Category: News

How low Will Bitcoin Price go if $60K Support Fails?

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Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday. BTC/USD weekly chart Source: TradingView BTC was trading near $62,500 after briefly dropping toward $61,000 earlier in the session. The roughly $1,500 rebound showed bulls are still trying to defend the psychologically important $60,000 support level. How low can Bitcoin go if it breaks below $60,000? Key takeaways: Bitcoin is testing its 200-week SMA near $61,800, a level that has historically acted as major cycle support. Analyst says $55,000 may be…

Arthur Hayes Dumps Entire Zcash Bag, Keeps WLD Bet Alive

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Arthur Hayes says Maelstrom has sold its entire Zcash position after new disclosures around the Orchard Pool vulnerability sharpened the perceived risk around ZEC’s monetary integrity. The move effectively ends his recent “Holy Trinity” trade across ZEC, NEAR and HYPE, while leaving Worldcoin as the AI-linked bet he says the fund still holds. “The Holy Trinity is dead,” Hayes wrote on X. “Sadly due to the Orchard Pool exploit, I had to dump our entire ZEC bag.” Why Is Hayes Dumping Zcash Now? The post followed a detailed statement from…

Bitcoin in ‘Fire-Sale’ Zone as Holders Bleed

The highest conviction Bitcoin holders realized approximately $2.4Bn in aggregate losses over a 48-hour window ending June 5, 2026, as the spot price breached the Short-Term Holder Realized Price (STH-RP), a level that, in on-chain analysis, serves as the final structural support in an intact bull market. The breach coincides with a broader risk-off repricing across global equities, more than $2Bn in total liquidations of long positions across derivatives markets, and a Fear and Greed Index reading of 12/100, placing market sentiment in territory last seen during the COVID-19 crash…

Ethereum News: Bitmine Targets $300 Million in Stock Offering: Is an Ethereum Treasury Strategy Next?

Ethereum News: Bitmine Immersion Technologies filed with the US Securities and Exchange Commission on Wednesday to launch a Series A Perpetual Preferred Stock offering, 3 million shares at $100 per share, targeting roughly $300 million in gross proceeds, and the market’s immediate read was not operational financing. It was ETH accumulation. Shares of the company (BMNR) closed up approximately 5.8% on Thursday even as Ethereum itself slid 1.7% over 24 hours to trade near $1,650, extending a weekly decline of close to 17%. The analytical question is not whether Bitmine…

XRP Holders Warned: Japan’s Regulatory Clarity Is Already Priced In

XRP price has traded near multi-month lows, touching approximately $1.15 in recent sessions, a level roughly 20% below the $1.50–$1.60 range where it repeatedly stalled through the first quarter, even as social media accounts circulate claims that Japan’s institutional alignment with Ripple is about to trigger a parabolic move. The viral framing points to SBI Holdings‘ deep integration with Ripple’s payment infrastructure, the FSA’s longstanding treatment of XRP as a digital asset rather than a security, and a draft amendment to Japan’s Financial Instruments and Exchange Act as though these…

Crypto Exchanges Could Funnel $5 Trillion of New Equity Capital Into Markets

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Key Takeaways Binance Research said crypto exchanges could add $5T in annual equity capital within five years. Roughly 93% of Binance’s stock-trading users come from emerging markets, the report found. The shift positions exchanges as equity gateways, settling trades in stablecoins around the clock. Exchanges as the New Gateway to Stocks In much of the developing world, opening a conventional brokerage account can mean paperwork, minimum balances and limited access to U.S. shares. Crypto platforms sidestep much of that friction, letting users buy fractional positions with stablecoins around the clock.…

Bitcoin purity, markets or upgrades? Saylor names four camps

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Michael Saylor has outlined four Bitcoin ideologies in a new paper, framing the debate over how Bitcoin should grow, connect with markets, improve technically, and protect its core principles. Summary Saylor separates Bitcoin believers into maximalists, capitalists, technologists, and fundamentalists as adoption debates widen globally. Capitalists favor market integration, while fundamentalists warn against custody, leverage, regulation, and protocol compromise risks. The paper lands as Strategy faces scrutiny after Strategy’s rare Bitcoin sale and price pressure. Saylor said Bitcoin has moved beyond its early role as a niche technology or monetary…

Clarity Act News: Who Gets Blacklisted? How the Senate’s ‘Bad Actor’ Rules Could Redraw the U.S. Crypto Map

The Blockchain Association, a Washington-based crypto industry trade group is in the news as it convened an online town hall on Thursday to advocate for the Digital Asset Market Clarity Act, the Senate crypto bill commonly referred to as the Crypto Clarity Act, placing particular emphasis on the legislation’s illicit-finance provisions as the bill’s sponsors contend with fewer than eight weeks of Senate floor time before the chamber breaks for summer recess and the midterm elections cycle begins in earnest. Senator Cynthia Lummis, Republican of Wyoming and chair of the…

Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

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Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month. Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL to the institutional trading platform. The transfer comes as the firm sits on steep unrealized losses tied to its large-scale bet on the token. The deposit to Coinbase Prime does not necessarily confirm an immediate sale but is commonly interpreted as a precursor to trading activity, particularly for institutional…

Bitcoin Faces Pressure As Investors Rotate Capital Into AI: Saylor

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…