Bitcoin ETFs bleed $4.4B as outflow run extends to 13 trading days
US-listed spot Bitcoin ETFs saw $397 million in outflows on Wednesday, extending a 13-day red streak to $4.4 billion as Bitcoin has fallen about 21% since May 15.
Crypto
JPMorgan warns time is running short for crypto market structure bill
The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.
Bitcoin steadies above $60,000 while derivatives send an unambiguous warning
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.
Tom Lee’s BitMine Plans $300M Preferred Stock Sale for ETH Treasury Push
The offering would tie fixed cash dividends to a staking-heavy ETH treasury model as Strategy’s preferred stock remains under pressure.
This bitcoin metric has marked every bear market bottom, and it’s just flashed again
More than half of the bitcoin in circulation is sitting on unrealized losses as the BTC price tests historically significant bear-market support levels.
Over $600M in Bitcoin longs liquidated as BTC dips toward $60K
Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the broader technical setup remains bearish for BTC.
Cardano slumps under 20 cents as Hoskinson says he is ‘taking a break’ after warning of ecosystem failures
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.
Goldman Sachs teams with Apex, Archax for tokenized real estate fund
The fund combines blockchain native issuance with established fund structures.
Polymarket says No for May, Yes for June after Strategy’s recent bitcoin sale
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.
Worldcoin is overlooked bet on AI IPO wave: Maelstrom
Maelstrom predicts the WLD token will reach $5 by August, a gain of around 900% from current levels.
US House Democrats call for FTC probe into prediction markets
The lawmakers are also asking the FTC for information on whether it has plans to take investigative or enforcement action against prediction markets for possible deceptive practices.
About 67% of banned Anthropic accounts used AI to prep for cyberattacks
AI firm Anthropic mapped a year’s worth of AI-enabled cyber threats, finding that malicious actors are quickly becoming more dangerous with AI.
Apyx’s STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug
Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.
BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green
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.
Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook
The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday.
Coinbase freezes $3M tied to Southeast Asia crypto fraud networks
Authorities around the world have been heavily targeting scam infrastructure this year, with joint actions involving the US, UAE, China, Austria and Albania.
CFTC follows SEC in scrapping ‘no-deny’ policy for settlements
CFTC Chairman Mike Selig says the rescission of its “no-deny” policy means it now has more flexibility when settling enforcement actions.
Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out
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.
Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
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.
Bitcoin tanks below $63,000 for the first time since February as price selloff deepens
The selloff has triggered demand for protective options plays, pushing the fear gauge higher.
Israel’s tax authority ‘disappointed’ in voluntary crypto disclosures: Report
After expecting billions of dollars worth of crypto holdings to be reported during a voluntary disclosure period, the country’s tax office only saw 58 filers took advantage of the procedure.
SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
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.
Tom Lee’s Bitmine borrows a page from Saylor’s playbook to offer 9.5% yield in preferred stocks
The largest Ethereum treasury firm is taking a page from Michael Saylor’s Strategy to issue preferred shares to tap new sources of funding.
Wyoming executive order to guide AI data center development
Wyoming Governor Mark Gordon signed an executive order supporting AI data center development as the state seeks to attract advanced computing and technology investment.
The Best AI Models Still Encourage ‘Harmful Intimacy’ With Chatbots, Study Funds
A new study finds that leading AI models often encourage emotional attachment, portray themselves as human, and fail to maintain clear boundaries.
US Treasury Secretary signals progress on Bitcoin reserve, CLARITY Act
Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.
Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
Reuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals.
Cardano Slumps to 5-Year Low Price as Charles Hoskinson Warns of ‘Wave of Failures’
Founder Charles Hoskinson was brutally honest about the troubles the Cardano ecosystem could face as the market continues declining.
Price predictions 6/3: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ZEC, ADA, XLM
Bitcoin is at risk of a drop below $65,000, but buyers are expected to mount a strong defense as the price nears the crucial $60,000 level.
Tether Debuts Tokenized Gold Stablecoin Visa Card That Pays Out Crypto Rewards
Holders will be able to do more with their gold, instantly spending Tether’s tokenized version anywhere Visa is accepted.