital‑asset taxation, covering stablecoins, staking, mining and routine transactions. Proposals include a $200 reporting threshold for stablecoin trades, a $300 de‑minimis exemption for Bitcoin, and streamlined paperwork...
Rep. Tom Kean Jr. Joins Congressional Crypto Caucus Amid Mystery Over His Absence
New Jersey Republican Tom Kean Jr. announced his membership in the Congressional Crypto Caucus and co‑sponsored legislation aimed at fostering digital‑asset innovation. His move comes as colleagues demand answers about his three‑month disappearance from public view, intensifying scrutiny of his...