Category: News

Bitcoin isn’t crashing because of Saylor

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When Bitcoin slid below $62,000 in early June 2026, the crypto world reached for the nearest villain: Michael Saylor.  Summary Strategy’s 32 BTC sale was too small to explain Bitcoin’s multi-day selloff or liquidation cascade. Jim Ferraioli argues Bitcoin’s real problem is that it has lost the market’s dominant momentum trade. Bitcoin has been grinding lower since its October 2025 peak, months before Saylor’s June sale. Gold, AI stocks, and IPO speculation are pulling speculative capital away from Bitcoin for now. On June 1, his company Strategy disclosed it had…

Something Spooked Arthur Hayes Into Dumping HYPE And NEAR — Here Are The 5 Reasons

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Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, announced on June 4 that he has exited his entire positions in both Hyperliquid’s HYPE token and NEAR Protocol — reversing two of his most publicly stated high-conviction long calls — citing five macro and geopolitical factors he believes will weigh on risk assets between now and early Q3 2026. Related Reading The exit marks a significant about-face for Hayes, who had publicly identified HYPE as one of his two largest positions outside Bitcoin earlier this year — alongside…

Polymarket Resolves Strategy Bitcoin Sale Dispute to No

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A disputed Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to “No” after two dispute rounds, despite Strategy later disclosing that it sold 32 BTC during the market’s covered window. UMA Optimistic Oracle (UMA) token holders voted to settle the market in “no” following a second resolution cycle that closed at 12:34 am UTC on Thursday, blockchain data shows. An overwhelming 98.6% of the 607 participants voted for the market to resolve in “no,” while only 1.4% voted “yes,” data from Betmoar shows. Polymarket said that no…

Bitcoin ETF Sell-Off Hits 13 Days With $4.4B Outflows

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US-listed spot Bitcoin exchange-traded funds (ETFs) extended their sell-off Wednesday to a record 13 consecutive trading days as Bitcoin demand continued to weaken. Spot Bitcoin ETFs posted $396.6 million in net outflows on Wednesday, bringing cumulative withdrawals to roughly $4.4 billion since the streak began, according to data from SoSoValue. The current run exceeds the previous record of eight consecutive trading days of outflows in February 2025, which saw roughly $3.2 billion exit the funds. Bitcoin price briefly dipped below $63,000 on Thursday. Source: CoinGecko Since the outflow streak began…

Bitcoin News Today: BTC Most Committed Holders Just Sold $2.4 Billion in 2 Days

Something is happening to Bitcoin today as news reports that BTC’s highest-conviction holders have sold approximately $2.4 billion in the past two days alone. This is defined by on-chain analysis as those holding for at least 155 days, with 26% of all bitcoin sold over the past 30 days originating from investors who acquired coins above $90,000. The moves coincide with a 12% week-to-date price decline from an October all-time high above $126,000, while spot ETF net assets have collapsed to $82.83 billion from $107.8 billion. Source: SoSoValue Compounding the…

The US Treasury Secretary on Clarity ACT: This Might Change Bitcoin Forever

Treasury Secretary Scott Bessent, the macro investor and Key Square Group founder who now oversees U.S. fiscal policy, has publicly championed both the strategic bitcoin reserve established under President Trump’s March 2025 executive order and accelerated Senate passage of the Clarity for Payment Stablecoins Act, describing the stablecoin legislation as moving through Washington with what he characterized as ‘deliberate speed’ toward a potential floor vote before summer’s end. Bessent framed the two initiatives as structurally linked, regulatory clarity on dollar-pegged digital assets, in his telling, is the precondition that makes…

XRP News: 4-Month Low on 14th Anniversary as Institutional Outflows Weigh on Price

XRP News: XRP price touched $1.15 on June 4, 2026, its lowest print in four months, shedding roughly 20% from the $1.50–$1.60 range where it had repeatedly stalled through May and wiping more than $10 billion from its market capitalization in a matter of days. The move triggered approximately $30 million in liquidations from leveraged traders, per available derivatives data, and was sufficient to push XRP’s market cap below $75 billionm, allowing USDC to overtake it as the fifth-largest cryptocurrency by that metric, according to CoinGecko rankings. The analytical question…

Bitcoin slipped below key cost basis levels during May market correction:  Finestel

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Bitcoin closed May near $70,600 after losing roughly 8% to 10% during a month dominated by rising inflation, higher Treasury yields, and escalating geopolitical uncertainty, according to a market report from Finestel. Summary Finestel said Bitcoin ended May near $70,600 after inflation concerns, rising Treasury yields, and geopolitical tensions triggered a market pullback. The report found Bitcoin fell below key holder cost basis levels, while support emerged in the $70,000 to $73,000 range. Professional asset managers increased stablecoin allocations and reduced altcoin exposure as they adopted a more defensive stance.…

Arthur Hayes Says Worldcoin (WLD) Could ‘Moon’ To $5 By August

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Arthur Hayes has amplified a bullish Worldcoin thesis from Maelstrom, arguing that WLD could become a high-beta proxy for the coming wave of artificial intelligence IPOs. The call centers on a short-heavy setup, a potential balance-sheet bid from Eightco, and a scheduled reduction in WLD unlocks later this month. Hayes, the BitMEX co-founder and Maelstrom chief investment officer, put the argument in his typically blunt style on X. “Read it and weep WLD bears,” he wrote. “This shitcoin is going to moon … cause AI duh. Don’t mid-curve this shit.”…

Bitcoin quantum discount hits 28% as BTC price sinks near $62K

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Bitcoin’s latest price decline has brought a new theory back into focus. Capriole Investments founder Charles Edwards says Bitcoin now trades with a 28% quantum discount. Summary Charles Edwards says Bitcoin trades at a 28% quantum discount due to slow developer action. Citi and Quantus have both warned that Bitcoin faces rising quantum-security risks. Bitcoin’s price drop toward $62K comes as macro stress and treasury concerns weigh on sentiment. Edwards argues that the market is pricing in fear over slow post-quantum security planning. His model compares Bitcoin’s market price with…