Category: News

Wintermute warns Bitcoin lacks inflows needed to confirm market bottom

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Bitcoin’s recent selloff has yet to establish a durable market bottom as institutional demand remains absent and capital continues to leave spot Bitcoin ETFs, according to a new market note from Wintermute. Summary Wintermute says Bitcoin’s recent decline reflects a lack of institutional demand rather than isolated market events. Spot Bitcoin ETFs extended a 13-session outflow streak, shedding roughly $4.37 billion since mid-May. CryptoQuant data suggests capitulation may be approaching, with 50% of Bitcoin supply now sitting at a loss. According to data from crypto.news, Bitcoin (BTC) traded near $61,828…

Treasury Stablecoin Proposal Draws Major Warning From Hyperliquid Policy Center–Here’s Why

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The Hyperliquid Policy Center (HPC), together with venture capital firm Paradigm, submitted a joint comment to the US Treasury on Tuesday, urging the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) to refine parts of its proposed stablecoin compliance rule tied to the GENIUS Act.  The rule is intended to implement anti-money laundering (AML) and sanctions requirements for “permitted payment stablecoin issuers” (PPSIs), a category the proposal says should be able to innovate in payment stablecoins while operating under an “appropriately tailored” regime designed to…

XRP Tests Major Macro Support As Bulls And Bears Battle For Control

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Ether Eyes $1,500 Support After 25% Open-Interest Decline

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The Ether (ETH) futures market saw its open interest (OI) on Gate.io fall by 45% to levels last seen in April 2025. At the same time, nearly 480,000 ETH left Binance, OKX, Gemini and Bitfinex over the past few days, reducing the exchange-held supply.  The combined shift highlights a market with less leverage and declining exchange balances, placing greater focus on the $1,500 support zone, which some analysts view as critical to preventing a deeper move toward $1,000.  Ether open interest falls across exchanges Ether’s futures market has undergone a…

Bitcoin traders brace for Federal Reserve decision as hold odds hit 98%

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Bitcoin traders have positioned for a Federal Reserve pause next week, with CME FedWatch data showing a 98.2% probability that policymakers will leave interest rates unchanged at the June 16-17 meeting. Summary CME FedWatch data shows a 98.3% chance the Fed will leave rates unchanged at its June 16-17 meeting. Bitcoin and the broader crypto market have weakened as traders reduce risk ahead of the policy decision. Investors are focusing on Fed Chair Kevin Warsh’s forecasts, dot plot, and policy outlook for clues on future rates. According to CME FedWatch…

This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point

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Technical analysis of Bitcoin’s price action on the daily candlestick timeframe places the cryptocurrency around the same resistance region where previous relief rallies have failed, turning the current price area into a major decision point for the next phase of the market. At the time of writing, Bitcoin is trading around $62,950, and bulls are trying to stabilize above $60,000 after a recent few days of heavy selling pressure. On-chain analyst VoidOnChain has laid out a precise roadmap that maps the path from current price action, but the roadmap does…

Anthropic Launches Claude Fable 5 at Half the Price of Mythos Preview — Benchmarks Top All Rivals – Bitcoin News

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Key Takeaways Anthropic’s Claude Fable 5 launches at $10 per million input tokens, cutting Mythos Preview pricing by more than 50%. Stripe compressed 2+ months of engineering work into 1 day using Fable 5 on a 50-million-line Ruby codebase. Fable 5 is free on Pro and Team plans through June 22, after which usage credits will be required by Anthropic. What Claude Fable 5 Is Fable 5 is Anthropic’s most capable publicly available model. In Tuesday’s release, the company says it leads on nearly all tested AI benchmarks, with particular…

Solana Institute urges CLARITY Act developer protections

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Solana Institute CEO Kristin Smith is urging the US Senate to pass the CLARITY crypto market structure bill with developer protections intact, arguing that open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries. In a thread on the X social media platform, Smith said the market structure legislation “has a real shot at passing the Senate,” making it critical for lawmakers to preserve protections for software developers. Source: Kristin Smith on X.com Smith said more than 60 crypto CEOs and founders, including Solana co-founder Anatoly Yakovenko,…

XRP May Reach $10 By 2027—But Bearish Conditions Could Push It Below $1, Expert Says

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In a new report, market expert Sam Daodu laid out three tentative scenarios for where XRP could be heading in 2027. His projections are built around several moving parts: the CLARITY Act, the XRP Ledger (XRPL), and exchange-traded funds (ETFs).  Conservative XRP Outlook Under Daodu’s most conservative outlook, XRP could trade between $3 and $5 by 2027. This range assumes that the CLARITY Act moves forward and that demand for XRP through ETFs grows at a steady pace rather than in dramatic bursts.  Daodu argues that this “unflashy” kind of…

Bitcoin Reverses 24-Hour Rally as Glassnode Flags 8M BTC at a Loss

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Key Takeaways Bitcoin fell below $61,000 on Tuesday as escalating Middle East tensions sparked a 2.9% daily price drop. The crypto market retreat triggered $467.5 million in total crypto liquidations, devastating long derivatives bets. Glassnode data shows a grim outlook with 8 million bitcoin now underwater, reversing recent profit trends. Bitcoin Dips Amid Geopolitical Tremors On Tuesday, bitcoin reversed gains made 24 hours earlier, dipping below the $61,000 threshold amid heightened geopolitical tensions in the Middle East. Bitstamp data showed the top cryptocurrency plunged to an intraday low of $60,718…