‘Intense Capitulation’ Hits Crypto as 8M BTC, Bulk of ETH Supply Sit at Loss
Millions of Bitcoin are underwater as experts say the ‘scale of market reset’ signals capitulation, but long-term opportunities remain.
Crypto
The inflation scenario that could send bitcoin tumbling below $60,000
Your day-ahead look for June 10, 2026
Kalshi Rolls Out New Safeguards After Insider Trading Concerns Hit Prediction Markets
Kalshi’s new rules force traders to disclose their employers before trading high-risk markets flagged for insider trading or manipulation.
Zcash, Hyperliquid tokens lead losses as traders bet against a bitcoin bounce
Crypto markets are under pressure ahead of key U.S. inflation data due later Wednesday.
EU proposes ban on 11 crypto platforms in Russia sanctions push
The proposed measures would ban transactions on 11 crypto platforms and expand sanctions targeting networks accused of helping Russia evade restrictions.
Japan’s Largest Banks Plan Joint Stablecoin Launch by March 2027
Megabanks MUFG Bank, Mizuho Bank and SMBC have formed a council to develop frameworks for jointly issuing a stablecoin in fiscal year 2026.
Japan’s three largest banks aim for joint stablecoin issue by March
MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins.
XRP market shows signs of capitulation as holders sell at loss
XRP holders are capitulating, according to data tracked by Glassnode. That suggests a bottom may be near.
SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech
Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts.
SpaceX’s pre-IPO market on Hyperliquid has fallen 27% in three weeks
The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.
Chainalysis, South Korean police link up to fight crypto crime
South Korea’s national police has been battling crypto-enabled crimes from DPRK-state level threats to scams targeting retail investors.
Hyperliquid, Paradigm urge revision of GENIUS money laundering rule
The Hyperliquid Policy Center and Paradigm say the Treasury’s money laundering rules for the GENIUS Act are too onerous for stablecoin issuers.
‘Maximal’ ban on insider trading would hurt prediction markets, says researcher
“The same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” said Balbinder Singh Gill.
Live updates: What next for bitcoin as it faces headwinds from Fed rates to Claude’s Mythos
Anthropic’s IPO pipeline, not its new model, is what crypto traders should track.
XRP drops 4.5% as heavy selling breaks another support level
XRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00.
Bitcoin and gold fall together as a rate-hike bet hits every hedge
The relief rally that lifted crypto off last week’s lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay hawkish.
Bitcoin ETFs are no bigger today than when Trump won the election
Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024.
Crypto users wary as Anthropic releases Claude Mythos with safeguards
Venture capitalist Simon Dedic said Anthropic’s latest AI models drop the cost and skill needed to find crypto exploits to “basically zero.”
Crypto Tax Bills Face Pushback in House Committee Hearing
Pro-crypto Democrats questioned staking and mining tax exemptions Tuesday, while party leadership said the bills may need to wait until after the midterms.
ETH crash to $1K looms if key support breaks: Will futures traders step in?
Ether’s futures open interest fell by 25%, putting pressure on the $1,500 support level. Is a drop to $1,000 next?
Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns
The effort to push several tax bills is meant to be bipartisan, but the parties may not be comfortable with all details of the seven bills weighed by the panel.
EU Orders Meta to Open WhatsApp to Rival AI Chatbots—Meta Calls It ‘Regulatory Overreach’
The European Commission has issued interim measures forcing Meta to restore third-party AI access to the WhatsApp Business API within five days.
Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum
The fraudster took in nearly $100 million from victims before laundering funds via Bitcoin, Ethereum, and stablecoins.
December Trial Date Set for US Soldier Accused of Insider Trading on Polymarket
The insider trading case is the government’s first to center on prediction markets.
Solana Institute CEO says CLARITY Act must shield open-source developers
Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act, arguing open-source builders should not be regulated as financial intermediaries.
Securitize CEO says tokenized stocks could unlock a $5 trillion crypto market
At a panel at ETHConf, Carlos Domingo argued that bringing stocks and exchange-traded funds onchain could unlock a market far larger than today’s roughly $30 billion tokenized asset sector.
A Quantum Clock Is Ticking for Bitcoin and Crypto—Here’s How Stellar Is Preparing
The Stellar Development Foundation unveiled a three-step roadmap to prepare the XLM network for the coming quantum computing threat.
AI Malware Worm Adapts to New Targets in Real Time, Cybersecurity Experts Say
Researchers demonstrated an AI-powered worm that adapts to targets, generates attack strategies, and spreads across networks without cloud services.
Anthropic Rolls Out Claude Mythos 5 AI Model—Along With the Safer Fable 5 for the Public
Anthropic has released a full version of its cybersecurity-centric Claude Mythos model—along with a safer version for the general public.
Bitcoin may act as a ‘canary in the coal mine’ as risk-off pressure spreads: Bitwise
Bitwise research suggests that Bitcoin is leading a broader risk-off move across markets as global liquidity and stablecoin reserves remain elevated.