Former Fidelity Executive Says South Korean Index’s 10% Crash Pulled BTC Below $60,000
Mike McCluskey argues that bitcoin’s slide is due to its high-beta relationship with tech equities rather than broken crypto-native fundamentals. The Seoul-to-Nasdaq Contagion On Tuesday, June 23, the South Korean index, Kospi, plunged by more than 8%, triggering a Level 1 circuit breaker. The sharp drop was attributed to a severe global semiconductor stock correction, … Read more
South Korean authorities fine Bithumb $136K over sharing user information overseas
The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended to protect user data. Go to Source
Bitcoin Crashes to $58,035, Wiping $40 Billion From Crypto Ecosystem in 24 Hours
The price of bitcoin reached a consequential low on Thursday, falling to its weakest level of 2026 when it touched $58,035 on Bitstamp at 9:55 a.m. Eastern time. Over the past 24 hours, $40 billion has vanished from the total crypto market capitalization, leaving it precariously close to slipping beneath the $2 trillion threshold. Crypto … Read more
Bitcoin drops to $58K on high US PCE inflation as trader sees ‘manipulation’
Bitcoin fell to 21-month lows as stock market volatility accompanied three-year highs in US PCE inflation, leading to $600 million in hourly crypto liquidations. Go to Source
Why Wall Street values some crypto firms for AI power, not just crypto
Galaxy Digital’s stock surge points to a new trend: Investors are rewarding some crypto firms for AI infrastructure, not just digital asset exposure. Go to Source
Story Protocol rebrands to DATA Foundation in AI pivot
Story Protocol is now the DATA Foundation as it aims to provide licensable data to AI firms that have “run out of internet to scrape.” Go to Source
70,000 US Law Enforcement Professionals Call for Changes to CLARITY Act
More than 70,000 U.S. law enforcement professionals have urged federal officials to revise provisions of the CLARITY Act, warning that broad exemptions could weaken oversight, accountability, and investigative tools used to combat criminal activity involving digital assets. National Coalition Raises Concerns Over Investigative Limits in CLARITY Act A coalition representing more than 70,000 U.S. law … Read more
Memecore Crashes 76% as $3B Vanishes and ZachXBT Revives Manipulation Claims
Crypto token memecore plummeted 76% in a single day, dropping from $2.64 to $0.50 before a minor rebound to $0.80. The crash wiped out nearly $3 billion in value, reducing its market cap to $900 million. M Plummets 76% Amid Pump-and-Dump Allegations Memecore (M), a token previously flagged by online sleuth ZachXBT, flash-crashed Thursday, sliding … Read more
Crypto Traders Lose $1B in 24 Hours as Short Sellers Face Rising Pressure
Total cryptocurrency liquidations topped $1 billion in a 24-hour period, driven by bitcoin plunging to a 2026 low of $59,018. Bitcoin Bears Face Key Thresholds Cryptocurrency liquidations topped $1 billion on Thursday, hours after bitcoin plunged to $59,018, its lowest level so far in 2026. Market data as of 3 a.m. EST showed that $781 … Read more