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CoinDesk

‘Dr. Doom’-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000

June 4, 2026 by kamal

Backed by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as ‘Dr. Doom,’ the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term.

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Hyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price target

June 4, 2026 by kamal

The crypto veteran blamed macro risks and AI mania for taking profits, drawing backlash from traders for selling well below his recent bullish forecasts.

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Crypto for Advisors: The crypto due diligence questions you forgot to ask

June 4, 2026 by kamal

As stablecoins, shifting regulation and AI-enabled infrastructure mature, advisors should revisit three questions their crypto due diligence may no longer fully cover.

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Why tokenization is an ETF-style market structure revolution

June 4, 2026 by kamal

The current tokenization dialogue and pattern resemble ETFs’ early days, which ultimately transformed into a $10+ trillion market, Lie argues.

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Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist

June 4, 2026 by kamal

In this week’s edition of The Protocol Newsletter, we’re looking at the state of the Ethereum layer-2 ecosystem.

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Tom Lee’s $250,000 ether target: Here’s what math says about this crazy prediction

June 4, 2026 by kamal

Bitmine’s chairman told a Paris conference ether would 50x from here on AI and corporate validators. Here’s how supply schedule, the ETH-to-bitcoin ratio history and the actual breakdown of staked ether look at those levels.

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Ripple-linked XRP sinks 7% to four-month lows

June 4, 2026 by kamal

XRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token’s weakest technical setups in months.

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CoinDesk 20 performance update: Bitcoin Cash (BCH), up 1.5%, is only gainer

June 4, 2026 by kamal

NEAR Protocol (NEAR) declined 15.2% and Internet Computer (ICP) dropped 13.1%, leading the index lower.

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Strategy’s Saylor’s explanation for bitcoin’s slide isn’t what bears think

June 4, 2026 by kamal

Bitcoin’s drop reflects capital rotation into AI, Saylor argues, but the bears have a darker reason.

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Live markets: Saylor speaks as bitcoin plunges to $62,000

June 4, 2026 by kamal

Amid the crypto price crash, a handful of tokens have been performing well, but they’re tumbling now as Arthur Hayes exits.

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Moomoo expands into prediction markets through Kalshi partnership

June 4, 2026 by kamal

Retail trading platform moomoo has partnered with Kalshi to offer CFTC-regulated event contracts tied to economic data, elections and major sporting events directly within its app.

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Russia sanctions British teenager for alleging A7A5 use in funding Ukraine war

June 4, 2026 by kamal

The A7A5 stablecoin was designed to bypass sanctions imposed on Russia following its invasion of Ukraine in 2022.

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Standard Chartered’s three ‘Ifs’ that stand between bitcoin and a market low

June 4, 2026 by kamal

Your day-ahead look for June 4, 2026

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JPMorgan warns time is running short for crypto market structure bill

June 4, 2026 by kamal

The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.

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Bitcoin steadies above $60,000 while derivatives send an unambiguous warning

June 4, 2026 by kamal

BTC crashed to $61,300 before recovering to $62,500 with $3 billion in liquidations over two days. Traders loaded up on $60,000 puts in anticipation of further declines.

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This bitcoin metric has marked every bear market bottom, and it’s just flashed again

June 4, 2026 by kamal

More than half of the bitcoin in circulation is sitting on unrealized losses as the BTC price tests historically significant bear-market support levels.

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Cardano slumps under 20 cents as Hoskinson says he is ‘taking a break’ after warning of ecosystem failures

June 4, 2026 by kamal

Hoskinson’s remarks followed a string of setbacks for the ecosystem, including the cancellation of Cardano’s flagship conference and the shutdown of a prominent analytics platform.

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Goldman Sachs teams with Apex, Archax for tokenized real estate fund

June 4, 2026 by kamal

The fund combines blockchain native issuance with established fund structures.

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Polymarket says No for May, Yes for June after Strategy’s recent bitcoin sale

June 4, 2026 by kamal

UMA voters ruled that Strategy’s June 1 disclosure counted for the June contract, even though the company said it sold bitcoin during the final week of May.

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Apyx’s STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug

June 4, 2026 by kamal

Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.

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BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

June 4, 2026 by kamal

BlackRock’s IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid’s HYPE products as the only major crypto ETF category still pulling in net new money.

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Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out

June 4, 2026 by kamal

Presto Research says bitcoin’s drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

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Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

June 4, 2026 by kamal

Analysts and market observers are saying bitcoin’s crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.

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Bitcoin tanks below $63,000 for the first time since February as price selloff deepens

June 4, 2026 by kamal

The selloff has triggered demand for protective options plays, pushing the fear gauge higher.

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SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

June 3, 2026 by kamal

SpaceX’s proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.

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Tom Lee’s Bitmine borrows a page from Saylor’s playbook to offer 9.5% yield in preferred stocks

June 3, 2026 by kamal

The largest Ethereum treasury firm is taking a page from Michael Saylor’s Strategy to issue preferred shares to tap new sources of funding.

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Bitmine’s Ethereum bet nears $9 billion loss as ether falls below $1,800

June 3, 2026 by kamal

Shares of Tom Lee’s Ethereum treasury firm hit their lowest level since the company’s crypto pivot as ETH revisits the February lows.

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New DeFi entrant widens field of crypto political campaign funds as elections loom

June 3, 2026 by kamal

The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.

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Bitcoin isn’t crashing because of Saylor, it’s losing the momentum trade

June 3, 2026 by kamal

Bitcoin’s recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor’s bitcoin sales, according to Charles Schwab’s Jim Ferraioli.

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Crypto Long & Short: What about the American consumer?

June 3, 2026 by kamal

In this week’s Crypto Long & Short, Alex Tapscott on the stalling of the CLARITY Act and how it’s impacting the average American consumer. Then, Aisha Hunt writes that crypto will grow by upgrading Wall Street’s trusted products rather than replacing them.

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