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news.bitcoin.com Is Bitcoin Bottoming? MVRV Falls to 1.1, Entering the ‘Cheap Zone’ That Marked Every Major Low Since 2018

Bitcoin has slipped into what analysts call a “cheap zone,” with its market value to realized value (MVRV) ratio falling to 1.1, a 27-month low. A reading of this nature has historically preceded major market bottoms. A Reading Not Seen Since 2023 Cryptoquant analysts noted that bitcoin’s MVRV ratio has dropped to about 1.1, sitting […]

forklog.media Quantum Computing Firms Increasingly Opt for SPACs

Quantum computing companies are increasingly opting for SPACs to go public, as this approach allows them to lock in valuations earlier and disclose financial forecasts, unlike traditional methods. According to Lou Gerken, head of FIGX Capital Acquisition, the share of SPACs among all IPOs in the US rose from approximately 18% in 2024 to 40–45% in 2025 and nearly 60% in 2026. The success of such deals depends on an experienced team, a specialized sponsor, and PIPE financing.

forklog.media Yuga Labs Rescues $500,000 Worth of NFTs

Yuga Labs conducted an emergency operation to extract 68 NFTs from vulnerable Flooring Protocol pools. The assets are temporarily held by the company and are planned to be returned after a resolution is agreed upon with the protocol developers, stated project CEO Michael Figge. We’ve just finished a whitehat operation on an exploit discovered in Flooring Protocol.Now safely in the custody of Yuga Labs:29 bored apes4 mutant apes1 bakc2 cryptopunks1 azuki2 elementals26 captains1 moonbird2 doodles@0xQuit, our VP of Blockchain recovered the…— figge (@mfigge) June 8, 2026 The operation saved the following assets: 29 Bored Ape Yacht Club (BAYC); 2 CryptoPunks; 4 Mutant Ape Yacht Club (MAYC); 1 Bored Ape Kennel Club (BAKC); 1 Azuki and 2 Elementals; 26 Captains; 1 Moonbird; 2 Doodles. Yuga Labs' Vice President of Blockchain, known as 0xQuit, reported that the market value of the extracted tokens exceeds $500,000. The operation also involved a researcher by the nickname coffeedev and the platform GrailsOTC, which provided liquidity for the asset transfer. A Flooring exploit today turned a dust amount of WETH into a near-infinite fpToken balance, allowing the attacker to drain Flooring pools.This led to a followup opportunist scooping up tokens from the now depleted pools and exchanging them for underlying NFTs.1/🧵— Quit (@0xQuit) June 8, 2026 The vulnerability was found in the token accounting logic of the BT404 standard style. Due to integer underflow errors, attackers could create a "phantom ownership" state, gain an unlimited fpToken balance, and deplete liquidity pools. Developers of Flooring Protocol acknowledged that the bug was missed during checks due to overly optimized bit-level code. The project team is currently working on a fix to allow Yuga Labs to safely return the assets to their rightful owners. Market Context The incident occurred amid stagnation in the non-fungible token segment. According to CoinGecko, the total market capitalization is $1.42 billion. Source: CoinGecko. There is a high concentration of capital in the largest collections: CryptoPunks — $546.7 million; Bored Ape Yacht Club — $153 million; Pudgy Penguins — $74.7 million. Back in January, Animoca Brands co-founder Yat Siu dismissed the notion of the NFT market's demise and identified the driving force behind it.

blockonomi.com American Battery Technology (ABAT) Stock Soars 30% as DOE Restores $115M Lithium Refinery Funding

American Battery Technology (ABAT) stock surged 30% after successfully appealing the DOE's grant termination, restoring $115M in funding for its Nevada refinery. The post American Battery Technology (ABAT) Stock Soars 30% as DOE Restores $115M Lithium Refinery Funding appeared first on Blockonomi.

bitcoinist.com China Banned Bitcoin — Then One Of Its Highest Courts Just Ruled It’s Protected Property

China’s Supreme People’s Procuratorate published a landmark case on June 7 in which prosecutors in Qingdao successfully argued that Bitcoin qualifies as legally protected property under the country’s criminal law — sentencing a thief to nearly 11 years in prison for stealing 107 Bitcoin — in a ruling that creates a striking legal contradiction at […]

forklog.media Bernstein Describes Current Bitcoin Cycle as ‘Boring’

The $2.6 billion outflow from US spot bitcoin ETFs since the start of 2026 and the market's 'boring' performance do not undermine the thesis of the leading cryptocurrency as a store of value. This is according to a report by The Block, citing Bernstein. Experts led by Gautam Chhugani noted that the current cycle shows weaker dynamics compared to previous growth periods, yet the market structure remains healthy. They attributed the current volatility to limited liquidity and retail investors' interest in the AI sector, rather than a loss of faith in digital gold. Bernstein acknowledged that in short periods, the asset still correlates with risky instruments. Nevertheless, bitcoin adoption has expanded through institutional platforms, pension funds, and corporate treasuries. According to Glassnode, 61% of the market supply has remained inactive for over a year. Corporate purchases were identified as the main demand driver offsetting ETF outflows. Strategy plays a key role here, having raised $7.5 billion through preferred instruments in 2026 to purchase approximately 100,000 BTC. Currently, the company manages over 818,000 BTC, with the risk of forced sales considered minimal. Meanwhile, Glassnode analysts observed some market pressure: realized capitalization growth has slowed to nearly zero, and the share of supply in profit has decreased to 59.8%. Despite this, Bernstein maintains a bullish outlook. Back in April, Bernstein analysts identified $60,000 as a 'clear bottom' for bitcoin.

news.bitcoin.com One Week After Selling 32 BTC, Strategy Buys 1,550 More for $101 Million

Strategy has added 1,550 bitcoin to its treasury for approximately $101 million, bringing its total holdings to 845,256 BTC and its USD reserve to $1.0 billion. Executive Chairman Michael Saylor disclosed the purchase on X on June 8, 2026, sharing the company’s updated reserve figures. The announcement came exactly one week after Strategy’s first disclosed […]

bitcoinist.com Bitcoin Crash Says Liquidity Is Dying As May Job Report Comes Back With Staggering Numbers

Bitcoin’s weekend crash below $60,000 can be linked to a deeper meaning relating to the May 2026 jobs report that came in far stronger than expected.  The report from the US Department of Labor shows a resilient labor market, but it also complicated the liquidity that risk assets had been trying to price in, leaving […]

blockonomi.com BTC Drops 16% as $15B Binance Futures Selling Triggers Capitulation Wave

TLDR: Bitcoin dropped 16% this week as aggressive futures selling on Binance dominated price action. Binance recorded nearly $15B in futures sell volume on Friday alone, signaling mass capitulation. Spot Bitcoin ETFs posted $1.75B in net outflows, marking their worst weekly result since April 2025. Analyst Astronomer argues the four-year cycle bottom need not breach [...] The post BTC Drops 16% as $15B Binance Futures Selling Triggers Capitulation Wave appeared first on Blockonomi.

news.bitcoin.com South Korea Halts KOSPI Trading After 8.4% Crash Trips Circuit Breaker

South Korea’s KOSPI index plunged 8.4% on Monday, triggering a rare circuit breaker that froze trading for 20 minutes as a global semiconductor selloff battered Asian markets and rattled risk assets, including crypto. A Rare Trading Halt The Korea Exchange activated a Level 1 circuit breaker at 9:03 a.m. local time, suspending trading for 20 […]

cryptobriefing.com Jon: Venice prioritizes user privacy over data exploitation, aims to be a household AI brand, and focuses on usability for non-crypto users | Bankless

Venice redefines AI privacy by offering a user-friendly platform that shields personal data from tech giants. The post Jon: Venice prioritizes user privacy over data exploitation, aims to be a household AI brand, and focuses on usability for non-crypto users | Bankless appeared first on Crypto Briefing.

themerkle.com James Wynn Flips From Short to Max-Leverage Long on Bitcoin and Ethereum After Closing Profitable Short

James Wynn just changed direction. The named Hyperliquid whale, one of the most closely watched on-chain traders in the crypto derivatives space, has closed his Bitcoin and Solana short positions for a $6,400 profit and immediately pivoted to maximum leverage long positions on both Bitcoin and Ethereum. The move was captured and published by Lookonchain, one of the most reliable on-chain tracking accounts in the space, and the full position detail is visible through Hyperbot for anyone who wants to verify it directly. Wynn opened 6.05 BTC worth approximately $373,000 and 5.3 ETH worth approximately $8,500, both at maximum leverage. The post James Wynn Flips From Short to Max-Leverage Long on Bitcoin and Ethereum After Closing Profitable Short appeared first on The Merkle News.

themerkle.com Saylor Hints Strategy Is Buying the Bitcoin Dip as Corporate Crypto Treasuries Bleed Billions in Unrealized Losses

Michael Saylor is signaling that Strategy is not flinching. As Bitcoin tumbles and the broader market bleeds, the company’s founder is hinting at fresh accumulation, even as Strategy itself sits on over $11 billion in unrealized losses and a growing list of corporate crypto treasury holders watch their balance sheets crater in real time. Saylor took to X to signal that Strategy has either already begun buying Bitcoin during the current price dip or is preparing to do so at the start of the week. He framed it around the company’s core mission: grow net Bitcoin holdings and increase BTC The post Saylor Hints Strategy Is Buying the Bitcoin Dip as Corporate Crypto Treasuries Bleed Billions in Unrealized Losses appeared first on The Merkle News.

blockonomi.com Crypto Selloff Explained: Leverage, ETF Outflows, and Macro Pressure Hit at Once

TLDR: Bitcoin dropped from roughly $82,000 to the low-$60,000 range amid broad market selling pressure.  The crypto market has corrected nearly 53% from its peak as fear overtook sentiment rapidly. ETF outflows, Mt. Gox transfers, and macro uncertainty converged to trigger the sharp decline.  Analysts say the selloff reflects a leverage and sentiment reset, not [...] The post Crypto Selloff Explained: Leverage, ETF Outflows, and Macro Pressure Hit at Once appeared first on Blockonomi.

btcmanager.com One of the first free AI-powered smart platforms in 2026, offering sustainable daily passive income of $5,700

Market volatility drives interest in AI-powered platforms like XRPPower for digital asset management and analysis. The cryptocurrency market has experienced significant volatility in recent weeks. Affected by global macroeconomic uncertainty, changes in institutional fund flows, and declining investor risk appetite,…

forklog.media TechCrunch: Token-Based Payments Reshape AI Market

The shift of GitHub Copilot to token-based payments could signal a reevaluation of pricing and limits in the AI product market. This conclusion was drawn by TechCrunch following the Equity podcast. The discussion was prompted by changes in GitHub Copilot's pricing. Microsoft transitioned some users from a fixed subscription to a model based on the number of "building blocks" of processed information. A Reddit user described the situation as a "token-pocalypse" amid the sharp rise in AI tool expenses. In the podcast, TechCrunch editors Anthony Ha, Kirsten Korosec, and Sean O’Kane linked the potential price reevaluation to the high cost of developing and maintaining AI models. Ha noted that a significant portion of the market is still subsidized by investor capital, meaning some costs may eventually shift to end users. He assessed that companies like Anthropic, as they prepare for an IPO, will need to better explain to investors their path to reducing costs and achieving profitability. O’Kane cited Uber as an example. He mentioned that the company quickly exhausted its budget for AI tools and subsequently began restricting internal use. He doubted that model developers could reduce technology costs quickly enough to align with customers' willingness to pay. Korosec added that pricing approaches in the AI sector are changing too rapidly. In her view, the "token-maxing" trend became noticeable within a few months and has irritated the market. She also pointed to increased regulation in the US: On June 2, 2026, President Donald Trump signed an order allowing authorities to inspect powerful AI models before public release, as mentioned in the discussion. In May, Gartner analysts forecasted AI spending to grow to $2.59 trillion in 2026.

forklog.media ZEC Surges 41.5% Following Critical Network Vulnerability

Josh Swihart, founder of Zcash Open Development Lab (ZODL), announced the resolution of a critical vulnerability in the Orchard shielded pool. Following this, the asset's prices began to recover from a significant decline. https://t.co/9gaPMvTc9G— Josh Swihart 🛡 (@jswihart) June 7, 2026 According to Swihart, the fix was implemented in two phases. Initially, the team conducted a soft fork to temporarily disable transactions in Orchard. This reduced the risk of bug exploitation without prematurely disclosing technical details. The second phase was the NU6.2 hard fork, activated on June 3. After the update, the pool's functionality was fully restored. The critical flaw in the Proof-of-Concept scheme of Orchard was discovered by independent researcher Taylor Hornby during an audit for Shielded Labs. The bug theoretically allowed for unlimited fake issuance of ZEC. However, Shielded Labs stated that actual exploitation of the vulnerability was unlikely. Following the disclosure on June 4, the price of the privacy coin plummeted by more than 50%. The incident sparked criticism from community members. Notably, BitMEX co-founder Arthur Hayes announced the complete liquidation of his position in the token. In addressing the aftermath, ZODL coordinated with mining pools ViaBTC and Foundry, as well as exchanges, to conduct code reviews of the fixes. "We not only solved the problem but also practically tested incident response processes, strengthening the network's resilience," Swihart emphasized. At the time of writing, ZEC is trading at $429.08. Over the past day, the privacy coin has gained 13.5%, recovering 41.5% from the lows of June 5. Hourly chart of ZEC/USDT on Binance. Source: TradingView. Concurrently, ZODL, in collaboration with the Zcash Foundation and Shielded Labs, presented a proposal for network upgrades and the creation of a new pool, Ironwood. It is expected to be based on Orchard but will undergo additional independent audits and formal verification. In May, the price of the privacy coin broke the $585 mark for the first time since November 2025.

forklog.media U.S. Spot Bitcoin ETFs See $1.72 Billion Outflow in a Week

From June 1 to June 5, U.S. spot Bitcoin ETFs experienced a net outflow of $1.72 billion. This marks the largest weekly withdrawal in over a year, according to The Block, citing SoSoValue. The largest outflow was from BlackRock's IBIT, amounting to approximately $1.34 billion. Amid weakening flows, Bitcoin fell to $61,195 but later recovered above $63,000.

news.bitcoin.com Trader Nails BTC Bottom: Buys $98.9M Bitcoin at $59,734 and Nets $3.5M Profit in Two Days

A single whale bought 1,656 BTC worth about $98.9 million almost exactly at this month’s local bottom, then booked roughly $3.5 million in paper profit within two days as bitcoin rebounded. Buying the Exact Bottom The purchase landed as bitcoin carved out its weakest level of 2026, touching an intraday low near $59,100 on June […]

cryptobriefing.com Ukrainian drones strike St Petersburg during SPIEF 2026, sending smoke plume over Russia’s flagship economic forum

The drone strikes during SPIEF 2026 highlight vulnerabilities in Russia's security, potentially deterring foreign investment and impacting markets. The post Ukrainian drones strike St Petersburg during SPIEF 2026, sending smoke plume over Russia’s flagship economic forum appeared first on Crypto Briefing.

forklog.media Classiq and UC Chile Explore Quantum Algorithms for Medical Imaging

Classiq and Pontificia Universidad Católica de Chile have initiated a 12-month project to develop hybrid quantum algorithms for the analysis of biomedical images and computational pathology, according to a press release. Initially, the team will focus on kidney pathologies, including lesion classification, glomeruli segmentation, and pattern detection in histological images. The project will utilize the Classiq platform and NVIDIA CUDA-Q; the selected algorithms will be simulated on NVIDIA infrastructure, executed on IonQ quantum hardware, and compared with classical machine learning methods.

forklog.media JPMorgan Suggests Strategy Boost Dollar Reserves

Strategy will need to increase its dollar reserves to restore market confidence in the company's financial model, reports The Block, citing a JPMorgan report. The firm established a dollar reserve on December 1, 2025. Initially, it amounted to $1.44 billion. The funds were allocated for dividend payments on preferred shares and interest on debt. The minimum reserve goal is to cover at least 12 months of such payments, with a long-term target of 24 months or more. As of May 31, 2026, the reserve had decreased to $900 million. Strategy explained that it may adjust the reserve size based on market conditions and liquidity needs. On June 1, the company disclosed the sale of 32 BTC for approximately $2.5 million at an average price of $77,135. The funds were used for STRC payments. This was the first Bitcoin sale since late 2022. As of May 31, Strategy held 843,706 BTC with an average purchase price of $75,699. Experts believe the Bitcoin sale alarmed industry participants. The transaction heightened concerns about further liquidations to ensure shareholder payments. Strategy indicated that it determines the dollar reserve size considering STRC demand, credit risk, and market conditions. The company also considered selling Bitcoin if deemed advantageous. According to the JPMorgan report, the company's current fiat reserves are sufficient for only 6.3 months of dividend payments. Experts emphasized that Strategy needs to increase its dollar reserves to alleviate investor concerns. JPMorgan also noted that positive trends in the crypto market in the second half of the year will depend on the transparency of the company's financial strategy and the prospects of the CLARITY Act being adopted. In June, Grayscale analysts described Strategy's first Bitcoin sale in a long time as a "stress test" of its financial model.