Crypto correction vaporized $176B in investor funds: Are bears back in control?
Bitcoin and altcoin prices crumbled as BTC lost the $70,000 level. Will investors’ pivot to AI stocks continue to weigh on crypto markets? Go to Source
DIGIT
Crypto PACs pour $3M into Maryland races as California voters head to polls
An affiliate of a political action committee backed by crypto companies ramped up spending on ads in California ahead of Tuesday’s primaries, but still has millions of dollars at stake in Maryland later this month. Go to Source
Trader Loses 1,680 BTC Fight as South African Court Classifies Bitcoin as Capital
A South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) because it holds value, is used for speculation, and is accepted by merchants. The Catalyst: Seizure of 1,680 Bitcoins A South African High Court has ruled that bitcoin can be treated as capital … Read more
Stablecoin Activity Surges to 49.7x Velocity as Crypto ETF Outflows Deepen
Stablecoin use is accelerating beyond crypto trading, with filtered transaction velocity reaching a record 49.7 times annualized. At the same time, bitcoin and ethereum spot ETFs are facing sustained outflows, raising questions about the depth of institutional demand. Bitcoin ETF Outflows Hit $6.6B as Stablecoin Payments Accelerate Stablecoins are showing signs of a major shift … Read more
Coinbase invests in ProShares ETF tailored for stablecoin reserve assets
The exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products. Go to Source
Ethena Labs Moves Into Institutional Off-Chain Lending With Anchorage Digital
Anchorage Digital has expanded its Atlas Collateral Management platform through a new arrangement with Ethena Labs, positioning the federally chartered crypto bank as collateral manager for Ethena’s institutional lending operations. What the Deal Does Under the structure, Anchorage Digital holds and monitors collateral, while Ethena Labs deploys capital into institutional loans, Anchorage detailed in a … Read more
Blackrock IBIT Sheds $440M as Bitcoin ETF Outflows Reach 11 Days
Crypto exchange-traded fund (ETF) flows opened June on a defensive note, with bitcoin funds losing nearly half a billion dollars and ether products extending their outflow streak to 15 trading days. Yet XRP and HYPE ETFs again attracted fresh capital, showing that investors are still making selective bets beyond the largest crypto assets. XRP ETFs … Read more
Bitcoin’s $224K ‘fair value’ may emerge if sovereign debt fears deepen: Bitwise
A sovereign default-risk model estimates Bitcoin’s fair value at $224,000, as rising debt risks and bond-market stress could strengthen the asset’s long-term investment case. Go to Source
Bitcoin Sinks to $66,346 as $1.35B in Long Liquidations Accelerate Market Selloff
Bitcoin experienced a sharp decline in early June 2026, tumbling more than 6% in 24 hours to an intraday low of $66,948. Market Cap and Liquidation Crunch Bitcoin’s poor start to June continued as the cryptocurrency tumbled below $67,000, hitting another multi-week low. The daily chart shows bitcoin steadily declining from just over $71,500 late … Read more
Coinbase Bets on Proshares ETF as Stablecoin Reserve Standards Evolve
Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash equivalents, giving issuers another compliance-focused option for backing payment stablecoins. Coinbase’s IQMM Investment Points to a New Reserve Era for Stablecoins Crypto exchange Coinbase Global Inc. (Nasdaq: COIN) announced on June 2 that … Read more