CoinDesk 20 performance update: Bitcoin Cash (BCH), up 1.5%, is only gainer
NEAR Protocol (NEAR) declined 15.2% and Internet Computer (ICP) dropped 13.1%, leading the index lower.
Crypto
As BTC Tests $62,000, How Low Can Bitcoin Go?
Bitcoin has dropped 17% in four days, sparking $4.5 billion in liquidations, as analysts warn of a potential move below $60,000.
Arthur Hayes dumps HYPE, NEAR as he warns of AI IPO wave
Arthur Hayes said he dumped his HYPE and NEAR holdings after warning markets may peak before September and AI IPOs could drain liquidity.
Coinbase launches pre-IPO markets, starting with Elon Musk’s SpaceX
Coinbase launches pre-IPO markets starting with SpaceX, offering non-US users perpetual futures tied to private company valuations amid rising competition.
Strategy’s Saylor’s explanation for bitcoin’s slide isn’t what bears think
Bitcoin’s drop reflects capital rotation into AI, Saylor argues, but the bears have a darker reason.
Morning Minute: Crypto Crashes, New Lows In Sight
Bitcoin falls to $62k and Arthur Hayes selling his HYPE and NEAR position leads to double digit fallout for recent alt darlings.
Live markets: Saylor speaks as bitcoin plunges to $62,000
Amid the crypto price crash, a handful of tokens have been performing well, but they’re tumbling now as Arthur Hayes exits.
US Bitcoin Reserve Moving Ahead at ‘Deliberate Speed’: Bessent
The Treasury chief told senators the administration is using “best practices” in implementing Trump’s Bitcoin reserve order.
Moomoo expands into prediction markets through Kalshi partnership
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.
Russia sanctions British teenager for alleging A7A5 use in funding Ukraine war
The A7A5 stablecoin was designed to bypass sanctions imposed on Russia following its invasion of Ukraine in 2022.
Bitcoin price just tagged 200-week trend line that defined 2022 bear market
Bitcoin brought back the trend line that functioned as resistance in the 2022 bear market, with BTC price RSI approaching its lowest in six years.
FG Nexus offloads additional $17.8M Ether as losses top $100M
FG Nexus offloads another 10,000 ETH, pushing realized and paper losses above $100 million as the Ethereum treasury firm continues cutting exposure.
Polymarket users cry foul after Strategy sale market resolves to ‘no’
A Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to no after traders disputed how the sale should count.
Standard Chartered’s three ‘Ifs’ that stand between bitcoin and a market low
Your day-ahead look for June 4, 2026
Coinbase Launches Pre-IPO Perps, Starting with Elon Musk’s SpaceX
Elon Musk’s aerospace company SpaceX is set to IPO, with current estimations making him the world’s first trillionaire on its completion.
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.
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.