The Center for Strategic and International Studies (CSIS) in collaboration with the Foundation for Defense of Democracies (FDD) has released a report on the establishment of a separate branch of the military in the US — Cyber Force. Experts estimate the initial budget for the agency will range from $10 billion to $11 billion. The document's authors, including former military officials, believe the new structure will achieve initial operational readiness within 12-18 months. The initiative gained momentum thanks to an amendment by Senator Kirsten Gillibrand to the defense budget law for the 2027 fiscal year. According to the report, the project will not require a significant allocation of new funds. Approximately $7.7 billion is already allocated in the Pentagon's budget for cyber operations, with an additional $2.8 billion earmarked for maintaining specialized personnel. The task of Cyber Force is to consolidate these resources, which are currently distributed between Cyber Command (CYBERCOM) and other branches of the armed forces. The proposed service will consist of 33,000 personnel, including 20,000 active-duty military members and up to 6,000 civilian specialists. The commission proposed a specific staffing model: the workforce will consist exclusively of officers and warrant officers. Experts believe the absence of enlisted personnel is optimal for a high-tech unit. The report considers two integration scenarios: incorporating Cyber Force into the Department of the Army (similar to the Space Force within the Air Force structure); creating an independent Department of Cyber Forces. The main argument for the reform is the current fragmentation of specialist training. At present, Cyber Command is forced to combine combat management with administrative functions. Cyber Force will take on the tasks of training and equipping troops, while the protection of local information networks will remain under the jurisdiction of existing units. Senior Fellow at FDD Mark Montgomery emphasized that the creation of Cyber Force is inevitable and urged the approval of the service model before a major crisis occurs. In May, the Pentagon signed agreements with Nvidia, Microsoft, Reflection, and Amazon Web Services to apply advanced AI tools in classified military environments.

US defense startup Mach Industries has raised $300 million in a Series C funding round, valuing the company at $1.8 billion. The funds will be used to fulfill existing government contracts, expand the workforce, develop products, and establish production networks. The round was led by Infinite Capital and Ribbit Capital.

SimpleSwap is a self-custodial multi-source swap aggregator that pulls liquidity from well-known CEX and DEX sources under the hood. It is designed for direct wallet-to-wallet exchanges. Rather than holding your assets on a platform balance, the service lets you choose a crypto pair, enter a receiving wallet address, send the deposit, and receive the output […]

Coinbase's move democratizes access to private market investments, potentially reshaping how retail investors engage with pre-IPO opportunities. The post Coinbase launches SpaceX perps futures for traders outside the US appeared first on Crypto Briefing.

TSMC's confidence amid Intel's packaging advances highlights a competitive landscape that could reshape semiconductor industry dynamics. The post TSMC co-COO says company is unafraid of Intel’s packaging technology challenge appeared first on Crypto Briefing.

TSMC's strategy fosters long-term client loyalty, stabilizes tech ecosystems, and challenges competitors by maintaining moderate pricing. The post TSMC prioritizes sustainable growth, avoids aggressive price hikes despite soaring AI chip demand appeared first on Crypto Briefing.

Crypto's reputation in Washington shifts from hype to a serious industry amid evolving trading technologies. The post Ron Hammond: Automated trading is becoming user-friendly, the Agent Payments Protocol revolutionizes transactions, and crypto’s perception in DC has matured | Bankless appeared first on Crypto Briefing.

Dutch company QuiX Quantum has installed the first Feed-Forward Control Unit (FFCU) system designed to manage a photonic quantum computer. The FFCU is part of an automatic navigation mechanism that predicts future errors and adjusts the control signal in advance, without waiting for them to occur. Unlike feedback systems, this solution acts proactively. In this case, the system receives signals from single-photon detectors and converts the measurement results into commands for photonic integrated circuits. This logic is crucial for measurement-based quantum computing. In this architecture, calculations proceed through a sequence where the result of one operation can determine subsequent steps. According to representatives of QuiX Quantum, the FFCU is part of the overall stack of the photonic quantum system, alongside photon generation, multiplexing, state preparation, measurement, and control of the photonic assembly. The current system uses two FPGA modules connected by a high-speed, low-latency bus. The stated features include 32 inputs, 32 outputs, and a delay of about 150 ns between the detector input signal and the settled output voltage. Andrew Roos, Vice President of Research and Development at QuiX Quantum, stated that a fast FFCU mechanism is necessary for universal photonic quantum computing, as the system must detect a signal, make a decision, and reconfigure the optical path in real-time within a very short period. QuiX Quantum CEO Stefan Hengsbach described the FFCU as a step towards creating a complete system stack that should not only generate and measure photons but also control them in real-time. The company did not disclose the installation location or the customer. In May, scientists from ETH Zurich developed a method for creating mathematically flawless randomness. The technology addresses the vulnerability of digital systems and cryptography.

XRPL builder Mr. Cauliman rejects XRP price predictions, saying his focus on House of Cauliman projects shows long-term conviction.

Arthur Hayes has sold his HYPE and NEAR positions just weeks after making bullish comments about both tokens.

Despite the massive collapse, some popular X commentators still believe in PI's potential.

Glassnode has highlighted how the latest Bitcoin crash triggered a $1.35 billion capitulation event, with long-term holders contributing the majority. Bitcoin Realized Loss Has Witnessed A Spike Recently In its latest weekly report, on-chain analytics firm Glassnode has discussed about the loss-taking panic that has accompanied the latest drawdown in the Bitcoin price. The indicator […]

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SpaceX's IPO could redefine market norms, influencing future IPO strategies and normalizing Bitcoin holdings for pre-IPO companies. The post JPMorgan CEO Jamie Dimon to discuss SpaceX IPO with clients this week appeared first on Crypto Briefing.

Tesla's unsupervised robotaxi rollout in Austin could redefine its business model, shifting focus from car sales to a lucrative service platform. The post Tesla rolls out unsupervised robotaxis across entire Austin metro area appeared first on Crypto Briefing.

Bitcoin’s selling pressure intensifies after the asset slid below the critical $65,000 level, sparking fear among traders as analyst spots the next support level at around $50,000.

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TLDR: Strategy sold 32 BTC as its mNAV ratio fell below 1.0x, signaling growing dividend pressure. STRC preferred stock requires fixed dividends, forcing Strategy to raise capital, pause, or sell BTC. Bitcoin ETFs recorded 11 straight days of outflows totaling $3.5B, deepening market-wide pressure. If mNAV stays below 1.0x for four weeks, analysts warn the [...] The post Strategy’s 32 BTC Sale Signals Dividend Crisis Risk appeared first on Blockonomi.

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Coinbase has launched a pre-IPO perpetual futures product with up to 5x leverage, debuting the new offering with a SpaceX-linked contract ahead of the aerospace company’s expected public listing at a reported $1.8 trillion valuation. According to Coinbase, the new…

TLDR: Bitmine Immersion Technologies is offering 3,000,000 shares of 9.50% Series A Perpetual Preferred Stock to the public. Dividends accumulate at 9.50% per annum on a $100 stated amount, paid weekly and exclusively in cash when declared. Redemption pricing starts at 110% within 18 months and steps down to par value after three years from [...] The post Bitmine Immersion Technologies Launches 9.50% Series A Perpetual Preferred Stock Offering appeared first on Blockonomi.

Lululemon (LULU) reports Q1 earnings today with analysts expecting 35% EPS decline. Stock down 39% YTD. Wall Street maintains cautious Hold rating. The post Lululemon (LULU) Stock Earnings Preview: Analysts Brace for Sharp Profit Decline appeared first on Blockonomi.

Hyperliquid price has retreated from its record high after BitMEX co-founder Arthur Hayes liquidated his entire HYPE holdings, triggering profit-taking across the market and raising questions about whether key support levels can withstand mounting selling pressure. According to data from…

Despite the dip, large investors are as active as ever.

PayPay agrees to acquire 70.2% of T&D Financial Life Insurance for $839M in cash. T&D Holdings stock drops 2.51%. Deal expected to close in October 2027. The post PayPay Strikes $839M Deal to Take Control of T&D Financial Life Insurance appeared first on Blockonomi.

Oil prices declined Thursday after Israel-Lebanon ceasefire deal, while U.S. crude inventories dropped 8M barrels. Analysis of current oil market dynamics. The post Crude Markets Retreat Following Israel-Lebanon Ceasefire Agreement appeared first on Blockonomi.

TSMC's strategic focus on autonomous driving and robotics could redefine semiconductor demand, potentially driving a new era of tech growth. The post TSMC CEO sees strong growth in autonomous driving and robotics as chip demand expands appeared first on Crypto Briefing.

Circle's AI integration boosts operational efficiency and innovation, empowering non-tech staff and enhancing its competitive edge in fintech. The post Circle hits 90% employee adoption of AI coding tools, now running 900 internal AI apps appeared first on Crypto Briefing.

TLDR; DOGE trades at $0.089 with a $15.14B market cap and over $1.29B in daily trading volume as of June 4. SHIB’s Shibarium is set to receive a Fully Homomorphic Encryption upgrade from Zama by June 30, 2026. House of Doge launched the Such app beta on May 25, marking DOGE’s clearest move toward merchant [...] The post Shiba Inu vs Dogecoin: Who Leads the Memecoin Race in 2026? appeared first on Blockonomi.

Midnite will become Wolverhampton Wanderers’ front-of-shirt sponsor for the 2026/27 season, the club’s 150th, in a deal that shows British football’s gambling-sponsorship money is expected to flow down the pyramid as the Premier League’s voluntary front-of-shirt betting ban takes hold. Gambling Money Flows to the Second Division UK sportsbook and online casino Midnite has agreed […]

Costco (COST) stock gained in pre-market trading following May sales of $24.01B, up 14.5% YoY. Analysts maintain Moderate Buy rating with $1,104.95 target. The post Costco (COST) Stock Climbs After Reporting $24B in May Sales, Up 14.5% Year-Over-Year appeared first on Blockonomi.

US dollar maintained two-month highs as Gulf tensions mounted. Bitcoin fell to $63,119 and Ether reached 4-month lows as investors fled risk assets. The post US Dollar Strengthens to Two-Month Peak Amid Middle East Turmoil and Crypto Selloff appeared first on Blockonomi.

TLDR: Tokenized stocks recorded $5.5B in volume across 2.8M trades and 180,000 wallets through May 2026. Trades below $500 made up 64% of all transactions but represented only 5% of total trading volume. AI-linked equities accounted for 35–40% of recent volume, with NVIDIA leading overall exposure onchain. BNB Chain drove over 75% of total volume [...] The post Tokenized Stocks Show $5.5B in Volume as Retail Participation Grows on Onchain Markets appeared first on Blockonomi.

Strategy's sale of 32 BTC in May sparked one of the most contentious debates around Polymarket's resolution criteria.

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TSMC's cautious approach to High-NA EUV highlights the financial and strategic challenges in adopting cutting-edge semiconductor technologies. The post TSMC CEO outlines efforts to enhance cost-effectiveness of High-NA EUV appeared first on Crypto Briefing.

The ceasefire's success could stabilize regional tensions, influencing global markets and potentially boosting investor confidence in risk assets. The post Israel and Lebanon agree to ceasefire contingent on Hezbollah halt, and crypto markets are watching appeared first on Crypto Briefing.

TLDR: Zcash block explorers showed no new blocks for over four hours on June 3, 2026, alarming traders. Helius CEO Mert Mumtaz confirmed the Zcash mainnet stayed operational despite explorer error data. ZODL CEO Josh Swihart linked the confusion to block explorers not updating nodes post-upgrade. The Orchard pool vulnerability, patched on June 1, triggered [...] The post Zcash Block Explorers Go Dark for Hours After Orchard Pool Upgrade appeared first on Blockonomi.

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. According to Finestel’s May market report shared with…

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The House of Lords, the upper chamber of the UK parliament, has urged financial regulators to reconsider some of their controversial stablecoin proposals, warning that the country risks falling behind global leaders if regulation is not done right. Related Reading: BNB Chain Ecosystem Sees Major Institutional Week With US ETF Debut, Asset Manager Bet House […]

Universal Music Group (UMG) stock plummeted 7.6% after Bill Ackman's Pershing Square sold its entire $1.5B position, realizing $600M profit. The post Universal Music Group (UMG) Stock Plunges 8% as Pershing Square Dumps Entire Position appeared first on Blockonomi.

Bitcoin trades near $62K as Charles Edwards says a 28% quantum discount reflects market fears over slow post-quantum planning.

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Some of the biggest losers today include NEAR, TON, and ADA.

• #litecoin
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Uber (UBER) invests nearly $500M in Nuro for 35,000 robotaxis using Lucid Gravity SUVs, with milestone-based funding tied to autonomous deployment. The post Uber (UBER) Pours Nearly $500M Into Nuro for Massive Robotaxi Expansion appeared first on Blockonomi.

The won's decline may exacerbate market instability, impacting investor confidence and increasing volatility in South Korea's crypto markets. The post South Korea government vows to curb excessive volatility as won weakens to 17-year low appeared first on Crypto Briefing.

Liftoff's IPO success highlights a shift in tech IPO dynamics, emphasizing the need for realistic valuations amid competitive adtech markets. The post Liftoff Mobile raises $437M in revived US IPO, pricing above marketed range appeared first on Crypto Briefing.

Alphabet (GOOGL) stock declined 0.76% after completing an $84.75B equity raise for AI infrastructure, with Berkshire Hathaway anchoring $10B of the deal. The post Alphabet (GOOGL) Shares Dip Following Record-Breaking $84.75B AI Funding Round appeared first on Blockonomi.

Solana price has dropped more than 27% over the past month and nearly 74% from its 2025 peak, with fresh ETF outflows and a crypto market rout sending the token to a 52-week low. According to data from crypto.news, Solana…

Wyoming issues executive order to manage AI data center growth with focus on power costs, water usage, environmental impact, and workforce development. The post Wyoming Launches Executive Order to Regulate AI Data Center Expansion appeared first on Blockonomi.

CrowdStrike (CRWD) stock dropped 9% after hours despite beating Q1 earnings and announcing a 4-for-1 stock split. Analysts raise price targets. The post CrowdStrike (CRWD) Shares Tumble 9% Despite Strong Earnings and Stock Split Announcement appeared first on Blockonomi.

Shinhan Financial Group moves to join Canton Network governance as it seeks to expand Korean tokenized financial products overseas.

Israel’s latest voluntary disclosure program is drawing little participation from crypto holders, with new data showing that only a small share of undeclared digital‑asset wealth is being reported. Broad Underperformance Across All Assets Israel’s push to surface undeclared cryptocurrency holdings is falling far short of expectations, with new data showing that taxpayers are largely avoiding […]

Goldman Sachs in Major Blockchain Push Big banks are moving fast into digital assets. Goldman Sachs has joined hands with Apex Group and Archax to create a new tokenized real estate fund. This move brings traditional finance and blockchain together […] The post Goldman Sachs Launches Tokenized Real Estate Fund in Major Blockchain Push appeared first on Blockmanity.

Goldman Sachs has joined a group of financial and digital asset firms that have launched a tokenized real estate fund, adding another institutional-backed project to a market that has gained momentum across property investing. According to a Thursday announcement, Goldman…

The Hanoi police have initiated testing of AI-powered drones for traffic monitoring and control, developed by Vietnamese companies MiSmart JSC and Gtel Robot JSC. The drones transmit real-time video to the command center and officers' mobile devices. They operate at an altitude of 50 meters with a flight corridor of 20 meters.

AI-driven regulation of synthetic DNA could reshape biotech markets, favoring larger firms and biosecurity tech, while challenging decentralized science. The post OpenAI and Anthropic urge Congress to regulate synthetic DNA sales as AI lowers bioweapon barriers appeared first on Crypto Briefing.

TSMC's expansions in Japan and Germany highlight a strategic shift towards regional semiconductor production, reducing reliance on Taiwan. The post TSMC CEO announces capacity expansions in Japan and Germany to meet growing chip demand appeared first on Crypto Briefing.

Quantinuum's IPO success highlights growing investor confidence in quantum computing, potentially accelerating industry innovation and competition. The post Quantinuum raises $1.68B in IPO, putting quantum computing’s commercial future to the test appeared first on Crypto Briefing.

PI crashed 10% this week. Will the key support hold? PI Network (PI) Price Predictions: Analysis Key support levels: $0.13, $0.10 Key resistance levels: $0.16, $0.20 Market Crash Sends PI to Key Support This week, PI set a new record low after crashing by 10%. This has driven the price to the $0.13 key support […]

Charles Edwards warns a 28% quantum discount is suppressing Bitcoin price discovery due to developer inertia.

• #bitcoin

Leaders from OpenAI, Anthropic, Google DeepMind, and Microsoft AI have signed an open letter calling for mandatory legislative checks on clients and orders from synthetic DNA and RNA suppliers, according to WIRED. The publication reports that the appeal was supported by Sam Altman (OpenAI), Dario Amodei (Anthropic), Demis Hassabis (Google DeepMind), and Mustafa Suleyman (Microsoft AI). The agreement also includes scientists, national security experts, and representatives from the gene synthesis industry. The initiative's authors proposed that suppliers be required to screen orders for synthetic nucleic acids and maintain records of such transactions. The letter specifically emphasizes the need for client identity verification and equipment control. The appeal notes that the rapid development of AI reduces "knowledge barriers," potentially allowing malicious actors to use neural networks to design dangerous pathogens and toxins, bypassing previous restrictions. Order screening is described as one of the most effective and "least burdensome" ways to mitigate biological threats. WIRED highlighted that some companies, such as Twist Bioscience, voluntarily conduct such checks as part of an industry consortium, yet no unified federal regulations exist in the US. Earlier, a bipartisan bill was introduced in the Senate to require all gene synthesis providers in the country to screen their counterparts for ties to terrorist organizations or attempts to recreate dangerous viruses. In June 2025, one of the largest medical charities, Wellcome Trust, allocated £10 million to launch the world's first project to create parts or even entire DNA from scratch.

Arthur Hayes sold HYPE and NEAR after a $100K bet, citing energy prices, AI IPOs and political risk as markets near a possible top.

AI is set to boost productivity and economic growth, dispelling fears of widespread job loss. The post David Solomon: AI will enhance productivity without causing job loss, the importance of human interaction in finance, and the evolving landscape of entry-level jobs | Odd Lots appeared first on Crypto Briefing.

AI's dual nature challenges ethical boundaries while offering tools to synthesize wisdom for global peace. The post Jamie Metzl: AI’s ethical challenges in rule-making, its potential to extract universal principles, and the necessity of human collaboration | Jordan Harbinger appeared first on Crypto Briefing.

XRP might lose the historic threshold way sooner than anticipated.

WISeKey (WKEY) stock falls as WISeSat files amended SEC forms for Nasdaq listing under WSAT ticker through SPAC combination with Columbus Acquisition. The post WISeKey (WKEY) Shares Drop as WISeSat Progresses Toward Nasdaq Launch Under WSAT Symbol appeared first on Blockonomi.

XRP is down 9% on the weekly chart! Can the support at $1 stop the downtrend? Ripple (XRP) Price Predictions: Analysis Key support levels: $1 Key resistance levels: $1.4, $1.6, $2 Downtrend Resumes After three months of XRP moving sideways to form a large pennant, the price finally fell below it. With this latest drop, […]

The mixed-party general election could reshape California's political landscape, influencing future bipartisan strategies and voter dynamics. The post Katie Porter out of California governor race, Becerra advances appeared first on Crypto Briefing.

Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the broader technical setup remains bearish for BTC.

• #bitcoin

Bitcoin is trading above $65,000 after a 12% breakdown over two days that erased weeks of recovery progress and forced a reassessment of the market’s structural integrity. The speed of the decline was alarming — but XWIN Research Japan has published an on-chain analysis that looks beneath the price action and identifies signals that complicate […]

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The potential resolution of US-Iran tensions could stabilize global oil markets, impacting energy prices and indirectly influencing crypto volatility. The post Trump says Iran negotiations progressing well, flags potential weekend updates appeared first on Crypto Briefing.

Quantinuum's IPO success signals growing investor confidence in quantum computing, potentially accelerating innovation and market expansion. The post Quantinuum raises $1.68B in upsized IPO, lands $15.6B valuation as quantum computing goes public appeared first on Crypto Briefing.

Broadcom (AVGO) shares fell 6.1% after earnings despite beating estimates with $22.19B revenue and 143% AI growth. Q3 guidance disappointed Wall Street. The post Why Broadcom (AVGO) Stock Dropped 6% Despite Crushing Earnings and AI Revenue Surge appeared first on Blockonomi.

The ceasefire's success could stabilize regional tensions, impacting crypto markets and potentially altering Lebanon's economic reliance on stablecoins. The post Israel and Lebanon agree to ceasefire contingent on Hezbollah withdrawal from South Litani appeared first on Crypto Briefing.

Rising geopolitical tensions and oil prices could hinder economic growth, complicate monetary policy, and challenge crypto market stability. The post Wall Street pulls back from record highs as Middle East tensions rise and crude prices climb appeared first on Crypto Briefing.

XRP trades near $1.18 after a 5.56% drop as whale selling, ETF outflows and weak technical signals put $1.10 and $0.84 in focus for traders.

Bitdeer (NASDAQ: BTDR) has started construction on a vertically integrated energy and computing facility in Alberta, advancing a project that reflects how bitcoin miners are increasingly pairing data centers with dedicated power generation as demand from AI workloads reshapes the market for electricity and digital infrastructure. This article first appeared in The Energy Mag. The […]

This incident could undermine trust in prediction markets, potentially deterring future participants and affecting market integrity. The post Polymarket accused of changing settlement rules to void winning bet on Strategy Bitcoin sale appeared first on Crypto Briefing.

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Wyoming Governor Mark Gordon has signed the executive order "Data Centers the Wyoming Way," establishing a framework for the development of data centers in the state. The order mandates authorities to prepare implementation recommendations within 60 days and sets requirements for the protection of water resources, local community interests, and natural areas.

TSMC (TSM) stock declined 1.7% after CEO warned AI chip demand will exceed supply for years. Details on US expansion and High-NA EUV technology plans. The post Taiwan Semiconductor (TSM) Stock Drops as CEO Projects Years-Long AI Chip Supply Shortage appeared first on Blockonomi.

A rare 25 BTC Casascius physical coin worth $1.78M was unsealed June 2 after 12 years. Only 0.01 BTC moved—here's why collectors are watching closely. The post Collector Unseals $1.78M Casascius Physical Bitcoin After 12-Year Dormancy appeared first on Blockonomi.

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The U.S. Treasury's Bitcoin Reserve plan and CLARITY Act push could redefine crypto regulation, boosting market confidence and Bitcoin's appeal. The post US Treasury to establish Bitcoin Reserve, urges CLARITY Act approval appeared first on Crypto Briefing.

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Charles Schwab has significantly expanded its footprint in the digital asset derivatives market by launching 24/7 cryptocurrency futures trading on its popular thinkorswim platform.

Bitcoin has fallen more than 16% over the past month even as the S&P 500 has gained 5%, a divergence that Charles Schwab says is being driven less by crypto-specific problems and more by investors chasing opportunities elsewhere. According to…

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The potential end of the ceasefire could escalate US-Iran tensions, impacting regional stability and complicating US domestic politics. The post President Trump considers ending Iran ceasefire if US troops killed appeared first on Crypto Briefing.

OpenAI's distancing from lobbying highlights the growing influence and strategic convergence of AI and crypto in shaping future regulations. The post OpenAI CEO Sam Altman distances firm from lobbying efforts during Capitol Hill visit appeared first on Crypto Briefing.

Alphabet's massive AI investment signals a tech arms race, potentially reshaping global AI infrastructure and impacting market dynamics. The post Alphabet raises $84.75B in upsized equity offering to fund massive AI buildout appeared first on Crypto Briefing.

Treasury Secretary Bessent confirms US Bitcoin reserve progress and pushes Senate to pass CLARITY Act. Current holdings valued at $215 billion. The post Treasury Secretary Confirms Progress on Bitcoin Reserve, Calls for Senate Action on CLARITY Act appeared first on Blockonomi.

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Hyperliquid (HYPE) reaches all-time highs above $74 as Grayscale launches HYPG ETF. Three US ETFs attract $136M+ in inflows amid record platform volume. The post Hyperliquid (HYPE) Surges Past $74 as Grayscale ETF and Institutional Demand Fuel Rally appeared first on Blockonomi.

On June 4, the price of the leading cryptocurrency fell to $61,351. Amid the negative trend, the market faced a massive wave of long position liquidations. Hourly chart of BTC/USDT on Binance. Source: TradingView. At the time of writing, digital gold is trading at $63,581.  Following Bitcoin, altcoins also entered the "red zone": Ethereum tested values below $1800, Solana dropped to $69, and XRP was trading at $1.17. Source: CoinMarketCap. In the past 24 hours, the volume of forcibly closed positions in the market amounted to about $1.63 billion, with the majority being longs — $1.38 billion. Source: CoinGlass. Delta Exchange analyst Riya Segal, in a comment for The Economic Times, linked the sell-off to a combination of factors: ongoing outflows from spot Bitcoin-ETF, geopolitical instability, and the breach of key support levels, which triggered a cascade of liquidations. Experts at CoinDesk noted that the $65,000 zone served as an important technical threshold. Holding below this mark opens the way for testing the $60,000 level. Simultaneously, on the Deribit options exchange, there was a surge in interest in put positions with strikes at $50,000, $55,000, and $65,000, expiring at the end of June.  Additional pressure on the market is exerted by the movement of institutional demand. On June 3, U.S. spot Bitcoin ETFs recorded a net outflow of $396.6 million. The continuous negative trend has persisted since May 15, marking the 13th consecutive session. Source: SoSoValue. Giottus CEO Vikram Subburaj emphasized that the lack of capital inflow into funds deprived the asset of support that contributed to growth earlier in the year. On June 2, Bitcoin fell below $70,000 amid increasing ETF outflows.

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Bitcoin drops 16% as investors shift capital to AI stocks and IPOs. ETF outflows surge while analysts caution about potential further declines ahead. The post Bitcoin (BTC) Loses Ground as AI Stocks and IPOs Capture Investor Interest appeared first on Blockonomi.

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The lawmakers are also asking the FTC for information on whether it has plans to take investigative or enforcement action against prediction markets for possible deceptive practices.

Maelstrom predicts the WLD token will reach $5 by August, a gain of around 900% from current levels.

Strategy has about $900 million sitting in its USD reserve account, even as its stock takes a beating on Wall Street following the company’s first Bitcoin sale in years. Stock Slides As Investors Grow Uneasy MSTR shares dropped more than 9% on Tuesday, June 2, and are now down nearly 25% over the past month. […]

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Zcash (ZEC) trades at $619 after a network halt, with shielded supply hitting record highs and 30-day gains reaching 45%. What's driving the rally? The post Zcash (ZEC) Surges 6% Despite 3-Hour Network Halt — What’s Behind the Rally? appeared first on Blockonomi.

Ethereum price trades near $1,778 after a 5% drop as RSI turns oversold, $1,825 fails and analysts watch $1,700 and $1,500 as next support levels.

The XRP ETFs were in the red as well yesterday for the first time in over a month.

The surge in defense orders highlights escalating military-industrial activity, impacting global security dynamics and regulatory landscapes. The post Pentagon reports 53% surge in defense orders amid Iran conflict appeared first on Crypto Briefing.

Ethereum's transaction surge highlights the network's growing utility and resilience, despite ETH's stagnant price, underscoring crypto's complex dynamics. The post Ethereum processes $9.92B in transactions on June 2, marking two-month high appeared first on Crypto Briefing.

Ark Invest's strategic focus on AI infrastructure highlights a long-term commitment to tech innovation, influencing market dynamics and investor sentiment. The post Ark Invest buys 267,582 shares of Google in $96M bet on Alphabet’s AI future appeared first on Crypto Briefing.

Senator Cynthia Lummis has indicated that the Senate could take until August to complete work on the CLARITY Act as lawmakers continue assembling the final version of the crypto market structure bill. Speaking with journalist Eleanor Terrett, Lummis said a…

Bitmine announces $300M preferred stock offering with 9.5% annual yield, mirroring Strategy's successful model as Ethereum prices hit 14-month lows. The post Bitmine Unveils $300M Preferred Stock Plan With 9.5% Dividend, Following Strategy’s Blueprint appeared first on Blockonomi.

Bitcoin drops under $62K triggering $1.5B crypto liquidations. Stock futures fall on Iran war concerns as Broadcom earnings miss expectations. The post Bitcoin (BTC) Plunges Below $62K as Markets React to Geopolitical Tensions and ETF Outflows appeared first on Blockonomi.

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Revolut is pursuing a U.S. banking charter to offer FDIC-insured deposits, stablecoins, and stock trading. Learn about the OCC application and launch plans. The post Revolut Eyes U.S. Banking License to Deliver Stablecoins and Federal Deposit Insurance appeared first on Blockonomi.