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news.bitcoin.com Bhutan Offloads 738 Bitcoin Worth $44.88M as Sovereign Drawdown Meets a $60K BTC

The Royal Government of Bhutan has shifted another 738 bitcoin worth roughly $44.88 million on June 6, extending a months-long drawdown of the Himalayan kingdom’s state BTC reserves. A Repeated Pattern of State Transfers Government-linked wallets have moved bitcoin repeatedly through 2026, with all of the activity managed through Druk Holding and Investments (DHI), the […]

blockonomi.com ARMA Bill Proposes U.S. Strategic Bitcoin Reserve With 1M BTC Acquisition Framework

TLDR: ARMA would create a Treasury-managed Strategic Bitcoin Reserve with nationwide cold storage facilities. The bill authorizes purchases of 200,000 BTC yearly, targeting 1 million Bitcoin over five years. All reserve Bitcoin would face a mandatory 20-year holding period before any potential release. Quarterly proof-of-reserve reports and independent audits would increase public transparency. The publication [...] The post ARMA Bill Proposes U.S. Strategic Bitcoin Reserve With 1M BTC Acquisition Framework appeared first on Blockonomi.

cryptobriefing.com SEC outlines priorities for tokenized securities and SEC-CFTC harmonization at Piper Sandler conference

The SEC's strategic focus on tokenized securities and regulatory harmonization could accelerate digital asset innovation and market integration. The post SEC outlines priorities for tokenized securities and SEC-CFTC harmonization at Piper Sandler conference appeared first on Crypto Briefing.

bitcoinist.com Altcoins Lose $520 Billion Amid Sustained Market Struggles – Details

Seasoned analyst Darkfost reports that altcoins remain in a precarious market position, especially following recent global financial losses. For context, over $1 trillion was wiped out of US financial markets on Friday due to weak sentiment around AI and semiconductor stocks. The widespread decline encompassed losses of 2.6% in the S&P 500, 4.7% in the […]

blockonomi.com Aster Crypto Falls 7.7% as Hyperliquid Faces Token Unlock Selling Pressure

TLDR: Aster crypto fell 7.7% to around $0.62 as broader market weakness triggered heavy selling pressure. CZ stated that Aster and Hyperliquid serve different trading needs rather than direct competition. Hyperliquid faced added pressure after a $700 million token unlock increased circulating supply. Arthur Hayes exited his HYPE position as the token retreated from its [...] The post Aster Crypto Falls 7.7% as Hyperliquid Faces Token Unlock Selling Pressure appeared first on Blockonomi.

blockonomi.com ZachXBT Questions Arthur Hayes Over Worldcoin Exit and Token Trading Pattern Shift

TLDR: ZachXBT questioned Arthur Hayes over WLD exit after prior bullish statements and price targets. Hayes sold Worldcoin shortly after public endorsements, triggering scrutiny over timing and intent signals. The debate centers on whether public calls influenced retail entry before liquidity exits occurred in markets. Hayes defended trades, stating he sold at market price to [...] The post ZachXBT Questions Arthur Hayes Over Worldcoin Exit and Token Trading Pattern Shift appeared first on Blockonomi.

news.bitcoin.com NY Court Pauses Default Judgment After Lawyer Argues 39,069 Bitcoin Wallets Were Not Abandoned

A New York attorney intervened to stop what could have been the largest courtroom judgment in bitcoin in history, filing an amicus brief that persuaded a judge to freeze proceedings targeting nearly 40,000 dormant wallets collectively holding an estimated 3.8 million BTC. 2011-Era Coins Are Moving The legal battle is unfolding alongside a wave of […]

blockonomi.com Gold Prices Erase 2026 Gains as Safe-Haven Rally Unravels

TLDR: Gold prices fell to a three-month low, wiping out all gains recorded during the 2026 rally. Strong US jobs data reduced rate-cut expectations, adding pressure on non-yielding assets. Silver followed gold lower, extending losses after a powerful rally earlier in the year. Markets now await June inflation data, which could shape the next move [...] The post Gold Prices Erase 2026 Gains as Safe-Haven Rally Unravels appeared first on Blockonomi.

blockonomi.com Gate Sees $30M Equity Trading Surge as Tokenized Stocks Drive Crypto Market Convergence

TLDR: Gate recorded multiple equity trading spikes, with volumes approaching $30M over a three-month period. Investors are rotating between crypto and equities as exchanges unify multi-asset trading ecosystems globally. AI-driven market narratives are accelerating demand for tokenized exposure to tech and semiconductor stocks. Major platforms like Binance, Coinbase, and Crypto.com are scaling tokenized stock infrastructure [...] The post Gate Sees $30M Equity Trading Surge as Tokenized Stocks Drive Crypto Market Convergence appeared first on Blockonomi.

bitcoinist.com Zcash Suffers Historic Collapse As Billions Vanish From Market Value

The cryptocurrency market was shaken by a dramatic collapse in Zcash price, with the privacy-focused digital asset losing more than half of its value in just 24 hours. This sudden decline erased billions of dollars from its market capitalization, making it one of the most significant single-day drawdowns seen in the sector this year. What […]

news.bitcoin.com Ethereum Co-Founder Joseph Lubin’s Wallet Stirs After 3 Years, Moving 80,001 ETH Worth $121.6M

A wallet linked to Ethereum co-founder Joseph Lubin transferred 80,001 ether, after more than three years of inactivity. The movement landed as ETH changed hands at a local low of $1,520 earlier this week. A Long-Dormant Wallet Wakes Up The wallet still holds 243,300 ETH worth roughly $370 million, and the 80,001 ETH that exited […]

news.bitcoin.com Bhutan Offloads 738 Bitcoin Worth $44.88M as Sovereign Drawdown Meets a $60K BTC

The Royal Government of Bhutan has shifted another 738 bitcoin worth roughly $44.88 million on June 6, extending a months-long drawdown of the Himalayan kingdom’s state BTC reserves. A Repeated Pattern of State Transfers Government-linked wallets have moved bitcoin repeatedly through 2026, with all of the activity managed through Druk Holding and Investments (DHI), the […]

blockonomi.com Zcash’s Orchard Vulnerability Leaves Users Unable to Verify ZEC Circulating Supply, Says Zooko Wilcox

TLDR: Zooko Wilcox confirms users cannot independently verify if ZEC supply was hit by the Orchard flaw. The Ironwood upgrade would create a new shielded pool using the patched Orchard circuit upon activation. Turnstile mechanisms will block any excess ZEC from exiting the old Orchard pool after Ironwood activates. Wilcox says exploitation is unlikely but [...] The post Zcash’s Orchard Vulnerability Leaves Users Unable to Verify ZEC Circulating Supply, Says Zooko Wilcox appeared first on Blockonomi.

blockonomi.com Peter Schiff Warns Bitcoin Could Crash to $30K as Market Faces Rising Bearish Pressure

TLDR: Peter Schiff warns Bitcoin could plunge to $30,000 if sellers force a decisive break below $50,000. Bitcoin’s RSI dropped below 30, highlighting extreme bearish momentum and oversold market conditions. Prediction markets assign an 83% probability that Bitcoin trades below $55,000 during 2026. BTC remains trapped between $60K and $61.8K as traders await a breakout [...] The post Peter Schiff Warns Bitcoin Could Crash to $30K as Market Faces Rising Bearish Pressure appeared first on Blockonomi.

blockmanity.com Alaska Lawmaker Backs Trump Crypto Push While Families Face Rising Costs

Alaska faces tough times with higher prices on food, homes, and fuel. Yet one lawmaker is using his time to back a new crypto bill instead of fixing these daily problems. What Is the American Reserve Modernization Act? The bill […] The post Alaska Lawmaker Backs Trump Crypto Push While Families Face Rising Costs appeared first on Blockmanity.

news.bitcoin.com Zcash to Worldcoin: ZachXBT Says Arthur Hayes Turned 4 Token Calls Into ‘Exit Liquidity’

Onchain investigator ZachXBT accused BitMEX co-founder Arthur Hayes of turning his own audience into “exit liquidity,” saying Hayes most recently promoted Worldcoin token (WLD) and then sold it shortly afterward, capping a roughly 15-day stretch in which he exited four publicly hyped positions. A Familiar Sequence of Hype and Exit ZachXBT leveled the charge in […]

bitcoinist.com The Next Bitcoin ETF Boom May Be Coming From Japan – Here’s Why

The US Spot Bitcoin ETFs are experiencing a sustained bearish performance, especially as the premier cryptocurrency succumbs to another wave of correction. Recent data suggest that these ETFs recorded 13 consecutive trading days of net outflows between Mid-May and early June, with investors pulling out about $4.33 billion. Nevertheless, these assets still boast of net […]

blockonomi.com B Long-Term Holders Shift to Accumulation as $60K Support Faces Test

TLDR: Glassnode data shows Bitcoin long-term holders shifting from distribution to re-accumulation phase Bitcoin tests $60K support while RSI nears 15, signaling oversold momentum conditions now Price structure shows lower highs and potential double-bottom forming near key support zone Reduced liquid supply from long-term holders may strengthen price response if demand remains stable Bitcoin is [...] The post B Long-Term Holders Shift to Accumulation as $60K Support Faces Test appeared first on Blockonomi.

blockonomi.com Beyond Bitcoin’s Price: Why BitMEX Research Defends Michael Saylor’s Strategy Model

TLDR: BitMEX Research disputes claims of $64B spent vs $50B BTC value, calling it an incomplete accounting view Strategy raised capital via premium stock issuance, boosting shareholder value beyond Bitcoin price Michael Saylor Bitcoin Strategy spans multiple cycles, combining cash, debt, and equity funding Debate centers on valuation method, not BTC holdings, amid volatile crypto [...] The post Beyond Bitcoin’s Price: Why BitMEX Research Defends Michael Saylor’s Strategy Model appeared first on Blockonomi.

news.bitcoin.com Michael Saylor Sees 4 Bitcoin Ideologies Testing BTC’s Future

Bitcoin’s next chapter may be shaped by four competing visions for how the network should grow. Strategy Executive Chairman Michael Saylor’s framework argues that decisions around adoption, innovation, and decentralization could influence BTC’s role in the global financial system. 4 Bitcoin Camps Put BTC’s Future Path Under New Scrutiny Strategy (Nasdaq: MSTR) Executive Chairman Michael […]

blockonomi.com Senator Cynthia Lummis Calls CLARITY Act the Most Consequential Financial Legislation of This Generation

TLDR: Senator Cynthia Lummis describes the CLARITY Act as the most consequential financial bill today. The legislation establishes clear SEC and CFTC oversight rules for digital asset classification. Tokens meeting decentralization standards may transition from securities to commodities oversight. Senate negotiations continue on stablecoins, DeFi protections, and expanded crypto tax reporting CLARITY Act advances in [...] The post Senator Cynthia Lummis Calls CLARITY Act the Most Consequential Financial Legislation of This Generation appeared first on Blockonomi.

cryptobriefing.com Julian Jessop: Weak productivity growth since the financial crisis, the AI revolution will drive economic expansion, and excessive regulation hinders corporate performance | The Peter McCormack Show

AI advancements promise to boost productivity, challenging fears of an economic slowdown and improving living standards. The post Julian Jessop: Weak productivity growth since the financial crisis, the AI revolution will drive economic expansion, and excessive regulation hinders corporate performance | The Peter McCormack Show appeared first on Crypto Briefing.

blockonomi.com Solana RSI Drops Below FTX Crash Levels as SOL Faces Critical Support Test

TLDR: Solana RSI oversold signal falls below 2022 FTX-era lows as momentum weakens across charts SOL drops nearly 80% from highs, printing eight consecutive red monthly candles in trend URPD shows heavy supply concentration between $76 and $83, forming a strong resistance zone Key support zones emerge at $53, $35, and $24 as liquidity thins [...] The post Solana RSI Drops Below FTX Crash Levels as SOL Faces Critical Support Test appeared first on Blockonomi.

cryptobriefing.com Bitcoin Standard Treasury Company nears SPAC merger completion with Cantor Equity Partners by month-end

The merger could set a precedent for Bitcoin as a direct investment vehicle in public markets, potentially reshaping financial strategies. The post Bitcoin Standard Treasury Company nears SPAC merger completion with Cantor Equity Partners by month-end appeared first on Crypto Briefing.

blockonomi.com XRP Dominates South Korea’s Bitcoin Seoul Despite 15% Price Decline

TLDR: XRP South Korea trading leads Upbit volumes, surpassing BTC and ETH in active daily market participation South Korean retail investors continue driving XRP demand despite broader crypto market weakness and volatility XRP/KRW fell about 15.2% weekly, forming lower highs and testing key support near the ₩1,650–₩1,700 zone Resistance levels for XRP South Korea now [...] The post XRP Dominates South Korea’s Bitcoin Seoul Despite 15% Price Decline appeared first on Blockonomi.

news.bitcoin.com Zcash Bug Discovered, Binance Predictions Trillions in Tokenized Equity Inflows, and More – Week In Review

Forward Industries moved $32 million in SOL to Coinbase Prime, reviving fears that the largest corporate Solana holder could add fresh sell pressure while sitting deep underwater. Zcash then faced a double blow as developers patched a critical counterfeit-minting bug and Arthur Hayes exited his position, deepening the selloff. Meanwhile, major U.S. banks explored tokenized […]

cryptobriefing.com J.P. Morgan upgrades Tesla to neutral, cites robotics and autonomous driving as long-term catalysts

J.P. Morgan's shift signals a broader market recognition of Tesla's potential in robotics and autonomy, despite existing execution and regulatory challenges. The post J.P. Morgan upgrades Tesla to neutral, cites robotics and autonomous driving as long-term catalysts appeared first on Crypto Briefing.

cryptobriefing.com Indonesia centralizes strategic commodity exports under Danantara Sumberdaya Indonesia control from June 1

Indonesia's centralized export control could reshape global commodity markets, boosting state revenue but potentially raising import costs. The post Indonesia centralizes strategic commodity exports under Danantara Sumberdaya Indonesia control from June 1 appeared first on Crypto Briefing.

blockonomi.com USDT Flipping ETH: What It Means for Stablecoins and Neobanks

TLDR: USDT flipping ETH marks a shift from speculative crypto assets to demand for stable dollar liquidity. The stablecoin market grew 30x in five years, expanding from under $10B in 2020 to over $300B today. Visa, Mastercard, and MoneyGram are integrating stablecoins into live settlement and payment networks. Neobanks building on stablecoin rails can offer [...] The post USDT Flipping ETH: What It Means for Stablecoins and Neobanks appeared first on Blockonomi.

news.bitcoin.com ‘Fiat Is a Sham’: Hunter Biden Goes Viral With Explosive Praise for Crypto and Blockchain

After criticizing the Donald Trump Administration’s actions on social media, Biden stressed that it would use Hyperliquid as a tool to fight the Democrats’ anti- crypto army. He also stated that Andreas Antonopoulos’ book opened his eyes to crypto and that politicians underestimated crypto’s true value. Hunter Biden Talks Crypto on Social Media Hunter Biden, […]

news.bitcoin.com Bitcoin Risks $55K Slide as Analyst Doubles Down on $100K Target

Bitcoin is testing a critical support area as investors assess whether the $60,000 level can hold. A strategist said a break lower could bring $55,000 into focus, while maintaining support could help preserve the case for a $100,000 year-end target. Why Bitcoin’s Key Support Zone Could Define the Next Market Move Bitcoin could revisit $55,000 […]

forklog.media Ethereum Co-Founder Transfers 110,000 ETH to MakerDAO

A wallet associated with Ethereum co-founder and Consensys CEO Joseph Lubin transferred 110,000 ETH to Maker to bolster the collateral of a debt position with approximately 259 million DAI, reports The Block. According to on-chain trackers, the address initially deposited 80,000 ETH, followed by an additional 30,000 ETH amid a decline in ETH price and increased liquidation risk.

cryptobriefing.com Andrew Feldman: Going public creates unnecessary burdens, military contracts drive 60% of Planet’s revenue, and space-based data centers could revolutionize computing | All-In Podcast

Space-based computing could revolutionize industries, potentially generating trillions in revenue within the next decade. The post Andrew Feldman: Going public creates unnecessary burdens, military contracts drive 60% of Planet’s revenue, and space-based data centers could revolutionize computing | All-In Podcast appeared first on Crypto Briefing.

news.bitcoin.com South Korean Traders Push Bitcoin Into Its Deepest Discount Since 2021

As bitcoin slipped to a 2026 low of $59,100, market data reveals that BTC priced against the South Korean won has been changing hands at a discount. In fact, the Kimchi premium has vanished, and bitcoin has been trading below global market prices in South Korea for nearly a month. Nearly a Month of Discounts […]

blockonomi.com Bitcoin and the Fed Chair Curse: Will the Warsh Transition Break the Pattern?

TLDR: Bitcoin dropped 83%, 84%, and 77% following the last three Federal Reserve leadership transitions. New Fed chairs typically adopt hawkish rhetoric early, tightening liquidity and pressuring risk assets. The Fed ended quantitative tightening in December 2025 and resumed short-term Treasury purchases. Warsh’s hawkish history and renewed inflation signals cloud hopes for dovish policy at [...] The post Bitcoin and the Fed Chair Curse: Will the Warsh Transition Break the Pattern? appeared first on Blockonomi.

bitcoinist.com Solana Price Below $65 For The First Time Since 2023: Crucial Levels To Watch

The Solana price unsurprisingly crumbled under the weight of the bears, as the general cryptocurrency market saw a wave of downward pressure over the past week. The altcoin crashed towards the $60 mark on Friday, June 5th, its lowest price level since late 2023. Given the strength of this recent bearish move, market expectations are […]

cryptopotato.com Ethereum Price Prediction: Will ETH Dump Toward $1K Next?

Ethereum has entered a decisive bearish phase after losing multiple high-timeframe support levels in a matter of days. The latest sell-off pushed ETH through a major confluence zone that had previously acted as support throughout the first half of the year, placing the market at a critical juncture where buyers must defend lower demand levels […]

blockonomi.com Arthur Hayes Crypto Picks Crash as Worldcoin Holds Key $0.40 Support

TLDR: Arthur Hayes-linked token picks posted major corrections, with ZEC leading losses above 61%. WLD, HYPE, NEAR, and ZEC attracted strong retail interest before sharp market reversals. Social media debate intensified following claims surrounding Hayes’ reported WLD position exit. WLD is testing a major demand zone that could determine its next directional move. Arthur Hayes [...] The post Arthur Hayes Crypto Picks Crash as Worldcoin Holds Key $0.40 Support appeared first on Blockonomi.

themerkle.com F2Pool Co-Founder Chun Wang Withdraws $29M in ETH From Binance

Chun Wang is making a move the market cannot ignore. The F2Pool co-founder, one of the most recognized names in crypto mining and infrastructure, has withdrawn 17,560 ETH worth approximately $28.67 million from Binance over the past 16 hours, and the timing of that withdrawal is what makes it worth paying close attention to. On-chain data tracked through Arkham Intelligence shows the wallet linked to Wang pulling that volume off the exchange at a moment when Ethereum is sitting right at the critical $1,500 support level. That is not a casual price zone to be making a $29 million move The post F2Pool Co-Founder Chun Wang Withdraws $29M in ETH From Binance appeared first on The Merkle News.

themerkle.com Zcash Proposes Ironwood, A New Shielded Pool to Restore Supply Verification After Orchard Vulnerability

Zcash’s core development teams are not waiting around. Following the discovery and emergency remediation of a critical counterfeiting vulnerability in the Orchard shielded pool, ZODL, working alongside Tachyon, Valar Group, the Zcash Foundation, and Shielded Labs, has formally proposed Ironwood, a new shielded pool designed to restore every user’s ability to independently verify that Zcash’s circulating supply is sound. The proposal landed via ZODL’s official X account and targets activation for late July 2026, following the zcash end-of-support at block height 3,417,100. The proposal is backed by formal verification, independent audits, and AI-assisted security review, a significantly more rigorous assurance The post Zcash Proposes Ironwood, A New Shielded Pool to Restore Supply Verification After Orchard Vulnerability appeared first on The Merkle News.

news.bitcoin.com Goldman Sachs, Apex Group, and Archax Build Institutional Tokenized Real Estate Fund

Goldman Sachs has launched a blockchain-native tokenized real estate fund on its GS DAP platform, partnering with Apex Group, Archax, LRC Group, and Ownera to bring regulated onchain share issuance to European real estate investors. The fund, formally structured as the LRC Tokenized Real Estate Fund SCSp, SICAV-RAIF, is domiciled in Luxembourg and distributed across […]

forklog.media Dormant Bitcoin Wallet from $285 Billion Lawsuit Activates After 14 Years

A Bitcoin address holding 35.55 BTC, inactive since March 2011, transferred 15 BTC to a new wallet on June 2, leaving 20.55 BTC as change. According to CoinDesk, the address is among 39,069 defendants in a New York lawsuit where plaintiffs are attempting to claim rights to approximately 3.8 million BTC, valued at around $285 billion, asserting these are lost assets.

news.bitcoin.com Bitcoin ETFs Bleed $326M as BTC Sinks to $59K and Ether Slides Toward $1,500

U.S. spot bitcoin exchange-traded funds (ETFs) recorded $326 million in net outflows on June 5, while U.S. spot ether ETFs lost $5.97 million. The fresh redemptions resumed selling pressure barely a day after both products had snapped long outflow streaks. Outflows Return After a Brief Reprieve Spot ETFs are regulated funds that hold bitcoin or […]

blockonomi.com Hyperliquid Revenue Rebounds Above $20M as Open Interest Hits 7.9% Record

TLDR: Hyperliquid weekly revenue returns above $20.22M after months of $8M–$15M consolidation range phase shift. Open interest share climbs to 7.9%, marking record gain against centralized derivatives exchange competitors. Platform maintains $5.9B TVL with $222B monthly volume and strong perpetual futures trading activity levels. Annualized fees exceed $1.05B while revenue reaches $881M, driven by sustained [...] The post Hyperliquid Revenue Rebounds Above $20M as Open Interest Hits 7.9% Record appeared first on Blockonomi.

bitcoinist.com Bitcoin Reserves Resuscitation, Iran War Falls Into The Background, But What’s Going On With BTC?

Bitcoin has fallen to new lows in this bear cycle, dropping below the psychological $60,000 level. This comes amid the U.S.-Iran war, which has remained muted for a while. At the same time, U.S. Treasury Scott Bessent provided an update on the Strategic BTC Reserve.  Price Falls Amid Developments With Bitcoin Reserves BTC has fallen […]