Author: boss

Agentic payments surpass 100M transactions on Coinbase’s Base

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Agentic payment activity on Coinbase’s Base network has surpassed 100 million transactions, signaling that machine-to-machine payments are moving beyond the proof-of-concept stage in onchain environments. According to a new Chainalysis report, wallets interacting with Coinbase’s x402 protocol generated more than 100 million transactions on Base within roughly nine months of launch. The x402 protocol allows software agents to make onchain payments directly through web requests. When an agent requests access to a resource, such as a data feed or API, it can automatically complete a stablecoin payment without human authorization.…

Bitcoin Drops 10% in 3 Days, Falls Below $66K as $500M Liquidation Wave Hits

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Key Takeaways Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362. Over $1 billion in total crypto positions were liquidated over two days, led heavily by long bets. Strategy’s shock sale broke its HODL streak, threatening to pull bitcoin down toward $60,000 next. Bitcoin Erases April Gains Bitcoin’s downward slide continued on Wednesday as the cryptocurrency dipped below $66,000, erasing its April gains. The digital currency plunged from just over $67,700 to an intraday low of $65,362—a loss of more…

Mastercard Unveils Stablecoin Settlement Support Spanning 8 Blockchains, Including The XRP Ledger

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Mastercard said Wednesday it plans to open its global card-settlement network to regulated stablecoins, a move designed to let card issuers and acquirers clear card transactions directly on-chain.  The company says the service will operate across eight different blockchains, extending on what it describes as “real-world utility” for digital assets. Alongside the expanded on-chain settlement approach, Mastercard also plans to introduce intraday, weekend, and holiday settlement cycles. Mastercard Moves Toward On-Chain Settlement In its announcement, Mastercard said the stablecoins include Tether’s rival, Circle, and its USDC stablecoin, which Mastercard noted…

Here’s Where We Are In The Cycle

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Bitcoin is once again at the center of a fierce debate. While many market participants have interpreted recent weakness as the beginning of a new bear market, crypto trader @CryptoFergani argues the opposite. According to his assessment, the market has already endured its bearish phase, and current conditions point to a different stage of the cycle altogether.  Bitcoin’s Bear Phase May Already Be Behind It To understand his argument, it is important to look beyond daily price swings and focus on the larger structure of the market. @CryptoFergani’s chart presents…

Bitcoin perps hit Kalshi as U.S. traders get long-awaited access

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Kalshi has launched CFTC-approved bitcoin perpetual futures in the United States, giving American traders access to a regulated version of a product that has long been dominated by offshore crypto exchanges. Summary Kalshi has launched CFTC-approved bitcoin perpetual futures for U.S. traders. The BTCPERP contract tracks bitcoin’s spot price and has no expiration date. The CFTC approved Kalshi’s bitcoin perpetual futures contract on May 29, 2026. Kalshi CEO Tarek Mansour said regulated onshore perps can improve risk management for American businesses. Kalshi announced on X that its bitcoin perpetual futures…

Bitcoin ETFs Lose $519M as Grayscale’s GSOL Pulls in Fresh Solana Demand

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Key Takeaways Bitcoin ETFs lost $519.2M on June 2, led by Blackrock IBIT outflows of $388.6M. Ether ETFs saw a 16th straight outflow day, with Blackrock ETHA losing $44.3M. Solana and HYPE ETFs gained $9.7M combined, signaling selective investor demand. Blackrock’s IBIT and ETHA Lead $609M in ETF Outflows Across Bitcoin and Ether The crypto ETF market is still bleeding at the top. Bitcoin funds took another hard hit on Tuesday, with investors pulling $519.19 million from the category. It was the 12th consecutive day of outflows, adding to a…

Bitcoin Miners Hit $1.08B in May Revenue, Then Prices Pull the Floor Away

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Key Takeaways Bitcoin miners crossed $1.086B in May revenue, the first billion-dollar month since January. Hashprice dropped 17.82% in 30 days, pushing the daily value per PH/s to just $30.77. A potential 7.5% difficulty cut around June 13 could ease pressure on surviving miners. Miners Feel the Weight of $66K Bitcoin The bitcoin mining sector is grappling with hashprice levels not seen since early April, with the daily value per petahash per second (PH/s) slipping 17.82% from a month ago. Data from hashrateindex.com indicates the daily revenue generated by 1…

Bitcoin Faces a ‘Likely’ Breakdown From a 50-Month Trend Line

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Bitcoin (BTC) hovered near two-month lows on Wednesday as 2022 bear-market comparisons returned. Key points: Bitcoin traders bring back the 2022 bear market to assess where BTC price action might go next. History shows a new lower high followed by a breakdown of a key 50-month trend line. That trend line has held throughout 2026 so far. Analysis: Bitcoin 50-month trend line break down “likely” Data from TradingView showed cooling BTC price volatility after a trip to $65,362 on Bitstamp — a level last seen in early April. BTC/USD one-hour…

EU MiCA Deadline Forces Crypto Firms to Secure Licenses or Exit Market

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The European Union’s Markets in Crypto Assets Regulation hits a hard deadline on July 1 when the transitional period ends and in-scope crypto asset service providers operating under national regimes must either hold a MiCA licence or stop serving EU clients. A spokesperson from the European Securities and Markets Authority (ESMA) told Cointelegraph that from that date, non-authorized entities “will not be allowed to operate within the EU” and should implement wind-down and client migration plans rather than rely on open-ended transitional status while awaiting a decision. The deadline could…

Hyperliquid Bear Flips Bullish After Losing Over $46M Betting on HYPE Price to Drop

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A crypto whale who stubbornly held his HYPE short through May’s rally has finally been punished as Hyperliquid’s token kept climbing. Key takeaways: Trader has opened fresh long positions in Arthur Hayes’ trinity coins: HYPE, ZEC, and NEAR. HYPE has extended its bull pennant breakout and is now eyeing a rally above $100. Whale reverses HYPE bet after $46.46 million loss On Tuesday, the trader known as “loracle.hl” finally closed his HYPE short, locking in a $46.46 million loss, according to data resource HyperBot. Loracle.hl’s closed perpetual trades. Source: HyperBot…