Bitcoin options traders hedge downside as uncertainty lingers, Anchorage says
Bitcoin options traders are increasing purchases of downside protection contracts, indicating expectations for volatility without predicting severe losses. This defensive positioning reflects uncertainty about near-term price movements while maintaining moderate risk parameters.
Bitcoin may fall lower but BTC power-law frames crash to $58K as ‘normal’
Bitcoin fell to $58,000, which aligns with historical patterns predicted by the power-law model for the cryptocurrency. Futures traders anticipate the price could decline further from this level during the boom-bust cycle.
Coinbase-Backed Ethereum Network Base Recovers After Block Production Issue
Block production on the Ethereum network Base halted for over two hours due to a technical glitch before resuming normally. The outage occurred prior to a scheduled network upgrade that was set to deploy.
Rosen Law Firm Launches Probe Into MicroStrategy
Rosen Law Firm is investigating whether Strategy and its executives made misleading statements about business operations, Bitcoin treasury strategy, and profitability risks. The firm is inviting investors who purchased the company's securities to participate in a potential class action lawsuit.
Bitcoin Treasury Companies Are ‘Textbook Bubble Chart’ as MSTR Loses $100
Bitcoin treasury companies including MicroStrategy have seen stock prices fall significantly, with MSTR dropping below $100 per share and Semler Scientific trading below par value. These companies show valuation patterns disconnected from their bitcoin holdings, exhibiting characteristics similar to historical bubble dynamics.
CoinEx Denies 'Knowledge' of Aiding Sanctioned Iran Crypto Market in $3.8 Billion Disconnect
CoinEx denies knowingly facilitating $3.8 billion in cryptocurrency transfers for sanctioned Iranian platforms despite investigators documenting extensive connections to over 60 Iranian crypto services. The exchange's claim contradicts findings showing systematic links between CoinEx and the Iranian crypto ecosystem.
IP Rallies 15% as Story Protocol Abandons Broad Vision for AI Data
Story Protocol's IP token rose 15% after the project rebranded as the DATA Foundation and narrowed its focus to AI training data instead of broader intellectual property services. The organization abandoned its general IP vision to concentrate exclusively on supplying data for AI model training.
Bitcoin drop to $58K brings out bears: Is BTC’s next stop below $50K?
Bitcoin dropped to $58,000 after breaking through a bearish pattern, with analysts projecting potential declines to $54,000 or lower in the coming weeks. The $58,000 level represents a key breakdown point that traders are monitoring as the next support levels become $54,000 and potentially below.
Strategy's yield-generating STRC stock is more correlated with BTC than ever
STRC stock's correlation with Bitcoin has increased to near-perfect lockstep movement, eliminating its previous function as a diversified income generator. The stock's price movements now track Bitcoin volatility rather than provide the stable yields that originally differentiated it from direct crypto exposure.
MicroStrategy Preferred Stock Crashes 25% But Arkham Says Not a Crisis for Michael Saylor
MicroStrategy's STRC preferred stock dropped 25% below par value following Bitcoin's decline. Arkham Intelligence concluded that Michael Saylor's Bitcoin holdings would not trigger forced liquidation despite the stock's movement.
XRP risks drop below $1, but onchain data highlights silver lining
Whale traders are accumulating XRP and transferring coins off exchanges despite the token risking a fall below $1. Onchain data shows these large holders believe in price recovery potential based on their buying patterns and exchange withdrawals.
a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache
A crypto startup backed by a16z raised $140 million to address AI copyright issues by creating a system that tracks data consent and licensing for training materials. The platform will enable technology companies to demonstrate they legally obtained the data used to train their AI models.
21shares trims 2026 crypto forecasts despite institutional adoption gains
21Shares reduced its 2026 cryptocurrency price forecasts despite growing institutional adoption through ETFs and other investment vehicles. The asset manager cited a disconnect between crypto valuations and the underlying technology's advancement.
Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
Kraken and Maple Finance launched an onchain warehouse facility that allows institutions to borrow against crypto assets using traditional finance lending structures. The facility enables Kraken to extend lending services to larger institutional clients through blockchain infrastructure.
PCE Inflation Shakes Markets: Nasdaq Rally Collapses, Bitcoin Falls to New 2026 Low
Bitcoin declined to $58,000 after May PCE inflation data diminished expectations for Federal Reserve rate cuts, causing $1.26 billion in liquidations across crypto markets. The price drop marked a new low for 2026.
South Korean authorities fine Bithumb $136K over sharing user information overseas
Bithumb was fined $136,000 for illegally transferring customer data to foreign exchanges without proper safeguards. South Korean authorities determined the company violated data protection laws by sharing user information overseas.
BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics
BlackBerry is developing software designed to prevent crashes in AI and robotics systems. The company reported stronger-than-expected earnings results, prompting investor interest in its pivot toward automation industry applications.
Magic Internet Money Falls 50% Below Peg as Abracadabra Declares Emergency
MIM stablecoin fell 50% below its $1 peg, causing Abracadabra.money to halt Curve bribes and suspend direct incentives. The protocol raised interest rates across all Cauldrons lending mechanisms in response.
Spark, Uniswap, and Sky Launch $150M Liquidity Migration to Build Shared Stablecoin FX Layer
Spark, Uniswap, and Sky are migrating $150 million in USDS liquidity to Uniswap v4 pools to create infrastructure for multiple stablecoin issuers. The initiative uses Uniswap v4's pooling architecture to enable trading between different stablecoins within a unified foreign exchange layer.
Strategy has a 10-month cash runway for dividends, but retail investors are losing faith
STRC's cash reserves will sustain dividend payments for only 10 months before the fund must cut distributions. The fund, marketed as a stable $100 investment, has experienced significant price declines that eroded retail investor confidence.
Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation'
Bitcoin dropped to $58,000 following US inflation reaching three-year highs, which triggered approximately 600 million dollars in hourly cryptocurrency liquidations. Some traders attribute the decline to market manipulation rather than economic fundamentals alone.
Quant fund says bitcoin is near a major inflection point as rare onchain signals align
Four onchain technical indicators that rarely align simultaneously are currently converging, suggesting Bitcoin is approaching a significant price inflection point. These rare signal combinations have historically preceded major directional shifts in Bitcoin's price movement.
Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges
Bitcoin fell to $58,000, marking a multi-year low. An oversized number of traders holding short positions creates conditions for a potential squeeze-driven price rebound.
Why Wall Street values some crypto firms for AI power, not just crypto
Crypto companies are being valued for AI infrastructure capabilities rather than cryptocurrency holdings. Galaxy Digital's recent stock gains reflect Wall Street's assessment of tech infrastructure potential in the sector.
AAPL Stock Drops 6% After Apple Passes AI-Driven Chip Costs to Consumers
Apple increased prices for Mac and iPad products due to rising costs from an AI memory shortage. The company's stock declined 6 percent following the price increases.
Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
Bitcoin could decline 30% to $44,000 by year-end according to a veteran miner citing a technical indicator that historically precedes market bottoms by six months. The valuation metric has fallen to levels previously observed before past price recoveries.
Bitcoin Plummets Lower as Strategy's STRC Dives Further From $100 Mark
Bitcoin fell to approximately $58,000 as Strategy's STRC preferred shares reached record lows. The decline indicates that investor concerns about technology stocks connected to digital assets are affecting the broader cryptocurrency market.
Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Kraken is suing PowerTrade for allegedly converting a $6 million credit into a $2 million debt through unauthorized account corrections on settled trades. PowerTrade reportedly made these changes without authorization to old trading positions that had previously been finalized.
Here’s what happened in crypto today
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CoinDesk 20 performance update: AAVE gains 10.1% as index rises
Aave gained 10.1% while the CoinDesk 20 index rose overall. Bitcoin Cash surged 5.8%, positioning both tokens as the week's strongest performers in the crypto market.