Today's Crypto Pulse
Bitcoin crashes below $65K, sparking $1.86B liquidations
On June 3, Bitcoin slipped under the $65,000 psychological level, triggering a 12% weekly decline. The drop wiped out $1.86 billion in leveraged futures positions and coincided with Michael Saylor’s sale of 32 BTC worth about $2.5 million. Spot Bitcoin ETFs saw $2.97 billion of outflows over ten sessions, deepening market pressure.
Also developing:
By the numbers: Strive acquires 2,500 Bitcoin for $185.2M
XRP Slides to $2.08 as Grayscale’s GXRP ETF Debut Fails to Ignite Market
Grayscale launched the GXRP spot ETF on NYSE Arca, expanding regulated access to XRP, but the cryptocurrency slipped from $2.13 to $2.08 as traders focused on technical weakness rather than the product debut. Volume rose 28% above average, yet price failed to break above the $2.14‑$2.15 resistance zone and fell below the $2.10 support, establishing a new short‑term downtrend. Analysts warn that a breach of the $2.03‑$2.05 demand zone could trigger a slide toward $1.91, while sustained inflows into GXRP are needed to translate institutional interest into spot‑price support.
BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply
BitMine Immersion Technology (BMNR) bought 69,822 ether last week, raising its total holdings to 3.63 million ETH – roughly 3 % of the cryptocurrency’s circulating supply. The purchase, valued at about $195 million, pushed the firm’s cash balance to $800 million and its total...
Quantum Computers Won’t Break Bitcoin’s Code, They’ll Break Its Politics
Bitcoin analyst James Check contends that the primary threat posed by quantum computers to Bitcoin is not a cryptographic vulnerability but a governance challenge. While quantum attacks could theoretically compromise the elliptic‑curve signatures used by the network, the protocol’s consensus...
Token Sales Foster Lasting Communities over Fleeting Airdrop Hype
“Airdrops don’t build long-term communities.” Joe Andrews explains why Aztec chose a token sale instead, aiming for aligned stakers, not short-term hype. #crypto #cryptopodcast #airdrops
Hyperliquid’s $314M Unlock Fuels Calls for Clarity, Sell-Pressure Warnings
Hyperliquid, a decentralized derivatives exchange, is set to release $314 million worth of locked tokens, prompting market participants to warn of inevitable sell pressure. BitMEX co‑founder Arthur Hayes argued that the token unlock cannot be mitigated by insider assurances and...
Port3 Network Loses $13 Million in Token Bridge Exploit
The article reports that Port3 Network suffered a $13 million loss after a vulnerability in its token bridge was exploited, allowing attackers to mint and withdraw assets illicitly. It details how the breach unfolded, the technical flaws in the bridge’s smart...
Blockchain Is Struggling to Hold on to Its Original Purpose: Aztec CEO
Aztec Labs CEO Zac Williamson warned that blockchain is drifting from its original ethos of open, permissionless innovation, as the industry pivots toward serving institutional finance. He argued that privacy‑enhancing technologies, such as Aztec's zero‑knowledge rollups, can reconcile this shift...
REVEALED! Why Rex Osprey Launched XRP & Dogecoin ETFs Under the 1940 Act! With Greg King
Greg King, founder of REX Financial and Osprey Funds, explains how they launched the first U.S. spot ETFs for XRP and Dogecoin under the 1940 Act, detailing the regulatory nuances between the 1940 and 1933 Acts. He discusses innovative features...
Investors Should Buy the Dip in Coinbase and Circle, Says William Blair
William Blair analysts urged investors to buy the dip in Coinbase (COIN) and Circle (CRCL), reiterating an outperform rating for both stocks despite the recent crypto market sell‑off. The bank views the slump as a temporary "air pocket" and believes...
How India’s VDA Review May Strengthen Protections Across the Crypto Ecosystem
India, home to over 100 million crypto users, is conducting a formal review of its virtual digital asset (VDA) framework to move beyond a regime focused on a 30% tax and basic AML rules. The review, prompted by the Supreme Court...
Solana Mulls Proposal to Lower Inflation Rate
The article reports that Solana’s governance community is debating a proposal to reduce the network’s inflation rate, aiming to curb token supply growth and potentially boost SOL’s price stability. It outlines the mechanics of the suggested change, including a shift...
Bitcoin Miners Cipher and CleanSpark Upgraded by JPMorgan as HPC Shift Accelerates
JPMorgan upgraded U.S.-listed bitcoin miners Cipher Mining and CleanSpark to overweight, raising Cipher’s price target to $18 and CleanSpark’s to $10.18, as both firms secure long‑term high‑performance computing (HPC) cloud and colocation contracts that shift their business models toward hybrid...
Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg
South Korean crypto exchange Upbit plans to pursue a Nasdaq initial public offering once its merger with Naver Financial is finalized, Bloomberg reports. The merger, expected to close this week, will combine Upbit’s parent Dunamu with Naver’s financial arm via...
Crossroads for Bitcoin: What’s Next – $92k or $79k? Let’s Break It Down
Bitcoin rebounded to around $85,000 over the weekend and has since been trading in a narrow $87,000‑$89,600 range, constrained by liquidity levels on the 30‑minute chart. The price faces an immediate resistance ceiling near $92,800‑$93,400, while a series of support...
Nasdaq-Listed Enlivex Plans $212M RAIN Token Play with Ex-Italian PM Onboard
Nasdaq‑listed biotech Enlivex Therapeutics announced a $212 million private investment in public equity offering, selling 212 million shares at $1 each—a roughly 11.5% discount to the prior close. The proceeds will be used to purchase the Rain (RAIN) utility token, the native...
Where Next?: Crypto Daybook Americas
Bitcoin slipped back to about $86,000 on Monday, ending a four‑week losing streak and pulling the CoinDesk 20 Index down to 2,758 points. Analysts note that while a short‑term rebound is possible, a further drop below $80,000 could trigger a...
NPM Supply-Chain Attack Compromises Major ENS and Crypto Libraries
A supply‑chain attack on the NPM ecosystem has infected more than 400 JavaScript packages with the Shai Hulud self‑replicating worm, according to Aikido Security researcher Charlie Eriksen. At least ten of the compromised libraries are crypto‑focused, many tied to the Ethereum...
Solana, Cardano, Wormhole, Port3: Key Crypto Updates
In today’s Unchained Daily newsletter: • 🪙 Solana thinks about speeding up its inflation crunch • 😬 Cardano dev oopses the chain into a split • 🔗 Wormhole opens a Solana gateway with MON • 🕳️ Port3 hit for $13M...
Hype Wins Only With Massive Revenue Growth Amid Sell Pressure
Ser just some simple maths will tell you the only way $HYPE overcomes the uncertainty is massively growing rev. Even if the team pinky swears to not sell, there is nothing holding them to that. So you have to assume...
Bitcoin Longs on Bitfinex Jump 40% in Three Months as Traders Double Down on Dip
Margin‑long positions on Bitfinex have surged 42% over the past three months, reaching roughly 70,700 BTC despite Bitcoin’s 26% price decline to about $86,100. This level of leveraged buying has been hit three times since September 2024, each preceding a...
Liquidity Improves, $80k Bitcoin Level Likely Holds
minor improvements in $ liq: - fed qt stops dec 1, this wed will prob be last fall in b/s - us banks increased lending in nov we chop below $90k, maybe one more stab down into low $80k's but i think $80k...
Crypto Treasuries Facing $130 Billion Value Reckoning as ETFs Reshape Market
Crypto treasury firms that have been bundling Bitcoin for corporate investors are now confronting a $130 billion valuation hit as spot Bitcoin ETFs gain traction and provide a cheaper, more liquid alternative to indirect holdings. The premium investors once paid for...
China Returns as Third Largest Bitcoin Mining Hub With a 14% Share: Reuters
China has re‑emerged as the world’s third‑largest bitcoin mining hub, accounting for roughly 14% of global hashpower by October, according to the Hashrate Index. The resurgence is fueled by cheap, surplus electricity and expanding data‑center capacity in provinces such as...
Pump.fun’s Massive $436M Cash-Out Turns Heads as Memecoin Mania Fades
Solana‑based memecoin launchpad Pump.fun has moved more than $436 million in USDC to Kraken since mid‑October, marking a massive cash‑out after the October crypto market crash slashed speculative demand. The platform’s monthly revenue fell 53% to $27.3 million in November, the lowest...
Animoca Brands Wins Initial Abu Dhabi Approval to Operate Regulated Fund
Animoca Brands has received in‑principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) to operate as a regulated fund manager within the ADGM jurisdiction. The clearance paves the way for the company to manage collective investment...
Thai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report
Thai cryptocurrency exchange Bitkub, the country’s largest with a 24‑hour trading volume of $60.75 million, is exploring a $200 million initial public offering in Hong Kong, likely slated for next year. The move follows a shelved plan for a domestic IPO after Thailand’s...
Mint's Clickbait Undermines Credibility as CoinDCX Grows
Mint is creating spicy stories with click bait headlines, incorrect facts and numbers, and hiding this article behind a 'paywall' to drive subscribers. Btw, this journo has been trying since months to stitch a story on CoinDCX by reaching out to...
#494: Santiago Roel Santos, CEO of Inversion, on Crypto’s Valuation Problem, Mental Models, and the Current State of Crypto
In this episode, Santiago Roel Santos, founder and CEO of Inversion, examines crypto’s valuation challenges, arguing that most blockchains are overvalued while true value will shift to businesses built on crypto infrastructure. He contrasts "casino flow" revenue with recurring software...
Buterin Says X’s New Location Feature ‘Risky’ as Crypto Users Flag Privacy Concerns
Ethereum co‑founder Vitalik Buterin labeled X’s new mandatory country‑visibility feature as “risky,” echoing concerns from crypto leaders that the change threatens user privacy. Uniswap founder Hayden Adams called the rollout “mandatory doxing” and “psychotic,” while Summer.fi CTO Andrei David warned that forcing...
DOGE Beats the Blue Chips as D.O.G.E Calls It Quits
Dogecoin jumped more than 3% on Monday, buoyed by anticipation of Grayscale’s new DOGE spot ETF (ticker GDOG) slated to debut on NYSE Arca. The rally outpaced the broader crypto market, with the CoinDesk 20 Index up only 0.6% and...
Rising Crypto Token Value Capture May Fuel 2026 Rebound: Bitwise CIO
Bitwise CIO Matt Hougan said that crypto tokens are improving at returning value to investors, citing higher on‑chain activity and more robust tokenomics. He highlighted that the upcoming Ethereum Fusako upgrade, which aims to enhance fee structures and token utility,...
Vienna Poised to Become Europe’s Crypto Capital
Who could have known that Vienna, my birth town and where I grew up now has the clear potential to become the Crypto Capital of Europe as perhaps one of the most attractive places to setup a European digital asset...
Starknet: The Superchain Delivering Scale, Privacy, Quantum‑Ready UX
You know how Superman can cut a tree with his laser eyes, stop a train from falling into a chasm with his strength, and even turn back time with his speed? That's Starknet -- it can scale massively, provide privacy, and...
PlayAI Network - The Orchestration Layer for Crypto X AI
The episode explores PlayAI Network as an orchestration layer that bridges crypto and AI, detailing how it enables seamless integration of AI models with blockchain infrastructure for secure, decentralized computation and data sharing. It highlights the platform’s modular architecture, tokenomics,...
Aztec Launches Private, Decentralized Ignition Chain Challenging L2s
Privacy is back — and Aztec is taking its own path. 🕵️♂️ From Devconnect ARG, co-founders Zac Williamson & Joe Andrews unpack: 🔐 Why Ignition Chain launched as private + decentralized 🌉 Why they believe most L2s are “parasitic” 💰...
Crypto Users Overvalued 5‑50× versus Meta
Crypto's users are valued 5×–50× higher than Meta’s with none of the monetization, retention, or network effects that would justify it. New post: 🔗 https://t.co/XHKAeMwVvx 📉🧮 https://t.co/15ZpuZqZdc
This $4.3M Crypto Home Invasion Shows How a Single Data Leak Can Put Anyone’s Wallet — and Safety — at...
In June 2024, three armed men posing as delivery drivers broke into a UK residence, threatened the occupants and stole private keys that gave them access to more than $4.3 million worth of cryptocurrency. The thieves used personal data from a...
YGG Trading Campaign Launches on Bithumb for Korean Community
We have a $YGG trading campaign on @BithumbOfficial via @cedelabs for our Korean 🇰🇷 community!
Monad:
Meet @monad - chain abstracted from day 1. @near_intents and @hotdao_ powering usability and liquidity.
Japan’s 20% Crypto Tax Sets a New Bar in Asia, Pressuring Singapore and Hong Kong as Retail Costs Fall
Japan’s Financial Services Agency is drafting a regulatory overhaul that would reclassify Bitcoin, Ethereum and roughly 100 other digital tokens as securities, subjecting them to the country’s 20% capital gains tax – the lowest rate among major Asian markets. The...
Unified Liquidity Layer Delivers Best Cross‑chain Pricing
Intents matching lives beyond any single chain - allow to create unified liquidity layer and get best price between all venues (onchain and offchain).
Expect a Relief Rally Before Buying Bitcoin Cheap in 2026
GOOOD MORNING CRYPTO ☀️☀️☕️🏂 NEW WEEK - NEW OPPORTUNITY MARKET IS IN DOWN TREND BUT RELIEF RALLY WILL COME AT SOME POINT And remember - WE WILL BUY BITCOIN CHEAP CHEAP CHEAP IN 2026!!!
Vibe Coding, No-Code, and the New Rules of Web3 Development
CryptoSlate’s Slate Sunday column examines the emerging concept of “vibe coding,” a trend where developers rely on intuitive, low‑code or no‑code tools to build Web3 applications faster and with fewer technical barriers. The piece argues that this shift is reshaping...
When Code Becomes the New Legal Authority
Code is Law https://t.co/cAYSIO3sNt
Global Bitcoin Community Rallies for Hal Finney ALS Fund
Hi to all Bitcoiners - it’s Fran here, posting from Hal’s account. 💛 I want to express my appreciation to all of the individuals and organizations that have supported the #RunForHal conference run initiative, raising funds for the @youralsnetwork Hal Finney...
JE Bitcoin Rumors Debunked: What’s True?
Debunking the JE Bitcoin rumors. #cryptowendyo #crypto #bitcoin #xrp #ethereum #solana #cryptocurrency #wendy
Bitcoin's Next Rally Likely Small Before Breakdown
#BTC In 2021, Bitcoin generated almost +100% in the highest overextension beyond the Macro Descending Triangle base The smallest rebound before breakdown was however ~half of that highest rally (+39%), typical of a weakening support before complete lapse In this cycle,...
Building Trust Early: No Shortcuts, Right‑Way Crypto
Being early to a new field is hard. You need to ship fast, but you still need to operate in good faith without any clear rules. We would try to work with regulators and some literally thought crypto was a video...
Distinguishing Proof Time From Time‑to‑Proof in Ethereum
@koeppelmann @ziskvm @eth_proofs Proof time is the time it takes to build the proof. Time to proof is the time between the timestamp in the block and the time when the proof is available in @eth_proofs https://t.co/RlT3x8yiSa
Daily Wins From Volatility Trading—Join Our Community
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