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Dogecoin’s (CRYPTO: DOGE) official X account put a playful spin on a classic Benjamin Franklin quote on Thursday to describe Japan’s initiative of rewarding tax payments with in-game cosmetics.

DOGE In Japan?

Dogecoin quoted a Dexerto report on how players of the popular game, “Final Fantasy 14,” in Japan can now receive a Shiba Inu mount for redirecting a portion of their income taxes to a municipality rather than to the central government.

“3 things guaranteed when you live in Japan: death, taxes, and a giant doge,” Dogecoin joked, in what was a clever twist to the original quote by Franklin, “In this world nothing can be said to be certain, except death and taxes.”

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The U.S.-Iran deal “undercut” Benjamin Netanyahu’s position on Iran and exposed the limits of his influence with a U.S. president widely seen as pro-Israel, according to a report published on Thursday.

Iran Deal A Setback For Israel?

Israeli analyst Danny Citrinowicz deemed the agreement a strategic “catastrophe” that ended up “legitimizing” the Iranian regime Israel wanted to overthrow, Reuters reported.

The 14-point deal includes U.S. commitments to terminate all sanctions on Iran, including oil exports, a minimum $300 billion aid and reconstruction package, lifting the naval blockade of Iranian ports, and the two countries respecting each other’s sovereignty.

And while Iran reaffirmed that it will not build or acquire nuclear weapons, details on material removal are pending further talks.

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Leading cryptocurrencies fell, while stocks rebounded on Thursday as investors parsed the hawkish pivot in the Federal Reserve’s policy.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m. EDT)
Bitcoin (CRYPTO: BTC) -2.49% $63,012.93
Ethereum (CRYPTO: ETH)
               		 -2.49% $1,713.17
XRP (CRYPTO: XRP)                          -3.39% $1.14
Solana (CRYPTO: SOL)                          -3.49% $69.83
Dogecoin (CRYPTO: DOGE)              -2.88% $0.08369

Crypto Market Dips Further

Bitcoin fell to the early $62,000s, while Ethereum tumbled to an intraday low of $1,670, extending the broader market declines. XRP and Dogecoin also traded in the red.

Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closing down 3.46% and 1%, respectively. 

Long liquidations surged, accounting for 80% of the total cryptocurrency liquidations in the last 24 hours, according to Coinglass data. 

Bitcoin’s open interest fell by 2.38% over the last 24 hours. That said, the majority of retail and whale derivatives traders on Binance maintained significantly higher long positions in the apex cryptocurrency

“Extreme Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:25 p.m. …

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Ethereum (CRYPTO: ETH) recorded all-time highs in users, transactions and throughput during Q1, even as its market capitalization, trading activity and fee generation declined amid broader crypto market weakness.

Activity Surge, But Financial Metrics Dive

Ethereum’s network delivered record levels of usage during the quarter, with monthly active users, transaction counts and throughput reaching new highs, the Token Terminal Q1 ecosystem report stated on June 18.

ETH holder addresses rose 8.1% over prior quarter, while 25% from prior year quarter, suggesting ownership continued broadening despite the market downturn.

The growth came as ETH continued to cement its position as the leading blockchain for tokenized assets, stablecoins and on-chain financial applications.

The report highlighted several key developments during the quarter, including the rollout of …

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Bitcoin (CRYPTO: BTC) briefly bounced to $65,000 following the Iran peace deal, but Glassnode’s weekly report shows 95% of recent buyers remain underwater, with the market still in bear territory.

Why Did The Peace Deal Bounce Bitcoin But Not Fix The Chart?

WTI crude fell from $86 to $76 in 48 hours after the June 14 peace deal, draining the geopolitical risk premium that had compressed Bitcoin for three weeks. 

Bitcoin recovered from its lows but remains 15% below the True Market Mean at $77,200, the on-chain threshold that separates bear from bull market regimes. Until price reclaims that level, the structural read stays bearish.

The Short-Term Holder MVRV, which measures whether recent buyers are in profit or loss, recovered from 0.81 to 0.90 but stays below the …

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Bitcoin extended losses as markets reacted to a hawkish Federal Reserve stance under new Chair Kevin Warsh, boosting the U.S. dollar and weighing on risk assets.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,077
Ethereum (CRYPTO: ETH) $1,712
Solana (CRYPTO: SOL) $69.75
XRP (CRYPTO: XRP) $1.14
Dogecoin (CRYPTO: DOGE) $0.08245
Shiba Inu (CRYPTO: SHIB) $0.054672

Notable Statistics:

  • Coinglass data shows 136,366 traders were liquidated in the past 24 hours for $558.38 million.       
  • SoSoValue data shows net outflows of $82.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $29.4 million.
  • In the past 24 hours, top losers include Lighter, SPX6900 and Aerodrome Finance.

Notable Developments:

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Bryan Choe, Head of Research at RWA.xyz, says the tokenized real-world asset market is entering a new phase,  but warns that the industry still misunderstands what is required to turn tokenized products into functioning markets.

With roughly $30 billion worth of tokenized real-world assets on-chain and major financial institutions increasingly experimenting with tokenized products and blockchain-based distribution models, a growing number of market participants view tokenization as one of the most important trends shaping the future of finance.

Yet the market’s most important questions have changed and whether assets can be tokenized is no longer questioned. The debate rises up whether tokenization can create functioning markets around those assets. While issuing a token is pretty straightforward, what is far more complicated is building liquidity and infrastructure, along with distribution and user trust.

To better understand where tokenization stands today—and where it may be heading next—I spoke with Bryan Choe, Head of Research at RWA.xyz, a data and analytics platform tracking tokenized real-world assets across public blockchains.

On-Chain Capital Markets Are Still in Their Infrastructure Phase   

According to Choe, one of the biggest misconceptions about tokenization is that it was always a technology problem: 

“Every market needs infrastructure and participant buy-in to develop, and tokenization is no exception.” 

Actually, tokenization remained largely a niche concept for years, although the technology already existed.

It was institutions that first brought tokenized assets closer to the financial mainstream. Custodians, broker-dealers, fund administrators, auditors, oracles, and other service providers entered the ecosystem, making institutional investors increasingly comfortable holding and transacting in tokenized assets, according to Choe, and not because the technology improved overnight. 

The second catalyst came from stablecoins, which Choe sees as the capital base that made today’s tokenized asset market possible. The rapid growth and broader acceptance of stablecoins since 2022 helped create the conditions for tokenized assets to scale.

“We view total stablecoin market capitalization as a useful proxy for on-chain ‘dry powder’ that can rotate into tokenized assets.”

At the same time, the macro environment changed. Higher interest rates and declining DeFi yields after the 2022 bear market pushed crypto-native capital toward tokenized Treasury products, he notes.

On the institutional side, asset managers began looking at tokenization through a different lens — not only as a cost-saving tool, but also as a revenue opportunity.

“BlackRock’s 2024 launch of BUIDL helped establish a playbook and encouraged other financial institutions to tokenize existing products or launch new ones,” he argues.

That difference between institutional and crypto-native demand helps explain why the first scalable use cases did not follow the consumer-focused narrative.

“We are still in the early stages of building a new on-chain capital market, and liquidity infrastructure use cases are the first major phase of this evolution.”

As Choe puts it:

“For the reasons above, crypto-native capital initially moved into tokenized Treasury products for treasury management and yield. From there, onchain allocators have become more comfortable venturing out the risk curve as they have become more comfortable with additional structural risks that tokenized assets carry. Some investors are now seeking longer-duration or higher-risk opportunities that can generate incremental yield. We expect this progression to continue as onchain capital markets mature.”

According to him, it is also worth distinguishing these products from non-yielding assets such as tokenized stocks and commodities, which are seeing stronger consumer-facing adoption in certain markets.

“These products provide easier access to dollar-denominated assets for offshore and non-U.S. users, particularly those already using stablecoins,” he explains.

The Rise of Exposure Without Ownership

While tokenized Treasury products have attracted capital looking for yield and operational efficiency, another corner of the market has been growing for almost the opposite reason: exposure.

Recent months have seen rapid growth in synthetic RWA products and equity-linked perpetuals, highlighting demand that extends well beyond traditional notions of ownership.

“This shows that the market is split into two broad segments: participants who want exposure to an asset’s price performance, and participants who want ownership of the underlying asset,” Choe says.

According to Choe, demand currently appears strongest from the first group. Many of the characteristics that made crypto markets attractive in the first place — leverage, 24/7 trading, and frictionless directional exposure — naturally translate to synthetic RWA products.

Actual tokenized securities are much harder.

“They are directly connected to the underlying securities and therefore need to account for corporate actions, transfer-agent integration, custody, disclosures, redemption mechanics, voting rights, tax treatment, and legal enforceability. …

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Sam Bankman-Fried told a fellow inmate he plans to launch his own coin upon release, according to a New York Magazine profile published Wednesday drawing on months of phone calls and an in-person prison visit.

Life At Lompoc: Pickleball, Pixel Dungeon, and a Vegan Cookbook

Bankman-Fried, 34, now lives at FCI Lompoc in California after transferring from Terminal Island this spring, roughly 30 pounds lighter and tanned from daily pickleball. 

He has played the mobile game Shattered Pixel Dungeon approximately 6,000 times, written a tongue-in-cheek Vegan Prison Cookbook, and spent months serializing a prison memoir called Manfred, distributed to a small email list through the prison’s CorrLinks system.

Beyond the games and writing, his daily routine revolves around CorrLinks terminals where he drafts X posts for his father to publish on his behalf, works on legal motions, and maintains outside …

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Mexican billionaire Ricardo Salinas says Bitcoin (CRYPTO: BTC) remains his preferred financial asset, arguing that fiat currencies are being debased globally.

Investors should treat crypto more like long-term property than a short-term trade, according to the billionaire.

“I Turn Fiat Into Bitcoin“

In a CoinDesk interview on June 17, Salinas highlighted his exposure to Bitcoin has increased during the recent market pullback. Over the past year, BTC prices plunged around 40%.

“As soon as I get my hands on some fiat, I turn it into Bitcoin,” Salinas said.

The Grupo Salinas chairman clarified that earlier comments about his wealth being heavily allocated to Bitcoin referred to his liquid financial portfolio, not his total net worth, which includes businesses, homes, boats, planes and other real assets.

Salinas said about 80% of his liquid investment portfolio is now …

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Bitcoin (CRYPTO: BTC) dropped back below $63,000 on Thursday as the broader crypto market shed 4%.

Why Is Crypto Falling While AI Stocks Hit New Highs?

The divergence between crypto and AI-linked equities is widening sharply. 

Cipher Digital (NASDAQ:CIFR) hit new all-time highs up 10%, WhiteFiber (NASDAQ:WYFI) surged 15%, TerraWulf (NASDAQ:WULF) added 4%, Galaxy Digital (NASDAQ:GLXY) gained 4%, and IREN (NASDAQ:IREN) rose 3%.

Moreover, Kevin Warsh’s FOMC decision Wednesday is adding pressure. Warsh held rates but provided no forward guidance, leaving markets pricing only a 15% chance rates stay flat through December. 

Nine committee members already project a rate hike before year-end. The 2-year Treasury yield heading higher repeats the pattern seen before …

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Bitcoin (CRYPTO: BTC) remains under pressure, but FalconX Head of Trading Strategy Hassan Baseri says institutional traders are increasingly looking at Ethereum (CRYPTO: ETH) and Hyperliquid (CRYPTO: HYPE) as higher-conviction opportunities.

What Happened

Speaking on June 18 on the Milk Road Show, Baseri highlighted the dominant trade among institutional clients has been “short crypto, long AI,” as artificial intelligence stocks continue absorbing market attention and capital.

However, within crypto, Baseri said traders are watching Ethereum and Hyperliquid closely, while Bitcoin remains clouded by concerns around Michael Saylor’s Strategy

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While most are looking at the recent public feud between Changpeng Zhao and Star Xu as some like of popcorn moment, I looked at it as a misunderstanding about decentralized finance regulations. Changpeng Zhao recently praised the decentralized exchange Hyperliquid for its technological brilliance. He acknowledged its unique market position and admitted Binance cannot easily replicate it. However, he also made a crucial point about compliance. He stated clearly that operating a decentralized exchange without Know Your Customer (KYC) checks in the United States violates federal law. Star Xu immediately fired back, accusing Zhao of hypocrisy and pointing out that Binance secretly backed a similar project called Aster. While this drama makes for great entertainment, it distracts from a fundamental legal reality. This debate goes far beyond mere corporate rivalry and strikes at the very heart of how global finance operates. Changpeng Zhao correctly interprets the law. A decentralized exchange simply cannot offer derivatives or leveraged trading to American residents without strict identity verification.

Let us break down exactly why this legal wall exists. The United States Commodity Futures Trading Commission and the Securities and Exchange Commission maintain absolute jurisdiction over any platform offering financial services to Americans. When a platform offers perpetual swaps or leveraged trading, the law requires that entity to register as a designated contract market or a swap execution facility. The government simply will not grant these registrations to any entity lacking a robust identity verification framework. Regulators need these checks to block illicit funds and enforce tax laws. Some developers mistakenly believe that writing open-source code and deploying it to a blockchain grants them magical legal immunity. The government completely rejects this ownerless software myth. If American citizens can access a platform and trade derivatives without identity checks, regulators view the developers, the foundation, or the website hosts as legally liable.

We do not have to guess how regulators will react because they have already established clear precedents. The Commodity Futures Trading Commission and the Securities and Exchange Commission targeted the creators, foundations, and front-end websites of protocols like Uniswap Labs, Opyn, and ZeroEx. They established a firm rule that hosting a website interface allowing Americans to trade unregistered derivatives constitutes operating an unregistered exchange. The most …

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BitGo Holdings, Inc. (NASDAQ) stock rose in Thursday’s premarket session as the company expanded its regulated crypto infrastructure offering in Europe.

Launches MiCAR-Compliant CaaS Platform

BitGo said its subsidiary, BitGo Europe GmbH, has launched a Markets in Crypto-Assets Regulation (MiCAR)-compliant Crypto-as-a-Service platform for eligible virtual asset service providers (VASPs), fintechs and digital asset platforms across the European Economic Area.

The launch comes as legacy national VASP registration regimes are phased out under MiCAR. The transition is especially important for crypto firms in Poland and Lithuania, where businesses are moving to the EU’s harmonized licensing framework.

BitGo Europe, which is authorized by Germany’s Federal Financial Supervisory Authority (BaFin), said its platform provides regulated custody, trading, transfer, wallet infrastructure, onboarding, KYC, SEPA payment rails and insurance coverage of up to $250 million for custodial wallets, subject to terms and conditions.

“MiCAR is raising the standard for digital asset businesses across Europe, and many VASPs now need a practical way to adapt without disrupting their customers,” said Jody Mettler, COO of BitGo.

Recent Buyback Program

BitGo recently announced a $50 million share repurchase program, equal to about 8% of its Class A shares outstanding. CFO Ed Reginelli said …

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Michael Saylor‘s (NASDAQ:STRC) dropped below $89.50 Wednesday as crypto analyst DonAlt called Strategy Inc.’s (NASDAQ:MSTR) preferred stock “the worst Ponzi” he has ever seen, with buyers who paid $100 already down over 10%.

DonAlt Lays Out The Death Loop In Plain Terms

DonAlt posted the full breakdown on X: Saylor buys Bitcoin (CRYPTO: BTC), issues STRC, buys more Bitcoin with proceeds, average buy price rises. 

When the market drops, STRC depegs, Saylor sells Bitcoin below his average to repeg it, which pushes Bitcoin lower, forcing more Bitcoin sales.

When the market recovers, he issues more STRC at higher Bitcoin prices and the cycle repeats with a higher cost basis each time.

Peter Schiff added the immediate damage. STRC closed at …

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Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) are rebounding from one of the industry’s deepest downturns, but StarkWare co-founder and Zcash creator Eli Ben-Sasson says crypto still faces an existential question.

“Worst Crypto Winter”

In a series of posts on X and a recent Privacy Podcast appearance, Ben-Sasson described the current downturn as “the worst crypto winter” he has witnessed since entering the industry in 2013.

Over the past month, BTC and ETH have eroded more than 16% amid geopolitical uncertainty and capital rotation into AI-focussed companies.

Despite improving prices and growing institutional interest, he argued that crypto remains in the middle of an identity crisis.

Ben-Sasson attributed the recent market recovery primarily to macroeconomic developments rather than industry-specific catalysts.

“Crypto will be the …

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Evernorth CEO Ashish Birla says blockchain is no longer a futuristic concept but a technology solving real financial problems today.

According to Birla, networks like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are increasingly becoming trusted rails for moving value, challenging incumbents such as PayPal.

Tokenization As The Next Big Shift

In a National Cryptocurrency Association podcast on June 17, Birla highlighted that blockchain’s core value lies in removing intermediaries and replacing them with decentralized trust.

Instead of relying on platforms such as PayPal (NASDAQ:PYPL) to move money, users can send stablecoins …

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Kevin Warsh announced the Fed’s decision to hold rates steady at his first FOMC meeting Wednesday and deliberately avoided forward guidance, leaving markets to price in a rate hike by year-end as Bitcoin (CRYPTO: BTC) faces a fresh headwind.

Warsh Killed Forward Guidance and Nine Committee Members Want a Rate Hike

The FOMC statement under Warsh ran barely half a page compared to the page-and-a-half releases under Jerome Powell. 

Warsh did not add his own position to the dot plot. Nine committee members already project a rate hike before year-end, and the CME FedWatch tool shows markets pricing only a 15% chance that rates stay flat through December.

Analyst Benjamin Cowen argued Wednesday that the pricing-in of a rate hike is itself the headwind, regardless of whether one actually happens. 

Bitcoin depends on looser monetary policy to outperform, …

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Bitcoin (CRYPTO: BTC) is pulling back near the $64,000 level, but some crypto-linked equities are telling a stronger story: Galaxy Digital Inc. (NASDAQ:GLXY) and BitMine Immersion Technologies Inc. (NYSE:BMNR) have climbed into top-tier momentum zones.

At last check, Bitcoin traded around $64,200, down about 1.9% over 24 hours, with the world’s largest cryptocurrency still nearly 49% below its all-time high of $126,198.07.

Crypto Stocks Outrun Bitcoin

According to Benzinga Edge Stock Rankings, BitMine Immersion Technologies posted a week-on-week jump in its momentum score from 80.29 to 91.08. The stock was down 42.17% year-to-date, 20.99% over the month, but it gained 225.73% over the last year.

Benzinga Edge Stock Rankings for BMNR.

Meanwhile, Galaxy Digital’s momentum score rose from 86.71 to 90.87, despite having a poor growth score. The stock was 47.76% higher YTD, 11.58% over the month, and 78.69% over the year.

Benzinga Edge Stock Rankings for GLXY.

Robinhood Markets Inc. (NASDAQ:HOOD), another crypto-adjacent stock tied to retail trading activity, also showed strength with a momentum score of 75.60, rising from a mere 20.55 score.

It maintained a strong price trend in the short and medium terms but a weak trend in the long term. The stock …

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Shiba Inu’s (CRYPTO: SHIB) official X account highlighted on Wednesday the approval of a new exchange-traded fund that could hold SHIB, signaling growing institutional recognition for the memecoin.

SHIB Achieves Regulated Entry In Wall Street

The SEC approved the T. Rowe Price Active Crypto ETF last week, which is slated to list on the NYSE Arca exchange under the ticker TKNZ.

The T. Rowe Price Group Inc. (NASDAQ:TROW), a global investment firm with over $1 trillion in assets under management, is expected to hold multiple cryptocurrencies in the fund, with SHIB classified as one among the many “eligible” assets.

“‘Just a meme coin,’ they said,” SHIB’s X account noted, countering the long-standing skepticism that memecoins work purely on speculation and are not fit to be institutional-grade assets.

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XRP (CRYPTO: XRP) has pulled back from this week’s gains, but analysts believe the recovery structure stays “intact” as long as the coin defends the key support at $1.20.

The Headwinds And Tailwinds

In a note shared with Benzinga, Shawn Young, Chief Analyst at MEXC Research, stated that XRP’s biggest headwind is “weak follow-through” across the broader cryptocurrency market, though he noted that inflows into spot exchange-traded funds are providing support.

The ETFs, including Bitwise XRP ETF (NYSE:XRP) and Canary XRP ETF (NASDAQ:XRPC), have drawn $1.44 billion in cumulative net inflows since launch and seven straight weeks of positive flows, according to SoSo Value.

The analyst viewed progress on the Clarity Act as a key catalyst that could improve “institutional confidence” in XRP.

Key Levels To Watch Out For

XRP surged to $1.28 earlier this week on reports of a U.S.–Iran peace deal, but it pulled back afterward and …

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Popular cryptocurrency analyst Ali Martinez drew attention to the fact that Elon Musk, who became the world’s first trillionaire, owns Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE).

Is Musk ‘Orange-Pilled’?

In an X post, Martinez paired a line drawing of Musk with the Bitcoin logo, with the caption, “The world’s first TRILLIONAIRE owns Bitcoin. Let that sink in.”

Both of Musk’s companies, Space Exploration Technologies Corp.  (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA), indeed hold BTC in their reserves. In fact, these two are the only companies in the top 10 by market capitalization that hold BTC on their balance sheets.

SpaceX holds 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.19 billion. Tesla holds 11,509 BTC, worth more than $734 million, according to on-chain data.

Details about Musk’s personal BTC holdings remain sketchy. Back in 2020, he

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SkyBridge Capital founder Anthony Scaramucci threw his weight on Wednesday behind fellow Bitcoin (CRYPTO: BTC) bull Michael Saylor and his firm Strategy Inc. (NASDAQ:MSTR), suggesting they’ll be “right” in the nick of time.

Michael Saylor Not In Trouble, Scaramucci Says

During an interview with CNBC, Scaramucci stated that Saylor is “definitely not in trouble,” pointing to a “very deep capital pool” at his disposal.

“You have to really understand the mechanisms of the balance sheet to understand that Bitcoin can go a lot lower, and he’s virtually not in trouble,” the money manager said.

Scaramucci said that the MSTR stock still trades at a premium to its underlying Bitcoin reserves, which gives people the “necessary arbitrage” to get comfortable with.

“I like him. I think he’s going to be right,” Scaramucci added.

Saylor has defended the company’s model, …

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Cryptocurrency bettors aren’t expecting any change to the Federal Reserve’s policy in July, following the central bank’s unanimous decision to keep the federal funds rate unchanged on Wednesday.

Polyamarket Projects Rates To Remain Steady

Traders on Polygon (CRYPTO: POL)-based Polymarket believed there was roughly an 80% chance that rates would remain unchanged during the next meeting on July 29, while the chances of a 25 basis point increase stood at 25%.

Bets in favor of rates falling below the current 3.50%–3.75% range remained very low. Over $11.8 million has already been wagered on the outcome, making it one of the most traded contracts on Polymarket.

These predictions broadly aligned with the CME FedWatch tracker, …

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Leading cryptocurrencies were red, while stock futures rallied overnight on Wednesday after President Donald Trump signed a historic “Memorandum of Understanding” with Iran to end all hostilities.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m. EDT)
Bitcoin (CRYPTO: BTC) -1.36% $64,604.40
Ethereum (CRYPTO: ETH)
               		 -1.61% $1,755.43
XRP (CRYPTO: XRP)                          -1.70% $1.18
Solana (CRYPTO: SOL)                          -1.29% $72.35
Dogecoin (CRYPTO: DOGE)              -1.02% $0.08619

Crypto Market Fails To Rally

Bitcoin retreated from $66,000 to below $64,000, as trading volume jumped 25% over the last 24 hours. Ethereum slid below $1,800, while XRP and Dogecoin also recorded intraday declines.

Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.09% and 3.15%, respectively. 

Nearly $440 million was liquidated from the market in the last 24 hours, with $300 million in long  positions traders alone wiped out, according to Coinglass data. 

Bitcoin’s open interest fell by 2.62% over the last 24 hours. That said, the majority of the retail and whale derivatives traders on Binance were positioned long on the apex cryptocurrency.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:25 p.m. EDT)
Yooldo (ESPORTS)       +145.98%     $0.2055
o1.exchange (O)                    +89.86%     $0.6317
Tac Protocol (TAC)               +45.05%     $0.02388

The global cryptocurrency market capitalization stood at $2.25 trillion, following a modest dip of 0.85% over the last 24 hours.

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Bitwise advisor Jeff Park says investors should start thinking less about Bitcoin’s (CRYPTO: BTC) upside speculation and more about the risk of not owning it at all.

“If You Don’t Own Bitcoin, You’re Basically Short BTC”                

In a “When Shift Happens” interview clip published on June 17, Park argued that Bitcoin remains a hedge against fiat currency debasement.

But its relevance could grow further as artificial intelligence reshapes labor, data ownership and wealth distribution.

“If you don’t own Bitcoin, you’re basically short Bitcoin,” Park said.

He said investors often focus on whether Bitcoin is too expensive, but …

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Cryptocurrency is having a moment and it’s not a good one. Bitcoin (CRYPTO: BTC) is underperforming the Dow and Nasdaq. Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) blockchains have been duds for investors all year and are underperforming Bitcoin. Investors’ dwindling crypto holdings are being stolen. Crypto theft broke a record in 2025. What more can go wrong? How about “wrench attacks” now? They’re on the rise, too.

At least 32 individuals suffered wrench attacks last year, with industry reports highlighting the surge in these violent, in-person thefts. These are beyond open your wallet to discover a $0 account balance. Wrench attacks are actual physical violence against crypto holders. Incidents involve home invasions, kidnappings, and torture with high losses reported, according to CertiK.

Wrench attacks are a global phenomenon. French crypto holders witnessed at least five in January – one per week. Jameson Lopp, CTO at Casa, a  digital assets security company, compiled a list on GitHub of known Bitcoin ransom activity worldwide.

Lopp’s data tells a clear story: what was once a rare occurrence has become a global and increasingly violent phenomenon. In 2025, he documented 74 attacks versus 41 in 2024 and more than triple the count from 2023. The first few months of 2026 suggest no slowdown. Roughly 23 attacks have been documented in the first quarter.

Certik estimates over $100 million lost so far this year to wrench attacks.

“There are signs that international organizations are using crypto leaks and other sources to identify targets, and then hiring local criminals to execute the actual attacks,” said Hugh Karp, founder of Nexus Mutual, an insurance firm that provides crypto risk coverage.  “The first reported kidnappings or attacks were back in 2015, but it has accelerated dramatically over the last few years.”

In January 2026, Waltio, a company specializing in crypto accounting, issued a warning about a data breach. Multiple sources established an operational link between these leaks and the wave of kidnappings observed in France shortly afterwards. 

Crypto risk managers and insurers …

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Bitcoin and major cryptocurrencies traded largely unchanged ahead of Kevin Warsh’s first FOMC meeting, supported by improving ETF inflows as traders brace for potential volatility around the Fed decision.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $65,912
Ethereum (CRYPTO: ETH) $1,781
Solana (CRYPTO: SOL) $73.56
XRP (CRYPTO: XRP) $1.21
Dogecoin (CRYPTO: DOGE) $0.08694
Shiba Inu (CRYPTO: SHIB) $0.054986

Notable Statistics:

  • Coinglass data shows 82,131 traders were liquidated in the past 24 hours for $297.87 million.       
  • SoSoValue data shows net inflows of $10.06 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $9.6 million.
  • In the past 24 hours, top losers include Audiera, DeXe and Humanity.

Notable Developments:

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The S&P 500 fell on Tuesday as investors rotated out of chip stocks and into cyclical sectors, but Polymarket traders are betting the benchmark index will rebound at Wednesday’s open.

The S&P 500 closed down 0.57% at 7,511.35, while the June 17 Polymarket contract implied an 78% probability that the index will open higher on Wednesday.

Why That Number Matters

Investors are closely watching Wednesday’s Federal Open Market Committee meeting, the first under new Fed Chair Kevin Warsh.

Markets broadly expect policymakers to leave interest rates unchanged at 3.5% to 3.75%, but traders will scrutinize the Fed’s economic projections and commentary for clues on the path …

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Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor rejected claims that his company poses a systemic risk to Bitcoin (CRYPTO: BTC), arguing that the company has instead acted as a major source of liquidity and support during the current bear market.

‘We Are A Shock Absorber‘

Speaking at BTCPrague in a fireside chat with Julian Liniger, Saylor reassured Bitcoin remains the dominant global digital capital network and compared its current price action to prior periods when high-quality assets traded near long-term support.

Bitcoin has fallen from around $120,000 to roughly $60,000 over the past eight months, bringing it near its 200-week moving average.

Saylor described that level …

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XRP (CRYPTO: XRP) holds flat Tuesday, compressing between two Fibonacci levels for a third straight day after the June 15 breakout, while ETF inflows resume and top traders stay aggressively long.

Post-Breakout Compression Is Healthy, Not A Reversal Signal

XRP has spent three days coiling between the 0.5 Fibonacci level at $1.2071 and the 0.618 Fib at $1.2440. 

The 20 EMA at $1.2081 is holding as active support with the SAR firmly bullish at $1.0716. Three consecutive days of consolidation above the 20 EMA after a breakout is constructive price action, not a failed move.

Derivatives confirm the digestion is healthy rather than deteriorating. Volume dropped 33.42% and open interest sits relatively flat at $2.77 billion, meaning the leverage-driven euphoria from June 15 has cleared …

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While many investors view blockbuster AI-related IPOs as a threat to crypto liquidity, the SpaceX public offering could create a wealth effect that finds its way into Bitcoin (CRYPTO: BTC) and digital assets.

“Crypto Is A Value Trade”

In an interview on June 16, Aaron Arnold, co-founder of Altcoin Daily, argued that capital currently flowing into AI investments is unlikely to remain concentrated there indefinitely.

He said that investors are currently favoring AI because it represents the market’s strongest momentum trade, while crypto has become a value opportunity after an extended bear market.

“Crypto is a value trade. If you’re a value investor, …

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David Nage, portfolio manager at Arca, stated that the final hurdle facing the CLARITY Act may have less to do with crypto regulation and more to do with ethics provisions tied to elected officials and senior government leaders.

“Three Mechanical Things“

In an X post on June 16, Jeff Dorman, CIO at Arca, cited Nage, who revealed that after spending a week meeting lawmakers and congressional staff in Washington, the core policy framework behind digital asset market structure legislation is largely complete.

“We are very close,” Nage wrote. “Call it 80%–85% finished.”

The House passed the CLARITY Act in July 2025 and Senate Banking Committee advanced its version in May by a 15-9 vote. But the bill currently sits on the Senate calendar awaiting further action.

Nage highlighted three major items remain before the legislation can reach the Senate floor:

  • Merging the Banking Committee and Agriculture Committee versions of the …

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Senators Cynthia Lummis (R-Wyo.) and Ruben Gallego (D-AZ) introduced a bipartisan resolution Wednesday, urging President Trump not to pardon Sam Bankman-Fried, days after a federal appeals court upheld his 25-year sentence.

Senate Resolution Calls SBF Pardon Off-Limits Under Any Circumstances

The four-page resolution states that under no circumstances should Bankman-Fried receive executive clemency. 

The move carries added weight because both senators are central figures in negotiating the CLARITY Act, the crypto market structure legislation currently advancing through Congress.

“He had his day in court,” Lummis said. “A jury didn’t buy the act, and a judge gave him 25 years for a reason. Mr. Bankman-Fried can spend that time chasing clemency he hasn’t earned, or he can finally do something novel and take accountability,” she added.

Gallego went further. “He …

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Two weeks ago, traders on X and on Reddit were posting “even Saylor is selling now.” Bitcoin (CRYPTO: BTC) had broken below $60,000 for the first time since the 2024 election, wiping $160 billion in crypto market value in a few days. The Fear and Greed Index hit single digits. The kind of panic that doesn’t leave so quickly.

Today, BTC is back at $66,000. Leverage has been flushed. ETF inflows have quietly turned positive. Whale wallets are pulling coins off exchanges. so, by most measures, the bounce looks real.

But there’s something else that the price chart doesn’t show: the story that held Bitcoin together for years just cracked. And BlackRock’s answer to that crack launched on Nasdaq this morning. Those two things, taken together, tell you more about where Bitcoin goes from here than any technical indicator.

The 32 Coins That Shook a $2 Trillion Market

On June 1, Strategy disclosed it had sold 32 Bitcoin between May 26 and May 31 to cover preferred stock dividends. The proceeds were about $2.5 million. But look at the company’s total Bitcoin position: 843,706 coins worth over $60 billion. That’s 0.0038% of their holdings, the kind of number that shouldn’t move anything. Less than a rounding error.

However, it moved everything.

Bitcoin dropped 14%. ETF outflows hit $4.3 billion across 12 consecutive sessions, a record streak. More than $800 million in leveraged positions got liquidated in a single day. And Strategy’s own stock fell nearly 6%.

None of that happened because just 32 coins changed the supply picture. Think of it like a bank run. Banks don’t collapse because everyone withdraws their money at once for rational reasons. They collapse because people stop believing the bank will be fine. The moment that belief cracks, it becomes self-fulfilling.

That’s what happened here. Since 2020, Strategy’s entire value to the Bitcoin market wasn’t just the 840,000 coins it held. More than that. It was the certainty that Saylor would never sell them. Every Bitcoin holder, consciously or not, was pricing in that promise. When it cracked, even by just 32 coins, the market didn’t reprice the coins. It repriced the whole belief.

And that belief doesn’t snap back in ten days. Saylor himself has said on a podcast that selling more this year is “not unlikely.” Prediction markets, which previously priced Strategy sales as nearly impossible, now treat them as near-certain. That’s a different company than the one the crypto world held in its head for five years.

The price recovered. But the certainty didn’t.

This chart shows the gap between Bitcoin’s price recovery and the market’s mood. BTC bounced back after the early-June drop, but the Fear and Greed Index stayed weak, showing that confidence lagged behind price even as the market stabilized. The vertical marker for Strategy’s 32 BTC sale …

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Solana (CRYPTO: SOL) has clocked $100 million in SpaceX (NASDAQ:SPCX) tokenized stock volume in 24 hours, more than all tokenized equities traded across August and September last year combined.

SpaceX Tokenized Trading Is Turning Solana Into A Derivatives Powerhouse

The SPCX trading explosion on Solana spans multiple products. Jupiter launched a SpaceX rewards campaign with gamified card packs and leaderboard competitions, with top 100 traders earning cash rewards on positions as small as $55,000. 

Frontier Traders added its own SPCX leaderboard on Solana rails. Sunrise DeFi now lets traders borrow against SpaceX positions on its order book, a product unavailable anywhere in traditional finance.

With Anthropic, OpenAI, ByteDance, Stripe, and Revolut IPOs all expected this year, analyst Paul Barron argued Tuesday that Solana is positioned to capture …

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VENICE, Fla., June 17, 2026 /PRNewswire/ — Byte Federal, Inc. is excited to announce the integration of our payment and exchange services with BurraPay, the first cryptocurrency payments processor to operate inside Nevada’s regulated gaming market. Byte Federal is enabling BurraPay’s secure, compliant cryptocurrency transactions within licensed casino and sportsbook environments – a barrier that, until now, has kept digital assets entirely out of the regulated U.S. gaming ecosystem.

BurraPay announced its U.S. debut last week with its first client, Circa Resort & Casino in downtown Las Vegas, home of The World’s Largest Sportsbook. On June 4th, the platform processed the first legal cryptocurrency-funded sports wager in Nevada history.

“The Nevada Gaming Control Board’s willingness to engage with compliant crypto infrastructure reflects the forward-thinking regulatory leadership that has kept Nevada at the forefront of the global gaming industry for decades,” said Luke Millanta, CTO and Co-Founder of BurraPay. “Nevada has set a blueprint. Our focus now is to continue working directly with regulators in other jurisdictions to replicate that – giving them full visibility into our compliance framework and the proven infrastructure we’ve deployed with Byte Federal, so they can move forward with confidence.” Players wishing to fund their wagering activity using cryptocurrency, including Bitcoin, Ethereum and Litecoin, can now do so by visiting the sportsbook …

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The U.S. Securities and Exchange Commission (SEC) is reportedly moving closer to allowing crypto firms to offer blockchain-based stocks.

The crypto industry is optimistic about the potential of tokenized stocks to transform the stock markets. The new model could enable 24/7 trading and instant settlement, thereby increasing liquidity and reducing transaction costs, Reuters reported on Wednesday.

SEC Chair Paul Atkins is expected to introduce an “innovation exemption” in the coming weeks that would allow companies to venture into new digital asset business models without strictly adhering to all of the SEC’s disclosure and investor-protection rules, according to the report.

The exemption could allow companies to offer tokenized versions of U.S. stocks, potentially reshaping equity markets over time. If adopted more broadly, it could enable crypto firms to compete directly with traditional brokerages such as Morgan Stanley (NYSE:MS), E*Trade, and Charles Schwab Corporation (NYSE:SCHW).

Some regulators and Wall Street …

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Bitcoin (CRYPTO: BTC) has dropped 10% within days of each of the last six FOMC decisions,—and today the Federal Reserve meets under new Chair Kevin Warsh for the first time.

Two Words From Warsh Will Move Bitcoin: Transitory or Persistent

Analyst Andre Jek laid out the two-scenario framework traders need to watch. If Warsh uses language suggesting Iran war inflation is temporary, that dovish read sends risk assets higher. 

If he signals inflation is persistent, markets sell off. A third path matters just as much: any mention of bond market stress or Fed tools to support Treasuries signals quantitative easing is coming, and historically that sends gold and Bitcoin up almost immediately.

US 10-year yields have already fallen from 4.68% to 4.42% over the past 30 days, and Japan’s 20-year yield dropped 9.5% in 27 days. 

Bond prices are rising globally as money flows into safety. Rate …

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Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) sentiment is improving after the U.S.-Iran agreement eased geopolitical fears, though traders remain cautious after months of volatility.

“Healthy” Sentiment For Majors

Santiment Intelligence said on X on June 17 that sentiment across crypto’s three largest communities has moved out of recent fear zones following the reduction in geopolitical uncertainty.

The crypto intelligence platform said bullish-to-bearish commentary now stands at 1.52 bullish posts for every bearish post on BTC, 1.40 for ETH and 1.65 for XRP.

These readings are termed “healthy” noting that optimism has improved …

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SpaceX (NASDAQ:SPCX) has surged 50% since its June 12 IPO to $201.80 while Dogecoin (CRYPTO: DOGE) is trading flat, exposing the clearest evidence yet that the Elon Musk effect on DOGE is dead.

SPCX Has Real Revenue, DOGE Has Tweets

SpaceX priced at $135, opened at $150, and hit an all-time high of $225.64 on June 16. 

The company posted $18.7 billion in revenue in 2025, holds 12 million Starlink subscribers across 160 countries, and just announced a $60 billion acquisition of Cursor, the AI coding tool running at $4 billion in annual recurring revenue. 

Combined with compute deals with Google and Anthropic, SpaceX’s projected 2026 revenue run rate reaches an estimated $55 billion.

DOGE’s response to Musk becoming the world’s first trillionaire was a 7.6% intraday …

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The long-awaited U.S.–Iran peace agreement sparked a rally in top tokens in the cryptocurrency market, but the biggest gains didn’t come from Ethereum (CRYPTO: ETH) or Bitcoin (CRYPTO: BTC).

Solana Outperforms The Biggies

Over the past week, Ethereum advanced by nearly 9% and Bitcoin rose 5.89%, as investors boosted risk exposure amid hopes for prolonged global peace.

However, Solana (CRYPTO: SOL), a much smaller asset in terms of market capitalization, has rallied 14%.

Cryptocurrency 7-Day Gains +/- Price (Recorded at 4:30 a.m. EDT)
Solana +13.76% $72.26
Bitcoin +5.89% $64,935.22
Ethereum
               		 +8.91% $1,760.91

SpaceX-Led Surge?

The outperformance could be linked to SpaceX’s blockbuster IPO, which has had a pronounced …

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Market commentator The Kobeissi Letter highlighted on Tuesday a record surge in tokenized stocks on Solana (CRYPTO: SOL), led by strong demand following Space Exploration Technologies Corp. (NASDAQ:SPCX)‘s blockbuster IPO.

SpaceX Accelerates Tokenization Push

Kobeissi Letter drew attention to $4.3 billion in on-chain volume of tokenized stocks over the last 30 days, citing data from asset tokenization analytics platform rwa.xyz. This marked the highest monthly volume ever, and a 140% year-to-date increase.

In fact, tokenized stocks on Solana pulled in over $100 million in spot trades for the first time on Friday, following SpaceX’s IPO.

“Solana dwarfed all other chains for tokenized SpaceX, with a peak of 99% volume share across all chains,” Kobeissi Letter noted.

The latest spike has pushed the cumulative transfer volume of tokenized stocks above $20 billion for the first time.

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Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ:COIN), announced on Tuesday the rollout of an AI-powered investment advisor that provides “personalized guidance” by analyzing users’ portfolios and account history.

Your Personal Strategist On Coinbase

Armstrong said on X that the AI agent, named Coinbase Advisor, has been registered with the SEC. Leveraging Coinbase data, it claims to recommend improved trading strategies across stocks, commodities and cryptocurrencies

“Speak to it in plain English to take action on your account. It will even prompt you with ideas you hadn’t thought of,” Armstrong said.

However, Coinbase cautioned users that the AI’s outputs may be “inaccurate or incomplete” and should not be relied upon as the sole source of information.

Initially, the tool would be rolled out to members of the premium subscription service, Coinbase One.

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Scilex Holding Company (NASDAQ:SCLX) shares surged 18.79% in Tuesday’s regular session after the company announced that its Dream Bowl I Meme Coin tokens could begin trading on Biconomy Exchange as early as June 23.

Scilex is a revenue-generating biotech company focused on non-opioid pain management products for acute and chronic pain, along with neurodegenerative and cardiometabolic diseases.

Meme Coin Listing Fuels Rally

Scilex said the token listing could improve liquidity and enable broader distribution for eligible token holders.

Biconomy serves more than 10 million users across over 180 countries and ranks among the top 40 global crypto exchanges by trading volume, with an average daily volume of about $2 billion.

As previously announced, Scilex stockholders and certain eligible equityholders as of the April 30 record date became entitled to …

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Cryptocurrency analyst Ali Martinez said on Tuesday that Dogecoin (CRYPTO: DOGE) may continue its upward trend, provided it does not lose key support levels.

Will DOGE Sustain The Rally?

In an X post, Martinez highlighted DOGE trading in a rising channel on its 1-hour chart, with the lower boundary at $0.087 acting as a crucial support level.

“As long as the $0.087 support level holds, I think price could rebound toward the mid-range at $0.092 or even the channel top at $0.095,” the analyst projected.

If DOGE reaches $0.095, that would be roughly an 8% increase from its current level.

A rising channel pattern consists of two upward-sloping parallel lines, indicating that an asset’s price is moving steadily upward, characterized by a pattern of “higher highs” and “higher lows.”

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Warsaw, June 17, 2026 – Virtune, the Swedish regulated crypto asset manager, today announces the listing of the Virtune Crypto Altcoin Index ETP (VIRALT) on the Warsaw Stock Exchange (GPW), further expanding its offering in the Polish market.

The listing marks Virtune’s sixth exchange-traded product (ETP) listed on GPW since entering Poland in February 2026 and reflects the company’s continued commitment to providing Polish investors with regulated and innovative crypto investment products.

Diversified Exposure to the Altcoin Market

The Virtune Crypto Altcoin Index ETP provides investors with diversified exposure to up to 10 leading altcoins through a single exchange-traded product.

Through one investment, investors gain equal-weighted exposure to a basket of established crypto assets, excluding Bitcoin and Ethereum, allowing investors to participate in the broader altcoin market without having to select individual assets.

Learn more on the product page: https://www.virtune.com/product/altcoin-index

Allocation as of June 15, 2026:

  • Hyperliquid: 11.39%
  • Stellar: 11.05%
  • Toncoin: 10.98%
  • BNB: 10.54%
  • XRP: 10.13%
  • Chainlink: 10.13%
  • Solana: 9.66%
  • Litecoin: 9.46%
  • Cardano: 8.58%
  • Bitcoin Cash: 8.08%

The index is rebalanced monthly to maintain its equal-weight methodology and ensure continued diversified exposure across the constituent altcoins.

Rather than selecting individual crypto assets, investors gain diversified exposure to a broad segment of the crypto market through an exchange-traded investment product traded in Polish złoty.

Meeting Growing Demand for Diversified Crypto Investments

As the crypto market continues to mature, investor demand for diversified investment products has increased significantly.

The Virtune Crypto Altcoin Index …

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Elon Musk reiterated on Tuesday the importance of solar energy for the future, while cryptocurrency punters bet on how many Space Exploration Technologies Corp. (NASDAQ:SPCX) Starship launches would successfully land in space.

Polymarket Wagers On Space Exploration

Polygon (CRYPTO: POL)-based Polymarket assigned a 40% chance that fewer than five launches will succeed in 2026, down from 56% a week earlier.

There was a 28% chance of 5–6 successful launches, and a 14% chance of 7–8 succeeding.

Over $470,000 has already been wagered on the outcome. The launch counts as successful if Starship lifts off and climbs at least 62 miles above sea level between Jan. 1 and Dec. 31.

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Could SpaceX Overtake Nvidia As The World’s Biggest Company In 2026?

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Leading cryptocurrencies retreated alongside stocks on Tuesday as investors cashed in on recent gains.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m. EDT)
Bitcoin (CRYPTO: BTC) -1.18% $65,513.55
Ethereum (CRYPTO: ETH)
               		 -0.45% $1,784.83
XRP (CRYPTO: XRP)                          -1.77% $1.20
Solana (CRYPTO: SOL)                          -1.16% $73.30
Dogecoin (CRYPTO: DOGE)              -0.97% $0.08708

Crypto Market Takes A Breather

Bitcoin gave back some of its recent gains, falling back into the $65,000 zone after coming close to breaking $67,000. Ethereum followed suit, reversing from the intraday high of $1,837 to the high $1,700s. XRP and Dogecoin also pulled back.

Cryptocurrency-related stocks also retreated, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 6.35% and 5.26%, respectively. 

Over $340 million was liquidated from the market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data. 

Alongside the spot price dip, Bitcoin’s open interest contracted by 1.59% over the last 24 hours. Retail and whale derivatives traders on Binance, meanwhile, remained long on the apex cryptocurrency.

“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:25 p.m. EDT)
Block Street (BSB)       +42.54%     $0.5404
LAB (LAB)                    +37.97%     $13.51
SKYAI …

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Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor pushed back against critics of the company’s recent Bitcoin (CRYPTO: BTC) sale, arguing that the move was a rational part of its capital markets business and not a retreat from its long-term Bitcoin thesis.

“Will Continue As Long As We Act Rationally”

Speaking with Natalie Brunell at BTC Prague on June 16, Saylor addressed criticism that Strategy sold 32 Bitcoin despite his long-standing public message urging investors not to sell their Bitcoin.

“I got very famous for saying you do not sell your Bitcoin to the plebs,” Saylor said, adding that the comment was directed at individual investors, not at how to operate a Bitcoin finance company.

Saylor said Strategy exists to create Bitcoin-backed credit, not simply …

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Bitcoin holds above $65,000 despite a hawkish Bank of Japan rate hike that tightened global liquidity conditions.

With crypto sentiment improving from extreme fear to fear, investors are now focused on the Federal Reserve’s upcoming policy decision for the next major market catalyst.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $66,031.54
Ethereum (CRYPTO: ETH) $1,802.16
Solana (CRYPTO: SOL) $73.99
XRP (CRYPTO: XRP) $1.22
Dogecoin (CRYPTO: DOGE) $0.08757
Shiba Inu (CRYPTO: SHIB) $0.054996

Notable Statistics:

  • Coinglass data shows 100,849 traders were liquidated in the past 24 hours for $411.24 million.       
  • SoSoValue data shows net outflows of $64.09 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $22.5 million.
  • In the past 24 hours, top losers include Audiera, Toncoin and Venice Token.

Notable Developments:

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A congressional hearing on digital asset taxation has exposed sharply contrasting views on the future of crypto regulation.

While supporters argue that clear tax rules are essential for maintaining U.S. competitiveness, critics warn that proposed legislation could create special advantages for the industry and increase systemic risks.

Supporters: “We Have To Bring Stability To The Tax Code”

On June 16 in a house hearing, Rep. Max Miller (R-Ohio) said digital asset tax policy should be “coherent, administrable, and technologically neutral” and warned that isolated policy changes could create unintended consequences across the broader tax code.

“Every one in five Ohioans owns a form of cryptocurrency,” Miller said. “We have to bring stability to the tax code.”

The Ohio Republican argued that …

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Coinbase (NASDAQ:COIN) announced Tuesday it is launching fully backed 1:1 tokenized U.S. stocks on-chain, with holders able to trade, redeem, and collect dividends automatically with no derivatives or IOUs involved.

What Makes Coinbase’s Tokenized Stocks Different From Every Competitor

Most tokenized stock products from Binance, OKX, and Hyperliquid give non-US investors stock performance exposure through derivatives without holding the underlying shares.

Coinbase is promising the opposite, actual shares in reserve backing every token 1:1.

“Own actual tokenized shares of U.S. companies. Trade, hold, and redeem, all on-chain. Automatically receive dividends. No derivatives, no IOUs,” Coinbase posted on X Tuesday. More details are expected later Tuesday afternoon.

Robinhood (NASDAQ:HOOD) launched an Arbitrum-based initiative covering hundreds of tokenized US stocks and ETFs. Kraken is building its own onchain equity access. 

Meanwhile Backpack, founded by former FTX employees, launched a blended traditional …

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Ripple invested in Flutterwave’s Series E round on Monday, embedding RLUSD and the XRP Ledger into Africa’s largest payments infrastructure as XRP (CRYPTO: XRP) pulls back after yesterday’s 9% breakout.

Ripple Embeds RLUSD Into Flutterwave’s Payment Rails Across Africa

Flutterwave processes over one billion transactions worth more than $50 billion and operates across Africa, with Nigeria as its primary hub. 

The Series E round values the company at $3.2 billion, and Ripple’s strategic investment brings three specific integrations to the platform.

RLUSD becomes a primary settlement asset embedded directly into Flutterwave’s payment rails and Send App remittance corridors. 

The XRP Ledger handles faster transaction clearing. A unified API bridges Flutterwave’s domestic network with Ripple Payments, connecting local cards, mobile wallets, and bank transfers to Ripple’s global payments infrastructure.

“Our investment will …

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Two sources told Reuters on Tuesday that regulators in Greece plan to reject Binance’s MiCA license application, putting the world’s largest crypto exchange at risk of losing access to EU customers before July 1.

MiCA Deadline Is July 1 And Binance Has No Approved License

The EU’s Markets in Crypto-Assets framework requires all crypto firms to hold a valid license to serve European customers. 

The transition grace period expires July 1, after which any exchange operating without authorization breaches EU law. 

The European Securities and Markets Authority warned in April that non-compliant firms must wind down EU operations or migrate customers before that date.

Binance applied through Greece’s Hellenic Capital Market Commission over the past 18 months and believed it had met all MiCA requirements. The HCMC declined to comment, citing confidentiality rules.

However, sources familiar …

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Crypto analyst Kevin Capital says the next cryptocurrency bull cycle could be larger than the previous one, with altcoins positioned to outperform Bitcoin (CRYPTO: BTC) after years of underperformance.

Altcoin Season Next Cycle?

In a market update on June 15, Kevin Capital said the altcoin market is beginning to show signs of basing against Bitcoin after a prolonged downtrend.

The Total Others versus Bitcoin chart is approaching the same major support area that marked the beginning of altcoin recovery in 2019. “I do believe there will be an altcoin season next cycle, unlike the last cycle that we just had,” he said.

The analyst pointed to the end of the Federal Reserve’s quantitative tightening program as a key macro shift. Liquidity …

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Investors have bought a net 259,298 Bitcoin (CRYPTO: BTC) between $59,000 and $67,000 over the past 10 days as Glassnode’s Accumulation Trend Score hits its highest possible reading— a signal for the strongest buying interest of the entire drawdown.

Retail And Whales Both Buying As Accumulation Hits Peak Level For Two Weeks Straight

Glassnode’s UTXO Realized Price Distribution data shows the buying is broad-based across every wallet cohort, from holders with less than 1 Bitcoin to those holding up to 1,000 coins.

That breadth matters because from March through May, most of these same groups were net sellers as Bitcoin stagnated around $70,000.

The Accumulation Trend Score has now held at its peak reading of 1.0 for more than two weeks, marking the most sustained and aggressive buying behavior observed during this drawdown. 

The $59,000 flush earlier this month appears to have been the trigger …

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XRP (CRYPTO: XRP) surged 13% following the U.S.-Iran peace deal as improving risk sentiment fueled a broad crypto market rally.

XRP Is The Strongest-Performing Major Crypto

Santiment data stated XRP’s notable rebound came after sentiment had fallen to some of its weakest levels of 2026, creating conditions for a rapid recovery once macro fears began to ease.

Data shows wallets holding at least 1 million XRP now control 74.1% of the token’s total supply.

Those large holders accumulated an additional 1.53 billion XRP over the …

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Galaxy Digital, NYDIG, and Standard Chartered each published in-depth Bitcoin (CRYPTO: BTC) bottom analysis this week—and reached three completely different conclusions on where the cycle low lands.

Galaxy Says Bottom Is Still Ahead Between $40,000 and $46,000

Galaxy examined 13 historical conditions that have always been present at prior Bitcoin cycle bottoms. 

Only four are fully met, two are partially met, and seven remain unmet.

The most sobering gap is in on-chain fundamentals, where several metrics show aggregate holders are not yet capitulating at the scale seen in 2018 or 2022.

The cycle clock adds weight to Galaxy’s bearish case.

Bitcoin historically bottoms 12 to 13 months after its all-time high, and the current cycle peaked in October 2025, putting the historically consistent bottom window in Q4 2026.

Meanwhile, Galaxy’s base …

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Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have started the week higher as easing geopolitical tensions helped revive risk appetite.

Industry experts argue that recent crypto ETF outflows reflect a maturing market rather than fading interest in digital assets.

A Different ‘Crypto Winter‘

Speaking on CNBC’s ETF Edge on June 16, CoinDesk Indices President David LaValle noted that the recent selloff and roughly $3 billion in outflows from Bitcoin exchange-traded products have led some investors to question the future of crypto.

However, he argued that ETF flows are behaving similarly to those seen in traditional asset classes. “They are serving both buy-and-hold investors and institutional holders.”

LaValle described the current downturn as a different …

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SpaceX’s (NASDAQ:SPCX) IPO gave crypto its biggest real-world stress test yet, with Hyperliquid (CRYPTO: HYPE) generating $1.4 billion in SPCX trading volume on listing day.

Perpetual Futures Passed The Test By Predicting Where SpaceX Would Open

Hyperliquid’s SPCX perpetual futures traded within what became the stock’s first-day range for most of the week before the IPO, giving traders a continuous 24-hour read on investor sentiment before Nasdaq opened. 

SpaceX closed its first day at $160.95, valuing the company at $2.2 trillion. The shares jumped another 20% to $192.46 Monday.

“The SpaceX premium was not a forecast,” said D2 Finance portfolio manager Luca Parlamento. “It was exposure that re-priced the second a cash market existed to re-price against. That is what pre-IPO …

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Popular digital artist Mike Winkelmann, better known as Beeple, portrayed Elon Musk as a massive cyborg figure late Monday following his historic achievement as the world’s first trillionaire.

Musk Shows As Undisputed Tech Tzar

Beeple posted an artwork on X, titled “1.3 TRILLION,” celebrating Musk hitting a record net worth of $1.3 trillion after Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) IPO drove a sharp valuation surge.

The artwork showed Musk towering over a futuristic city with cheering crowds below. Inside the cyborg’s glowing chest chamber are portraits of rival tech figures, including Microsoft founder Bill Gates, Amazon founder and Executive Chair Jeff Bezos and Meta Platforms CEO Mark Zuckerberg, implying Musk’s complete dominance over rival tech figures.

Musk topped the Forbes list, followed by Bezos in fourth place and Zuckerberg in …

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Anthony Pompliano, CEO of Professional Capital Management, framed Peter Schiff’s admission on Monday that Bitcoin (CRYPTO: BTC) “isn’t going to zero” as a win.

Schiff Vs Pompliano

The two individuals with diametrically opposite views on Bitcoin faced off in a debate moderated by Fox Business.

At a point in the debate, Pompliano challenged Schiff to make a bet on whether Bitcoin would still be around in a decade.

“That’s an easy bet. If you think it’s going to go away, let’s make a little bet,” Pompliano told Schff.

“Well, I can’t. It’s not going to go to zero. Maybe,” Schiff responded.

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Billionaire investor Mark Cuban took a “memecoin” swipe at Brian Armstrong on Monday, in response to Coinbase Global Inc. (NASDAQ:COIN) CEO’s call to revisit accredited investor rules in the U.S.

Armstrong Bats For Retail Investors Amid IPO Wave

Armstrong said on X that current rules unfairly restrict “retail investors” from early-stage private deals, forcing them to wait until IPOs, when much of the upside has already been captured.

“These rules were created with the best of intentions, to protect regular people from scams – a noble idea,” he added. “Unfortunately, in practice, they’ve often made it illegal to get richer, unless you’re already rich.”

His remarks follow the blockbuster stock market debut of Space Exploration Technologies Corp. (NASDAQ:SPCX), which operated as a private company for over 24 years.

Artificial intelligence giants OpenAI and Anthropic are also on track to go public, having filed confidential paperwork for their respective IPOs earlier this month. OpenAI has remained a private company since 2015, while Anthropic has been privately held since 2021.

Cuban Jabs …

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Influential analyst Ali Martinez spotlighted on Saturday the strong demand for Space Exploration Technologies Corp. (NASDAQ:SPCX) among cryptocurrency investors.

‘Demand Was Always There’

In an X post, Martinez said that the “appetite” for the newly listed space giant is “bigger” than what they expected.

The analyst cited CoinMarketCap data showing billions traded in SpaceX-linked cryptocurrency products across the market since the stock’s debut on Wall Street.

In the past 24 hours, approximately $11.9 billion in SpaceX derivatives were traded on cryptocurrency exchanges, of which Binance (CRYPTO: BNB) accounted for 26%.

“For years, retail investors had almost no way to get exposure to companies like SpaceX,” Martinex noted. “The volume we’re seeing suggests the demand was always there. It just lacked a market.”

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The U.S.-Iran agreement has set Israeli Prime Minister Benjamin Netanyahu on a “collision course” with President Donald Trump, according to a report published on Monday.

A Major Rift Brewing?

An Israeli official told Reuters that the preliminary agreement is “terrible” for Israel and no one in the country’s leadership views it otherwise.

Notably, Trump described Netanyahu as a “very difficult guy” in a New York Times interview on Sunday, adding that the Israeli leader should be “thankful” to the U.S. for preventing a possible nuclear attack from Iran.

But this is not the first time Trump has expressed his displeasure with Netanyahu’s actions. Earlier this month, he reportedly called Netanyahu “crazy” over Israel’s attacks in Lebanon in an “expletive-laden call.” 

Netanyahu also acknowledged differences with Trump at a Monday press conference, saying, “We many times see eye-to-eye, and there …

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Leading cryptocurrencies rose alongside stocks on Monday as investors embraced a risk-on mood following the declaration of a peace deal with Iran.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.22% $66,245.35
Ethereum (CRYPTO: ETH)
               		 +4.37% $1,791.24
XRP (CRYPTO: XRP)                          +4.46% $1.23
Solana (CRYPTO: SOL)                          +4.59% $74.12
Dogecoin (CRYPTO: DOGE)              -0.83% $0.08790

Crypto Market Gains Momentum

Bitcoin extended gains, rising to an intraday high of $67,248 as trading volume jumped 40% over the last 24 hours. Ethereum topped $1.800 while XRP was up 4.5% from the previous day.

Cryptocurrency-related stocks also lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 5.78% and 6.21%, respectively. 

Over $480 million was liquidated from the market in the last 24 hours, predominantly in short bets, according to Coinglass data. Notably, more than $300 million in Bitcoin short positions were at risk of liquidation if the apex cryptocurrency rose to $70,000.

Meanwhile, Bitcoin’s open interest rose 2.06% in the last 24 hours, suggesting an influx of new money into the futures market.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:15 p.m. EDT)
Jito (JITO)       +28.12%     $0.7178
Uniswap (UNI)                    +17.13%     $3.01
LayerZero (ZRO)               +15,26%     $1.10

The global cryptocurrency market capitalization stood at …

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It was probably only a matter of time before crypto-friendly travel agency, Travala (CRYPTO: AVA), cast its lot with AI.  They are betting that Travala users will eventually tell AI where they want to go, approve a payment for them, and let the software handle the rest. 

“A traveler can set up the AI concierge in two minutes via Claude. Once set up, they can ask the agent to make a hotel booking, which will quickly narrow down the options for the traveler based on their prompt, avoiding decision paralysis,” said Juan Otero, Travala’s CEO.

The company is basically arguing that consumers don’t actually enjoy browsing hundreds of hotels. They simply have an objective: “I need a 4-star hotel in London’s West End for under $500.” Instead of searching through Expedia listings, filters, maps, reviews, and tabs, the traveler simply states the goal and the AI Agent does the work, payable in Circle (NYSE:CRCL) dollar coin.

They’re not pitching themselves as a better Expedia (NASDAQ:EXPE). The new pitch to investors is Travala is building infrastructure in-house to be the Stripe for AI travel agents. Today users book on Travala and can pay in cryptocurrencies. Tomorrow thousands of third-party AI agents could theoretically use Travala’s inventory and payment rails in the background, suggesting Travala sees its future not only as a travel booking platform, but as the underlying infrastructure powering autonomous travel transactions across the emerging agentic commerce ecosystem. …

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XRP (CRYPTO: XRP) surged to $1.27 Monday, breaking decisively out of the June descending triangle as $6.07 million in short positions got liquidated in 24 hours.

Descending Triangle Breaks Out With Volume Exploding 129%

XRP pushed through $1.14, then $1.18, and reclaimed $1.20 on its strongest volume since the early-June washout, forcing traders to reassess expectations for continued weakness.

The move cleared both the 0.382 Fibonacci level at $1.1702 and the 0.5 Fib at $1.2071, with price now testing the 0.618 Fib at $1.2440. 

Buyers have broken the descending trendline, the Parabolic SAR remains bullish at $1.0527, and the 20 EMA at $1.2069 now acts as support.

Derivatives confirm the move as volume exploded 129% while open interest jumped 14.23% to …

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I talked about Defi inflated yields last month. Investors often mistake a large number for a good investment. This error drives the current crypto mania. You see a yield of 19.0% on Cosmos staking and assume you have found a financial loophole. You ignore the source of that money. Traditional finance generates returns through tangible economic activity. Banks lend your cash to homebuyers who pay mortgages. Governments tax their citizens to service bond debt. The US 10-Year Treasury Note offers a 4.40% fixed yield because the American economy produces real value. This yield represents a share of actual productivity.

Crypto yields operate on a different and dangerous logic. Platforms often mint new tokens to pay old users. This process dilutes the value of every existing token. You earn 15.0% more tokens while the token itself loses purchasing power. Lido Liquid Staking offers 3.2% to 3.8% APY, which looks similar to the US 2-Year Treasury Note at 4.01%. The similarity ends there. One pays you from tax revenue and economic growth. The other pays you from software inflation and trading fees. Uniswap Volatile LPs promise 10.0% to 25.0% APY, but this money comes from traders gambling on price swings. It does not come from a business creating value. The yield exists only as long as new gamblers enter the casino.

The Fortress Versus The Glass House

Safety in finance relies on legal recourse and insurance. Traditional systems build fortresses around your capital. The FDIC insures bank deposits up to $250,000. If the bank fails, the government ensures you get your money back. High-Yield Savings Accounts provide 3.8% to 4.1% APY with near-zero risk of principal loss. You sleep well at night knowing the law protects you. Crypto offers zero legal protection. You deposit your assets into a smart contract and hope the code works. Hackers drain these contracts regularly. Founders abandon projects and run away with funds.

Consider Aave Lending on USDC Stablecoins. Assume that it advertises 3.9% to 4.7% APY. This looks safe because it uses a “stablecoin.” If a bug exists, your …

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Ethereum (CRYPTO: ETH) is showing signs of a short-term rebound after recent weakness, while on-chain data suggests a wallet possibly linked to Arthur Hayes purchased ETH.

Hayes Loading ETH?

In an X post on June 15, blockchain tracker Lookonchain reported that a wallet possibly linked to Hayes received 3,000 Ethereum, worth approximately $5.42 million, from Flowdesk.

The transaction comes as Ethereum attempts to recover from a sharp decline, with traders watching whether the bounce can extend into a key resistance zone.

Over the past month, Ethereum has lost around 16% while the past week witnessed a 8% jump.

During the last week, Arthur Hayes laid out the case why Bitcoin 

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Weiss Multi-Strategy Advisers President Jordi Visser says Bitcoin (CRYPTO: BTC) may be unpopular at the moment, though this will change AI progress accelerates.

“Nobody Wants To Buy Bitcoin Right Now“

Speaking in an interview with Anthony Pompliano on June 13, Visser explained Bitcoin is currently trading well below its 200-day average, so investors aren’t comfortable buying it.

He compared Bitcoin to other investments that people avoid when they are weak, but later rush to buy when they become popular.

Visser’s main idea is that Bitcoin and crypto are still important in a world full of AI, especially as fake content makes proof of …

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Bitcoin surged back above $66,000 on Monday, with the U.S.-Iran peace deal boosting risk appetite.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $66,790.46
Ethereum (CRYPTO: ETH) $1,828.17
Solana (CRYPTO: SOL) $75.42
XRP (CRYPTO: XRP) $1.28
Dogecoin (CRYPTO: DOGE) $0.08954
Shiba Inu (CRYPTO: SHIB) $0.055119

Notable Statistics:

  • Coinglass data shows 123,438 traders were liquidated in the past 24 hours for $613.55 million.       
  • SoSoValue data shows net inflows of $85.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $4.95 million.
  • In the past 24 hours, top gainers include Jito, Zcash and Stellar.

Notable Developments

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A memory maker that was not even public two years ago has just accomplished in 14 months what Bitcoin (CRYPTO: BTC) took nearly a decade to deliver — and become one of the AI era’s most explosive stocks.

Sandisk Corp. (NASDAQ:SNDK) is up 5,636% since it split from Western Digital Corp. (NASDAQ:WDC) in February 2025. Bitcoin has gained 5,572% over the last nine years.

Most of Sandisk’s run came after the stock bottomed at $27.89 in April 2025 — barely 14 months ago.

Wall Street Is Now In Love With Memory Stocks

Sandisk rose as much as 6% Monday to a record near $2,100, after Western Digital surged 14% to its own all-time high. A wave of Wall Street target increases on Western Digital — JPMorgan to $650 from $530, Wells Fargo to $575, Bank of America to $610 — lit up the entire storage complex.

Sandisk has rallied 28% over the past three sessions, its sharpest three-day run since early January.

The rally rests on a physical shortage.

Most people know Sandisk from memory cards and USB sticks. The …

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Benchmark and TD Cowen on Monday pushed back against death spiral fears surrounding Strategy Inc. (NASDAQ:MSTR) as the stock surges 8% on Bitcoin’s (CRYPTO: BTC) recovery above $66,000.

Benchmark Says Strategy Has Several Buffers Before Bitcoin Sales Become Necessary

Benchmark analyst Mark Palmer called the death spiral narrative a story that skips several steps. 

Strategy’s $1 billion cash reserve must be depleted before any meaningful Bitcoin sales enter the conversation, and the perpetual preferred stock (NASDAQ:STRC) carries no hard maturity date that would trigger accelerated selling.

“The death-spiral story assumes that Strategy is one bad week from selling Bitcoin, and it skips several steps to get there,” Palmer wrote. 

“The company would have to move through a long sequence of failures before its Bitcoin reserve, currently valued at almost $55 billion, would even enter the conversation,” he …

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XRP (CRYPTO: XRP) is facing renewed criticism over its tokenomics and valuation, even as Ripple pushes the XRP Ledger into the emerging market for AI-agent payments.

‘Token Is Optional Infrastructure, Not Essential Utility’ 

Crypto trader Moody Hank argued on June 14 that XRP may still be expensive even near the $1 level, citing the token’s large supply, escrow structure and Ripple’s continued holdings.

He noted that XRP has a total supply of 100 billion tokens, with about 58 billion currently circulating and roughly 36 billion still held in escrow.

The trader criticized XRP’s pre-mined launch structure and argued that Ripple’s monthly escrow unlocks create a steady source of selling pressure.

“Every single month Ripple unlocks up to 1 …

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BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO: ETH) holdings.

BitMine Ethereum Accumulation

BitMine bought 76,881 ETH last week, raising its total holdings to 5.62 million ETH, or about 4.66% of Ethereum’s total supply.

The purchase brings BitMine 93% of the way toward its goal of owning 5% of Ethereum’s 120.7 million supply by 2026.

The company has 4,718,677 ETH staked, with annualized projected staking rewards of $219 million as a cash-flow backstop.

BitMine said its total crypto, cash, marketable securities and other holdings stand at $10.4 billion, including stakes in Beast Industries and Eightco Holdings.

The company also raised $273.8 million net through a Series A preferred stock offering, which carries a 9.5% annual dividend paid weekly.

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CFTC Chairman Mike Selig says cryptocurrency perpetual futures are beginning to move onshore in the U.S., marking what he calls a “watershed moment” for regulated digital asset markets.

“This Is Just The Beginning, Not End“

In an interview with Bankless on June 15, Selig remarked the CFTC’s recent approval of a Bitcoin (CRYPTO: BTC) perpetual futures contract on a registered U.S. exchange represents a major shift away from years of offshore crypto derivatives activity.

“We want the industry to survive, to thrive and to build here in the U.S,” he vouched.

The comments came after the CFTC approved a Bitcoin perpetual futures contract listed by KalshiX and issued a no-action letter allowing Coinbase (NASDAQ:COIN) customers to access …

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Strategy Inc. (NASDAQ:MSTR) bought 1,587 Bitcoin (CRYPTO: BTC) for $100 million last week, surging 7% in early Monday trading.

Strategy Funded Both Bitcoin And USD Reserve Through Stock Sales Alone

The purchase ran from June 8 to June 14 at an average price of $63,024 per coin, bringing total holdings to 846,842 BTC worth roughly $56 billion. 

Over the same week, Strategy raised $209 million by selling 1.73 million MSTR shares through its at-the-market program, using the proceeds to fund both the Bitcoin buy and a $100 million increase to its USD Reserve, now standing at $1.1 billion.

Notably, Strategy funded accumulation and dividend obligations entirely through equity issuance without touching its Bitcoin stack …

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Bitcoin’s (CRYPTO: BTC) has popped above $65,000 on peace deal news, but its current long-term downturn may have more to do with time than price, according to crypto analyst Benjamin Cowen.

“Time-Based Capitulation More Important“

In a June 14 market update, Cowen compared Bitcoin’s current cycle to prior midterm-year bear markets in 2014, 2018 and 2022, which historically lasted between 50 and 60 weeks from peak to trough.

While the current downturn roughly 35 weeks old, Cowen says the market may still need additional time before a definitive bottom forms.

Over the past month, BTC prices plunged around 16% while the past year saw …

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Bitcoin (CRYPTO: BTC) climbed above $65,000 on Monday after reports of a U.S.-Iran peace deal triggered a broad risk-on move, with Coinbase (NASDAQ:COIN) CEO Brian Armstrong saying he believes BTC has probably bottomed at $60,000.

US-Iran Peace Deal Reopens Strait of Hormuz and Pulls Risk Premium Out of Markets

President Trump announced Sunday that the US and Iran reached a framework agreement, with the naval blockade set to lift and the Strait of Hormuz reopening once both sides sign. 

The deal, reported by CNN, closes the chapter on the single biggest inflationary pressure weighing on global markets since the conflict began, with oil supply restrictions through the strait driving energy costs higher for months.

Moreover, Ethereum (CRYPTO: …

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Michael Saylor argues that investor confidence in Ethereum (CRYPTO: ETH) has collapsed as the token fights Solana (CRYPTO: SOL) and BNB (CRYPTO: BNB) in a battle that has drained all three of their monetary premium.

Saylor Says Bitcoin Dominance Climbed From 41% To 70% While ETH Lost Its Premium

Excluding stablecoins, Bitcoin’s (CRYPTO: BTC) market dominance climbed from roughly 41% in 2021 to nearly 70% today, Saylor said at the Bitcoin Corporate Day event on June 15.

ETH, SOL, and BNB have competed so intensely against each other that none retained a monetary premium, meaning each now depends purely on utility to justify its valuation.

Saylor framed the past 12 months as confirmation of three things: …

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Bitmine Immersion (NYSE:BMNR) bought 76,881 Ethereum (CRYPTO: ETH) last week, bringing total holdings to 5.62 million ETH as BMNR jumped 6% in pre-market Monday.

Buying Pace Stays Elevated As Bitmine Closes In On 5% ETH Supply Goal

Bitmine now holds 4.66% of Ethereum’s total supply of 120.7 million coins, putting the company 93% of the way to its stated goal of owning 5%. 

Chairman Tom Lee said the company is maintaining an elevated buying pace because the ETH price pullback does not reflect strengthening Ethereum fundamentals.

“We believe we are in the early stages of crypto spring,” Lee stated. “Bitmine is expected to reach the alchemy of 5% sometime in 2026,” he added. 

Total crypto, cash, marketable securities, and moonshot holdings now stand at …

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Cryptocurrency punters are confident that the market’s new sensation, Space Exploration Technologies Corp. (NASDAQ:SPCX), will open higher on Monday.

SPCX To Rally?

At the time of writing, Polygon (CRYPTO: POL)-based Polymarket assigned a 92% possibility that SpaceX’s opening share price on Monday is greater than or equal to the closing share price on its IPO debut on Friday.

The odds jumped a whopping 32 percentage points in the last 24 hours,  fueled not only by its blockbuster opening but also by favorable geopolitical developments.

Notably, President Donald Trump confirmed on Sunday that the peace deal with Iran is “complete,” which lifted stock futures and cryptocurrencies and increased the chances of a stronger market open on Monday.

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Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao said on Sunday that the anticipated Bitcoin (CRYPTO: BTC) super cycle may be delayed, playfully admitting that he can’t nail every prediction.

‘Super Cycle Will Come’

CZ posted on X a clip from his recent interview with CoinDesk, where he was reminded about his January prediction that 2026 will be a super cycle for Bitcoin.

“I try to avoid prediction questions regardless,” the cryptocurrency billionaire said, adding that he had already given the caveat that he cannot “predict the future.”

That said, CZ acknowledged the ongoing downturn in the market, referring to it as a “cryptocurrency winter.”

“We’re not a supercycle now, but will crypto die? Absolutely not. Crypto continues to grow. So I think the cycle will come. I’m not sure when,” he said with a chuckle.

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Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong reaffirmed on Sunday his bullish stance on Bitcoin (CRYPTO: BTC), projecting a “much higher” price for the asset by 2030.

‘A key Part Of Our Economy’

Armstrong shared a clip on X from his recent appearance on the Moonshots with Peter Diamandis podcast, where he expressed strong optimism about Bitcoin’s future.

“I think Bitcoin is the new digital gold. I think it’s gonna be a key part of our economy going forward into the future. So, I am as bullish as ever,” the cryptocurrency billionaire said.

Armstrong Says Bitcoin Bottom Might Be In

Armstrong also posted a chart mapping Bitcoin’s historical 4-year cycles, highlighting alternating bull and bear phases from 2011 through 2025.

“We can kinda see …

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Cryptocurrency bettors are buzzing with speculation over a star-studded lineup of people expected at UFC Freedom 250, the historic mixed martial arts event underway on the South Lawn of the White House.

Polymarket Wagers On Celebrity Attendance

Polygon (CRYPTO: POL)-based Polymarket assigned a 35% chance to Elon Musk attending the event. Notably, TMZ Sports reported earlier in the week that Musk is expected to be present at the event, the first professional combat sports showcase at the presidential residence.

Matthew McConaughey, famed for his role in “Interstellar,” held a 49% chance, while comedian and actor Chris Rock came in at 47%. Internet sensation Jimmy Donaldson, better known as MrBeast, had just a 2% chance. Nearly $675,000 has been wagered on the outcome as of this writing.

At the time of writing, National Hockey League stars Matthew Tkachuk and Brady Tkachuk are present at the event, according to Yahoo Sports. Shane McMahon, former wrestler and the son of WWE baron Vince McMahon, was …

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Leading cryptocurrencies lifted alongside stock futures overnight on Sunday after President Donald Trump said that a framework agreement to end the conflict with Iran had been completed.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 10:30 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.84% $63,246.60
Ethereum (CRYPTO: ETH)
               		 +1.33% $1,660.40
XRP (CRYPTO: XRP)                          +2.72% $1.13
Solana (CRYPTO: SOL)                          +3.60% $66.48
Dogecoin (CRYPTO: DOGE)              +2.12% $0.08570

Crypto Market Spikes

Bitcoin jumped to $65,800 overnight as trading volume soared 36% over the last 24 hours. Ethereum hit $1,730, fueled by a similar wave of buying pressure, while XRP and Dogecoin posted sharp gains.

Over $333 million was liquidated from the market in the last 24 hours, with short position traders losing $239 million, according to Coinglass data.

Bitcoin’s open interest spiked 2.57% in the last 24 hours. Retail and whale derivatives traders with open BTC positions remained “bullish” on the apex cryptocurrency.

Despite the gains, “Extreme Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price …

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Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor congratulated Elon Musk and Space Exploration Technologies Corp.  (NASDAQ:SPCX) on their record-breaking IPO, while drawing attention to the newly-listed firm’s substantial Bitcoin (CRYPTO: BTC) holdings.

Musk’s Firms Leading ‘Mag 8’ Bitcoin Leaderboard

Saylor hailed SpaceX’s debut as ‘historic’ on X, noting that 25% of the “Mag 8” companies — the original “Mag 7” plus SpaceX — now hold Bitcoin on their balance sheets.

The aerospace giant revealed in its IPO filing that it holds 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. The total cost basis of …

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Michael Saylor, co-founder of Strategy Inc. (NASDAQ:MSTR), once acknowledged that his mother’s encouragement planted the belief in him that he could succeed in life.

The Story Of The ‘Best Paper Boy’

During the “When Shift Happens” podcast that aired May 21, Saylor recalled his first job as a paperboy in Dayton, Ohio, when he’d wake up very early in the morning to drop off newspapers.

He remembered there was a competition for the “best paper boy” in the city, and how his mother had encouraged him to participate.

“And she’s telling me, whispering my, ‘You’re going to do great things. You know, you’re going to conquer the world,” Saylor added.

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A Canadian teenager accused of stealing millions in cryptocurrency and financing a luxury lifestyle with the proceeds has pleaded guilty to money laundering charges in U.S.

What Happened

Trenton Johnston, a 20-year-old Canadian citizen, pleaded guilty Tuesday in federal court in Miami to one count of conspiracy to commit money laundering.

According to prosecutors cited by The New York Times, Johnston participated in a cryptocurrency fraud operation over a two-year period.

Court filings allege Johnston impersonated representatives from Google and cryptocurrency companies to gain access to victims’ accounts before stealing their funds.

Authorities say the proceeds financed an extravagant lifestyle that included luxury vehicles, jewelry, nightclub spending and private jet travel.

The Alleged Scheme

Homeland Security investigators said Johnston entered the U.S. from Canada …

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Ethereum (CRYPTO: ETH) remained in a narrow range on Sunday, continuing a consolidation that has been going on in the past week. ETH was trading at $1,662, a few points above the year-to-date low of $1,510. Still, technicals and fundamentals suggest that it may be on the cusp of more downside.

Ethereum Price May Drop Further as Wall Street Sells

There are signs that US investors are rotating from the crypto industry and pumping their cash to the booming stock market. Data shows that spot Ethereum ETFs have continued experiencing substantial outflows this year.

These ETFs suffered a $4.95 million in outflows on Friday, bringing the weekly losses to $14.9 million. The funds have lost over $187 million in assets this month, bringing the year-to-date net outflows to $1.1 billion. 

The same is happening with Bitcoin (CRYPTO: BTC), whose ETFs have lost over $3 billion this year. 

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Ripple (CRYPTO: XRP) continued its strong downward trend last week and is hovering at its lowest level since November 2024. It has dropped in the last five consecutive weeks and is down by 70% from its highest point last year. 

XRP Price Has Slipped Despite Rising ETF Inflows

The XRP token has been in a steep decline since July last year despite some bullish news. One of the top catalysts has been rising ETF inflows, a sign that US investors are accumulating. 

Data shows that these ETFs have added $13 million in assets this month after adding $132 million in May. They are in the third consecutive month of inflows, with the net cumulative figure jumping to $1.44 billion. The Bitwise XRP ETF leads with $296 million, while Canary’s XRPC has $254 million. 

The ongoing XRP ETF inflows is a sharp contrast to those of Bitcoin

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This week in the crypto world was a rollercoaster ride, with Bitcoin’s potential drop, Dogecoin’s spending versus holding debate and significant purchases by crypto whales.

Let’s dive into the top stories that shaped the week.

Bitcoin’s Worst-Case Scenario

A Bitwise executive has outlined a potential worst-case scenario for Bitcoin, suggesting that the cryptocurrency could drop another 20% to $48,000. The executive identified three structural supports beneath the current spot price, with $48,000 being the worst-case floor if all three give way.

Read the full article here.

Dogecoin’s Purpose: Spending or Holding?

The Dogecoin Foundation’s director, Timothy Stebbing, has argued that Dogecoin is for spending, not holding. This statement comes amidst a debate within the crypto community about whether utility or speculation will determine the cryptocurrency’s future.

Read the full article here.

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Bitcoin (CRYPTO: BTC) jumped above $64,250 on Saturday, helped by falling crude oil prices and dip buying among investors. It has jumped by close to 10% from its lowest point this month. Still, the coin is facing a $4.4 billion headwind as the risky bearish pennant pattern forms.

Bitcoin Price is Facing a $4.4 Billion Tailwind as US Investors Dump

Data shows that American investors continued dumping their Bitcoin ETF holdings this week. These funds suffered a $315 million outflow, with the iShares Bitcoin ETF (NASDAQ:IBIT) and Fidelity’s FBTC leading the charge. 

This week’s outflows brought the monthly loss to over $2.4 billion. Added to the $2.4 billion they lost in May, these funds have lost 44.4 billion in the last two months, much higher than the $3.2 billion they added in March and April this year. 

The ongoing ETF outflows is likely because American investors have been rotating from crypto to the booming stock market. Stock ETFs have added over $1 trillion in assets this year, with the Vanguard S&P 500 ETF …

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A crypto trader known as Jawz posted Friday that he turned a presale allocation into $80 million, only to see his net worth evaporate to $500,000 after a streak of financial excess.

From $80 Million To $500,000: How It Happened Step By Step

Jawz got a presale allocation in OlympusDAO in 2021, staked everything, and watched the position compound daily to $80 million at peak. 

Rather than taking profits, he started spending.

Private jets to Dubai, $40,000 weekends in Monaco, a garage of cars driven twice, and high-limit casino rooms in Vegas and Macau where he would lose $2 million in a night.

When OHM unwound, he did not sell. He doubled down, then leveraged at 5x, then 10x, trying to trade back to the peak. 

Each liquidation triggered a larger position. $80 million became $20 million, then …

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The SpaceX (NASDAQ:SPCX) trading debut Friday is quietly creating a Bitcoin (CRYPTO: BTC) buying opportunity, according to Milk Road analyst John Gillan.

Capital Rotation Into SpaceX Is Draining Crypto Of Attention And Buyers

Investors have been raising cash for weeks to fund SpaceX allocations, pulling liquidity from Bitcoin and crypto in the process. 

SpaceX opened at $162 Friday, above its $135 IPO price, after raising $75 billion at a $1.77 trillion valuation, making it the seventh most valuable US company ahead of Tesla Inc. (NASDAQ:TSLA). 

Elon Musk said on a JPMorgan Chase (NYSE:JPM) livestream before the IPO that SpaceX has been cash-flow positive since around 2015 and plans to put over 100,000 satellites in orbit and build AI data centers in space.

“Bitcoin and crypto right now have gotten like no attention, no speculation, no …

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Bitcoin is holding $63,000 as optimism around a peace deal in the middle East fuels positive social sentiment.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,674
Ethereum (CRYPTO: ETH) $1,664
Solana (CRYPTO: SOL) $67.30
XRP (CRYPTO: XRP) $1.13
Dogecoin (CRYPTO: DOGE) $0.08783
Shiba Inu (CRYPTO: SHIB) $0.054847

Notable Statistics:

  • Coinglass data shows 108,898 traders were liquidated in the past 24 hours for $284.06 million.       
  • SoSoValue data shows net outflows of $19.03 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $15.9 million.
  • In the past 24 hours, top gainers include Humanity, OFFICIAL TRUMP and Audiera.

Notable Developments:

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Standard Chartered Global Head of Digital Assets Research Geoff Kendrick called the crypto bottom Friday, saying Bitcoin’s (CRYPTO: BTC) drop to $59,000 marked the lowest point of this cycle and that crypto winter is over.

Why Kendrick Thinks $59,000 Was The Low

Kendrick’s call rests on three converging catalysts arriving simultaneously Friday. Oil prices fell 1.5% to $86 per barrel as Trump announced a potential US-Iran peace deal could come this weekend ahead of the G7 summit. 

SpaceX’s (NASDAQ:SPCX) $75 billion IPO launched, which Kendrick argued pulled capital out of Bitcoin ETFs as investors sold to free up cash for the offering rather than exiting crypto on fundamental concerns.

“I think we have now seen …

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GameStop Corp. (NYSE:GME) has renewed a Bitcoin (CRYPTO: BTC) options arrangement with Coinbase (NASDAQ:COIN) after the first set of contracts expired worthless, extending a strategy that generated modest income but contributed little to the retailer’s record quarterly profit.

What Happened

GameStop rolled over covered call contracts tied to nearly all of its Bitcoin holdings after the previous batch expired on May 29, based on its latest quarterly filing.

The arrangement allows Coinbase to potentially acquire the Bitcoin at a predetermined price if the cryptocurrency rises above the strike …

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Former FTX CEO Sam Bankman-Fried has lost his appeal seeking a new trial, with a federal appeals court upholding his fraud conviction and 25-year prison sentence.

What Happened

On Friday, the U.S. Court of Appeals for the Second Circuit affirmed the conviction of Sam Bankman-Fried, rejecting arguments that he was denied a fair trial and improperly prevented from presenting key evidence.

The decision leaves intact the verdict reached by a New York jury in November 2023, which found Bankman-Fried guilty on seven counts of fraud and conspiracy tied to …

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Ripple (CRYPTO: XRP) CEO Brad Garlinghouse sharply criticized JPMorgan (NYSE:JPM) CEO Jamie Dimon’s opposition to cryptocurrency legislation, accusing the banking executive of either intentionally misrepresenting or negligently misunderstanding the implications of the CLARITY Act.

Dimon Trying To Protect

Speaking on Fox Business on June 11, Garlinghouse pushed back against Dimon’s recent criticism of the CLARITY Act, a bill designed to establish a regulatory framework for digital assets in the U.S.

Dimon had argued that certain provisions could weaken oversight and allow crypto firms to offer reward programs that compete with traditional banking products.

Garlinghouse rejected those claims.

He noted that a large portion of global crypto trading activity remains offshore, arguing that …

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Cardano (CRYPTO: ADA) founder Charles Hoskinson announced Friday he is migrating the Cardano community from X to Discord as ADA trades up 14% since last Saturday despite sitting 74% below its 12-month high.

Hoskinson Moving AMAs To Discord While Keeping X For Broadcasts Only

Hoskinson posted Friday that he is working with community member Phillip Pon to build a new Cardano Discord server, framing it as a move toward better-moderated discussions away from X’s noise. 

He will continue broadcasting livestreams to his million X followers but will only take AMA questions from the new Cardano and Midnight Discord servers going forward.

“I will continue broadcasting live streams to X as I have a million followers here, but will only take AMA questions from the new Cardano and current Midnight discords,” Hoskinson posted. 

He …

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Bitwise Head of Research Europe André Dragosch said Friday that Bitcoin (CRYPTO: BTC) faces up to 20% further downside from current levels, with the long-term holder cost basis near $48,000 as his max pain scenario.

Three Support Levels Stack Between $48,000 and $61,000

Dragosch mapped out the structural supports sitting beneath current spot price at BTC Prague Thursday. 

The 200-week moving average sits near $61,000, the realized price near $56,000, and the long-term holder cost basis near $48,000. 

Each level represents a zone where historically buyers have stepped in, with $48,000 being the worst-case floor if all three give way.

Despite the bearish downside scenario, Bitwise’s experimental bottom-cycle probability model began ticking higher last week, even as on-chain indicators remain below the extremes that …

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XRP (CRYPTO: XRP) sentiment has dropped to its lowest level since October 2025, with whale selling raising questions about whether the latest buy signal can produce a sustained rally.

XRP Sentiment Has “Fallen Off A Cliff“

Santiment data said that “XRP sentiment has quietly fallen off a cliff.”

Data shows price weakness has contributed to the decline but so has growing fatigue over the lack of a major catalyst despite years of anticipation around Ripple’s legal clarity and institutional adoption narratives.

The analytics firm added that some of XRP’s strongest …

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Michael Saylor addressed the backlash over Strategy Inc.’s (NASDAQ:MSTR) 32 Bitcoin (CRYPTO: BTC) sale at BTC Prague Thursday, drawing a clear line between personal advice and corporate treasury management.

Saylor Says The Advice Was For Individuals, Not Companies

Saylor confronted the contradiction directly from the Prague stage.

He acknowledged telling individual investors never to sell their Bitcoin but said that advice was never directed at Strategy as a corporation.

“I said to you, never sell your Bitcoin. I never said that the company wouldn’t sell its Bitcoin,” Saylor said in a video shared on X. 

“Anybody that’s been listening to our earnings calls or reading our disclosures or has half a brain knows for the last five years, we’ve been very clear that of course we sell the Bitcoin if we have to,” he added.

The sale itself barely registers against the size of the position. Strategy

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Bitcoin’s (CRYPTO: BTC) current downturn may be painful, but Strive (NASDAQ:ASST) executive Matt Cole says the asset is already in a bottoming process and that new BTC-backed credit products could make future bear markets less severe.

Digital Credit As A New Bitcoin Bid

Speaking on the Bitcoin Magazine Podcast on June 10, Cole described the latest Bitcoin selloff as a “classic” but relatively mild bear market.

“The fundamentals around Bitcoin have never been stronger,” Cole said, pointing to growing institutional adoption, ETF distribution through retirement accounts, improving regulation and the rise of digital credit products.

Cole expects Bitcoin could move …

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Dogecoin’s (CRYPTO: DOGE) official X account marked the start of the FIFA World Cup on Thursday by posting images of Shiba Inu dogs in national team jerseys.

DOGE Goes Woof-A!

The image featured three adorable canines on a soccer field, sporting U.S., Japan, and England jerseys.

“Drop ur flag so we know which country got the most shibes,” the X handle urged as it attempted to map Dogecoin supporters worldwide.

Replies showed diverse flags from countries, including Brazil, Mexico and Canada, suggesting DOGE’s broad worldwide fanbase.

In fact, one user, MrGoldRobe.eth, declared …

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Solana (CRYPTO: SOL) Foundation President Lily Liu said on Thursday that tokenized shares of SpaceX will be available on the blockchain as soon as the company lists publicly elsewhere.

Solana Set To Welcome SpaceX

During an interview with CNBC, Liu said that the shares will be “globally” accessible via tokenization platforms, including Ondo Finance (CRYPTO: ONDO), xStocks and Sunrise.

Ondo Finance confirmed the asset will be called SPCXon. More than 200 assets, including “Mag 7 stocks” such as Nvidia Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT), are already available on Ondo’s tokenized platform.

Note that the platform is not currently available in the U.S.

xStocks also announced that the cryptocurrency derivative of …

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Japan’s lower house passed a bill on Thursday that puts cryptocurrency in the same legal category as stocks and other financial instruments.

Big Catalyst For Crypto In Japan

The bill advanced after receiving approval from the House of Representatives’ Finance and Financial Affairs Committee, according to Parliament records. If the upper house, i.e., the House of Councillors, approves it, the legislation is expected to take effect next year.

Under the new proposal, cryptocurrency assets would be defined as financial instruments and fall under a regulatory regime akin to that for stocks.

“It is necessary to regulate cryptocurrency trading as a financial instrument transaction rather than as a service related to fund settlement,” the bill read. “Accordingly, it is necessary to improve the …

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Punters on prediction markets are ramping up bets that Elon Musk may eventually combine Tesla Inc. (NASDAQ:TSLA) and SpaceX into one entity.

What’s Happening On Polymarket And Kalshi?

Polygon (CRYPTO: POL)-based Polymarket assigned a 38% chance that the two companies will officially merge by Dec. 31.

Over $560,000 has already been wagered on the outcome, and the market will resolve to “Yes” if Tesla is merged with or acquired by SpaceX or vice versa.

Kalshi bettors, however, anticipated only 24% chance of a combination this year, but increased the likelihood to 53% by May 2027.

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Leading cryptocurrencies climbed alongside stocks on Thursday after President Donald Trump called off “scheduled” strikes on Iran amid hopes for a peace deal.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:30 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.84% $63,246.60
Ethereum (CRYPTO: ETH)
               		 +1.33% $1,660.40
XRP (CRYPTO: XRP)                          +2.72% $1.13
Solana (CRYPTO: SOL)                          +3.60% $66.48
Dogecoin (CRYPTO: DOGE)              +2.12% $0.08570

Crypto Market Pops

Bitcoin jumped to an intraday high of $63,850 as buying pressure surged. Ethereum nearly broke through $1,700, while XRP and Dogecoin recorded sharp upticks.

Cryptocurrency-related stocks also rallied, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 4.16% and 5.63%, respectively. 

Over $260 million was liquidated from the market in the last 24 hours, predominantly in short positions, according to Coinglass data.

Bitcoin’s open interest rose 1.23% in the last 24 hours. Retail and whale derivatives traders with open BTC positions remained “bullish” on the apex cryptocurrency.

Despite the swift gains, “Extreme Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:30 p.m. EDT)
Yooldo (ESPORTS)       +137.17%     $0.2179
Velvet (VELVET)                    +94.30%     $1.73
SKYAI (SKYAI)               +54.46%     $0.2641

The global cryptocurrency market capitalization stood at $2.17 trillion, following an increase …

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Strike founder Jack Mallers said at BTC Prague that Bitcoin (CRYPTO: BTC) trading below $63,000 is not a sentiment problem but the only honest signal in a global financial system that has run out of liquidity.

Bitcoin Is Telling The Truth That Equity Markets Cannot

Mallers pointed to a striking contradiction. University of Michigan consumer sentiment sits at its lowest level ever recorded, below 2008, below 2000, below the 1980s, while the S&P 500 (NYSE:SPY) trades near all-time highs. 

He argued central intervention has broken equity as a reliable signal, leaving Bitcoin as the only unmanipulated read on actual financial conditions.

“Bitcoin is the closest thing we have to the monetary reflection of truth,” Mallers said. “Active 24/7 traded indicator of how the world is doing.”

His explanation for …

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XRP (CRYPTO: XRP) has printed a TD Sequential buy signal on the 3-day chart, but analyst Ali Charts warns the signal is likely short-lived as whales have offloaded roughly 60 million XRP over the past week.

The Buy Signal Is Real But Whales Are Not Buying It

The TD Sequential indicator on the 3-day chart historically anticipates a one to four candlestick rebound, offering short-term relief from compression rather than a trend reversal.

The problem is that on-chain data contradicts the bullish read. Overall large-scale whale activity on the XRP network dropped 57.3%, and the few large entities still active are actively distributing rather than accumulating.

“Instead of absorbing circulating supply to support a bullish breakout, active whales have offloaded roughly 60 million XRP over the past week,” Ali …

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Citigroup (NYSE:C) is launching a blockchain-based venture letting wealthy and institutional clients trade private company shares alongside public stocks, as Wall Street races to broaden access to pre-IPO names like SpaceX and Anthropic.

Tokenized Depositary Receipts Put Private Shares On The Same Rail As Public Stocks

The venture works through tokenized depositary receipts, securities that let investors buy stakes in private companies and hold them within the same account as public equities, The Wall Street Journal reported on Thursday.

Citi issues and custodies the securities on a blockchain operated by Switzerland-based SIX, with plans to extend to other networks.

“This lets clients put private-company shares essentially right next to their Apple stock,” said Artem Korenyuk, Citi’s global lead for digital assets. 

The venture launched with an initial trade in which wealth clients invested in Kaleido, an institutional tokenization platform. 

It is currently open to …

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Bitcoin held above $63,000 as cooler-than-expected inflation data eased concerns over aggressive Federal Reserve tightening, helping lift sentiment across the cryptocurrency market.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,577
Ethereum (CRYPTO: ETH) $1,684
Solana (CRYPTO: SOL) $66.54
XRP (CRYPTO: XRP) $1.13
Dogecoin (CRYPTO: DOGE) $0.08609
Shiba Inu (CRYPTO: SHIB) $0.054837

Notable Statistics:

  • Coinglass data shows 119,414 traders were liquidated in the past 24 hours for $303.20 million.       
  • SoSoValue data shows net outflows of $213.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $35.6 million.
  • In the past …

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Glassnode’s weekly on-chain report shows over 95% of short-term Bitcoin (CRYPTO: BTC) holders are underwater, with May buyers down 17% to 19% and no meaningful demand response yet from institutions or corporate treasuries.

Recent Buyers Are Deeply Underwater With No Meaningful Bounce Yet

Glassnode’s Short-Term Holder MVRV, which tracks how much recent buyers are up or down on average, printed 0.81 at its low before recovering slightly to 0.83. 

The $78,000 to $82,000 accumulation cluster built during May is now broadly in loss. Meanwhile, only 3.3% of short-term holder supply is currently in profit against a four-year average of 55%, meaning more than 95% of recent buyers are underwater.

The selling pressure is building but has not hit the extreme that historically marks a true bottom. 

The loss realization indicator sits at -1.86, just one small step away from the -2 level …

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Prominent crypto analyst Capo remains bullish on Bitcoin (CRYPTO: BTC), arguing that current market conditions resemble an accumulation phase rather than the start of a deeper collapse.

“This Is Not Time To Sell, But To Buy”

In a June 11 market update, Capo acknowledged that his bullish thesis has not played out yet but maintained that his broader outlook remains unchanged.

The analyst noted that high-timeframe market calls often take longer to develop and that timing is frequently the most difficult part of macro investing.

Despite Bitcoin’s weakness, Capo continues to view the current area as a major support zone, as in February.

He also …

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Bitcoin (CRYPTO: BTC) is holding above the critical $60,000 level, yet some investors are rotating capital into XRP (CRYPTO: XRP) and select altcoins ahead of potential crypto legislation in Washington.

Institutional De-Risking

Speaking on Schwab Network’s Crypto Corner, Adam Lynch, director of equity research at the Schwab Center for Financial Research said Bitcoin ETFs have experienced approximately $1.7 billion in outflows over the past week and more than $5.4 billion over the last month.

Crypto investment products overall have recorded roughly $4.5 billion in outflows during the past three weeks.

The recent selling marks a sharp reversal from early May, when Bitcoin ETFs enjoyed a 10- to 12-day inflow streak.

“We …

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Bitcoin (CRYPTO: BTC) could eventually reach $1 million, but its path to a new all-time high may require a major catalyst that reinforces its role as decentralized financial infrastructure, according to a Morgan Stanley (NASDAQ:MS) executive.

“We’re Still Early Stage Here“

Speaking on the Coin Stories podcast, Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said Bitcoin’s long-term adoption story remains in its early stages even as major financial institutions continue building products around the asset.

The firm recently launched its Bitcoin exchange-traded product, (NASDAQ:MSBT), which she said had the best first-day ETF debut in Morgan Stanley’s history.

Morgan Stanley recommends Bitcoin allocations …

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The Tom DeMark Sequential indicator that predicted Dogecoin’s (CRYPTO: DOGE) 31% crash from $0.113 to $0.078 in May is now flashing a buy signal as DOGE bounced 3% on Thursday.

The Same Indicator That Called The Top Is Now Calling A Bottom

Analyst Ali Charts flagged the signal on X, noting the May 7 sell signal preceded the 31% correction almost exactly. 

The same setup now points the other direction. Supporting the case, the daily SAR flipped bullish at $0.078, sitting below price and holding for two consecutive green days, the most constructive price action since April. 

On Tuesday, Ali Charts also flagged whale accumulation of over 200 million DOGE, adding further weight to the setup.

However, the full bearish EMA stack remains overhead as resistance between $0.09195 and $0.11742. 

The broken channel base near $0.093 to $0.095 is the first real wall to clear. Reclaiming the 20 EMA at $0.09195 on volume targets $0.09725 then $0.10168. Losing SAR support at …

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Kevin O’Leary says Bitcoin’s (CRYPTO: BTC) recent weakness has less to do with fading investor interest and more to do with regulatory uncertainty.

BTC Going “Nowhere” Until CLARITY Act

Appearing on Fox Business on June 10, the O’Leary Ventures chairman said Bitcoin’s decline from its all-time high near $120,000 to around $60,000 has disappointed many investors who expected ETFs and institutional adoption to drive prices higher.

“Bitcoin’s going nowhere until the CLARITY Act becomes law,” O’Leary said.

He added that sovereign wealth funds and institutions are not yet touching Bitcoin as it is not yet law. O’Leary predicts 1% to …

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Influential investor and media personality Kevin O’Leary anticipated regulatory clarity to be the key driver for the next phase of Bitcoin (CRYPTO: BTC) and cryptocurrency adoption.

‘Real’ Crypto Catalyst Awaited

O’Leary posted on X a clip from his Fox interview aired on Tuesday, in which he said that Bitcoin’s growth has stalled because the “real catalyst” for the next wave of cryptocurrency growth has yet to arrive.

“Large institutions, pension funds, and sovereign wealth funds are waiting for regulatory clarity before making meaningful allocations to Bitcoin and digital assets,” the “Shark Tank” star stated. “That’s why I believe the next phase of crypto adoption will be driven less by speculation and more by legislation.”

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Bitcoin (CRYPTO: BTC) ETF net assets have fallen back to election night levels, but analyst Scott Melker argues the dollar decline is price action not capitulation, with ETFs still holding 93% of their peak Bitcoin.

The Dollar Decline Is Misleading: Coins Tell A Different Story

Total ETF net assets peaked at $169 billion in October 2025 and have since fallen 54% in dollar terms. 

However, Bitcoin holdings only dropped from 1.37 million coins at the peak to 1.27 million today, a 7.2% decline. The $4.4 billion in net outflows over the record 13-session streak represents a real but small trim relative to total holdings.

“These ETFs still hold roughly 93% of the Bitcoin that they did at the very top,” Melker said on Yahoo Finance. “The decline in price that’s being reported is price. It …

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Solana (CRYPTO: SOL) Foundation President Lily Liu noted that the recent weakness in Bitcoin (CRYPTO: BTC) is being driven less by crypto-specific problems and more by capital rotating into AI and other high-growth opportunities.

Capital Rotation Behind Price Downfall

Liu argued on CNBC on Wednesday that over Bitcoin’s 17-year history, it has risen from mere cents to tens of thousands of dollars, reaching as high as $120,000 during the latest cycle.

“Over the long term, it is doing fine,” Liu said.

According to Liu, the primary reason behind disappointing price action is a shift in capital toward other speculative growth opportunities.

She pointed to the digital asset treasury boom that fueled crypto markets between June and September 2025 as a major source of liquidity.

Following such a …

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AI Financial Corp., (NASDAQ:AIFC), previously known as Alt5 Sigma, has reported an improved outlook despite suffering significant losses from a billion-dollar investment in a Trump-endorsed cryptocurrency. 

On Wednesday, the company disclosed in a Securities and Exchange Commission filing that the issues that led to its previous warnings to investors “have been substantially mitigated.” The company said it has enough liquidity and financial resources to support operations and meet its obligations for at least the next 12 months.

In August, the company, then known as Alt5 Sigma, entered into a $1.5 billion deal with the Trump family-backed World Liberty Financial (WLFI). Since then, AI Financial Corp’s stock has plunged over 92% from $8.97 on the deal date to $0.65, as of Wednesday’s close, as per data from Benzinga Pro.

To remain listed on Nasdaq, AI Financial must sustain a share price above $1. The company risks delisting if it does not achieve compliance within the next two weeks.

Despite the losses, AI Financial’s CEO Tony Isaac has confirmed on Wednesday that the company has no intention of selling its WLFI tokens. Approximately 3.2 billion of …

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Strategy Inc. (NASDAQ:MSTR) CEO Phong Le said on Wednesday that institutional shareholders were not as unsettled by the company’s Bitcoin (CRYPTO: BTC) sales as retail investors and cryptocurrency anarchists.

Strategy CEO Says BTC Sale Blown Out Of Proportion

During an interview with CNBC, Le said that the firm would continue to sell its Bitcoin if “it makes sense” for its common stockholders.

He stated that the latest sale of 32 BTC, worth $2.5 million, was to “test” the company’s processes and wondered why it received so much attention.

“Institutional shareholders that we talk to don’t seem to be unnerved by it,” the CEO added. “I think the unnerving is the retail community that views on never selling your Bitcoin, who are crypto-anarchists. Frankly, we have a lot more than just them as constituents.”

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If you believe cryptocurrency punters, SpaceX shares might open above $150 when they hit the public market on Friday.

SpaceX To Exceed Expectations?

At the time of writing, Polygon (CRYPTO: POL)-based Polymarket assigned a 48% possibility of SpaceX listing between $150 and $200.

Similarly, there was a 41% chance that the aerospace giant would debut between $200 and $250. Bettors have largely ruled out any chance of SpaceX opening below $100.

Another market showed a 94% chance that the stock will open above its initial public offering price of $135 per share.

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The odds of President Trump announcing a ceasefire between the U.S. and Iran have plummeted as the U.S. and Iran have started exchanging strikes.

While a deal was expected to be announced soon, Iran downed an American Apache helicopter on Monday, prompting Trump to call for a “very strong response.”

Here’s What Prediction Market Is Saying

Polymarket, a Polygon (CRYPTO: POL) based prediction platform that allows users to wager on an outcome using the USDC (CRYPTO: USDC) stablecoin, is currently betting on a contract “Trump announces US x Iran ceasefire …

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Market commentator and popular media personality Jim Cramer dubbed Bitcoin (CRYPTO: BTC) and gold as “bad money” on Wednesday, which are getting dumped to participate in SpaceX’s upcoming IPO.

Good Vs. Bad

In an X post, Cramer posited that investors are liquidating assets to free up cash for SpaceX, expected to be the biggest stock market debut in history. But the way he described those assets raised some eyebrows.

The “Mad Money” host called Bitcoin and gold “bad money,” while referring to Nvidia Corp. (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL) as “good money,” all of which came under selling pressure.

Sign Of BTC Bottom?

Some users pushed back against Cramer’s characterization of gold as “bad money.” Bitcoin enthusiasts, meanwhile, celebrated the comment as a sign that the cryptocurrency had bottomed out—a nod to …

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Leading cryptocurrencies traded sideways, while stocks closed lower on Wednesday as resumption in U.S.-Iran hostilities dampened risk-on appetite

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m. EDT)
Bitcoin (CRYPTO: BTC) +0.28% $61,916.15
Ethereum (CRYPTO: ETH)
               		 -0.48% $1,632.51
XRP (CRYPTO: XRP)                          -2.52% $1.10
Solana (CRYPTO: SOL)                          -1.53% $64
Dogecoin (CRYPTO: DOGE)              -1.44% $0.08363

Crypto Market Stagnates

Bitcoin spiked to an intraday high of $62,788 but faced stiff resistance soon after. Ethereum meandered in the $1,600 zone, while XRP and Dogecoin traded in the red.

Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.43% and 3.46%, respectively. 

Over $400 million was liquidated from the market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.

Bitcoin’s open interest rose marginally by 0.84% in the last 24 hours. Retail and whale derivatives traders with open BTC positions, meanwhile, remained long on the apex cryptocurrency.

“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:15 p.m. EDT)
Velvet (VELVET)       +123.97%     $0.8940
Audiera (BEAT)                    +49.55%     $7.12
Magma Finance (MAGMA)               +44.27%     $0.5399

The global cryptocurrency market capitalization stood at $2.12 trillion, following a dip of 0.33% from the previous day.

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(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)

U.S. stock futures fell on Wednesday, as the Nasdaq 100, S&P 500, and the Dow Jones indices declined, following Tuesday’s mixed close.

The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose 4.2% year-over-year in May, matching FactSet estimates to hit its highest mark since April 2023.

Core inflation also remained sticky, with the all items less food and energy index accelerating by 2.9% over the past 12 months, climbing past the 2.8% rate seen in April.

On Tuesday, President Donald Trump ordered military strikes against Iran after a U.S. Apache helicopter was brought down near the Strait of Hormuz. Trump later downplayed the severity of the incident, telling The Wall Street Journal that it “wasn’t a big deal” because “the pilot is fine.”

This came right after Trump posted early Monday that “both sides, Israel and Iran, are looking to do an immediate ceasefire,” shortly before Iran’s armed forces said they had ended military operations against Israel.

Meanwhile, the 10-year Treasury bond yielded 4.53%, and the two-year bond was at 4.14%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98.2% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Index Performance (+/-)
Dow Jones -0.45%
S&P 500 -0.54%
Nasdaq 100 -0.88%
Russell 2000 -0.64%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Wednesday. The SPY was down 0.54% at $733.10, while the QQQ declined by 0.77% to $702.41.

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While Dogecoin (CRYPTO: DOGE) whales are accumulating, the crypto community is debating whether utility or speculation will ultimately determine the cryptocurrency’s future.

“Dogecoin Is For Spending, Not Holding“

In an X post on June 10, Timothy Stebbing, director at the Dogecoin Foundation, pushed back against critics who frequently dismiss ecosystem developments because they fail to trigger immediate price gains.

According to Stebbing, every announcement involving new Dogecoin features or utility improvements tends to attract the same responses from traders focused solely on price action.

“If you have ever read anything or listened to anything I’ve said in the last six years, you’d understand price is irrelevant to me,” Stebbing …

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Bitcoin (CRYPTO: BTC) IRA co-founder Chris Kline and Anthony Pompliano tackled the three biggest Bitcoin myths on Tuesday, arguing that volatility concerns, ban fears, and quantum threats are all fundamentally misunderstood by most investors.

Myth One: Bitcoin Is Too Volatile For Retirement Savings

Kline argued the opposite is true.

Retirement accounts carry the longest investment horizon available, often 20 to 40 years, and that duration matches Bitcoin’s long-term appreciation cycle better than almost any other asset class. 

The tax-advantaged structure compounds the advantage further, allowing Bitcoin’s gains to grow either tax-free or tax-deferred depending on the account type.

Pompliano framed it as a duration matching problem.

Short-term volatility becomes noise when the holding period stretches across decades, and pairing a long-duration vehicle like a retirement account with a long-duration asset like Bitcoin removes the mismatch that causes …

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Bitcoin rebounded from recent lows but remains below $62,000 as Fidelity recorded its largest Ethereum purchase in two months, signaling renewed institutional interest.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $61,842
Ethereum (CRYPTO: ETH) $1,628
Solana (CRYPTO: SOL) $63.80
XRP (CRYPTO: XRP) $1.10
Dogecoin (CRYPTO: DOGE) $0.08356
Shiba Inu (CRYPTO: SHIB) $0.054663

Notable Statistics:

  • Coinglass data shows 99,015 traders were liquidated in the past 24 hours for $304.32 million.       
  • SoSoValue data shows net outflows of $77.4 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $40.9 million.
  • In the past 24 hours, top gainers …

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Dogecoin (CRYPTO: DOGE) whales accumulated over 200 million tokens last week as House of Doge and MoonPay launched DOGE Pay, bringing native Dogecoin payments to more than 6,000 merchants.

House Of Doge And MoonPay Launch DOGE Pay Across 6,000 Merchants

House of Doge, the official corporate arm of the Dogecoin Foundation, announced a partnership with MoonPay on Monday that brings native Dogecoin support to MoonPay’s existing network of over 6,000 merchants. 

The collaboration also introduces DOGE Pay, a Dogecoin-first checkout solution planned for Q3 rollout, with a competitive 1% processing fee and streamlined merchant onboarding.

MoonPay Commerce enables merchants to accept crypto payments across online, in-app, and point-of-sale environments with instant conversion into fiat or stablecoins. 

House of Doge CEO Marco Margiotta framed the deal …

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The highly anticipated initial public offering of Elon Musk’s SpaceX is creating ripple effects far beyond the aerospace sector, potentially reshaping capital flows across ETFs as investors raise cash to participate in what could become the largest IPO in history.

• iShares Bitcoin Trust stock is trading at depressed levels. Where is IBIT stock headed?

SpaceX is expected to debut with a valuation of roughly $1.75 trillion and has reportedly reserved as much as 30% of shares, or $22.5 billion worth of stock, for retail investors.

That unusually large retail allocation has fueled expectations that investors may sell other speculative assets, including cryptocurrencies and related ETFs, to fund purchases of the stock.

Analysts and market participants told Reuters that cryptocurrencies have already felt the pressure.

Bitcoin recently traded near $60,000, down sharply from its October peak, while crypto ETF outflows have accelerated in recent months. The trend has raised questions about which ETF segments could lose assets and which could emerge as beneficiaries of the SpaceX frenzy.

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Cipher Digital Inc. (NASDAQ:CIFR) stock is under heavy pressure Wednesday as investors react to the company’s newly priced $810 million debt offering and a broader sell-off across technology and cryptocurrency-linked stocks.

Debt Financing Weighs On Sentiment

Cipher Digital announced that its wholly-owned subsidiary, Stingray Compute LLC, priced a $810 million offering of 6% senior secured notes due 2031.

According to the announcement, the notes are priced at 99.750% of their principal amount in a private placement expected to close on June 15.

Cipher disclosed that it will provide a customary completion guarantee with respect to the Stingray Facility, under which it will fund the Issuer as necessary to ensure the timely completion of the Stingray Facility.

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When it comes to cryptocurrency buzz, stablecoins are the new Bitcoins. No one is going to get rich off them. But just like Bitcoin (CRYPTO: BTC) holders, stablecoin holders can also lose their shirt as exploit trends are on the rise, a new report by CertiK shows.

According to the report, “a number of important exploit trends have emerged around stablecoin infrastructure over the last 18–24 months.” CertiK highlights blockchain bridges, interoperability protocols, custody systems, and fintech payment systems. “As stablecoins evolve into core settlement infrastructure rather than simply trading assets, attackers have increasingly shifted their focus toward the operational and infrastructural layers surrounding them,” report authors wrote. 

So far this year, bridge incidents among two separate blockchains are estimated to be at least $328 million stolen. The Kelp DAO wallet breach was the biggest, accounting for $291.3 million in April.  Drift Protocol (CRYPTO: DRIFT) came in second on April 1, getting soaked for $285 million.

Beyond the DeFi protocols, custody and infrastructure systems are in the crosshairs now. What’s safe? 

From Wallet Theft to Breached Infrastructure Walls

Attackers are now going after weaknesses in stablecoin custody and treasury infrastructure rather than attacking the DeFi protocols directly, according to the CertiK report, released June 5. 

From the report:

Institutional adoption of stablecoins has led to the growth of programmable treasury systems, custodial platforms, fiat on- and off-ramps, and automated settlement infrastructure that has become a new attack vector. These systems have introduced more centralized risks, and have led to compromised private keys and insider threats; API vulnerabilities and cloud infrastructure misconfigurations; and an overall weakness in access-control systems that make for easier exploits.

“As stablecoin infrastructure becomes more integrated with traditional financial systems, attackers are increasingly targeting operational security failures alongside on-chain vulnerabilities,” report authors wrote. Networks heavily used for remittances and stablecoin transfers have become the …

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Strategy Inc.’s (NASDAQ:MSTR) sale of 32 Bitcoin (CRYPTO: BTC) was immaterial in size but not in signal, according to market-making firm Wintermute.

Why The 32 BTC Sale Mattered More Than The Number Suggests

Wintermute’s weekly market update laid out the sequence clearly.

Bitcoin’s bid had already thinned for weeks, retail was selling crypto to chase equities, and US institutions had quietly turned bearish.

The Saylor disclosure simply removed the last reason for bulls to hold on.

“32 BTC is immaterial. Saylor selling for the first time in four years, into a market already bleeding flows, is not,” Wintermute wrote. 

The firm noted Strategy had been an overhang for a month and the sale effectively forced a reckoning that the market needed to work through …

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Bitcoin’s (CRYPTO: BTC) brief decline below $60,000 may feel painful for investors, but Anthony Pompliano says the current downturn is shaping up to be one of the healthiest bear markets in the asset’s history.

‘One Of The Best Bear Markets’

Speaking on CNBC Squawk Box on June 10, Pompliano said Bitcoin’s recent weakness continues to align with the four-year market cycle that has historically defined the cryptocurrency’s boom-and-bust periods.

BTC prices have seen a 23% drop over the past 30-day trading and more than 50% plunge from its October 2025 peak. This leads some investors to question whether the cycle framework remains intact.

Pompliano argues the opposite. “I think more and more people are convinced …

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Cardano (CRYPTO: ADA) founder Charles Hoskinson returned Tuesday with an hour-long video, arguing Cardano is the only blockchain that can solve the global trust crisis and will eventually surpass Bitcoin (CRYPTO: BTC).

Hoskinson Says Cardano Solved What Bitcoin And Ethereum Could Not

Hoskinson’s core argument centers on what he calls verifiable reflexivity, the ability for any transaction to carry its own proof of correctness without relying on trusted third parties. 

He argued Bitcoin handles only payments and cannot embed smart contracts or zero knowledge proofs at scale, while Ethereum (CRYPTO: ETH) lacks the accounting model …

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Ripple launched an AI agent payment toolkit for the XRP Ledger on Wednesday as XRP (CRYPTO: XRP) ETFs pulled $7.44 million in net inflows on June 9.

Why Ripple Is Building Payment Rails For AI Agents On XRPL

The toolkit gives developers infrastructure to build agentic payment applications that settle transactions without manual approval loops, supporting x402-powered payments using both XRP and Ripple USD (CRYPTO: RLUSD), an open internet-native standard built around HTTP.

“AI agents are no longer a future state,” Ripple said. “They’re already paying for compute, settling invoices, navigating policy constraints, and completing transactions without a human in the loop.” 

Ripple argued most existing payment rails were designed for humans to initiate and approve transactions, leaving autonomous systems without the speed and predictability they need.

The race to build agentic payment infrastructure is already underway. Robinhood …

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The White House certainly set a July 4, 2026 target for the Digital Asset Market Clarity Act. I think this deadline remains purely aspirational. The political calendar simply does not support such an aggressive timeline. A late-summer or early-autumn passage makes far more sense.

The most glaring obstacle blocking a July 4 victory lap involves a severely shrinking Senate calendar. Lawmakers face a massive bottleneck regarding floor time before they leave for their August recess. The Senate already burned through crucial days reauthorizing Section 702 of the Foreign Intelligence Surveillance Act after a failed procedural vote on June 5. Members must now dedicate significant floor hours to debating military authorization concerning Iran and resolving Department of Homeland Security funding standoffs. Furthermore, a heavy backlog of official presidential nominations demands immediate attention. Legislative leaders simply cannot squeeze a complex market structure bill into this packed schedule.

Beyond the calendar crunch, the legislation faces a mandatory structural unification process that takes considerable time. The Senate Banking Committee passed its version of the bill on May 14 by a vote of 15 to 9. Meanwhile, the Senate Agriculture Committee approved its companion version back in January. Now, staff from both committees must merge these separate drafts into a single, cohesive document. This reconciliation process inherently demands weeks of intense back-and-forth negotiation. Merging jurisdictional boundaries between banking and agriculture committees always triggers fierce debates over oversight authority. Staffers need time to iron out these jurisdictional disputes before leadership can even schedule a full floor vote.

Even after the committees finalize a unified text, the bill must survive the notorious 60-vote filibuster threshold. This mathematical reality forces lawmakers to secure support from at least 7 Democrats. While the legislation cleared the Banking Committee with a bipartisan showing, that fragile coalition could easily fracture on the Senate floor. Key crossover Democrats have already signaled their conditional support. Senator …

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Bitcoin (CRYPTO: BTC) ETF net assets fell to $77.58 billion on Tuesday, the lowest level since the last presidential election, notwithstanding the most crypto-friendly regulatory environment in US history.

Every Post-Election Gain Is Gone Despite The Best Regulatory Climate Ever

Total net assets across all 11 US spot Bitcoin ETFs peaked at $169.54 billion in October 2025 and have since lost more than half that value. 

Cumulative net inflows since inception peaked at $62.77 billion in October 2025 and have since declined by nearly $9 billion to $53.77 billion, the lowest level since August last year.

The regulatory backdrop makes the exodus harder to explain on policy grounds alone. The SEC dropped multiple high-profile enforcement actions, the US established a Strategic Bitcoin Reserve, and the CLARITY Act is advancing through Congress. 

None of …

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Bitcoin’s (CRYPTO: BTC) plunge around $61,000 has pushed on-chain valuation metrics into undervalued territory, though the asset remains more expensive than at prior cycle bottoms.

“Is BTC Cheap Yet?“

Zach Pandl, head of research at Grayscale wrote on June 9 that a range of on-chain indicators suggests Bitcoin is trading below its long-term fair value after falling to a new cycle low.

A composite valuation model combining three separate on-chain measures indicates Bitcoin is now undervalued relative to historical averages.

However, the signal is not as extreme as levels seen during major market capitulation events, including the collapse of crypto exchange …

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Spot XRP (CRYPTO: XRP) ETFs have attracted more than $1.4 billion in cumulative inflows since launching in late 2025, yet XRP plunged 52% over the past year.

Investors are now wondering why institutional adoption hasn’t translated into higher prices.

Why ETFs Have Not Moved The Price

In an X post on June 1, crypto.news noted that XRP became one of the fastest-growing single-asset crypto ETF categories in history, trailing only Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Despite the strong launch, ETF holdings still represent only about 1.3% of XRP’s circulating supply. For an asset with a market capitalization measured in billions of dollars, that level of ownership …

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SkyBridge Capital founder Anthony Scaramucci said on Tuesday that Bitcoin (CRYPTO: BTC) appears to be following its typical four-year cycle and may be nearing a bottom.

Scaramucci Thinks 4-Year Cycle Is Playing Out

During a conversation with Galaxy Digital CEO Mike Novogratz, Scaramucci said that he remains a “long-term believer” in Bitcoin and believes the asset is following its four-year cycle of accumulation, a bull run and a subsequent bear market.

Scaramucci described the situation as a “self-fulfilling prophecy,” where traders take the cue and start selling to match the expectations.

“So, if the four-year cycle theory holds, Bitcoin doesn’t recover until the early part of the fourth quarter of 2026, possibly into the first quarter of 2027,” he added.

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Bitcoin (CRYPTO: BTC) is reeling from a correction that analysts dub an “irrational” sell-off. As the flagship cryptocurrency briefly plunged below $60,000, new data reveals that five major spot Bitcoin ETFs are bearing the brunt of the damage, plummeting into the bottom ten percent in key momentum metrics.

The Edge Ranking Collapse

According to Benzinga Edge Stock Rankings, momentum scores for five prominent Bitcoin ETFs—Bitwise Bitcoin ETF (NYSE:BITB), Coinshares Bitcoin ETF (NASDAQ:BRRR), Grayscale Bitcoin Mini Trust ETF (NYSE:BTC), VanEck Bitcoin ETF (BATS:HODL), and iShares Bitcoin Trust ETF (NASDAQ:IBIT)—have suffered a severe contraction.

The momentum score, which measures a stock’s relative strength based on price movement patterns and volatility, collapsed from 10.43 to 6.32 for all five funds.

This steep decline squarely places these ETFs in the bottom 10% of the market. Furthermore, all five funds are exhibiting negative price trends across short, medium, and long-term horizons, signaling intense and sustained downward pressure.

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Dogecoin (CRYPTO: DOGE) might be struggling, but large investors are seizing the moment to load up on the memecoin at a discount.

Whales May Be On To Something

Widely followed cryptocurrency analyst Ali Martinez highlighted in an X post that whales accumulated over 200 million DOGE tokens over the last week. At the prevailing prices, this amounted to $16.80 million.

The buying occurred as the price tested a major multi-year support level around $0.081, a zone with significant historical concentration of DOGE tokens.

Notably, Grayscale Dogecoin Trust ETF (NYSE:GDOG), 21Shares Dogecoin ETF (NASDAQ:TDOG), …

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Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao urged the cryptocurrency community on Monday not to “panic” over Bitcoin’s (CRYPTO: BTC) ongoing downturn, voicing confidence that the leading cryptocurrency will bounce back.

CZ Remains Bullish

In an X post, CZ noted that the current wave of fear, uncertainty, and doubt is temporary, even as “Bitcoin is dead” headlines proliferate and search interest surges.

Search interest for the term shot to its all-time high of 100 in February and has climbed back up strongly during the recent downturn, according to data from Google Trends.

But CZ reassured cryptocurrency supporters, saying, “Bitcoin won’t be ‘dead’ for too long. Don’t panic, in large friendly letters.”

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Bitcoin (CRYPTO: BTC) trades below $61,000 on Wednesday morning, with the final bottom expected to arrive sometime between July and October, according to a prominent analyst.

“BTC Roadmap Continues To Play Out Spot-On”

In a June 9 market update, crypto analyst Kevin pointed to several calls that he believes played out as expected:

  • A January countertrend rally.
  • A short opportunity near $97,000 after key moving averages were lost.
  • A spring relief rally and the current phase of summer weakness.

“The Bitcoin roadmap continues to play out spot-on,” he said.

He believes the market is now entering the final stage of the cycle, where the true bear market low is expected to form.

BTC prices are struggling to hold …

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Sen. Elizabeth Warren (D-Mass.) called for legislation on Tuesday to address what she described as a conflict of interest arising from President Donald Trump and his family’s cryptocurrency ventures.

Warren Wants Ethics Guardrails

Warren cited a Reuters report on X, estimating that the first family has earned approximately $2.3 billion from cryptocurrency-related activities since Trump’s return to the White House.

“Any crypto legislation needs to stop the massive conflict of interests posed by Donald Trump and his family’s crypto ventures,” Warren said.

Adam Kinzinger, a former Republican congressman and a Trump critic, quoted the report with the caption, “Corrupt animals.”

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Strategy Inc. (NASDAQ:MSTR) may not be having the best of times, but cryptocurrency punters still view the prospect of the Bitcoin (CRYPTO: BTC) hoarding giant going bankrupt as unlikely.

Is Strategy Safe?

Traders on Polygon (CRYPTO: POL)-based Polymarket assigned a 10% chance to Strategy declaring bankruptcy in 2026, down from 12% at the beginning of the year.

The bet has seen limited participation as of this writing, attracting slightly more than $162,000 in wagers.

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Leading cryptocurrencies fell alongside major stock indexes on Tuesday amid a big escalation in the Middle East conflict.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m. EDT)
Bitcoin (CRYPTO: BTC) -1.68% $61,757.98
Ethereum (CRYPTO: ETH)
               		 -1.83% $1,641.98
XRP (CRYPTO: XRP)                          -1.71% $1.13
Solana (CRYPTO: SOL)                          -0.96% $65.08
Dogecoin (CRYPTO: DOGE)              -0.15% $0.08487

Crypto Market On Edge

Bitcoin revisited the $60,000 floor but recovered overnight, as trading activity climbed 12% in the past 24 hours. Ethereum pulled back to the $1,600 region, while XRP and Dogecoin remained bearish.

Cryptocurrency-related stocks plunged, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 8% and 3.86%, respectively. 

Over $420 million was liquidated from the market in the last 24 hours, with $324 million in long positions alone wiped out, according to Coinglass data.

Bitcoin’s open interest rose 1.23% in the last 24 hours. A rise in open interest alongside a sliding price typically indicates that new traders are aggressively selling or shorting the asset, expecting the price to fall further.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:25 p.m. EDT)
Bitway (BTW)       +93.78%     $0.1144
Humanity (H)                    +96.30%     $0.1923
Stargate Finance (STG)               +40.89%     $0.3704

The global cryptocurrency market capitalization stood …

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Lekker Capital’s Quinn Thompson advocates avoiding crypto for the summer and return in late Q3, citing record IPO supply, waning liquidity, and unresolved problems at Strategy (NASDAQ:MSTR) and Bitmine (NASDAQ:BMNR).

Three Headwinds Making Summer Crypto Dangerous Right Now

Thompson’s bearish case rests on three overlapping pressures hitting simultaneously.

SpaceX, Anthropic, and OpenAI are collectively bringing more than $3 trillion in new IPO supply to market, competing directly with existing tech names for capital. 

The Mag7 stocks that historically lead bull markets are lagging while the rest of the Nasdaq carries the index, a pattern Thompson describes as classic late-cycle behavior. 

Meanwhile, STRC is approaching one of its worst drawdowns since launch, and Thompson expects Strategy to raise its dividend by 50 basis points rather than the …

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Dogecoin (CRYPTO: DOGE) is down 13% over the past week and 88% below its all-time high, as the Elon Musk correlation that drove the coin for years has completely broken down.

The Musk Trade Stopped Working And The Catalyst That Replaced It Fizzled

For years, a single Musk post could send DOGE surging double digits. That relationship no longer holds. When Musk reposted an AI-generated video referencing Dogecoin on X in March, the coin barely moved.

The federal Department of Government Efficiency, the political catalyst that sent DOGE to a $61 billion market cap in November 2024, was terminated eight months ahead of schedule.

Moreover, Musk publicly distanced the agency from the coin, calling the similar names a coincidence and stating the government had no plans to use Dogecoin.

Over $47 billion in market cap has been erased since November 2024. The coin that once traded higher than …

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Bitcoin (CRYPTO: BTC) has long been the undisputed leader of the cryptocurrency market – but its grip is shifting. Bitcoin dominance, a key metric that tracks BTC’s share of the total crypto market capitalizations, has fallen from a peak of 95% in 2013 to 58.1% today – a structural decline that reflects the extraordinary growth of Ethereum (CRYPTO: ETH) and the broader altcoin ecosystem. This article breaks down what BTC dominance vs altcoin trends are telling us, what the numbers mean for the broader crypto market, and why Ethereum’s declining dominance deserves a closer look.

What Is Bitcoin Dominance?

Bitcoin dominance measures the percentage of the total cryptocurrency market capitalization that Bitcoin accounts for. When Bitcoin dominance is high, it means the majority of crypto capital is concentrated in BTC. When it falls, capital is rotating into Ethereum and altcoins – a shift that historically precedes what traders call “altcoin season.”

In the early days of cryptocurrency, Bitcoin dominated the crypto market from 2013 to 2016, with daily Bitcoin dominance averaging between 82.6% and 95% per year. During this nascent period, Bitcoin’s majority dominance of crypto reached a high of 99.1%. The total crypto market was essentially Bitcoin – altcoin dominance accounted for just a fraction of the remaining market.

As new assets launched and the ecosystem diversified, Bitcoin’s share began a long, structural decline. Starting near 100% in 2014, Bitcoin’s dominance dropped below 40% by 2017 as Ethereum’s launch and the ICO boom pulled capital toward altcoins.

By the end of 2017, Bitcoin dominance had fallen to just 42% – a 53.65% decline from 2016 levels – as the rise of …

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Strategy Inc. (NASDAQ:MSTR) is facing renewed criticism after economist Peter Schiff argued the company’s latest Bitcoin (CRYPTO: BTC) purchase destroyed shareholder value.

“Owning MSTR Is The Worst Way“

In an X post on June 9, Schiff sparked a debate over leverage, dilution and the sustainability of Michael Saylor’s Bitcoin accumulation strategy. He claimed Strategy is already sitting on a loss of more than $6 million from its recent purchase of 1,550 Bitcoin.

Over the past five days, MSTR is down over 8%.

According to Schiff, the acquisition not only lost value …

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Crypto traders still watch stablecoin supply like a buy signal. That reading is getting less reliable.

The shortcut was simple. If more USDT or USDC was sitting in the system, there was more cash waiting to move into BTC, ETH or other digital assets.

That shortcut is weaker now.

For trading liquidity, stablecoins still matter. But they are also used for payments, remittances, settlement and dollar access in markets where moving money through banks can be slow, costly or restricted.

That makes the signal harder to read.

A larger stablecoin market does not automatically mean more buying pressure for Bitcoin. The better question is where the coins are moving, who’s using them and whether they are getting closer to trading venues.

The market is no longer small enough to treat stablecoins as one clean crypto signal.

The Federal Reserve said stablecoin market capitalization grew by more than 50% since early 2025, reaching $317 billion as of April 6, 2026.

Citi has also raised its 2030 stablecoin issuance forecast to $1.9 trillion in its base case and $4 trillion in a bull case.

Stablecoin Supply Alone No Longer Tells the Story

Dinis Guarda, Cryptocurrency Expert, Champions Speakers Agency, says:

“Stablecoins are not moving closer to mainstream — they are already there.”

Investors need to absorb this part. Stablecoins are no longer just money parked on exchanges. They are becoming financial infrastructure.

For years, a rise in stablecoin supply often meant capital was sitting near the market and ready to rotate into crypto assets. Does that signal still has value? Yes, when coins are moving onto exchanges and spot volume follows.

However, the read is different if stablecoin growth is happening away from trading venues. It may reflect remittances, payment flows, business settlement, treasury use or demand for digital dollars. Those are useful adoption signals. They are not the same as near-term buying pressure.

The distinction matters for …

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Bitcoin fell below $62,000 amid a macro-driven risk-off move that pushed market sentiment deeper into extreme fear on Tuesday.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $61,677.13
Ethereum (CRYPTO: ETH) $1,642.68
Solana (CRYPTO: SOL) $64.79
XRP (CRYPTO: XRP) $1.13
Dogecoin (CRYPTO: DOGE) $0.08476
Shiba Inu (CRYPTO: SHIB) $0.054652

Notable Statistics:

  • Coinglass data shows 132,341 traders were liquidated in the past 24 hours for $449.76 million.       
  • SoSoValue data shows net outflows of $91.4 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $82.4 million.
  • In the past 24 hours, top losers include Humanity, siren and Venice Token.

Notable Developments:

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Bitcoin (CRYPTO: BTC) may spend the remainder of 2026 trading below its long-term fair value trend, according to crypto analyst Benjamin Cowen, who nevertheless remains optimistic about the industry’s long-term growth trajectory.

BTC Below “Fair Value” Trendline

In a podcast on June 8, Cowen revisited one of his longest-running valuation models and suggested an update could be coming later this year.

The analyst said his existing framework has successfully captured much of Bitcoin’s market behavior over the past several years, including the current cycle’s resemblance to the 2019-2020 period.

“Sort of the assessment that this whole cycle was kind of …

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The race for institutional capital in crypto is no longer just about Bitcoin (CRYPTO: BTC). As crypto ETFs (Exchange Trade Funds) continue to attract mainstream investment, two assets are emerging as the key battleground for institutional flows: Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL). The data tells a nuanced story – and it may surprise you. This article breaks down what the latest crypto institutional flows ETF data reveals about how institutions are positioning themselves between the Solana ETF and the Ethereum ETF.

Solana vs Ethereum: Understanding the Two Contenders

Solana

Launched in March 2020, Solana was built to solve one of crypto’s most persistent problems – speed and scalability. Designed to process thousands of transactions per second at minimal cost, it has grown into one of the largest blockchain ecosystems in the world. At the time of writing, Solana has a market capitalization of approximately $38 billion.

Ethereum

Ethereum launched in July 2015, founded by Vitalik Buterin and co-founders. It was the first blockchain to introduce smart contracts, opening the door to decentralized finance, NFTs, and the broader Web3 ecosystem. It remains the second-largest cryptocurrency by market capitalization, currently valued at approximately $195 billion, and continues to serve as the dominant base layer for decentralized applications globally.

The Rise of Crypto ETFs

Crypto ETFs were created to …

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The Bitcoin price has been one of the most closely watched stories in financial markets over the past eight months. After reaching a historic all-time high, Bitcoin (CRYPTO: BTC) has entered a deep correction that has wiped out more than half its value – and now sits at a technical level that traders and long-term investors watch more closely than almost any other. This article breaks down Bitcoin’s current price action, what the charts are saying, and what could follow next.

Bitcoin Price Action: A Deep Retracement

Bitcoin’s correction began in the third quarter of 2025, shortly after the cryptocurrency reached its all-time high of $126,000 on October 6, 2025. Since that peak, the Bitcoin price has fallen sharply – losing more than 50% of its value over approximately eight months. At its most recent low, Bitcoin touched $59,000 on June 4, 2026, before staging a partial recovery.

For context, this is not an unusual move in Bitcoin’s history. Previous cycles have seen corrections of 50-80% from peak to trough. What makes the current Bitcoin crash notable is where the price has landed – directly at a demand zone that was critical in launching the previous rally to all-time highs.

Technical Analysis: Where the Bitcoin Price Could Go from …

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Ethereum (CRYPTO: ETH) built its reputation as the backbone of decentralized finance – and for years, its fee revenue reflected that status. But Ethereum fee revenue has collapsed dramatically over the past two years, raising serious questions about the network’s long-term value proposition and what the Ethereum future projection looks like for investors. This article breaks down what Ethereum fee revenue is, why it collapsed, and what it means for ETH going forward.

What Is Ethereum Fee Revenue?

Every transaction on the Ethereum network requires a fee – known as gas – paid in ETH. These fees compensate validators who process and secure transactions, and a portion is permanently burned through EIP-1559, reducing the total supply of ETH over time. When network activity is high, fees rise, more ETH is burned, and the deflationary pressure supports ETH’s value. When activity falls, the reverse happens.

At its peak in 2021, Ethereum generated over $1 billion in monthly fee revenue as DeFi, NFTs, and token launches drove unprecedented on-chain activity. Daily gas fee revenue regularly exceeded $30 million. Validators earned substantial rewards, and ETH burns were significant enough to make the asset deflationary during periods of high demand.

The Collapse

Ethereum fee revenue has fallen sharply from those peaks – and two structural factors explain most of the decline.

Layer 2 Network Activity

The Dencun upgrade in early 2024 dramatically reduced the cost of Layer 2 transactions by introducing a new …

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XRP (CRYPTO: XRP) could be nearing one of its most important technical levels in nearly a decade, according to a prominent market commentator.

“Largest Buying Zone“

In an X post on June 9, crypto analyst Ali Martinez said XRP is approaching what could be its largest buying opportunity in the last eight years.

According to Martinez, every major touch of a long-term ascending trendline since 2017 has marked a significant turning point for the asset, often leading to rallies back toward the $3 region.

XRP is now approaching that support zone again, with …

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A Reuters investigation found the Trump family generated at least $2.3 billion from four crypto ventures since returning to the White House, while more than a million investors lost the same amount on the other side of those trades.

Same Playbook Across Four Ventures: Trumps Risk Nothing, Investors Lose Big

Reuters examined World Liberty Financial (CRYPTO: WLFI), the TRUMP (CRYPTO: TRUMP) meme coin, American Bitcoin (NASDAQ:ABTC), and AI Financial Corp (NASDAQ:AIFC), formerly ALT5 Sigma. 

In each case, the Trumps licensed the family name rather than investing their own capital, promoted the ventures through social media and public appearances, and collected revenue as investors piled in. 

When prices collapsed, the family remained in profit while buyers absorbed the losses.

World Liberty Financial generated the most, funneling more than $1.4 billion in governance token sales to the Trump family through a revenue …

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Fundstrat co-founder Tom Lee on Monday pushed back against growing concerns over market weakness, arguing that cryptocurrencies remain in healthy long-term uptrends despite recent volatility.

Why Crypto Is Underperforming

Speaking on CNBC’s Power Lunch, Lee acknowledged that cryptocurrency investors have been disappointed this year as digital assets largely failed to participate in the enthusiasm surrounding AI-related stocks.

Over the past year, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP) slumped more than 40%.

Despite the underperformance, Lee said “Crypto is a downstream story of AI.”  

He explained that increasingly powerful AI systems will require blockchain-based verification and …

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Ethereum (CRYPTO: ETH) recently printed its lowest daily relative strength index ever recorded at 17.4, a reading analyst Michaël van de Poppe called a “historic opportunity.”

ETH Down 68% In 10 Months With $1,500 As The Line In The Sand

Ethereum peaked at $4,953 in August 2025 and traded as low as $1,593 over the weekend, a 68% crash in 10 months. 

Analyst Ash Crypto pointed out that the only comparable setup in ETH’s history was June 2022, when ETH broke through every support level and crashed to $880 before bottoming.

That bottom produced a 5x return over the following 18 months for anyone who bought it.

“ETH has only done this once before in its entire history,” Ash Crypto wrote on X. “Back in June 2022, same …

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Bitcoin’s (CRYPTO: BTC) current downturn resembles previous mid-cycle bear markets, but failure to recover by the end of 2026 could signal something more serious.

“Classic Mid-Cycle” For Bitcoin’s Bear Market

Speaking in a CNBC Market Alert interview on June 8, Lucy Gazmararian, Founder and Managing Partner of Token Bay Capital, said Bitcoin’s weakness remains consistent with historical market cycles despite growing concerns surrounding Strategy Inc. (NASDAQ:MSTR) and broader crypto market sentiment.

“I think where we are is sort of classic mid-cycle,” she said, describing the current environment as a typical phase of a bear market cycle that arguably began in October 2025.

Over the past month, BTC prices witnessed a plunge of 23% while MSTR declined 35%.

While headlines surrounding Michael Saylor and Strategy’s recent Bitcoin …

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Tools for Humanity, Sam Altman’s iris-scanning startup behind Worldcoin (CRYPTO: WLD), announced layoffs on Monday, framing cuts as a strategic reset ahead of a Tuesday town hall that will reveal the full scope of the reductions.

“As we enter the next step of our company strategy and operating priorities, we have made the hard decision to make changes to some roles and teams across the company,” an internal email read. 

The company employs more than 500 people with an unclear number of roles affected.

Tools for Humanity carries a $2.5 billion valuation backed by Andreessen Horowitz, Bain Capital, and Khosla Ventures. 

Despite millions of sign-ups, the company has struggled to show …

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Arthur Hayes on Tuesday laid out the case why Bitcoin (CRYPTO: BTC) cannot rally until the AI bubble pops, arguing that the latter absorbed liquidity that could have gone to cryptocurrencies. 

AI Borrowed Every Dollar That Was Created Since 2022

Hayes laid out the core math in his essay, saying that US M2 rose by $1.5 trillion between November 2022 and today.

Over the same period, AI companies issued roughly $1.5 trillion in debt to fund data center construction. 

The numbers match almost exactly, meaning AI absorbed every dollar of new liquidity before it could find its way into Bitcoin.

“Bitcoin never had a chance,” Hayes wrote. “The only reason Bitcoin rallied strongly off the November 2022 low is that the AI debt binge really kicked into gear starting in 2025.” 

Bitcoin peaked in October 2025 precisely …

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Martin Shkreli, also known as “Pharma Bro,” has escalated his stand against quantum computing firm IONQ Inc. (NYSE:IONQ), accusing the company of peddling exaggerated capabilities to crypto investors.

Responding to a prominent Bitcoin (CRYPTO: BTC) investor’s anecdote about a quantum firm’s impossible mining pitch, Shkreli bluntly declared, “They were lying.”

The ‘Trivial’ Bitcoin Pitch

The controversy ignited over a social media post from Mike Alfred, a value equity investor who sits on the board of Bitcoin mining company IREN Ltd. (NASDAQ:IREN).

Alfred shared that a major quantum company advised him to stop investing in crypto mining, claiming their technology made it “relatively trivial” to mine all remaining unmined Bitcoin in a mere 48 hours.

Shkreli explicitly named IONQ as the culprit behind the outlandish claim. “IONQ said this to a lot of people and they were lying,” Shkreli posted on X.

When a user expressed disappointment that he didn’t reiterate his usual call to short the stock, Shkreli casually responded, “I mean, yeah, of course.”

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Influential cryptocurrency analyst and trader Ali Martinez said on Monday that Bitcoin (CRYPTO: BTC) is nearing a bottom, marking the start of a major accumulation cycle.

Selling Pressure To Increase?

In an X thread, Martinez weighed in on the next possible moves of the apex cryptocurrency.

The analyst noted that Bitcoin’s latest crash to $59,000 has effectively flushed out overleveraged premiums across the board, with long-term holders selling over $3 billion in spot BTC.

Martinez said the distributed supply has temporarily pushed up exchange reserves, which is likely to increase short-term selling pressure.

BTC Levels To Watch Out For

Martinez further highlighted that after Bitcoin’s drop to $59,000, more than 10.46 million BTC …

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John D’Agostino, Head of Institutional Strategy at Coinbase Global Inc. (NASDAQ:COIN), said on Monday that institutional investors are happy at being able to purchase Bitcoin (CRYPTO: BTC) at a discount.

Whales Ready To Buy BTC Cheap?

During an interview with CNBC, D’Agostino said that investors, who have spent considerable time studying Bitcoin, are not dismayed by the cryptocurrency’s price dip.

“I can tell you that the family office is new in the UAE, and the government sovereign funds that are putting the effort into buying are not unhappy at being able to buy it at a discount,” said D’Agostino, who recently concluded a visit to the Middle East.

D’Agostino added that the infrastructure supporting Bitcoin and other cryptocurrencies is “shockingly stronger” currently than during previous bullish price periods, a factor that institutional investors weigh heavily.

“I’m seeing them [institutions] thinking about what the cheapest way is to buy an asset that they loved at $125,000, they liked at $100,000, and loved even more at $65,000,” the …

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Iranian Foreign Ministry spokesperson Esmaeil Baqaei used a famous quote from William Shakespeare’s play “Macbeth” on Monday to ridicule Treasury Secretary Scott Bessent’s claim about seizing $1 billion worth of Iran’s cryptocurrencies.

‘Dwarfish Thief’ In ‘Giant’s Robe’

Baqaei posted a video of Bessent from the Reagan National Economic Forum last month, where the Treasury Secretary said the U.S. had seized “about a billion dollars” in Iran’s digital assets.

“Just outright grabbed the wallets. Some of them may be typing in right now and might not realize that their wallet has been grabbed,” Bessent had said.

Baqaei then threw a shade with a quote from Shakespeare’s famous tragedy play that goes, “Now does he feel his title Hang loose about him, like a giant’s robe Upon a dwarfish thief.”

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Dogecoin’s (CRYPTO: DOGE) official X account invited replies on Monday about how the community is building and expanding utility for the ecosystem. The responses were pretty interesting.

What’s DOGE Community Upto?

The X handle noted that Shibes “have been quiet lately” and encouraged them to share exciting updates about what they’re building and how they’re integrating DOGE into their businesses.

A user named DMB Council announced their beta build of a marketplace for buying, selling, and trading Doginals, which are basically NFTs built on the Dogecoin blockchain.

Sus Market said they are working on a similar project.

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Cryptocurrency punters raised odds that OpenAI could debut with a market valuation above $1.5 trillion, following the AI giant’s confidential IPO filing.

OpenAI To Be Next Trillion-Dollar Giant?

Polygon (CRYPTO: POL)-based Polymarket assigned a 48% possibility that the Sam Altman-founded firm will close above $1.5 trillion on day one of trading. That’s up from 42% yesterday and 31% a week ago.

For context, only about ten companies in the world are valued at more than $1.5 trillion, including the “Mag 7” giants.

The probability of OpenAI reaching a valuation between $1.25 trillion and $1.5 trillion now stands at 14%, up 9 percentage points from the previous day. Over $1.7 million has been wagered on the bet.

OpenAI is currently valued at $852 billion, having raised …

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Leading cryptocurrencies dipped, while major stock indexes closed higher on Monday as investors pinned hopes on a lasting ceasefire in the Middle East.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:10 p.m. EDT)
Bitcoin (CRYPTO: BTC) -1.04% $62,642.55
Ethereum (CRYPTO: ETH)
               		 -1.74% $1,662.25
XRP (CRYPTO: XRP)                          -0.49% $1.15
Solana (CRYPTO: SOL)                          -1.37% $65.52
Dogecoin (CRYPTO: DOGE)              -1.37% $0.08489

Crypto Market Stagnates

Bitcoin wobbled in the area between $62,000 and $64,000, while trading volume dipped.  Ethereum briefly surged above $1,700 in the evening before pulling back to $1,660.

Cryptocurrency-related stocks rallied, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 5.61% and 5.97%, respectively. Strategy reported its first Bitcoin purchase since selling 32 BTC at $77,135 last week. 

Over $280 million was liquidated from the market in the last 24 hours, predominantly in long positions, according to Coinglass data, predominantly in short liquidations. 

Bitcoin’s open interest fell 0.56% in the last 24 hours. Interestingly, retail and whale derivatives traders on Binance were betting on BTC’s price increase, as shown by the significantly higher proportion of long positions compared to shorts.

“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 …

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President Donald Trump was once a cryptocurrency critic but had a change of heart ahead of Election Day 2024. Bitcoin (CRYPTO: BTC) and other digital assets enjoyed a massive surge in the weeks that followed.

A year and a half later, cryptocurrency is trading lower than it was when Trump won the 2024 election.

The Crypto President

In 2019, Trump spoke out about Bitcoin and cryptocurrency.

“I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump tweeted on July 11, 2019.

But a reversal of love for cryptocurrency saw Trump gain support from single-issue voters, who saw supporting a pro-crypto president as a key political move.

“If you like crypto in any form … if you’re in favor of crypto, you’d better vote for Trump,” Trump said to a crowd on May 8, 2024.

Trump praised Bitcoin throughout 2024 and even served as a keynote speaker at the Bitcoin 2024 Conference in July of that year. His campaign was also the first to accept cryptocurrency for donations.

Trump’s victory ultimately helped Bitcoin soar in value; it hit a high of …

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Zooko Wilcox-O’Hearn recently disclosed on X that a vulnerability had existed on Zcash since 2022. This flaw could have allowed counterfeit ZCash (CRYPTO: ZEC) through its Orchard shielded pool. He assured the public that the bug has been eliminated and it’s very unlikely that the loophole was exploited. These assurances fell on deaf ears as the market responded with panic selling.

​Following this news, $ZEC slumped by over 30%. As panic spread, the sell-off continued. The day’s loss hit around 50%. $ZEC dropped from this price to as low as $250. Key supporters of the privacy coin did not help matters as they cut their losses since ZCash cannot quantify the extent of the damage. How can the safety of this chain be proven when a bug went unnoticed for 4 years?

How The Bug Was Discovered

​ZCash engaged security researcher Taylor Hornby to run checks, and he discovered the issue on May 29. After his discovery, he replicated the vulnerability in a local environment and created ZEC tokens. He hit the jackpot. This test confirmed a vulnerable path to increase supply in the secret pool. Now, observers are rife with questions. Did forged ZEC tokens ever make it into the privacy pool? Can ZCash prove that counterfeit $ZEC has never appeared in the pool? These possibilities are difficult to disprove, hence the domino effect.

​The affected upgrade Orchard , a privacy-shielded pool, relies on zero-knowledge proofs. It was built to preserve assets in transactions. ZK proofs compel users to meet the conditions for minting without disclosing underlying data. The network verifies this proof. If it is invalid, the mint is rejected. This protocol ensures that assets in the pool come from Verifiable sources and that $ZEC is not minted out of thin air. Orchard does all the transparency checks in the background while concealing transaction details.

​What Taylor Hornby found was a weak constraint. This loophole allows data that will otherwise be rejected to return a success after validation. If the system is deceived into believing a transaction is …

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Friday left marks. Not the kind that fade by Monday morning.

Bitcoin (CRYPTO: BTC) opened the new week trading around $63,310, up roughly 4% from where it had been gasping for air just two days earlier. The recovery sounds cleaner than it felt. What actually happened between Thursday and Sunday was one of the most disorderly stretches of crypto trading since the FTX implosion in late 2022, and a 4% Monday bounce does not quietly undo the kind of structural damage that $390 billion in erased market cap and nearly $7 billion in liquidated leverage leaves behind.

The low that Friday printed was $59,100. For a market that had spent weeks defending $60,000 as though the entire bull case depended on it, watching that level break and keep going was genuinely unsettling. Ethereum did not escape either, touching ground near $1,505 that it had not visited since early 2023. Most of the major altcoins moved in the same direction with roughly the same speed. When the floor gives way in crypto, it tends to give way everywhere at once.

The Week That Broke the $60,000 Floor

Understanding Monday’s bounce requires understanding what caused Thursday through Saturday in the first place, because the selling did not arrive from nowhere.

Two data points hit the market in sequence and neither of them was forgiving. First came May inflation numbers that ran warmer than analysts had penciled in, quietly killing whatever remaining hope existed that the Federal Reserve might signal rate relief before year-end. Then the May jobs report showed up and made the inflation problem look almost secondary. The economy generated 172,000 new jobs in May against a consensus forecast sitting around 85,000. The unemployment rate stayed at 4.3%. A labor market printing numbers like that does not give …

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Real Vision founder Raoul Pal argues that Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and Sui (CRYPTO: SUI) are the three blockchains that will dominate the next decade, with everything else becoming either a specialist or irrelevant.

Why Layer Ones Beat Everything Else Over The Long Term

Pal’s core argument is that layer one blockchains are the infrastructure layer of the global digital economy, and infrastructure concentrates into three to five dominant players just like operating systems, cloud computing, and every major network before them. 

Unlike Bitcoin (CRYPTO: BTC), which has one job as a global savings asset, smart contract layer ones can scale infinitely as more economic activity moves on-chain.

“If you were to pull the plug on …

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Bitcoin’s plunge below the key $60,000 level last week created winners in leveraged inverse ETFs betting against some of the crypto market’s most closely watched stocks.

The T-Rex 2X Inverse CRCL Daily Target ETF (BATS:CRCD) surged roughly 82% last week, while the T-Rex 2X Inverse MSTR Daily Target ETF (BATS:MSTZ) gained more than 63%, as investors rushed to hedge against mounting pressure on crypto-related equities.

The rally in bearish ETFs coincided with one of Bitcoin’s sharpest declines this year. The world’s largest cryptocurrency fell about 18% last week and briefly dropped to $59,101 on Friday, marking its first move below $60,000 since late 2024.

Strategy’s Weakness Boosts MSTZ

The selloff reverberated across crypto-linked stocks, particularly Strategy Inc (NASDAQ:MSTR), the company widely viewed as a leveraged Bitcoin proxy.

Strategy came under pressure after disclosing a small Bitcoin sale, its first since 2022. The announcement raised concerns about the durability of the company’s long-standing buy-and-hold strategy and added to fears surrounding corporate Bitcoin treasury models.

Those concerns …

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Bitcoin is rebounding off the back of a relief rally after hitting some of its most oversold levels ever.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,446.58
Ethereum (CRYPTO: ETH) $1,683.20
Solana (CRYPTO: SOL) $67.23
XRP (CRYPTO: XRP) $1.17
Dogecoin (CRYPTO: DOGE) $0.08665
Shiba Inu (CRYPTO: SHIB) $0.054762

Notable Statistics:

  • Coinglass data shows 102,093 traders were liquidated in the past 24 hours for $608.09 million.       
  • SoSoValue data shows net outflows of $325.7 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $4.8 million.
  • In the past 24 hours, top gainers include Audiera, DeXe and Lighter.

Notable Developments:

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Bitcoin (CRYPTO: BTC) bounced above $63,000 on Monday, yet the bottom may take a while to form, according to a prominent technical analyst.

“BTC Has Entered Stage Three“

In a podcast on June 7, crypto analyst Benjamin Cowen argued that investor psychology is now approaching the point historically associated with major bottoms.

He outlined a three-stage bear market framework based on sentiment shifts rather than traditional technical indicators.

Cowen said the first phase began after Bitcoin’s October 2025 peak, when only a small group of investors believed a bear market had started.

The second …

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Strategy Inc. (NASDAQ:MSTR) added 1,550 Bitcoin (CRYPTO: BTC) worth approximately $101 million last week, but critic Peter Schiff is not impressed.

“Damage Control”

Schiff argued that the transaction highlighted a growing problem for Strategy’s capital allocation model.

In an X post on June 8, Schiff called the purchase “damage control, while also increasing its U.S. dollar reserves by $100 million.”

He claimed that if Strategy sold common stock below the level required to make …

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Hyperliquid Strategies Inc. (NASDAQ:PURR) stock surged Monday as a sharp rally in the Hyperliquid ecosystem boosted demand for one of the few publicly traded stocks offering investors indirect exposure to the HYPE token.

The rally comes as the broader cryptocurrency market rebounds and investors position for multiple potential catalysts, including a possible gamma squeeze and the company’s upcoming addition to the Russell 2000 and Russell 3000 indexes.

The Nasdaq gained 2.30%, while the S&P 500 advanced 0.84%.

Public-Market Proxy For HYPE

The stock’s momentum is closely tied to Hyperliquid Strategies’ role as a corporate treasury vehicle for the Hyperliquid ecosystem. As interest in HYPE accelerates, investors seeking regulated equity exposure have increasingly turned to PURR.

Gamma Squeeze Narrative Builds

Last week, financial research newsletter Capital Flows identified PURR as a leading candidate …

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Galaxy Digital Inc. (NASDAQ:GLXY) shares are ripping higher on Monday. The sudden breakout follows a massive institutional announcement alongside a broader relief rally across the digital asset market.

Galaxy is building what is expected to be the largest single-campus data center in America. The Nasdaq is up 1.99% while the S&P 500 has gained 0.77%.

Speaking on All Things Markets with Anthony Scaramucci, Galaxy Digital Founder and CEO Michael Novogratz said the company expects to have the entire 1.6 GW campus leased by July 4, or by the end of the summer at the latest.

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Micron Rallies, Nasdaq 100 Rebounds As Trump Calls For Immediate Iran-Israel Ceasefire

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Sam Bankman-Fried officially filed for a presidential pardon Monday, even as the White House pointed back to Trump’s January statement that he has no plans to grant one.

SBF Spent A Year Courting Trump On X And Got Nothing Back

Bankman-Fried submitted his application through the Justice Department’s Office of the Pardon Attorney, the standard federal channel used by thousands of people annually. 

Over the past year, the 34-year-old has been active on X, publicly praising Trump’s actions including the pardon of former Honduran President Juan Orlando Hernández, in what appeared to be a deliberate effort to attract executive attention.

The strategy has not worked. Trump told the New York Times in January he had no plans to pardon Bankman-Fried. 

When asked Monday about the formal filing, a White House spokesperson simply …

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Dogecoin (CRYPTO: DOGE) is trading near a critical long-term support zone, with whale accumulation and on-chain data pointing to a potential inflection point for the meme coin.

DOGE Testing Key Level

Crypto chart analyst Ali Martinez said on June 8 that DOGE is testing the $0.081 level, a key area that aligns with the lower mid-range boundary of a multi-year parallel channel that has guided price action since 2021.

According to on-chain data, more than 30 billion DOGE last changed hands near this price …

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SpaceX will launch at a $1.8 trillion valuation on Nasdaq on Thursday, yet traders on Hyperliquid are pricing the company as high as $2.15 trillion in pre-IPO perpetual contracts.

85% Of Hyperliquid Traders Are Long But 78% Are Currently Losing

Of the 4,528 traders holding open positions on Hyperliquid’s SpaceX contract, 3,865 are long and 663 are short, an 85 to 15 ratio. 

Despite that bullish lean, 78% of all position holders are currently underwater, with only 1,001 of 4,528 traders in profit. More than $450 million in notional volume has traded across 917,000 trades in just three weeks.

The biggest short positions belong to institutional names. Cumberland sits second with a $3.1 million short, with three other large shorts ranging from $2.5 million to $4.5 million. 

Pre-IPO perpetual volume on Hyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR), …

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Strategy Inc. (NASDAQ:MSTR) bought 1,550 Bitcoin (CRYPTO: BTC) for $101 million at an average price of $65,332, its first purchase since selling 32 coins at $77,135 last week.

Strategy Bought Below Its Own Average Cost For The First Time

The 1,550 Bitcoin purchase brings total holdings to 845,256 BTC acquired for just under $64 billion at an average of $75,680 per coin. 

The latest buy came in $10,000 below that average, meaning Strategy lowered its cost basis for the first time since beginning its accumulation strategy.

To fund the purchase and rebuild its cash position simultaneously, Strategy issued $181 million of common stock. 

The company also increased its USD reserve by $100 million, bringing total cash reserves to $1 billion, directly addressing the liquidity concerns Peter Schiff and others raised after the reserve dipped to $871 …

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Zcash (CRYPTO: ZEC) has bounced 45% from last week’s $300 low to $437 after developers proposed an upgrade to fix the counterfeiting bug, while XRP (CRYPTO: XRP) attempts a fragile recovery after falling nearly 19% last week.

Ironwood Proposal Would Let Anyone Verify Zcash Supply Is Clean

Developers from Shielded Labs, the Zcash Foundation, and the Zcash Open Development Lab proposed creating a new privacy pool using repaired code.

Once active, anyone running Zcash software can add up balances across pools and confirm no more than the correct amount of ZEC exists.

The proposal also examines whether anyone ever exploited the bug.

Shielded Labs maintains that attackers were unlikely to …

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Bitmine Immersion (NYSE:BMNR) made its largest weekly Ethereum (CRYPTO: ETH) purchase of 2026, buying 126,971 ETH worth roughly $214 million as prices tanked, reversing its earlier stance to slow accumulation.

Biggest Weekly ETH Purchase Of 2026 Despite Earlier Slowdown Call

The 126,971 ETH acquisition triples the prior week’s 26,497 ETH purchase and brings total holdings to 5.54 million ETH, representing 4.59% of Ethereum’s total supply. 

The company now sits 92% of the way toward its stated goal of owning 5% of ETH’s circulating supply, which Chairman Tom Lee said the company expects to reach later this year.

“We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals,” Lee stated. 

“This is not surprising given we are in the early stages of crypto spring,” he added.

Total holdings including cash and investment stakes reach $9.6 billion. Beyond ETH, Bitmine holds …

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XRP (CRYPTO: XRP) is approaching a critical weekly support zone as one analyst warns that the cryptocurrency could “trick everyone” before its next major move.

“Bears Are In Control”

In a podcast on June 7, Mango Research, who earlier turned bearish on XRP, said the token was one of the first assets to signal weakness before the broader market selloff hit cryptocurrencies and equities alike.

The analyst admitted ignoring a bearish signal from her trading dashboard because she expected Bitcoin (CRYPTO: BTC) to continue higher, a decision she now calls a lesson in avoiding market bias.

Instead …

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Bitcoin (CRYPTO: BTC) and other cryptocurrencies are entering the “single biggest macro investment opportunity of all time,” says industry expert Dan Tapiero, who expects the digital asset industry to further integrate with traditional finance.

Bitcoin Is Core Store-Of-Value Asset

Speaking on June 7 on Scott Melker’s podcast, Tapiero said that stablecoins, tokenized assets and AI agents are pushing finance on chain faster than most investors realize.

He said these are no longer theory but instead they are becoming the rails for payments, trading and autonomous AI transactions.

“We think that they’re going to be thousands of trillions, not tens or hundreds, thousands of trillions of transactions within the next five to 10 years done by autonomous agents,” Tapiero said.

Tapiero argued that AI agents will not use wire transfers. They …

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Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor hinted on Saturday that the firm could disclose fresh Bitcoin (CRYPTO: BTC) purchases in the week ahead, days after its reported sale of BTC roiled the cryptocurrency market.

Will Saylor Buy The Dip?

Saylor posted the customary accumulation chart on X, using orange circles or “dots” to pinpoint Strategy’s Bitcoin purchases.

“A good time to add more dots,” Saylor wrote, suggesting the company could buy more Bitcoin. Historically, these weekend posts have always preceded purchase disclosures on the coming Monday.

Quoting Saylor’s post, Strategy CEO Phong Le reaffirmed the company’s commitment to increasing net Bitcoin holdings and Bitcoin per share.

“Rumors otherwise are just rumors,” the CEO said.

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Gold’s reputation as the market’s ultimate safe haven is facing one of its toughest tests in recent times.

Since the beginning of June, the yellow metal is down by over 4.3%, hitting an intraday low of $4,268.9 per ounce on Monday. The decline is the aftermath of a stronger-than-expected U.S. nonfarm payrolls report that reignited expectations for higher interest rates.

Overall, it is a dramatic round trip for bullion, erasing the entire year’s gain. When the metal reached near $5,600 an ounce in January, it was up nearly 30%.

What makes the selloff remarkable is the broader context. The United States and Iran remain locked in conflict, the Strait of Hormuz remains disrupted, and U.S. inflation is running at 3.8%—conditions that would traditionally trigger a rush into defensive assets.

Instead, gold is behaving less like portfolio insurance and more like a risk asset. Rather than responding to geopolitical fear, precious metals are increasingly trading on monetary policy expectations and the rising cost of carry.

Yet, the breakdown extends beyond commodities. Bitcoin (CRYPTO: BTC/USD) has also experienced significant outflows. ProShares Bitcoin ETF (NYSE:BITO) is down 32.7% year-to-date, suggesting …

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Veteran Wall Street investor Jordi Visser emphasized in an interview aired Saturday the importance of Bitcoin (CRYPTO: BTC) in investment portfolios, irrespective of short-term price volatility.

Bitcoin Not A Bubble That’s About To Burst, Says Visser

During an interview with entrepreneur and investor Anthony Pompliano, Visser voiced his perspective on Bitcoin’s price fluctuations. He indicated that even if Bitcoin’s value drops much below the $60,000 mark, it doesn’t concern him.

“Let it start to base. Let it look like supply and demand have met a place where it’s positive and then let it break a long-term moving average,” said Visser, head of AI Macro Nexus Research at 22V Research.

He also dismissed the idea of Bitcoin being a “bubble” that’s about to burst, stating, “None of that’s true…I believe we’re at a rotation point that’s going to last for at least the next 3 to 6 months.”

Full story available on Benzinga.com

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