Market news
Crypto, stocks, forex and macro, aggregated for traders.
Crypto Roundup: Mega Liquidations, Zcash Vulnerability, Stablecoin Moves
Over $1.12 billion in crypto liquidations, a critical Zcash bug patched in June, Arthur Hayes dumping positions, and major banks planning a tokenized deposit network highlight the past 24 hours.
Zcash Founder Reveals Critical Orchard Pool Counterfeiting Vulnerability
Zcash founder Zooko disclosed a critical bug in the Orchard pool that could have allowed unlimited undetectable minting of ZEC. The vulnerability was discovered on May 29 and patched by June 2.
US House Committee to Introduce Crypto Tax Legislation on Friday
A key US House committee is preparing to drop crypto tax legislation as early as Friday, covering staking, mining rewards, and aiming to bring digital assets in line with traditional securities tax rules, according to Bloomberg.
Bitcoin Drops Below $62K, BitMine Plans $300M ETH Purchase, Hyperliquid Share at 6.63%
Bitcoin slid below $62,000, while BitMine announced plans to issue $300 million in shares to acquire Ethereum. Hyperliquid's share of the derivatives market reached 6.63%.
Bitmine CEO Tom Lee Predicts ETH Will Surge 50x to $250,000
Tom Lee, head of Bitmine, forecasts Ethereum will reach $250,000, a 50x increase from current levels, despite his firm's massive unrealized losses and ongoing share dilution.
Crypto roundup: Bitmine files preferred stock, DOJ freezes $3.8M, Standard Chartered sees BTC bottom
Bitmine filed for 3M shares of 9.5% preferred stock, DOJ froze $3.8M in crypto, and Standard Chartered says bitcoin's bottom is near. Other news: Arthur Hayes exits HYPE/NEAR, Coinbase launches pre-IPO perps, DDC adds 90 BTC, and first BTC-backed mortgage completed.
Hyperliquid Perpetual Futures Volume Share Hits Record 6.63% of CEX in May
Hyperliquid's share of perpetual futures trading volume on centralized exchanges rose to a record 6.63% in May, driven by the HIP-3 proposal, though dollar-denominated volume saw a slight month-on-month decline.
US CLARITY Act Vote Likely Before August Recess, Lummis and Bessent Say
Senator Cynthia Lummis indicated that a vote on the CLARITY Act is probable before the August congressional break, while Treasury Secretary Scott Bessent expects the bill to pass this summer.
BitMine Immersion Technologies Files $300M Preferred Share Offering to Buy ETH
BitMine Immersion Technologies has filed with the SEC to publicly offer 3 million Series A perpetual preferred shares at $100 par, targeting $300 million in proceeds. The funds will be used to purchase additional ETH and expand staking infrastructure.
Bitcoin plunges below $65K, hits $61K; $1.61B liquidated
Bitcoin dropped nearly 5% in 24 hours, briefly touching $61,000, with $1.61 billion in crypto liquidations. Ethereum traded around $1,800. The sell-off coincides with renewed US-Iran tensions.
Analysts: BTC Must Drop Below $53,800 Breakeven Level for Next Rally
According to Bogdanoff Market Research, the aggregate breakeven price for Bitcoin across all player cohorts is currently $53,800. They argue that a true market bottom typically forms only after price falls below this level, triggering mass liquidations and clearing the way for a sustained uptrend.
Adam Back Reaffirms $1M Bitcoin Target Amid Price Drop
Blockstream CEO Adam Back, referred to by the New York Times as the real Satoshi Nakamoto, urged investors not to panic over Bitcoin's decline during a Bloomberg TV interview, reiterating his confidence in a $1 million price target.
Bitcoin Selloff Accelerates, Drops Below $63,000 as $1.1B in Leveraged Positions Liquidated
Bitcoin has fallen below $63,000 for the first time since February 24, with over $1.1 billion in leveraged crypto positions liquidated in the past 24 hours.
Peter Schiff Warns U.S. Will Suffer Most When Crypto Bubble Bursts
Bitcoin critic Peter Schiff warned that the United States, having attracted more crypto capital than any other country, will face the biggest losses when the crypto bubble collapses.
Crypto Analyst MontanaAM Launches Bitcoin Educational Series
Analyst MontanaAM begins a five-part series on Bitcoin, covering market dynamics, the phenomenon of Bitcoin, technical analysis, valuation, and practical implications.
Bitcoin Global Bottom Near According to Power Law Theory
A popular Power Law model suggests Bitcoin is approaching its cycle bottom, with proponents arguing the asset behaves like a living organism rather than a traditional stock.
Crypto Roundup: HIVE Cuts BTC Holdings, TapTools Shuts, Bloomberg Warns of 'Coldest' Winter
HIVE Blockchain reduced its bitcoin reserves to 150 BTC. Cardano-based TapTools is shutting down. Bloomberg predicts the most severe crypto winter yet. Regulators from New York and the EU agreed on stablecoin oversight.
Ruble Stablecoin A7A5 Surpasses $110B On-Chain Volume Amid Sanctions
The Russian ruble-linked stablecoin A7A5 has processed over $110 billion on-chain despite Western sanctions. Its holder count more than doubled from 13,000 to 29,000 wallets between February 2025 and May 2026.
VTB Plans to Obtain Crypto Licenses After Russia’s Digital Currency Law Takes Effect
Russia's VTB bank intends to apply for crypto licenses from the central bank once the digital currency regulation law is enacted, according to board member Vitaliy Sergeychuk.
Bloomberg Odd Lords: Current Crypto Winter Will Be 'Coldest' Ever
Bloomberg Odd Lots podcast hosts Joe Weisenthal and Tracy Alloway say the digital asset industry is facing its worst downturn due to a systemic crisis of faith, not just falling prices. They warn this crypto winter will be the 'coldest' in history.
Russia's Finance Ministry Discusses Stablecoin Regulation Concept
Russia's Ministry of Finance is discussing a concept for regulating stablecoins, with more detailed legislation possible after the cryptocurrency bill is finalized, according to Ivan Chebeskov.
Binance discloses minority stake in Alpaca, holder of 94% tokenized stock custody market
Binance has revealed a minority stake in Alpaca, a custodian controlling roughly 94% of the market for tokenized US stocks and ETFs. Under the deal, Binance will receive 50% of Alpaca's order flow revenue.
Crypto Leaders Panel at Proof of Talk Event
Joe Bruzzesi (Raptor Digital), John Nahas (Ava Labs), Julien Clausse (BNP Paribas CIB), and Nenter Chow (BitMart) spoke at the Proof of Talk event, moderated by Cointelegraph CEO Yana Prikhodchenko.
Tether and Fasset to Launch First Gold-Backed Crypto Card
Tether is partnering with fintech firm Fasset to issue the world's first crypto card backed by physical gold, enabling users to spend digital gold in everyday transactions.