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Crypto Briefing

Google partners with Voltus to fund virtual power plant for data centers
Wed, 03 Jun 2026 17:26:25

Google's partnership with Voltus could inspire other tech giants and industries to adopt virtual power plants, easing grid strain and promoting sustainable energy practices.

The post Google partners with Voltus to fund virtual power plant for data centers appeared first on Crypto Briefing.

Federal Reserve’s Kevin Warsh could shock FX markets at first policy meeting, Morgan Stanley warns
Wed, 03 Jun 2026 17:24:40

Warsh's unconventional approach could destabilize FX markets, challenging traders' reliance on predictable Fed signals and impacting global investments.

The post Federal Reserve’s Kevin Warsh could shock FX markets at first policy meeting, Morgan Stanley warns appeared first on Crypto Briefing.

FBI arrests Jamshid Ghomi at $35M mansion for selling US tech to Iran’s military and nuclear programs
Wed, 03 Jun 2026 17:24:19

The unverified claims highlight the risks of misinformation impacting public perception and trust in media and legal processes.

The post FBI arrests Jamshid Ghomi at $35M mansion for selling US tech to Iran’s military and nuclear programs appeared first on Crypto Briefing.

Anthropic moves closer to IPO with Morgan Stanley and Goldman leading deal
Wed, 03 Jun 2026 17:24:16

Anthropic taps Morgan Stanley and Goldman for its IPO as the Claude maker targets a possible October listing.

The post Anthropic moves closer to IPO with Morgan Stanley and Goldman leading deal appeared first on Crypto Briefing.

Boeing poised for larger Chinese purchases, says Treasury Secretary Bessent
Wed, 03 Jun 2026 17:23:24

The Boeing deal could strengthen US-China trade ties, potentially reducing the trade deficit and boosting investor confidence in aerospace.

The post Boeing poised for larger Chinese purchases, says Treasury Secretary Bessent appeared first on Crypto Briefing.

Bitcoin Magazine

Kalshi Goes Live With America’s First Regulated Bitcoin Perpetual Futures
Wed, 03 Jun 2026 16:35:58

Bitcoin Magazine

Kalshi Goes Live With America’s First Regulated Bitcoin Perpetual Futures

Kalshi announced on X today that bitcoin perpetual futures are now live for trading on its platform — one of the first times American investors can access regulated perps on domestic soil, the company claimed. 

The Commodity Futures Trading Commission approved Kalshi’s BTCPERP contract on May 29, 2026, issuing an Order for Approval to KalshiEX, LLC under Commission Regulation 40.3. The contract references the spot price of bitcoin and carries no expiration date, making it a structural departure from every futures product the U.S. had previously authorized.

Kalshi CEO Tarek Mansour told CNBC’s Squawk on the Street that perpetuals are “the purest form of trading,” framing the launch as the company’s evolution from prediction market leader to a full-service derivatives exchange. “Onshore, safe, and regulated perps will improve capital allocation and risk management for countless American businesses,” Mansour said.

The scale of the market makes the opening significant. Offshore perpetual futures volume reached $92.9 trillion in 2025, outpacing spot crypto markets and representing a product class that had been entirely inaccessible to U.S. institutions. 

That capital flowed to offshore venues like Binance and Hyperliquid, beyond the reach of American regulators. Reuters data puts 2025 perpetual futures volume at $61.7 trillion, up 29% from 2024.

Perpetual futures work through a funding rate mechanism. Rather than settling on a fixed date, a contract stays open indefinitely, and a funding rate — adjusted every eight hours — keeps the contract price tethered to the underlying spot market.

Kalshi makes its funding rate history visible in transaction history on its platform.

America as the crypto capital of the world

CFTC Chairman Michael Selig, appointed by President Trump, signaled the policy shift in March 2026, telling the Milken Institute that U.S.-listed perpetual futures were coming “in the next month or so.” 

His statement alongside the Kalshi approval called it “a major step forward in delivering on President Trump’s goal of cementing America as the crypto capital of the world.”

Kalshi, valued at $22 billion following a May 2026 funding round, plans to expand perpetuals to more than a dozen cryptocurrencies pending further regulatory reviews. Agricultural commodities are excluded from the product slate.

The competition is moving fast. Kraken announced plans to list CFTC-regulated perps within 30 days of Kalshi’s approval, covering BTC and other crypto. Robinhood and Gemini have also signaled intent to enter the space. The CFTC said it will evaluate additional perpetual contracts case by case.

This post Kalshi Goes Live With America’s First Regulated Bitcoin Perpetual Futures first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Tether-Backed Adecoagro to Launch Sugarcane-Powered Bitcoin Mining in Brazil
Wed, 03 Jun 2026 16:29:47

Bitcoin Magazine

Tether-Backed Adecoagro to Launch Sugarcane-Powered Bitcoin Mining in Brazil

Adecoagro (NYSE: AGRO), the South American agribusiness company with Tether as its majority shareholder, is set to begin Bitcoin mining operations in Brazil using electricity generated from sugarcane waste, with a target launch date of July 1, 2026, according to various local reports. 

The project will be based in Ivinhema, in the state of Mato Grosso do Sul, and will start with 10 megawatts of capacity and approximately 1,280 Bitcoin mining machines. 

Matheus Lechuga, the project manager at Adecoagro, confirmed the initiative during the “Roots of the Future – Technology and Innovation to Build Tomorrow” forum held on June 1, 2026.

The energy source is bagasse — the fibrous residue left after sugarcane stalks are crushed during sugar and ethanol production. Sugar mills routinely burn bagasse to generate steam and electricity for industrial operations. 

In large-scale plants, this process produces surplus electricity beyond what the mill requires, creating an asset that can be redirected to power-intensive operations such as Bitcoin mining.

Adecoagro holds more than 230 megawatts of renewable electricity generation capacity across South America, giving the company an established energy platform before the mining rollout begins. 

The 10-megawatt pilot represents a fraction of that installed base, positioning the launch as a commercial test of whether Bitcoin mining can scale as a complement to existing power sales.

Tether, the issuer of the USDT stablecoin and one of the most capitalized companies in the digital asset sector, acquired a controlling stake in Adecoagro, giving it exposure to physical commodities, agricultural land and renewable energy infrastructure. The Bitcoin mining project extends that strategy into digital asset production, with Adecoagro serving as the operational arm.

Surplus energy used for bitcoin mining

Back in September of last year, Adecoagro and Tether signed a memorandum of understanding to explore a partnership focused on Bitcoin mining powered by renewable energy in Brazil. The initiative aims to monetize surplus energy, improve grid stability and support decentralized networks by linking agricultural energy production with digital infrastructure. 

Tether said it will contribute expertise in digital assets and sustainable mining, including its proprietary Mining OS, which will manage site operations and is expected to be open-sourced. 

The pilot also reflects Adecoagro’s broader strategy to diversify its energy use and potentially add Bitcoin to its balance sheet, positioning it alongside traditional assets like farmland as a long-term store of value.

This post Tether-Backed Adecoagro to Launch Sugarcane-Powered Bitcoin Mining in Brazil first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Lava Card Launches Secured Visa Credit Card That Pays Bitcoin Rewards on Every Purchase
Wed, 03 Jun 2026 15:18:31

Bitcoin Magazine

Lava Card Launches Secured Visa Credit Card That Pays Bitcoin Rewards on Every Purchase

Lava has launched its Lava Card, a secured Visa credit card that pays Bitcoin rewards on every transaction and accepts stablecoins as a funding source — a product the company says is built to bring stablecoin payments into the mainstream without asking users or merchants to change how they spend.

The card pays 3% back in Bitcoin for US-based users and 1% for international users on all purchases and 5% back through Lava’s growing network of Bitcoin-aligned merchants. To mark the launch, cardholders earn the elevated 5% rate on Amazon, Apple, and Netflix purchases, Lava told Bitcoin Magazine. 

There is no annual fee, no foreign transaction fee, and no markup on Visa’s official exchange rate, making the card viable for both domestic and international use.

Lava is positioning the rewards structure as a deliberate break from the complexity that defines most card programs. Rather than accumulating points that require transfers, conversions, or fee math, users receive Bitcoin — a balance they can track and hold. The use case is pretty straightforward: spend dollars, earn Bitcoin, build savings.

The card is secured, meaning cardholders spend from a USD balance they fund themselves rather than borrowing. Users can move money onto the card via bank transfer, direct deposit, or by sending stablecoins such as USDC directly to Lava. 

That stablecoin pathway is one of the product’s more ambitious bets. Stablecoin adoption has grown rapidly at the infrastructure level, but everyday spending has lagged — in part because swiping a card at checkout remains the default behavior for consumers and merchants alike. 

Lava Card routes stablecoin balances through standard Visa rails, meaning neither side of the transaction has to adapt.

Users who hold Bitcoin can also fund their spending through Lava’s Bitcoin Line of Credit, borrowing against their BTC rather than liquidating it.

The merchant rewards network, which will offer additional Bitcoin back and exclusive savings to cardholders, is set to expand with partner announcements rolling out over the coming months. 

The card is available to users in nearly every country and accepted anywhere Visa is.

Lava’s line of credit and fundraise

Back in November 2025, Lava announced it raised $200 million in a funding round combining venture and debt capital to expand its bitcoin-backed lending platform. 

The company also launched a new Bitcoin Line of Credit (BLOC), designed to let users borrow against bitcoin without fixed terms or mandatory monthly payments.

The product offers interest rates starting at 5%, plus additional fees, with loans allowing up to 50% loan-to-value against posted bitcoin collateral. 

This post Lava Card Launches Secured Visa Credit Card That Pays Bitcoin Rewards on Every Purchase first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Charles Schwab Launches 24/7 Bitcoin Futures Trading on thinkorswim
Wed, 03 Jun 2026 14:51:16

Bitcoin Magazine

Charles Schwab Launches 24/7 Bitcoin Futures Trading on thinkorswim

Charles Schwab has taken its most direct step yet into around-the-clock cryptocurrency access, announcing that select cryptocurrency futures — including Bitcoin — are now available to trade nearly 24 hours a day, seven days a week, across all thinkorswim platforms.

The move marks a milestone for the Westlake, Texas-based brokerage, which holds $12.61 trillion in total client assets and processed 10.3 million daily average trades in April 2026, the brokerage said. 

Bitcoin futures, trading with a $5 multiplier, represent the flagship product in the new round-the-clock offering — one that Schwab calls its first 24/7 product in the firm’s history.

The timing carries weight. Bitcoin’s price has pulled back from an all-time high of $126,198.07 reached in October 2025 to approximately $66,000 as of June 1, 2026 — a decline of roughly 45% from peak levels. 

Yesterday, Charles Schwab said it is targeting mid-2027 to launch spot crypto trading, custody, and transfers for registered investment advisors, integrating digital assets into its existing advisory infrastructure.

Schwab launches spot Bitcoin trading

It seems that the cooldown has done little to dampen institutional appetite. Schwab separately launched Schwab Crypto™ in April 2026, a spot trading service giving retail clients direct access to Bitcoin and crypto through a phased rollout — the firm’s first foray into direct digital asset ownership beyond ETFs and futures-linked products.

The 24/7 futures access through thinkorswim builds on that momentum. Unlike spot trading, futures contracts allow clients to gain price exposure to Bitcoin without holding the underlying asset, with both standard and micro-sized contracts available. 

CME Micro Bitcoin futures trading with a $0.10 multiplier, lower the barrier for retail participants who want leveraged Bitcoin exposure without the capital requirements of full-sized contracts.

“As retail trading continues to advance, we’re committed to adding features and resources that expand our offering,” said James Kostulias, Managing Director and Head of Trading Services at Charles Schwab.

Beyond crypto, the platform update includes expanded fractional and notional trading across most U.S. stocks and ETFs — down to a $1 minimum — along with expected price range data for marginable securities on Schwab.com and dividend reinvestment through Schwab Mobile. 

The fractional trading expansion lets clients place dollar-based orders directly from the standard trade ticket, removing the need for a separate experience.

This post Charles Schwab Launches 24/7 Bitcoin Futures Trading on thinkorswim first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

SEC Highlights Crypto in Its Strategic Plan for Fiscal Years 2026–2030
Wed, 03 Jun 2026 13:45:44

Bitcoin Magazine

SEC Highlights Crypto in Its Strategic Plan for Fiscal Years 2026–2030

The U.S. Securities and Exchange Commission on June 2, 2026, published its Draft Strategic Plan for Fiscal Years 2026 through 2030, placing digital assets at the center of a broad regulatory reset under Chairman Paul S. Atkins.

The plan, which is open for public comment through July 2, 2026, charts a course that the agency says will return the SEC to its core three-part mission: protecting investors, maintaining fair and efficient markets, and facilitating capital formation.

Chairman Atkins described the release as “a new day at the SEC,” one aimed at unwinding what his administration views as regulatory overreach from prior years. 

The plan is organized around three goals: renewing regulatory policy to support innovation and capital formation, shifting enforcement practices toward established legal violations rather than expansive agency action, and optimizing internal operations through technology and organizational reform. 

Atkins said the Commission “will not stray” from its foundational mandate set by Congress in the Securities Exchange Act of 1934.

Crypto gets an SEC shout out 

Perhaps the most consequential section of the plan is its treatment of blockchain and cryptocurrency. The document states that “crypto asset technologies have the potential to revolutionize America’s financial infrastructure and deliver new optionality, efficiencies, cost reductions, transparency, and risk mitigation for the benefit of all Americans.” 

The SEC frames this not as a caveat, but as a rationale for building a clearer, more coherent framework that gives innovators legal certainty while preserving investor protection.

Objective 1.1 of the plan calls for the SEC to provide “a firm regulatory foundation for digital assets and distributed ledger technologies through a rational, coherent, and principled approach.” 

This includes clarifying the boundaries of securities law as they apply to digital assets, enabling compliant capital formation through tokenized offerings, and supporting what the document calls “onchain financial infrastructure.” 

The plan also commits to resolving jurisdictional overlap between the SEC and the Commodity Futures Trading Commission — a long-standing point of friction for the crypto industry .

Beyond digital assets, the plan targets capital formation barriers for small businesses and early-stage companies. It calls for modernizing Regulation A, streamlining shelf registration, and reducing disclosure complexity so entrepreneurs can tap both public and private markets with fewer regulatory obstacles.

On enforcement, the SEC signals a shift away from what critics have called regulation-by-enforcement — particularly the approach taken toward crypto firms in recent years. 

The new plan instructs staff to focus on “fraud and manipulation” rather than expanding regulatory reach through ad hoc actions, and states that success in enforcement should be measured by deterrence and market clarity, not by case volume or fine totals.

Tech overhaul on the horizon

The third goal of the plan addresses internal operations, with a focus on modernizing the SEC’s decades-old EDGAR filing system and rolling out artificial intelligence across agency functions. The document notes that AI and blockchain could “improve oversight, reduce costs, and unlock new efficiencies” inside the commission itself. 

The agency oversees approximately $207 trillion in annual U.S. equity trading and holds roughly 19 terabytes of disclosure data on EDGAR — systems the plan acknowledges need meaningful upgrades.

This post SEC Highlights Crypto in Its Strategic Plan for Fiscal Years 2026–2030 first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

CryptoSlate

Mt. Gox-linked wallets moved 10,422 BTC, worth roughly $739 million as BTC price slides
Wed, 03 Jun 2026 16:35:39

Mt. Gox moved more than $700 million worth of Bitcoin while the market was already under stress, giving traders a familiar reason to ask whether old bankruptcy coins are moving closer to new supply.

The estate-linked wallets moved 10,422 BTC on June 2, worth roughly $739 million at the time of the transfer. Most of the stack, 10,306 BTC, went to a fresh address beginning with 14FEEM, while 116 BTC moved to a known Mt. Gox hot wallet.

The transfer occurred in Bitcoin block 952,072 at around 04:47 UTC, months before the current repayment deadline of Oct. 31, 2026.

So, it seems that Mt. Gox is active again, while immediate sell pressure remains unconfirmed, as no onward movement to a custodian, exchange, liquidity provider, or creditor distribution venue was reported at the time of the initial report.

Infographic showing the June 2 Mt. Gox wallet transfer split and the unconfirmed onward-routing checkpoints.

The transfer revived an old supply problem

Mt. Gox remains one of Bitcoin‘s longest-running market overhangs because the estate still controls a large BTC balance more than a decade after the exchange collapsed. The June 2 transfer carried weight because it reminded the market that a known pool of old coins can still move with little warning.

The remaining estate balance was reported at roughly 34,504 BTC after the move. The visible activity is split across multiple transfers rather than a single visible sell order, and direct exchange-bound flow remains unconfirmed.

Still, a balance of that size is enough to keep traders watching every large estate-linked movement for signs of distribution.

The official trustee process gives that concern a concrete calendar. In an Oct. 27, 2025 notice, the Mt. Gox Rehabilitation Trustee extended the deadline for several repayment categories from Oct. 31, 2025 to Oct. 31, 2026 with court permission.

Mt. Gox delayed to 2026: Does 34k BTC even move Bitcoin price anymore?
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Mt. Gox delayed to 2026: Does 34k BTC even move Bitcoin price anymore?

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The notice said many creditors still had not received repayments because some had not completed required procedures or because processing issues remained.

That language points to a drawn-out process rather than a single clean market event. It also explains why wallet movement can be meaningful before immediate selling is visible.

Coins may move for internal wallet management, repayment preparation, custody setup, or liquidity routing before any creditor receives BTC or any exchange sees flow.

Signal What it shows What remains unconfirmed
10,422.65 BTC moved on June 2 Mt. Gox-linked wallets became active again with a large transfer A confirmed market sale
10,306.35 BTC went to a fresh 14FEEM address Most coins shifted to a new destination Whether the destination is an exchange, custodian, or creditor endpoint
116.30 BTC went to a known hot wallet A smaller slice moved through familiar estate infrastructure Whether the larger stack is being sold immediately
Repayment deadline sits at Oct. 31, 2026 The bankruptcy process remains active Whether remaining BTC will be distributed in one batch or staggered flows

The next signal is onward routing

The practical threshold is simple: the transfer becomes stronger evidence of sell pressure when the coins move from estate-linked wallets toward venues that can distribute, custody, or sell them.

That is why Arkham's Mt. Gox entity page carries more weight than the headline dollar value alone. On-chain labels, destination clustering, and counterparties can indicate whether the fresh address remains part of the estate's wallet structure or begins interacting with exchange and repayment infrastructure.

The distinction is practical. A large internal transfer can still shake sentiment because it changes market expectations for the timeline. But a wallet reorganization is different from coins arriving at a venue where they can be sold or handed to creditors.

Mt Gox FUD: Bitcoin ETFs just sold more BTC than Mt Gox has left to give back
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The former is a warning light. The latter is closer to actual supply.

The June 2 routing, as reported at the initial deadline, sat on the warning-light side of that line. The coins had moved, the process was live, and the repayment deadline was visible.

Yet the key downstream signal was still absent: no confirmed move into a custodian or exchange had been shown in the initial reporting.

The market may care about the transfer even without proof of sale, especially during a weak trading window. It still needs proof of onward routing before treating the move as immediate supply hitting Bitcoin order books.

The timing made the movement feel larger. On June 2, Bitcoin fell more than 5% below $68,000, and nearly $400 million in leveraged positions were liquidated within an hour.

Bitcoin flash crash below $68,000 triggers around $400 million in liquidation in under an hour
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That backdrop carries weight because leveraged markets can turn a wallet alert into a sentiment catalyst.

The evidence supports timing, not causation. The Mt. Gox transfer occurred around 04:47 UTC, while the liquidation story describes same-day market pressure.

The cleaner conclusion is that Bitcoin was already vulnerable, and the Mt. Gox movement added another reason for traders to think about supply.

CryptoSlate market data on June 3 showed BTC trading at $66,737, down 3.76% over 24 hours, with $57.34 billion in 24-hour volume.

The broader CryptoSlate coin rankings showed a $2.3 trillion crypto market, $137 billion in 24-hour volume, and 57.9% Bitcoin dominance.

Infographic showing Bitcoin market pressure metrics while Mt. Gox wallet activity was in focus.

Those numbers cut in both directions. Bitcoin is deep enough that a staggered repayment process does not automatically overwhelm the market.

At the same time, a high-leverage selloff can make any large potential supply source feel more urgent than it would during calmer trading.

That puts the focus on whether a measurable path has opened from the estate to liquid supply. As of the initial reports, that path had not been shown.

Cartoon of investigators tracking Mt. Gox-linked Bitcoin wallet movements.

Mt. Gox is now a process overhang

CryptoSlate's prior Mt. Gox coverage framed the 2026 repayment extension as a shift from a single-date shock to a recurring process overhang. That remains the best way to read the June 2 movement.

The deadline tells traders when the estate process is supposed to finish. The wallets tell traders whether that process is moving. The exchange, custodian, liquidity provider, or creditor endpoints indicate to traders whether the movement is shifting toward market supply.

Until those later signals appear, the most defensible answer is restrained. The June 2 transfer showed that a bankruptcy estate still holding tens of thousands of BTC is active again, even as Bitcoin is under pressure.

It also left the most important question about sell pressure unanswered.

That distinction is what keeps the move from becoming either complacency or panic. Mt. Gox has enough BTC left to remain a meaningful watch item, and the repayment process has a live deadline.

But the market signal to watch is not the first move into a fresh wallet. It is whether funds move from that wallet toward an exchange, custodian, liquidity provider, or repayment route.

The post Mt. Gox-linked wallets moved 10,422 BTC, worth roughly $739 million as BTC price slides appeared first on CryptoSlate.

Vitalik wants DeFi price crashes to stop triggering automatic liquidations
Wed, 03 Jun 2026 15:05:16

Vitalik Buterin is challenging one of DeFi's most familiar safety mechanisms: the automatic liquidation that closes a debt-backed position when collateral falls below the required backing for the loan.

In a June 1 Ethereum Research post, Buterin proposed building synthetic, index-tracking assets on top of options, with collateralized debt removed from the base design.

The idea would remove the hard liquidation trigger from the base design and replace it with a slower form of risk: the user's exposure drifts away from the target unless the position is rebalanced.

That distinction is important because the old mechanism is still showing up in market stress. Bitcoin‘s fall below $68,000 triggered about $394 million in one-hour liquidations on June 2, including roughly $87 million in ETH positions, as leveraged bets were force-closed across the market.

The flash crash came one day after Buterin's post and serves as a market reminder: when price moves hit crowded leverage, automatic closures can turn a drop into a wider market event.

Bitcoin flash crash below $68,000 triggers around $400 million in liquidation in under an hour
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The proposal is research-stage architecture: a design argument separate from any protocol launch, Ethereum roadmap commitment, or direct replacement for Aave, Maker, or existing stablecoins. It shifts the focus from collateral buffers and faster price feeds to a more fundamental design choice: whether instant liquidation should remain DeFi's central means of surviving a crash.

Why the safety switch can amplify stress

Most DeFi lending systems are built around the same basic problem. A user locks in collateral, borrows against it, and must keep the position above a required safety level.

In Aave's borrowing documentation, that level is expressed through a health factor. When it falls below 1, the position can be liquidated: a liquidator repays debt on the borrower's behalf and receives collateral plus a bonus.

That structure protects the protocol's solvency, but it also concentrates action at the worst possible moment. If ETH or another collateral asset falls fast enough, users do not choose when to sell. The system chooses for them.

Liquidators compete to close eligible positions, and the collateral can be pushed into markets already short on liquidity.

The record supports that concern. An OECD working paper on DeFi liquidations found a positive relationship between liquidation activity and post-liquidation price volatility across major decentralized exchange pools.

The paper also emphasized that liquidators rely on available liquidity during stress, which means the mechanism designed to restore balance can run into the same liquidity shortage as everyone else.

CryptoSlate has previously covered the operational version of that risk. A 2025 Chainlink-related oracle dispute led to more than $500,000 in liquidations on Euler Finance and revived questions about how protocols should interpret pricing data in illiquid markets.

Chainlink oracle ‘malfunction' sparks $500k in DeFi liquidations, reignites oracle debate
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Separately, a 2025 ETH decline put nearly $320 million in Ethereum-based DeFi loans within 20% of liquidation, with MakerDAO and Compound exposure concentrated near key price levels.

The common thread is the cliff. DeFi needs a way to handle undercollateralized positions, but the current method often waits until a number is breached and then requires immediate action.

That creates a crowded moment for borrowers, liquidators, oracle feeds, and liquidity providers simultaneously. It also gives sophisticated actors a clear trigger to watch, because the protocol rule announces when a position becomes profitable to close.

For users, the practical consequence is straightforward. A liquidation system can protect a lending pool while still giving the individual borrower the worst possible execution window.

The user may have intended to keep long-term ETH exposure, hedge a cash need, or wait out a sharp wick. Once the threshold is crossed, the system's priority becomes solvency, and the user's timing preference disappears.

Timeline and risk map showing recent DeFi liquidation stress points and the forced-close risk chain

How options turn a cliff into drift

Buterin's alternative starts by changing the primitive. A position that can become undercollateralized gives way to a split ETH claim: the proposal divides 1 ETH into two option-like assets, called P and N, tied to a price index, strike price, and maturity date.

At maturity, an oracle resolves the index value and determines how much of the ETH claim each side receives.

The key property is simple: P and N always add back up to 1 ETH. Because the system is dividing a fixed ETH claim between two sides, it can avoid seizing collateral from a borrower to close a deficit.

In Buterin's framing, the design removes the liquidation event by construction.

For a user trying to hold synthetic dollar exposure, the practical experience differs from a debt-backed stablecoin. In the debt model, a user can appear fully hedged until the collateral threshold is breached, at which point the position is force-closed.

In the options model, the holder avoids the sudden close, but the position can gradually stop behaving as the user intended.

Buterin's example uses a user who wants some level of dollar exposure while ETH is trading around $2,500. The user could buy a deep option tied to a lower strike, such as $1,500, and rotate into lower-strike options if ETH falls toward the original strike.

If the user does not rebalance, the exposure drifts. The user keeps a claim, but the hedge becomes less exact.

That is the central tradeoff. The design keeps risk in the system, and changes who controls the timing and what form the damage takes.

Liquidation-based systems outsource the decision to a protocol rule and liquidator bots. The options-based design pushes more of that decision toward users, wrappers, market makers, or automated rebalancing systems.

Buterin also acknowledged a limit for stablecoin use. A medium amount of annualized drift may be acceptable for someone seeking price stability relative to future expenses.

It is much less useful for an accounting stablecoin, where users want to treat the token as a dollar for payments, bookkeeping, or tax reporting.

Comparison of debt-backed liquidation cliffs and options-based exposure drift in DeFi synthetic assets

The oracle tradeoff

The oracle argument may be the proposal's most important protocol-design claim.

Debt-backed liquidations depend on real-time price feeds. A protocol needs a binding price quickly enough to determine when a position is unsafe and to allow liquidators to act.

Buterin argues that this constraint makes real-time oracles hard to secure because they rely on automated actors watching live signals and leave little room for slower dispute resolution.

Options move the critical oracle call to maturity. Oracle risk remains, but the time pressure changes.

If a system can wait to resolve a contract, it can use slower, more contestable mechanisms, including prediction-market-style approaches or expensive fallback oracles that would be impractical for instant liquidation.

That is why the proposal is more than a stablecoin tweak. It shifts DeFi's risk architecture away from a single live price that can trigger irreversible action.

Recent research on liquidation dynamics in DeFi shows why that surface is central: liquidation mechanics can create incentives around price manipulation, MEV, and oracle-extractable value when a profitable closure depends on a market price crossing a trigger.

The benefit still depends on implementation. A wrapper that automatically rebalances for users could make the product easier to hold, but it could also recreate visible timing rules that sophisticated traders can anticipate.

A purely local user agent could hide some timing choices, but would raise its own usability and execution questions. An onchain DAO wrapper would need deterministic rules and deep markets to avoid becoming another predictable target.

Slow oracles help only if the rest of the design avoids forcing the same problem elsewhere. That is the tension Buterin's post leaves for builders.

A slower oracle can give a system more time to settle disputed information, but users still need markets deep enough to rotate exposure and rules strong enough to avoid turning every rebalance into an exploitable signal.

The comparison with prior oracle disputes is useful here because the risk arises when bad data meets a rule that must act immediately.

The options design reduces the need for that instant decision, while builders still have to decide who watches the index, who provides liquidity, and who absorbs losses when the market moves faster than the hedge.

What developers still have to prove

The next test is whether the market structure around Buterin's idea can be competitive with the debt systems it would challenge.

The proposal itself flags slippage as a major risk. Rebalancing through ordinary automated market makers could be expensive, especially if users need to rotate option exposure repeatedly during volatile periods.

Buterin suggested that rebalancing might need a different market structure, closer to patient one-sided market making than an instant sell.

That requirement is the adoption test. If users avoid liquidation but bleed too much value through drift, slippage, or operational complexity, the model becomes elegant research rather than useful DeFi infrastructure.

If builders can make rebalancing cheap and less exposed to attack, the idea could become a serious alternative for users who want price stability without signing up for a liquidation cliff.

The same test applies to stablecoin framing. The proposal is most defensible when described as a way to hold a stability-oriented exposure or personal hedge.

It becomes weaker if marketed as a simple dollar replacement. A token that drifts away from its target and needs periodic rotation is a different user promise from a redeemable dollar, an overcollateralized stablecoin, or a conventional CDP-backed synthetic.

For Ethereum, the significance is that one of its most influential designers is treating liquidation as an architectural choice rather than an unavoidable fact of DeFi.

The next signal is whether any protocol team turns the options model into a tested wrapper, simulation, or live market with sufficient liquidity to demonstrate the trade-off in practice.

Until then, the proposal is best read as a direct challenge to DeFi's crash mechanics: the industry can keep trying to make liquidations faster and better collateralized, or it can test designs built without sudden forced sales.

The post Vitalik wants DeFi price crashes to stop triggering automatic liquidations appeared first on CryptoSlate.

Bitcoin returns to the price that capped 2021, defined 2024, and now tests the rally again
Wed, 03 Jun 2026 13:35:05

Bitcoin is back at a crossroads it has navigated multiple times in prior cycles, and this may be where the real test begins in this cycle.

After weeks of trying to turn the low-$80,000s into a new recovery zone, BTC has returned to the $66,900-$68,000 area, the same band I have used through several recent CryptoSlate pieces as the difference between repair and renewed downside.

A June 2 break below $68,000 sent Bitcoin from roughly $71,765 to $67,895 and triggered about $400 million in liquidations in under an hour.

By Wednesday morning in London, CryptoSlate's Bitcoin price page showed BTC near $66,942, putting spot price directly inside the shelf.

The price point overlaps with Bitcoin's old cycle highs, the 2024 peak zone, and the failure line from the earlier channel work.

We must now ask ourselves: did Bitcoin revisit a known support shelf before rebounding, or has the market confirmed that the prior bounce failed?

Bitcoin flash crash below $68,000 triggers around $400 million in liquidation in under an hour
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Infographic showing Bitcoin's $66,900 decision shelf, with $68,000 as the first repair line, $71,500 to $72,000 as the recovery ceiling, and $61,700 to $60,000 as lower support.

The old map is back in control

My level map always depended on acceptance across sessions over one candle.

In March, my CryptoSlate analysis treated the $68,000-$71,500 area as the range Bitcoin needed to hold and identified $66,900 as the failure line below it.

The idea was that BTC had avoided a larger drop only if it could keep trading above the lower edge and rebuild toward the top of the range.

That same framework came back after the late-March drop toward $65,000. At the time, the recovery case needed Bitcoin to reclaim $68,000 first, then prove it could work back toward the $71,500-$72,000 ceiling.

If it failed there, $66,900 stayed active as the line that kept the downside path open.

That is where the market is again. The June 2 liquidation move dragged price back into the bracket that has separated recoveries from failed bounces throughout the recent channel work.

In practical terms, $68,000 has become the first line Bitcoin has to reclaim to show that the flush was a support test, not the start of another leg lower.

The upper side of the map is just as important. I have repeatedly treated $71,500 as the area where recovery attempts had to prove themselves.

My March 5 analysis warned that repeated rejection there raised the risk of rotation down through $68,000 and $66,900 toward the low-$60,000s.

That sequence gives the current market a cleaner signal. A wick into the band can be noise; a failure to reclaim the band changes behavior.

For bulls, the job is to turn $68,000 back into traded acceptance. For bears, the confirmation is sustained weakness through $66,900.

Until one side gets that, the market remains in the middle of an unresolved argument.

Bitcoin price now has one level now that decides whether a bigger rally is still alive
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What actually panned out

The useful part of revisiting these levels is the sequence of decision points, more than perfect tick-by-tick precision.

On that test, the roadmap held up better than it may have felt in real time. Bitcoin held around $70,000 in early March, delaying the $49,000 path as the market tested the upper range again.

The follow-up asked whether the downside call had been invalidated. The market then failed to cleanly clear the upper side of the range.

The repeated inability to turn $71,500-$72,000 into support kept the old risk path alive.

The next phase looked better for bulls. In early May, Bitcoin was back in the low-$80,000s, with the market asking whether a new 2026 high was coming.

That was the V-shaped move from the late-March lows: roughly $65,000 at the end of March, back toward the low-$80,000s by early May.

Even that upside framework kept the $65,000-$70,000 area as the first support zone if risk appetite faded.

The move back to this band follows the first major support region that was supposed to come into play if the low-$80,000s could not hold.

The current price action has therefore answered part of the earlier question. The market delayed the deep-bear case, but it also failed to establish enough acceptance above $71,500-$72,000 to retire it.

The rally stretched higher, lost altitude, and returned to the same shelf that was marked as the next test if momentum broke.

That is the point of looking backward here. The prior framework only had to tell readers which levels would decide whether strength was real.

So far, Bitcoin has respected the order of the map: first the ceiling near $71,500-$72,000, then the repair line at $68,000, and now the $66,900 edge.

Cartoon Bitcoin bull and bear standoff over $60,000 support level on a volatile price chart

Macro did not give Bitcoin much cover

The chart levels gained force as the macro backdrop stopped helping.

In mid-May, I linked Bitcoin's retreat from the low-$80,000s to Treasury yields, ETF-flow dependence, oil, the dollar, and broader risk appetite.

The June breakdown is happening during a jobs-data week, with traders watching labor-market data, Fed expectations, and long-end yields alongside crypto-native positioning.

CryptoSlate's June jobs-week setup noted that Bitcoin was facing JOLTS and payrolls with the 10-year Treasury yield near 4.6%, the 30-year above 5%, ETF outflow pressure, and a market still pricing a Fed hold.

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Infographic showing Bitcoin's $66,900 decision shelf, with $68,000 as the first repair line, $71,500 to $72,000 as the recovery ceiling, and $61,700 to $60,000 as lower support.

That gives the current level a macro catalyst. It is a support zone being tested as the bond market continues to pressure long-duration risk assets.

The tension is sharper because equities have held up better. US stocks are near record highs even as oil-driven volatility and rate pressure remained in the background.

Bitcoin, by contrast, has given back the early-May rally and moved back toward the same old all-time-high bracket that once defined the upper end of prior cycles.

That divergence changes the tone of the level test. If stocks are still near records while Bitcoin is losing the low-$80,000s and revisiting old-cycle highs, the weakness points to more than a broad risk-off washout.

It points back to crypto-specific pressure, ETF flow sensitivity, and the failure to build acceptance above the recovery ceiling.

Bitcoin is weakening into a known technical shelf without an obvious macro relief valve.

If yields keep pushing higher or ETF flows fail to absorb the selling, the chart levels become harder to defend. The same price shelf is being tested by liquidity, macro pressure, and trader behavior at once.

The next test is acceptance over one wick

This is why $66,900 and $68,000 carry more weight than the exact low from a single overnight move.

If Bitcoin can defend the $66,900 area and reclaim $68,000, the first repair target is acceptance back inside the prior range, followed by another attempt to rebuild toward $71,500-$72,000.

That would leave the liquidation shock on the chart, but it would show that the market treated the move as a flush into support rather than a confirmed breakdown.

If Bitcoin loses that defense, the lower path becomes the cleaner signal. A March CryptoSlate overlap piece directly connected $66,900 resistance or failure to a possible move toward $61,700, and the broader roadmap keeps the yearly low near $60,000 in focus, with that level beneath.

From the current $67,000 area, that is close enough to keep in view while still requiring BTC to lose the shelf first.

That's why I tend to work with roadmaps rather than predictions.

$71,500-$72,000 was the zone that would have shown recovery strength. $68,000 was the first repair line. $66,900 was the lower edge. $61,700-$60,000 was the next area if the edge failed.

Bitcoin is now sitting on that edge again.

The market can answer without drama. A sustained reclaim of $68,000 would put the range-repair case back on the table.

Failure to hold $66,900 would bring the return to $61,700 and the yearly low near $60,000 into question. Until one of those happens, the most honest conclusion is that Bitcoin has returned to the exact bracket that was supposed to decide whether the prior bounce was real.

The post Bitcoin returns to the price that capped 2021, defined 2024, and now tests the rally again appeared first on CryptoSlate.

Bank of England stablecoin caps may choke the UK’s pound-token market before launch
Wed, 03 Jun 2026 12:27:13

A House of Lords committee has told the Bank of England to rethink stablecoin caps before the UK's regime is finalized.

The Financial Services Regulation Committee published its report, Stablecoins: waiting for regulation, on June 3, turning a technical debate over reserve design into a test of whether the UK can build a pound-denominated stablecoin market without making it uneconomic from the start.

The pressure point is the design of the safeguards. The committee supports 1:1 backing and accepts that stablecoins can create risks around financial stability, consumer protection, and illicit finance.

Its challenge is more specific: the Bank's proposed safeguards may be calibrated for a market that does not yet exist in the UK.

Two measures sit at the center of that critique. The Bank has proposed temporary per-coin holding limits of £20,000 for individuals and £10 million for businesses.

It has also proposed requiring systemic sterling stablecoin issuers to keep at least 40% of backing assets as deposits at the Bank of England that do not earn interest.

The Lords report says those choices could shape whether a GBP stablecoin market develops at all. If a pound stablecoin cannot be held in useful amounts or generate enough reserve income to support the issuer's business, the UK could end up with clear rules, but few firms willing to build the products those rules are meant to govern.

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The Rules Under Pressure

The Bank of England's November 2025 consultation proposed a split backing model for systemic sterling stablecoins.

At least 40% of backing assets would sit as deposits at the Bank, while up to 60% could be held in short-term sterling-denominated UK government debt.

The Bank's case is that central-bank deposits provide immediate liquidity if holders seek large redemptions in a short period. In its consultation, it said the threshold aligned with estimates of possible short-term redemption requests drawn from stress events in traditional and crypto markets.

The 60% government-debt allowance was meant to improve issuer viability compared with an earlier model that would have placed all backing assets in unremunerated central-bank deposits.

That compromise is now under pressure. The Lords committee concluded that remuneration and liquidity requirements for backing assets could have a significant effect on issuer viability and UK competitiveness.

It urged the Bank to consider the impact of requiring a proportion of unremunerated assets and to reconsider whether deposits held at the Bank should be remunerated at Bank Rate.

The committee also pushed the Bank toward a more flexible approach to backing-asset composition. It said the Bank should be open to a principles-based and less prescriptive model, with requirements adjusted as market behavior and risks become clearer.

The same logic applies to holding limits. The Bank's proposal would cap each individual's holdings of a systemic stablecoin at £20,000 per coin and each business's holdings at £10 million, with possible exemptions for businesses that need higher balances in normal operations.

Infographic showing proposed Bank of England stablecoin reserve split, temporary holding caps, and House of Lords recommendations.

In a November news release, the Bank framed those limits as temporary tools to protect access to credit while the financial system adapts to new forms of money.

The committee's recommendation was sharper. Given the early stage of the GBP stablecoin market, it said the Bank should monitor growth and impose holding limits only if financial stability risks clearly warrant them.

If limits become necessary, the committee said the Bank should consult to ensure they can be implemented in a practical way that still meets the Bank's objectives.

Why The Bank Is Cautious

The Bank's concern goes beyond competition with banks. In the UK, bank deposits do more work inside the credit system than they do in some other major markets.

In oral evidence to the committee in March, Sarah Breeden, the Bank's deputy governor for financial stability, said banks provide about 85% of household credit in the UK, compared with roughly 30% to 40% in the US.

Her argument was that if deposits moved rapidly into payment stablecoins and that funding was not replaced, the result could be a drop in credit for households and businesses.

That is the financial-stability case for a circuit breaker. The Bank is designing for a future in which stablecoins are widely used as money for everyday payments, beyond their current use in crypto trading.

If adoption moved quickly through social media platforms, e-commerce networks, wallets, or automated payment tools, the Bank worries that money could leave deposits faster than banks and funding markets could adjust.

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The committee accepts that risk. Its report says stablecoins can pose challenges around financial stability, illicit finance, and consumer protection.

It also welcomes 1:1 backing, audited reserves, disclosure, statutory trust protections, and the proposed Bank backstop lending facility for systemic issuers.

The disagreement is about timing and prescription. Lawmakers are asking whether the Bank should impose caps and reserve economics before there is enough evidence about how a pound stablecoin market would behave.

A protective rulebook could reduce the chance of a disorderly shift out of bank deposits. It could also make the regulated version of the product less attractive than offshore, dollar-denominated, or non-systemic alternatives.

The stakes are higher because the report describes the UK stablecoin market as nascent while the global market is already large and dollar-led.

It says the global stablecoin market was estimated at more than $310 billion in 2026, overwhelmingly dominated by US dollar stablecoins and two issuers, Tether and Circle.

For the UK, that creates a strategic problem. A sterling stablecoin market could support cross-border payments, tokenized settlement, programmable payments, and competition in payments.

It could also reduce the risk that UK users and businesses default to dollar stablecoins because pound alternatives never get enough regulatory clarity or commercial scale.

The committee says the UK is already lagging the US and EU in developing a stablecoin regime, though it says the country is now moving in the right direction.

The FCA's stablecoin issuance and crypto custody consultation covers the non-systemic side of the regime, while the Bank's rules apply once a sterling stablecoin becomes systemic.

The transition between those regimes remains one of the areas issuers need to understand before they can build durable business plans.

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Cartoon pound token restrained outside the Bank of England as officials debate stablecoin caps.

The Next Signal Is The Draft Rulebook

The timing makes the Lords report more than a retrospective critique. Breeden told the committee in March that the Bank expected draft rules in the middle of 2026, final rules by year-end, and applications from stablecoin issuers by the end of the year.

That means the next policy document will show whether the Bank treats the report as a reason to change the design or as a challenge to explain the existing model more clearly.

The signals to watch are specific: whether per-holder caps remain, whether the Bank shifts toward aggregate issuance guardrails or monitoring triggers, whether the 40% deposit share is adjusted, and whether any Bank deposits receive remuneration.

Rewards will count, too. The committee noted relatively little demand for issuers to pay interest on stablecoins, but said the treatment of rewards, rebates, or other incentives could affect the creation of a GBP stablecoin market and the UK's international competitiveness.

That question connects stablecoin rules to the broader payments market, where card networks and financial apps already compete through reward structures.

The report also asks for more clarity from HM Treasury on when a stablecoin becomes systemic. That threshold is central for issuers because it determines when a firm moves from the FCA-only track into dual regulation by the Bank and FCA.

If the transition is too uncertain, scaling may become a risk in itself.

<p>A House of Lords committee has told the Bank of England to rethink stablecoin caps before the UK's regime is finalized.</p> <p>The Financial Services Regulation Committee published its report, <a href="https://publications.parliament.uk/pa/ld5902/ldselect/ldfsrc/6/603.htm">Stablecoins: waiting for regulation</a>, on June 3, turning a technical debate over reserve design into a test of whether the UK can build a pound-denominated stablecoin market without making it uneconomic from the start.</p> <p>The pressure point is the design of the safeguards. The committee supports 1:1 backing and accepts that stablecoins can create risks around financial stability, consumer protection, and illicit finance.</p> <p>Its challenge is more specific: the Bank's proposed safeguards may be calibrated for a market that does not yet exist in the UK.</p> <p>Two measures sit at the center of that critique. The Bank has proposed temporary per-coin holding limits of £20,000 for individuals and £10 million for businesses.</p> <p>It has also proposed requiring systemic sterling stablecoin issuers to keep at least 40% of backing assets as deposits at the Bank of England that do not earn interest.</p> <p>The Lords report says those choices could shape whether a GBP stablecoin market develops at all. If a pound stablecoin cannot be held in useful amounts or generate enough reserve income to support the issuer's business, the UK could end up with clear rules, but few firms willing to build the products those rules are meant to govern.</p>  <h2>The Rules Under Pressure</h2> <p>The <a href="https://www.bankofengland.co.uk/paper/2025/cp/proposed-regulatory-regime-for-sterling-denominated-systemic-stablecoins">Bank of England's November 2025 consultation</a> proposed a split backing model for systemic sterling stablecoins.</p> <p>At least 40% of backing assets would sit as deposits at the Bank, while up to 60% could be held in short-term sterling-denominated UK government debt.</p> <p>The Bank's case is that central-bank deposits provide immediate liquidity if holders seek large redemptions in a short period. In its consultation, it said the threshold aligned with estimates of possible short-term redemption requests drawn from stress events in traditional and crypto markets.</p> <p>The 60% government-debt allowance was meant to improve issuer viability compared with an earlier model that would have placed all backing assets in unremunerated central-bank deposits.</p> <p>That compromise is now under pressure. The Lords committee concluded that remuneration and liquidity requirements for backing assets could have a significant effect on issuer viability and UK competitiveness.</p> <p>It urged the Bank to consider the impact of requiring a proportion of unremunerated assets and to reconsider whether deposits held at the Bank should be remunerated at Bank Rate.</p> <p>The committee also pushed the Bank toward a more flexible approach to backing-asset composition. It said the Bank should be open to a principles-based and less prescriptive model, with requirements adjusted as market behavior and risks become clearer.</p> <p>The same logic applies to holding limits. The Bank's proposal would cap each individual's holdings of a systemic stablecoin at £20,000 per coin and each business's holdings at £10 million, with possible exemptions for businesses that need higher balances in normal operations.</p> <a href="/Users/akiba/.codex/generated_images/019e8cb1-59a7-7521-9a5b-5530473dc94f/ig_00979bc5d4b7cc9f016a1fef5361748191971068fec11770fa.png" target="_blank" rel="noopener"><img class="aligncenter wp-image-532220 size-full" src="/Users/akiba/.codex/generated_images/019e8cb1-59a7-7521-9a5b-5530473dc94f/ig_00979bc5d4b7cc9f016a1fef5361748191971068fec11770fa.png" alt="Infographic showing proposed Bank of England stablecoin reserve split, temporary holding caps, and House of Lords recommendations." width="1122" height="1402" /></a> <p>In a <a href="https://www.bankofengland.co.uk/news/2025/november/boe-launches-consultation-on-regulating-systemic-stablecoins">November news release</a>, the Bank framed those limits as temporary tools to protect access to credit while the financial system adapts to new forms of money.</p> <p>The committee's recommendation was sharper. Given the early stage of the GBP stablecoin market, it said the Bank should monitor growth and impose holding limits only if financial stability risks clearly warrant them.</p> <p>If limits become necessary, the committee said the Bank should consult to ensure they can be implemented in a practical way that still meets the Bank's objectives.</p> <h2>Why The Bank Is Cautious</h2> <p>The Bank's concern goes beyond competition with banks. In the UK, bank deposits do more work inside the credit system than they do in some other major markets.</p> <p>In <a href="https://committees.parliament.uk/oralevidence/17316/html/">oral evidence to the committee</a> in March, Sarah Breeden, the Bank's deputy governor for financial stability, said banks provide about 85% of household credit in the UK, compared with roughly 30% to 40% in the US.</p> <p>Her argument was that if deposits moved rapidly into payment stablecoins and that funding was not replaced, the result could be a drop in credit for households and businesses.</p> <p>That is the financial-stability case for a circuit breaker. The Bank is designing for a future in which stablecoins are widely used as money for everyday payments, beyond their current use in crypto trading.</p> <p>If adoption moved quickly through social media platforms, e-commerce networks, wallets, or automated payment tools, the Bank worries that money could leave deposits faster than banks and funding markets could adjust.</p>  <p>The committee accepts that risk. Its report says stablecoins can pose challenges around financial stability, illicit finance, and consumer protection.</p> <p>It also welcomes 1:1 backing, audited reserves, disclosure, statutory trust protections, and the proposed Bank backstop lending facility for systemic issuers.</p> <p>The disagreement is about timing and prescription. Lawmakers are asking whether the Bank should impose caps and reserve economics before there is enough evidence about how a pound stablecoin market would behave.</p> <p>A protective rulebook could reduce the chance of a disorderly shift out of bank deposits. It could also make the regulated version of the product less attractive than offshore, dollar-denominated, or non-systemic alternatives.</p> <p>The stakes are higher because the report describes the UK stablecoin market as nascent while the global market is already large and dollar-led.</p> <p>It says the global stablecoin market was estimated at more than $310 billion in 2026, overwhelmingly dominated by US dollar stablecoins and two issuers, <a href="https://cryptoslate.com/coins/tether/">Tether</a> and Circle.</p> <p>For the UK, that creates a strategic problem. A sterling stablecoin market could support cross-border payments, tokenized settlement, programmable payments, and competition in payments.</p> <p>It could also reduce the risk that UK users and businesses default to dollar stablecoins because pound alternatives never get enough regulatory clarity or commercial scale.</p> <p>The committee says the UK is already lagging the US and EU in developing a stablecoin regime, though it says the country is now moving in the right direction.</p> <p>The FCA's <a href="https://www.fca.org.uk/publications/consultation-papers/cp25-14-stablecoin-issuance-cryptoasset-custody">stablecoin issuance and crypto custody consultation</a> covers the non-systemic side of the regime, while the Bank's rules apply once a sterling stablecoin becomes systemic.</p> <p>The transition between those regimes remains one of the areas issuers need to understand before they can build durable business plans.</p>  <h2>The Next Signal Is The Draft Rulebook</h2> <p>The timing makes the Lords report more than a retrospective critique. Breeden told the committee in March that the Bank expected draft rules in the middle of 2026, final rules by year-end, and applications from stablecoin issuers by the end of the year.</p> <p>That means the next policy document will show whether the Bank treats the report as a reason to change the design or as a challenge to explain the existing model more clearly.</p> <p>The signals to watch are specific: whether per-holder caps remain, whether the Bank shifts toward aggregate issuance guardrails or monitoring triggers, whether the 40% deposit share is adjusted, and whether any Bank deposits receive remuneration.</p> <p>Rewards will count, too. The committee noted relatively little demand for issuers to pay interest on stablecoins, but said the treatment of rewards, rebates, or other incentives could affect the creation of a GBP stablecoin market and the UK's international competitiveness.</p> <p>That question connects stablecoin rules to the broader payments market, where card networks and financial apps already compete through reward structures.</p> <p>The report also asks for more clarity from HM Treasury on when a stablecoin becomes systemic. That threshold is central for issuers because it determines when a firm moves from the FCA-only track into dual regulation by the Bank and FCA.</p> <p>If the transition is too uncertain, scaling may become a risk in itself.</p> <a href="/Users/akiba/.codex/generated_images/019e8cb1-59a7-7521-9a5b-5530473dc94f/ig_00979bc5d4b7cc9f016a1fefdcf1b88191817712db7a8bb4c5.png" target="_blank" rel="noopener"><img class="aligncenter wp-image-532220 size-full" src="/Users/akiba/.codex/generated_images/019e8cb1-59a7-7521-9a5b-5530473dc94f/ig_00979bc5d4b7cc9f016a1fefdcf1b88191817712db7a8bb4c5.png" alt="Infographic comparing UK and US household credit reliance, global stablecoin market context, and the UK regulatory path." width="1122" height="1402" /></a> <p>CryptoSlate has already covered adjacent UK payment infrastructure moves, including <a href="https://cryptoslate.com/revolut-pound-stablecoin-uk-sandbox-trial/">Revolut's pound stablecoin sandbox trial</a> and the Bank's <a href="https://cryptoslate.com/bank-of-englands-24-7-settlement-plan-shows-where-tokenized-finance-can-enter-core-markets/">24/7 settlement plans</a>.</p> <p>The Lords report moves the debate to a different point: whether the UK's stablecoin rulebook will let a sterling market become commercially meaningful once tokenized payments enter the system.</p> <p>The Bank is still finalizing the regime, and the committee is still asking for financial-stability protections. The new pressure is for the Bank to show that its safeguards will not stop a pound stablecoin market before it has a chance to form.</p> <p>That is the live test for the UK's crypto-hub promise. The next draft rules will show whether the Bank's stablecoin firewall is a temporary guardrail, a redesign in progress, or a cost issuers decide the pound market cannot absorb.</p>

CryptoSlate has already covered adjacent UK payment infrastructure moves, including Revolut's pound stablecoin sandbox trial and the Bank's 24/7 settlement plans.

The Lords report moves the debate to a different point: whether the UK's stablecoin rulebook will let a sterling market become commercially meaningful once tokenized payments enter the system.

The Bank is still finalizing the regime, and the committee is still asking for financial-stability protections. The new pressure is for the Bank to show that its safeguards will not stop a pound stablecoin market before it has a chance to form.

That is the live test for the UK's crypto-hub promise. The next draft rules will show whether the Bank's stablecoin firewall is a temporary guardrail, a redesign in progress, or a cost issuers decide the pound market cannot absorb.

The post Bank of England stablecoin caps may choke the UK’s pound-token market before launch appeared first on CryptoSlate.

Bitcoin’s plunge to $65,000 has traders paying to protect against a fall to $50,000
Wed, 03 Jun 2026 09:42:29

Bitcoin’s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower.

Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations and wiping out bullish leverage that had built around hopes of a quick recovery.

Crypto Market Liquidation
Crypto Market Liquidation (Source: CoinGlass)

This failed rebound has pushed traders toward protection at levels that only recently looked distant.

Options positioning now shows demand building around the $60,000 and $50,000 strikes, a sign that investors are preparing for a deeper reset as Strategy’s first Bitcoin sale in years, ETF outflows, AI-driven capital rotation and unresolved macro pressure weaken the sources of support that carried the market earlier in the year.

How BTC's failed bounce turned $70,000 into resistance

Analysts at BIT Official noted that Bitcoin was already trading defensively after sliding towards $72,000 last week, when geopolitical tensions tied to the Strait of Hormuz prompted a broad retreat from risk assets.

The firm noted that a brief reprieve materialized after President Donald Trump suggested the US would lift a naval blockade, while April core PCE inflation aligned with expectations at 3.3% year-over-year.

This data and political development eased immediate macroeconomic anxieties and forced over-leveraged bears to cover their shorts.

As a result, Bitcoin briefly spiked toward $73,400 over the weekend, giving bulls leverage to argue the selloff was exhausted.

However, that narrative collapsed when the recovery failed to attract meaningful spot volume.

When Iran’s foreign ministry explicitly denied nuclear talks, disputed Trump’s uranium claims, and insisted the strait would reopen strictly on its own timeline, the geopolitical relief trade vanished. Without a formal de-escalation, Bitcoin was left entirely exposed.

Consequently, the market was quickly dragged back to $70,000, which is a critical juncture where options positioning, market psychology, and short-term holder cost bases converged.

Indeed, that level had served as both a psychological floor for bulls and a prime target for bears hunting for forced liquidations.

Once Bitcoin sliced through that support, automated liquidation engines began aggressively unwinding undercollateralized long positions.

The decline further accelerated rapidly into a vacuum, as spot buyers proved unwilling to absorb the selling pressure.

Strategy’s sale gives bears a cleaner script

BTC's decline under $70,000 also came at a highly vulnerable moment when the corporate treasury narrative fractured.

This week, Strategy confirmed that it sold 32 BTC for $2.5 million to fund cash distributions and dividend payments on its high-yield perpetual preferred stock.

The sale came as a shock to the market because Strategy had positioned itself as the definitive corporate proxy for the Bitcoin accumulation trade.

Over the past years, the Michael Saylor-led company business model relied heavily on equity issuance, preferred stock, and uninhibited access to capital markets to construct the largest public-company Bitcoin treasury in existence.

To the broader market, the company was not just a major holder but also a symbol of permanent, price-agnostic demand.

However, that perception is now under enormous strain as the firm most synonymous with the “never sell” philosophy liquidated coins to meet a routine cash obligation.

Jeff Dorman, the CIO of Arca, noted:

“From a sentiment standpoint, how do you think the average Bitcoin investor is going to react when every major news outlet and social media influencer starts writing that “MicroStrategy is now a seller of BTC”? This company has bought over $50 bn of Bitcoin, and currently owns roughly 4% of the total 21 million outstanding.”

That pivot armed bears with a clean, simple argument right as Bitcoin slipped below major support.

Market observers argued that the sale complicates the market’s base-case assumption that Strategy will act as an uninterrupted buyer in all macroeconomic environments.

In fact, some have postulated that the firm could make more sales in the future in order to actively manage its balance sheet.

AI’s liquidity pull leaves Bitcoin without its ETF cushion

This structural shift in sentiment coincides with the evaporation of Bitcoin’s most reliable safety net: the institutional ETF bid that anchored the earlier stages of the bull run.

According to SoSoValue data, Bitcoin ETFs have bled more than $4 billion over the trailing four weeks. This marks the most aggressive redemption cycle since the spot products debuted, starving the market of the steady inflows required to absorb routine selloffs.

Bitcoin ETFs Outflows
Bitcoin ETFs Outflows (Source: SoSoValue)

Market analysts attribute this severe capital flight to a generational rotation into artificial intelligence.

Institutional allocators are actively liquidating crypto positions to free up dry powder for a looming wave of tech mega-IPOs, primarily targeting high-growth ventures like SpaceX, Anthropic, and OpenAI.

Pierre Rochard, CEO of the Bitcoin Bond Company, pointed out that this AI boom has added $19 trillion in market capitalization to the top 50 public equities over the past 12 months, roughly 13 times Bitcoin’s total market value.

He said that capital expenditure cycle is drawing liquidity and attention away from Bitcoin, making the asset’s resilience notable despite the pressure.

Independent Bitcoin analyst Matthew Case described the move as an “AI IPO liquidity vacuum,” arguing that institutions that rode Bitcoin and crypto exposure higher now have a rare chance to position for major private-market and pre-IPO opportunities tied to SpaceX, Anthropic and OpenAI.

This capital rotation aggressively starves Bitcoin of its marginal buyer. During periods of robust ETF inflows, institutional demand acts as a shock absorber, cushioning the blow from macroeconomic friction, geopolitical headlines, and derivatives volatility.

With that bid suddenly sidelined, the market is dangerously exposed; a standard technical decline can cascade much further before encountering strong spot support.

$60,000 becomes the market’s next insurance level

Consequently, traders have fundamentally repriced their risk models. The market is no longer structured around highly leveraged bets anticipating a swift return to $70,000.

Instead, capital is aggressively repositioning for the reality that Bitcoin’s next durable line of defense may reside significantly lower.

Deribit data shows traders have built roughly $1.2 billion in open interest around the $60,000 strike, while the $50,000 strike has attracted about half that amount. Cumulatively, $1.8 billion worth of open interest are situated at these strike prices.

Bitcoin Traders Positioning in the Options Market
Bitcoin Traders Positioning in the Options Market (Source: Deribit)

The positioning marks a change from the structure that dominated earlier in the rally. When ETF inflows were strong and Strategy remained an unquestioned buyer, pullbacks were treated as opportunities to add exposure.

After the liquidation wave, ETF redemptions and Strategy’s sale, the same pullbacks are being treated as events that need to be insured.

As a result, traders with material Bitcoin exposure are moving toward puts and collar structures designed to preserve some upside while limiting losses if the drawdown accelerates.

The post Bitcoin’s plunge to $65,000 has traders paying to protect against a fall to $50,000 appeared first on CryptoSlate.

CryptoTicker.io

Top 5 Altcoins to Buy in June 2026: Best Picks by Crypto Category
Wed, 03 Jun 2026 17:38:43

The cryptocurrency market in June 2026 is experiencing a structural shift. Speculative hype is clearing out, making way for institutional capital, real-world asset (RWA) tokenization, and decentralized artificial intelligence infrastructure.

With major regulatory frameworks like the CLARITY Act shaping asset definitions and central banks adjusting interest rates, smart capital is moving into protocols that generate protocol revenue and real-world utility. For investors looking to build a balanced portfolio this month, identifying leading assets within specific sectors is crucial.

Below is an analysis of the top 5 altcoins to buy in June 2026, categorized by market sector, focusing on project fundamentals and technical growth targets.

1. Solana (SOL) – The High-Performance Layer-1 Leader

Project Ecosystem Overview

Solana continues to solidify its position as the premier Layer-1 blockchain for retail liquidity, decentralized finance (DeFi), and high-throughput consumer applications. Moving past the initial memecoin cycles, Solana's monolithic infrastructure has proven highly efficient for executing rapid transactions without relying on fragmented Layer-2 networks.

The network's execution speeds and low transaction fees have attracted major traditional fintech integrations. Platforms like PayPal and Visa utilize Solana's infrastructure for stablecoin settlements, securing its status as a major alternative to Ethereum’s settlement dominance.

Growth Catalysts and Target for 2026

  • Institutional Traction: Continuous spot ETF developments and corporate stablecoin deployments.
  • Firedancer Mainnet Optimization: The full implementation of the Firedancer validator client provides unprecedented network reliability and throughput capabilities.
  • Growth Target: Market analysts project SOL to break past long-term resistance walls, targeting a mid-to-long-term valuation of $180 to $220 as institutional capital flows accelerate.

2. Bittensor (TAO) – The Decentralized AI Compute Infrastructure

Project Ecosystem Overview

The convergence of artificial intelligence and blockchain technology is a defining market narrative in 2026. Bittensor sits at the absolute forefront of this sector. TAO operates as a decentralized, open-source network that incentivizes machine learning models to collaborate and train across a global distributed node architecture.

Following its successful network upgrades, including the expansion of subnet capacities from 128 to 256, Bittensor has proven that distributed networks can train large-scale language models effectively. This makes it an essential infrastructure asset for developers seeking permissionless access to raw computing power and AI intelligence.

Growth Catalysts and Target for 2026

  • Supply Scarcity: The long-term macroeconomic effects of its late 2025 halving event are constricting daily token issuance.
  • Corporate Staking: Major institutional custody platforms like BitGo have established enterprise-grade staking infrastructure for TAO.
  • Growth Target: As tech platforms transition away from centralized cloud monopolies, TAO aims to reclaim psychological resistance zones, targeting $450 to $500 by late 2026.

3. Ondo Finance (ONDO) – The Institutional RWA Pioneer

Project Ecosystem Overview

Real-world asset (RWA) tokenization has grown from a proof-of-concept into a multi-billion dollar sector. Ondo Finance is a market leader in this category, bridging the gap between traditional finance (TradFi) and on-chain liquidity. Ondo specializes in bringing institutional-grade financial products, such as US Treasuries and corporate bonds, onto public blockchains like Ethereum and Solana.

By embedding strict automated compliance directly into its smart contracts, Ondo allows global institutional investors to access yield-bearing tokenized products safely. Its structural integration with clearing giants and Tier-1 liquidity providers places it far ahead of competing asset tokenization protocols.

Growth Catalysts and Target for 2026

  • Macroeconomic Shift: Declining interest rates push on-chain investors toward stable, institutional yield products.
  • Banking Rails Integration: Broadening cross-chain deployments across major public and institutional private ledgers.
  • Growth Target: Backed by structural inflows into tokenized securities, ONDO targets a price target expansion toward $2.50 to $3.10 as total value locked (TVL) hits new milestones.

4. Near Protocol (NEAR) – The Foundational Layer for AI Agents

Project Ecosystem Overview

Near Protocol has evolved significantly from a standard smart contract platform into a core foundational layer for cross-chain "user intents" and autonomous AI agents. In 2026, decentralized applications rely heavily on AI agents executing transactions autonomously on behalf of users. Near provides the cryptographic framework necessary for these agents to interact across multiple chains securely.

Through its advanced chain abstraction technology, Near eliminates the friction of managing multiple wallets, gas fees, and network bridges. This enables seamless interactions where software can transact instantly behind a unified interface.

Growth Catalysts and Target for 2026

  • AI Agent Web Integration: Infrastructure partnerships with web infrastructure providers to automate micro-payments for data and API processing.
  • Mass Consumer Adoption: Positioned as the primary abstract layer for Web3 consumer applications.
  • Growth Target: Driven by the narrative of autonomous on-chain commerce, NEAR's valuation targets a structural move toward $8.50 to $11.00.

5. Base (Ecosystem Tracking Token / Base Infrastructure)

Project Ecosystem Overview

While Base does not feature a native network token, it dominates the Ethereum Layer-2 ecosystem, capturing over 60% of total L2 network revenues according to on-chain analytics. Developed by Coinbase, Base serves as the primary gateway for retail capital entering Web3.

The ecosystem's primary value capture mechanisms flow directly back to the wider Ethereum L2 infrastructure layer and decentralized protocols built natively on the network (such as high-performance automated market makers and decentralized derivatives exchanges like Hyperliquid). It serves as an essential index for measuring the health of retail on-chain activity.

Growth Catalysts and Target for 2026

  • Smart Wallet Proliferation: Coinbase’s native smart wallets allow millions of mainstream users to interact with applications smoothly using passkeys.
  • DeFi Capital Concentration: Base remains the most profitable execution environment for decentralized applications on Ethereum.
  • Growth Target: For investors tracking this ecosystem, native building blocks within the L2 layer present clear asymmetric upside, with core ecosystem application tokens targeting a 3x to 5x growth multiple over the summer trading cycle.

Altcoin Market Allocation Comparison

To help visualize how to diversify into these sectors, investors can analyze how these top projects balance different market opportunities:

Asset NameCore Sector CategoryPrimary Utility MetricInstitutional Support
Solana (SOL)Layer-1 BlockchainHigh-speed payment settlements & Retail DeFiHigh (Spot ETFs & Fintech partnerships)
Bittensor (TAO)Artificial Intelligence (AI)Incentivized distributed compute powerMedium-High (Crypto-native funds & Staking)
Ondo Finance (ONDO)Real-World Assets (RWA)Tokenized treasury bonds & Institutional yieldVery High (TradFi integrations)
Near Protocol (NEAR)AI Infrastructure / L1Chain abstraction & AI agent interactionsMedium (Developer ecosystem)
Base InfrastructureLayer-2 (L2) EcosystemSmart wallet retail onramps & Scalable DeFiHigh (Coinbase ecosystem support)

Summary: Building a Strategic Crypto Portfolio for June 2026

Success in the current crypto market requires a clear shift away from speculative assets toward platforms that generate verifiable economic value. Allocating capital across dominant Layer-1 chains like Solana, decentralized AI frameworks like Bittensor, and institutional infrastructure like Ondo Finance provides balanced exposure to the most resilient narratives of this market cycle.

Visa, Mastercard, and Stripe Prepare Unified Stablecoin Payment Platform
Wed, 03 Jun 2026 13:47:24

The boundary between traditional payment networks and decentralized infrastructure is dissolving. Global payment leaders Visa, Mastercard, and Stripe are in advanced stages of launching a collaborative, institutional-grade stablecoin platform.

The joint initiative aims to standardize digital currency routing across legacy financial systems and capture the rapidly expanding market share of programmable, dollar-pegged digital assets.

The Push for Native Onchain Settlement

The cooperative project signals a collective strategic pivot. Stablecoin networks processed an unprecedented $33 trillion in total transaction volume last year, pushing past the cumulative settlement figures of standard credit card processors. Rather than competing against decentralized protocols externally, the payments triumvirate is building a native layer to absorb and route these token flows directly through their own ledgers.

The platform's primary utility centers on institutional settlement, business-to-business (B2B) cross-border routing, and programmatic liquidity provisioning. According to industry insiders, top-tier U.S. cryptocurrency exchange Coinbase is also positioned to participate in the joint launch, adding a deep consumer liquidity foundation to the network.

Integrating Bridge Infrastructure for Merchant Scale

The move leverages major corporate infrastructure plays executed recently. Stripe’s ongoing integration of its $1.1 billion acquisition, Bridge—a leading stablecoin orchestration network—supplies the technological backbone for the system. Concurrently, Visa has expanded its pilot programs with Bridge to enable programmatic, stablecoin-backed card issuance across 18 countries, targeting growth to over 100 countries.

The architecture addresses three core corporate payment bottlenecks:

  • Instant Currency Authorization: Automated conversion mechanisms that allow digital asset balances to clear instantly at terminal points-of-sale without price slippage.
  • Direct Acquiring Settling: Enabling international merchants to receive business revenues directly in major fiat-backed tokens like USDC or EURC, completely bypassing traditional banking intermediaries.
  • Low-Cost B2B Remittances: Providing international supply chains with cross-border rails that cut standard transaction fees from the standard 1.5% to 3% down to sub-0.1% levels.

By pooling their technical reach, the participants create an insulated payment system that prevents capital flight from legacy banking systems toward entirely non-intermediated, decentralized payment architectures.

Crypto Price Today: Why is the Crypto Market Crashing? BTC, ETH, SOL and XRP Price Update
Wed, 03 Jun 2026 10:05:01

The digital asset market is experiencing heavy selling pressure today. The total cryptocurrency market capitalization has fallen to $2.29 trillion, marking a significant 8.7% decline over the past week.

As liquidations mount across major exchanges, traders are assessing whether this downward trajectory is a temporary correction or the start of a prolonged bearish phase.

TOTAL_2026-06-03_12-57-27.png
Total crypto market cap in USD over the last week

Why is the Crypto Market Crashing Today?

The current market downturn stems from a combination of macroeconomic data releases, shifting monetary policy expectations, and heavy derivatives liquidations.

1. Macroeconomic Pressures and Interest Rate Outlook

Risk assets, including cryptocurrencies, are reacting to recent economic data indicating sticky inflation. This has led market participants to price in a "higher-for-longer" interest rate environment by global central banks. When interest rates remain elevated, capital typically rotates out of speculative assets like cryptocurrencies and into yields guaranteed by government bonds.

2. Cascading Derivatives Liquidations

The breach of key technical support levels for Bitcoin triggered an automated wave of long liquidations. According to data tracking platforms like Coinglass, hundreds of millions of dollars in leveraged bullish positions were wiped out within a 24-hour window. This forced selling accelerated the downward momentum across all major altcoins.

3. Institutional Capital Outflows

Data from institutional fund managers reveals a slowdown in net inflows into spot Bitcoin and Ethereum ETFs. A multi-day streak of net outflows indicates that institutional appetite has cooled off temporarily, reducing the baseline buying pressure required to sustain higher price levels.

Top Cryptocurrencies Price Analysis

Large-cap digital assets are flashing red, with layer-1 protocols suffering the sharpest intraday losses.

Bitcoin (BTC) Price Update

$Bitcoin is currently trading at $66,600, reflecting a 3% drop over the last 24 hours. BTC failed to sustain its position above the $68,000 psychological threshold. The immediate horizontal support now sits at $65,000. If buyers fail to defend this zone, a deeper retest of the $62,000 macro level is likely.

Ethereum (ETH) Price Update

$Ethereum has underperformed Bitcoin today, dropping 5% in the last 24 hours to trade at $1,880. The asset has broken below its short-term moving averages. Analysts monitor the $1,800 support level closely, as breaking below it could invalidate the current medium-term bullish structure.

Solana (SOL) Price Update

$Solana has matched Ethereum's downside, falling 5% over the past 24 hours to sit at $75.00. Despite strong network activity, SOL remains highly sensitive to broader market liquidity drains. Resistance is now firmly established at $82.00, while structural support rests near $70.00.

Ripple (XRP) Price Update

$XRP has shown relative resilience compared to its peers, down just 1.5% in the last 24 hours to trade at $1.23. Ongoing regulatory developments and liquidity patterns unique to the asset have decoupled its short-term price action slightly from the broader market dump, though it remains capped by overhead resistance at $1.30.

Market Outlook

The crypto market structure is currently undergoing a leverage flush. While the immediate intraday trend remains bearish, historical data shows that corrections of 10% to 15% are common structural occurrences during broader market cycles. Market participants are advised to monitor institutional fund flows and upcoming regulatory announcements, which can be tracked on major financial networks like Bloomberg.

Bitcoin Crash to $67,400 as Google and Berkshire Team Up for Massive $80B AI Fund
Tue, 02 Jun 2026 17:13:35

Institutional Capital Rotates Out of Crypto Into Artificial Intelligence

$Bitcoin experienced a sharp 5.6% decline, dropping to the $67,400 mark following major corporate developments in the tech and traditional finance sectors. The market sell-off aligns with a massive capital allocation shift after Google launched an $80 billion artificial intelligence (AI) capital raise.

BTCUSD_2026-06-02_20-08-39.png
Bitcoin Price Crash in USD over the past week

The initiative is notably backed by Warren Buffett's Berkshire Hathaway. This collaboration marks one of the largest institutional capital rotations from digital assets into AI infrastructure in recent financial history. Asset managers and corporate treasuries are rebalancing portfolios to fund these high-conviction AI initiatives, pulling liquidity directly out of the cryptocurrency ecosystem.

Crypto Treasury Inflows Collapse by 95% in May

The pressure on digital asset prices follows a broader liquidity drought that intensified over the last month. Data reveals that crypto treasury inflows collapsed by 95% throughout May, recording their lowest operational levels since 2024.

This drastic slowdown in capital entering crypto funds signaled an early warning of the institutional pivot. The sudden emergence of the mega-cap Google-Berkshire fund has accelerated this trend, leaving Bitcoin to test key support levels as buy-side pressure from corporate treasuries temporarily dries up.

Latest Cryptocurrency Prices

  • Bitcoin ($BTC): $67,400 (-5.6%)
  • Ethereum ($ETH): $1,920 (-3.2%)
  • Solana ($SOL): $76.50 (-4.8%)
  • $XRP: $1.23 (-4.7%) 
Ethereum Price Crashing Below $2,000 as Bitcoin Breaks Critical $70,000 Support
Tue, 02 Jun 2026 11:13:14

Ethereum Fails to Hold $2,000 as Bitcoin Plummets

The cryptocurrency market is experiencing a severe intraday correction on June 2, 2026. Ethereum ($ETH) has officially breached its critical $2,000 psychological support zone, hitting an intraday low near $1,963. This macro markdown follows a systemic bleed-out led by Bitcoin ($BTC), which cascaded below the definitive $70,000 threshold for the first time in nearly two months.

ETHUSD_2026-06-02_14-10-38.png
Ethereum price in USD over the past week

The downside momentum accelerated during early European trading hours, triggering automated stop-losses and derivative liquidations across major digital asset exchanges like Bitstamp and Binance.

Why is the Crypto Market Crashing Today?

The driving force behind Ethereum’s sudden decline is entirely tied to the negative structural shift in Bitcoin’s price action. The leading cryptocurrency faced dual headwinds that crushed buyer sentiment over the last 24 hours:

  • Strategy’s Surprise Token Sale: MicroStrategy (disclosed on markets simply as Strategy) revealed its first $Bitcoin liquidation since late 2022. The corporate treasury sold $2.5 million worth of BTC to satisfy preferred shareholder dividends. While the nominal amount is small, the break in Michael Saylor's strict "HODL" playbook heavily spooked market participants.
  • Massive ETF Outflows: According to institutional data compiled by Bloomberg, US spot Bitcoin ETFs are currently on a record-breaking 11-day streak of net capital outflows, with investors yanking nearly $3.5 billion from fund vehicles amid escalating geopolitical tensions between the US and Iran.
total crypto market cap crashing

As capital aggressively rotated out of Bitcoin, the wider altcoin landscape collapsed. Since $Ethereum remains tightly correlated with BTC's market dominance, the drop under $70,000 forced an immediate technical breakdown in Ethereum.

Ethereum Technical Analysis: $1,800 is the Next Defensive Line

Looking at the 4-hour ETH/USD chart, the price action paints an intensely bearish picture for short-term holders.

ETHUSD_2026-06-02_14-05-20.png

Key Technical Indicators to Watch:

  • The $2,000 Pivot: The horizontal orange line represents the critical psychological barrier. By failing to sustain liquidity above $2,000, this zone has officially flipped from an active support floor into a major overhead resistance level.
  • Relative Strength Index (RSI): The 14-period RSI has slid down to 39.89, signaling that while the market is approaching oversold conditions, there is still clear room for momentum-driven downside before a technical bounce can be sustained.
  • The $1,800 Baseline: If the selling pressure intensifies, the primary macro support targeted by bears sits at the green horizontal line of $1,800.0. Traders should monitor daily and weekly closes closely; a structural failure to defend $1,800 could risk a deeper retest toward late 2024 macro lows.

Decrypt

Walrus Memory Enables AI Agents to ‘Actually Learn About Us’: Mysten Labs Co-Founder
Wed, 03 Jun 2026 17:31:02

With its new portable memory layer, Walrus Memory lets AI agents carry context across apps, sessions and providers—putting users in control.

Mastercard Expands Stablecoin Settlement via Circle's USDC, Ripple's RLUSD and Beyond
Wed, 03 Jun 2026 17:23:31

Mastercard said it's deepening its commitment to the "always-on" economy, buffing out its stablecoin settlement capabilities.

Stripe Millionaire Loses Bid for Congress to Candidate Backed by Ripple Co-Founder
Wed, 03 Jun 2026 16:53:21

Former Stripe engineer Saikat Chakrabarti lost his bid to succeed Nancy Pelosi in California to a candidate backed by Ripple's Chris Larsen.

Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?
Wed, 03 Jun 2026 16:35:13

With STRC trading under $100, experts are at odds over whether the sale has exposed a “structural crack” in Strategy’s Bitcoin flywheel.

Zcash Completes 'Most Ambitious' Network Upgrade as ZEC Resumes Recent Surge
Wed, 03 Jun 2026 15:05:53

A Zcash vulnerability could have allowed double-spending within the network's flagship privacy pool, though no exploitation occurred.

U.Today - IT, AI and Fintech Daily News for You Today

Coinbase Employees Found Behind 'Law Enforcement' Letter to Congress
Wed, 03 Jun 2026 16:59:12

A major digital asset policy push by the Blockchain Association is facing intense scrutiny after critics revealed that many of its "law enforcement" signatories are currently employed as industry insiders at major cryptocurrency firms.

XRP Eyes $0.95 Floor After 1,614% Liquidation Imbalance Triggers Price Flush
Wed, 03 Jun 2026 16:01:30

An $18 million liquidation cascade flushes XRP to $1.22, exposing a 1,614% margin imbalance and putting the $0.95 floor in focus.

Michael Saylor Says He's 'Back to Work' After Bitcoin Triggers $792 Million Liquidations
Wed, 03 Jun 2026 15:08:45

Michael Saylor defends Strategy's 843K BTC war chest with 'Back to Work' cry as Bitcoin flushes $792 million in leverage.

XRP Bulls on Alert as June Marks Historical Weakest Month Since 2018
Wed, 03 Jun 2026 13:56:41

XRP’s historical data suggests that the asset may face further price declines this month as June proves to be one of XRP’s weakest-performing months.

Dozens of Companies at Risk? Cardano Founder Responds to Critics With Warning
Wed, 03 Jun 2026 13:50:44

Cardano founder Charles Hoskinson explains what might be at stake amid economic challenges facing the ecosystem.

Blockonomi

Sadot Group (SDOT) Stock Soars 91% Following $12M Anira Consulting Acquisition
Wed, 03 Jun 2026 17:39:17

Key Highlights

  • Sadot Group finalized the purchase of 100% of Anira Consulting FZC (Tradewell), based in the UAE, for a total of $12 million on June 2, 2026
  • The transaction brings TradeOS into the fold—a comprehensive Commodity Trading and Risk Management (CTRM) solution designed for enterprise use
  • The purchase price was settled entirely through equity issuance and a convertible note bearing zero interest, with all instruments convertible at $3.00 per share
  • Both the preferred shares and convertible instrument include ownership limitation provisions and require Nasdaq stockholder approval
  • Shares of SDOT climbed more than 91% following the announcement, despite the firm’s modest market capitalization of only $2.44 million

Sadot Group finalized its purchase of Anira Consulting FZC on June 2, 2026, bringing a Sharjah-headquartered commodity trading operation and its proprietary TradeOS CTRM technology under its umbrella for a transaction value of $12 million.


SDOT Stock Card
Sadot Group Inc., SDOT

Shares of SDOT jumped over 91% following the announcement. For a business with a total market valuation of merely $2.44 million, this represents an extraordinary single-session gain.

The transaction was structured entirely without cash payments. The purchase consideration consisted of 135,000 common shares priced at $3.00 each, 1,000 Series B preferred shares with a unit value of $6,595, and a $5 million convertible promissory note carrying zero interest and maturing on June 2, 2028.

Both the preferred equity and the note carry conversion rights into common shares at $3.00 per unit, though these are restricted by ownership limitation clauses and Nasdaq stockholder approval requirements.

Anira Consulting conducts business under the Tradewell brand and maintains its registration within the Sharjah free zone in the United Arab Emirates. Its primary focus areas include physical commodity trading operations and risk management advisory services.

TradeOS Platform Capabilities

TradeOS represents the primary strategic asset in this transaction. The platform functions as an enterprise-level CTRM solution engineered to manage trade execution, live profit and loss calculation, risk assessment, logistics coordination, treasury operations, financial accounting, and compliance requirements within an integrated straight-through processing framework.

This represents a comprehensive technology suite for a platform now owned by an organization of Sadot’s current scale. Company officials characterized the acquisition as materially significant to Sadot’s business operations.

Under the deal terms, revenues generated by Anira will be directed first toward settling pre-existing obligations and software-related commitments before distribution elsewhere. Sadot indicated this revenue waterfall structure was implemented to control dilution exposure and mitigate credit risk.

Wall Street Maintains Skeptical Stance

The risk factors are clear-cut: significant revenue decline across the past twelve months, substantial operational losses, negative shareholder equity, and persistent cash consumption.

Sadot is additionally navigating an outstanding Nasdaq equity listing compliance matter and recently executed an expansion of its authorized share count—both identified as supplementary risk considerations.

Technical indicators point to a Sell rating, with typical daily trading volume hovering around 539,000 shares. The stock has maintained a downward trajectory, and technical analysts observe that oversold conditions have not yet triggered a trend reversal.

Sadot Group’s present market capitalization stands at $2.44 million, firmly positioning it within micro-cap classification. The 91% intraday price movement underscores the extremely limited liquidity in the stock.

The Anira and TradeOS acquisition represents Sadot Group’s declared strategy to construct a technology-powered commodity trading enterprise. The transaction reached completion on June 2, 2026, with the definitive Share Purchase Agreement executed on the same date.

The post Sadot Group (SDOT) Stock Soars 91% Following $12M Anira Consulting Acquisition appeared first on Blockonomi.

Michael Burry Nvidia Warning: AI Boom Built on Customer Concentration and Hidden Debt Risks
Wed, 03 Jun 2026 17:34:04

TLDR:

  • Nvidia now depends on three customers for 64% of receivables, increasing concentration risk sharply.
  • Burry argues much AI spending reflects benchmarking activity rather than sustainable long-term demand.
  • Tech giants reportedly hold $662 billion in off-balance-sheet AI commitments hidden from investors.
  • Private equity, insurers, and offshore reinsurers may amplify risks if AI spending slows abruptly.

Michael Burry has raised fresh concerns about Nvidia’s revenue structure, warning that the chipmaker’s financials rest on a dangerously narrow customer base.

Burry argues that current AI spending patterns resemble a temporary buildout phase rather than permanent demand.

He introduces the concept of the “bezzle” to describe inflated spending that may sharply reverse. His analysis also connects Nvidia’s risk to a broader web of hidden financial commitments across the tech sector.

Nvidia’s Customer Concentration Raises Red Flags

Michael Burry Nvidia analysis centers on a striking shift in accounts receivable data. Three customers now account for 64% of Nvidia’s total accounts receivable.

That figure stood at 33% in 2020, meaning concentration has nearly doubled in just a few years. The jump of eight percentage points in a single quarter alone draws attention.

This level of concentration means Nvidia’s revenue depends heavily on the spending decisions of very few buyers. Any slowdown from those buyers would create a sizable gap in Nvidia’s reported numbers.

Burry describes the current AI spending environment as companies “flying empty airplanes around.” The reference points to benchmarking activity, model testing, and leaderboard competition rather than real, recurring demand.

Burry’s core argument is that this benchmarking phase will eventually end. When it does, those concentrated customers will have far less reason to maintain current chip order volumes.

The financial model holding Nvidia’s growth narrative together may then face a serious stress test. Markets have largely priced in sustained demand, which makes any deceleration more painful.

The danger is not that artificial intelligence as a technology is fraudulent. Rather, the concern is that a large portion of today’s AI infrastructure spending serves a temporary competitive signaling function. Once that function is served, the underlying procurement rationale shifts considerably.

Hidden Commitments and Offshore Risk Structures

Beyond Nvidia’s customer base, Burry points to a broader financing architecture that amplifies the risk. Microsoft, Amazon, Alphabet, Meta, and Oracle carry a combined $662 billion in off-balance-sheet AI commitments, according to Moody’s.

Standard accounting rules allow companies to exclude these figures from reported financials entirely. That means the true scale of AI infrastructure obligations remains largely invisible to public investors.

Private equity firms have moved to finance this buildout by acquiring life insurance companies. Those insurers collect premiums from ordinary policyholders and redirect that capital into the PE firms’ own illiquid assets.

The risk is then pushed offshore through captive reinsurers set up in Bermuda, where capital requirements are lighter. Each layer of this structure adds distance between the underlying risk and public disclosure.

The interlocking nature of these arrangements is what makes a potential unwind so disruptive. The same PE firms own the insurance vehicles funding AI debt.

The same Bermuda structures carry the reinsurance exposure. If a major hyperscaler exits a data center commitment, every connected counterparty faces pressure simultaneously.

Burry’s warning, therefore, covers two overlapping risks. One is Nvidia-specific and tied to customer concentration.

The other is systemic, involving hundreds of billions in commitments that have been structured to remain off the books until they cannot be.

The post Michael Burry Nvidia Warning: AI Boom Built on Customer Concentration and Hidden Debt Risks appeared first on Blockonomi.

4 AI Trading Bot Apps for Mobile Users in June 2026
Wed, 03 Jun 2026 17:30:19

Introduction

Most people searching for an AI trading bot app in 2026 want a practical answer to one question: which app will actually work for me on my phone, without turning into a part-time job?

That’s harder to answer honestly than most comparison articles let on. The mobile trading app category is flooded with platforms making nearly identical claims — AI-powered, 24/7 automation, no experience needed. Some are real. Some are marketing. And a meaningful number are outright scams, which is why both the SEC and the CFTC have issued specific warnings about AI trading bots targeting retail users.

This article covers four platforms representing genuinely different approaches to mobile AI trading in June 2026: SaintQuant, 3Commas, TrendSpider, and Pionex. Each solves a different problem. The goal is specific enough that you can match one to how you actually trade.

What Makes a Mobile Trading App Actually Useful?

Before the platform breakdowns, it’s worth being clear about what “good” looks like on mobile specifically — because the standards are different from desktop.

A useful mobile trading bot app needs to do four things well:

1. Show you what’s happening at a glance. If you need three taps to find out whether your strategy is active or paused, the app has failed its core job. Mobile users check quickly and leave. The dashboard needs to answer “am I running, and is it working?” in under ten seconds.

2. Let you stop fast. Crypto markets can move 10% in an hour. If you can’t pause or kill a strategy from your phone in under thirty seconds, the mobile experience is a liability, not an asset.

3. Not requiring a desktop to set up. An app that forces you to configure everything on a browser first and then “monitor” on mobile is not a mobile app. It’s a desktop app with a companion screen.

4. Be honest about what it can’t do. The best mobile trading apps are clear about risk, clear about strategy logic, and don’t bury the stop button behind upsell screens.

With those criteria in mind, here’s how the four platforms compare.

Quick Comparison

Platform Best Mobile Use Case Markets Experience Level Free Entry Point
SaintQuant One-click strategy activation, passive monitoring Crypto, stocks, futures Beginner–intermediate $99 trial credit + $7 bonus, no deposit
3Commas Managing crypto bots across connected exchanges Crypto only Intermediate Free plan (limited bots)
TrendSpider Chart alerts and automated technical analysis Stocks, ETFs, crypto, forex, futures Intermediate–advanced 7-day free trial
Pionex Built-in exchange with free grid and DCA bots Crypto only Beginner–intermediate Free built-in bots

1. SaintQuant — Best for Beginners Who Want to Actually Start

If you’ve been curious about automated trading but keep hitting a wall of technical setup, SaintQuant is built specifically for that problem. It’s a no-code AI trading platform covering cryptocurrencies, stocks, and futures — and unlike most platforms in this category, it doesn’t make you earn the right to use it by learning how to connect exchange APIs or configure strategy parameters first.

The workflow is genuinely simple: pick a pre-built quantitative strategy, review the built-in risk settings, and activate. The AI handles market monitoring and execution from there — including overnight and through weekends when crypto markets are moving but most people aren’t watching.

Why it stands out for mobile users

The thing that makes SaintQuant particularly well-suited to mobile is that simplicity isn’t a dumbed-down version of the real product. The strategies are built on quantitative models maintained by SaintQuant’s team, with risk controls embedded at the architecture level. You’re not getting a watered-down bot — you’re getting the same execution logic as a fully funded account, delivered through an interface that doesn’t require you to configure it.

For mobile users, that matters because the alternative is trying to manage complex parameter settings on a small screen. With SaintQuant, the setup decision has already been made. Your job on mobile is to monitor, adjust risk tolerance if needed, and pause if conditions change.

The honest caveat

SaintQuant is not the right choice if you want to build custom strategies, connect your own exchange API, or run highly specific technical configurations. The tradeoff for simplicity is control — and experienced traders who want to tune every parameter will find the platform restrictive. It’s designed for systematic, passive participation, not hands-on algorithmic experimentation.

What beginners should know before starting

The search data makes clear that a huge portion of people looking for “best crypto trading bot for beginners” are also asking “are trading bots profitable” and “is it a scam.” Those are the right questions. SaintQuant’s pre-built strategies can lose money — no automated system removes market risk. The value is consistency and discipline, not guaranteed returns.

New user offer

New users receive a $99 free starter trial credit and a $7 instant cash bonus on registration, with no deposit required and no hidden conditions. This lets you see the platform run on live markets before committing personal capital — which is a meaningful advantage for anyone still deciding whether automated trading makes sense for them.

Best mobile scenario: You want to activate a crypto or stock strategy, let it run while you’re at work, and check in from your phone once a day without needing to manage it constantly.

2. 3Commas — Best for Crypto Traders Who Want Bot Control

3Commas is one of the most established names in crypto bot management, and for good reason. If you’re already comfortable with crypto exchanges — you understand how Binance, Coinbase, or Kraken work, you’ve connected API keys before, and you know what DCA and grid strategies do — 3Commas gives you a genuinely powerful mobile control panel.

The platform connects to your existing exchange accounts and lets you build, monitor, and adjust bots from one dashboard. Grid bots, DCA bots, signal-based bots, composite bots — the strategy library is deep. And the mobile app keeps you connected to all of it without opening your exchange’s native app.

Why it stands out for mobile users

The core mobile value of 3Commas is centralisation. If you have accounts on multiple exchanges, you’d normally need separate apps, separate logins, and separate views to get a picture of what’s happening across your portfolio. 3Commas collapses that into one interface with real-time bot status, position updates, and performance metrics.

For a crypto trader who runs multiple strategies across multiple exchanges, that’s not a convenience — it’s a meaningful operational improvement.

The honest caveat

3Commas is not a beginner app. Setting up a DCA bot correctly requires understanding the strategy logic. Getting API permissions right (read-only vs trading vs withdrawal — never grant withdrawal access) requires attention. And the pricing structure adds up: the free plan is limited to a small number of bots, and serious users will need a paid tier.

There’s also a historical note worth mentioning: 3Commas experienced a significant API key breach in 2022. The company has addressed security since then, but anyone considering the platform should verify current security practices, use read-only API permissions where possible, and never grant withdrawal access.

What intermediate users should know

“Set and forget” is one of the most searched phrases associated with crypto bots, and it captures a real desire — but it’s not how 3Commas actually works at its best. The platform rewards users who check in regularly, review bot performance, and adjust settings when market conditions shift from ranging to trending or vice versa. A grid bot optimised for sideways markets will lose money in a strong directional move if no one adjusts it.

Best mobile scenario: You run two or three crypto bots across Binance and Coinbase and want to monitor performance, receive alerts, and adjust settings from your phone without opening three separate exchange apps.

3. TrendSpider — Best for Traders Who Want Smart Alerts, Not Automation

TrendSpider occupies a different category than the other three platforms on this list. It’s not a trading bot in the traditional sense — it won’t place trades for you. It’s an automated market analysis platform that watches charts, identifies technical conditions, and sends you alerts when something worth your attention is happening.

For traders who want to stay in control of their own execution but spend less time staring at charts, that’s a genuinely valuable distinction. TrendSpider’s AI scans for technical setups, trend changes, and price level triggers across stocks, ETFs, crypto, forex, and futures — and pushes alerts to your phone the moment conditions are met.

Why it stands out for mobile users

The June 2026 market environment is one where many traders are watching multiple signals simultaneously: AI-related tech stocks, crypto momentum, rate expectations, earnings reactions. Monitoring all of that manually is not realistic. TrendSpider automates the watching part while leaving the trading decision with you.

For mobile specifically, this means your phone becomes a genuine early-warning system rather than just a trade execution terminal. You get the alert, you assess the context, you decide. That’s a more active relationship with trading than a set-it-and-forget-it bot, but it’s also more transparent about what’s actually driving decisions.

The honest caveat

TrendSpider has a meaningful learning curve for new users. The platform’s power comes from features like multi-timeframe analysis, automated trendline detection, and customisable alert conditions — and understanding how to configure those correctly takes time. It’s also subscription-based at a price point that assumes you’ll get enough use from it to justify the cost.

If you just want crypto price alerts, a free exchange app does the same job. TrendSpider earns its cost for traders who use technical analysis seriously and want that analysis automated across a large number of assets.

Best mobile scenario: You’re a technical trader watching 20+ assets across stocks and crypto. You want your phone to tell you when a setup is forming, not when a bot has already acted on it.

4. Pionex — Best Free Option for Crypto Bot Beginners

Pionex earns its place on this list because it answers a question that the other three platforms don’t: what if I want to try automated crypto trading for free, with no monthly subscription?

Pionex is a regulated crypto exchange that has built a library of trading bots directly into the platform — no API connections needed, no third-party subscription, no configuration overhead. The grid bot and infinity grid bot are the most popular, and they work as advertised for ranging markets. You fund a position on Pionex, activate a bot, and it runs.

Why it stands out for mobile users

The Pionex mobile app is genuinely functional. Bot activation, position monitoring, and strategy adjustments are all accessible from the app. For someone who wants to dip their toes into automated crypto trading without paying for a subscription first, Pionex provides a real, working experience at zero cost beyond trading fees.

The honest caveat

Pionex’s built-in bots are simple by design. Grid bots work well in sideways markets and struggle in strong directional moves. The platform’s range of strategies is narrower than 3Commas, and there’s no stock or futures market access. If crypto bot trading clicks for you on Pionex and you want more flexibility, you’ll likely outgrow it relatively quickly.

As with any exchange, you’re also holding funds on the platform — so standard exchange risk applies. Use two-factor authentication, don’t store more than you need for active bots, and verify the platform’s current regulatory standing in your jurisdiction.

Best mobile scenario: You want to try a crypto grid bot for the first time without paying a subscription fee. Pionex lets you run real bots on real markets from your phone, for free.

How to Choose: Match the App to Your Actual Situation

The right answer depends on where you are right now, not on which platform has the longest feature list.

If you’re new to automated trading and want to start without a technical learning curve → SaintQuant’s no-code approach and free trial credit mean you can see the platform working before you commit. The multi-market coverage (crypto, stocks, futures) also means you’re not locked into one asset class.

If you’re an active crypto trader who already uses exchanges and understands bot mechanics → 3Commas gives you more configuration control and cross-exchange centralisation than any other mobile option.

If you’re a technical trader who wants automated analysis but keeps control of your own execution → TrendSpider’s alert automation is the most practical tool for traders who think in charts and want their phone to watch the market while they’re busy.

If you want to try automated crypto trading for free before paying anything → Pionex is the clearest answer. Real bots, no subscription, works on mobile.

Mobile Safety Checklist

Before activating any automated trading app, run through this checklist:

  • If connecting exchange APIs, have you disabled withdrawal permissions?
  • Do you understand the basic logic of the strategy you’re activating?
  • Do you know how to pause or stop the bot quickly from your phone?
  • Have you started with a small amount while you learn the platform?
  • Does the platform avoid making specific profit guarantees?
  • Have you reviewed the platform’s fee structure before funding?
  • Are activity logs visible so you can see what the bot has done?

If any answer is no, address it before going live. The SEC and CFTC warnings about AI trading bots exist because the category attracts genuine fraud alongside legitimate products. Checking these basics takes five minutes and matters every time.

Are Trading Bots Actually Profitable?

This is the question most comparison articles sidestep, so let’s be direct about it.

Trading bots are tools, not income streams. A bot will execute a strategy faster and more consistently than a human, but it can’t make a bad strategy good. A grid bot in a downtrending market will systematically buy at each step down. A DCA bot accumulating a coin that never recovers will accumulate losses. A quantitative strategy with poor risk controls can compound losses quickly.

What automation genuinely improves is consistency and discipline — the bot doesn’t panic, doesn’t revenge trade, doesn’t get overconfident after a winning streak. For traders who have a sound, tested approach, removing those behavioural failure points is real value.

The traders who do worst with bots are those who turn one on hoping it will do the work they haven’t done. The traders who do best treat bots as execution infrastructure for a strategy they already understand.

Frequently Asked Questions

Which AI trading bot app is best for beginners on mobile?

SaintQuant is the most accessible starting point for beginners because it doesn’t require technical setup, API configuration, or strategy-building. The $99 free trial credit means you can observe live performance before committing your own funds. Pionex is a close second if you specifically want to start with crypto grid bots at no subscription cost.

Is 3Commas safe to use?

3Commas is a legitimate, established platform, but it had a significant security incident in 2022. Always use the minimum necessary API permissions (never grant withdrawal access), enable two-factor authentication, and review their current security practices before connecting exchange accounts. No third-party trading platform should ever need withdrawal access to run bots.

Can TrendSpider place trades automatically?

TrendSpider is primarily an automated analysis and alert platform, not a trade execution tool. It can notify you when market conditions match your criteria, but the trading decision remains yours. Some integrations allow order triggers, but TrendSpider’s core value is research automation, not autonomous execution.

Do I need to monitor a trading bot if it’s automated?

Yes — “automated” doesn’t mean “unattended.” Market conditions change. A strategy that performs well in a ranging market can lose money in a trending one. Checking in regularly (at minimum once a day for active strategies), knowing how to pause everything quickly, and reviewing performance against expectations are still your responsibility even when a bot is running.

What’s the difference between SaintQuant and 3Commas?

SaintQuant is a no-code platform with pre-built quantitative strategies across crypto, stocks, and futures — designed for users who want systematic automation without technical setup. 3Commas is a bot management platform designed for crypto traders who want to configure and manage their own bots across connected exchange accounts. SaintQuant is simpler and more passive; 3Commas offers more configuration control but requires more crypto trading knowledge to use effectively.

Are AI trading bots legal?

Automated trading is legal in most jurisdictions, but regulations vary by country and asset class. In the US, the SEC and CFTC regulate trading activity and have both issued specific warnings about AI trading bot fraud. Using a legitimate, regulated platform is the baseline requirement. Always verify the regulatory status of any platform in your jurisdiction before funding an account.


Disclaimer: This article is for informational purposes only and does not constitute investment or financial advice. All trading carries risk of loss. Past performance of any strategy or platform is not indicative of future results.

The post 4 AI Trading Bot Apps for Mobile Users in June 2026 appeared first on Blockonomi.

Kevin O’Leary’s ZKP Keynote Reshapes the Conversation as Injective & ICP Crypto Lead the AI Rally in June 2026
Wed, 03 Jun 2026 17:00:52

The AI narrative in crypto has been the defining trade of 2026, and June is making that obvious in a way nobody can ignore. Injective is up roughly 73% over thirty days. Internet Computer broke out of a months-long consolidation and squeezed shorts into oblivion. Both are riding the same wave, capital rotating toward projects with credible AI infrastructure stories at a time when memes and speculative alts are getting punished.

But underneath the price action of these two names, a more interesting conversation has been quietly developing. Kevin O’Leary delivered a full keynote presentation for Zero Knowledge Proof (ZKP), that did not just promote a token. It reframed what the best crypto to buy actually means in the context of where AI is going.

Injective: The High-Beta Winner That Is Now Stretched

Injective has been one of the most aggressive runners in this rotation, and the catalysts behind the move are unusually well-stacked. INJ is trading around $6.49 with a market cap near $649 million and twenty-four hour volume around $241 million. The 30-day return sits at approximately 73.09%, the 7-day at 15.06%, but the last 24 hours show a 9.85% pullback that tells you exactly where the technical risk now lives.

The drivers are real. Binance US launched INJ staking, opening regulated US yield access. Bitnomial received CFTC approval for fully regulated INJ futures. Native USDC went live on Injective as Circle’s first MultiVM deployment. The ecosystem has been pushing an “AI agents plus onchain finance” narrative with Azure AI integrations and tokenized real-world asset infrastructure. A community buyback worth over $315,000 was scheduled for early June, adding a known window of net buying that traders front-ran aggressively.

The technical picture is where caution enters. INJ’s RSI14 is about 77.7 and RSI7 is above 83, both deeply overbought. Price sits above every key moving average but is far extended from the 200-day at $4.23. Fibonacci levels put support at $5.50 and $5.07 with swing resistance at $7.30. For investors evaluating the best crypto to buy at current prices, Injective is a strong asset but a poor entry. The move has already happened.

Internet Computer: The Earlier Stage AI Rotation Play

Internet Computer is the more interesting technical setup of the two. ICP is trading around $2.98 to $2.99 with a market cap near $1.65 billion and 24-hour volume around $232 million. The 30-day return is about 27.03% and the 7-day around 12.12%, a strong run but nothing like INJ’s vertical move.

The catalyst stack here is built on the decentralized AI compute narrative. ICP is being framed as a serious infrastructure play for AI workloads, transaction volume has spiked into the billions of monthly transactions reportedly surpassing Solana and BNB chain over a recent window, and the network’s burn mechanism recently logged its highest monthly burn since 2025. The breakout itself was amplified by more than $900 million in short liquidations around the $2.78 to $2.97 zone, a textbook short squeeze that brought ICP back above the $3.00 level.

Technically, ICP is less stretched than INJ. RSI14 sits at 58.9 and RSI7 at 67.9, bullish without being overbought. MACD is just crossing positive. The 61.8% Fibonacci retracement at $2.99 is the key pivot. Holding $2.80 to $3.00 opens a path to $3.60 to $4.00. Losing $2.50 to $2.60 means the breakout failed.

For investors searching for the best crypto to buy with established AI narrative exposure, ICP offers a cleaner technical setup than INJ but the easy money has already been made by anyone who bought the breakout. The asymmetric upside is shrinking with every dollar higher.

ZKP: The Trade Kevin O’Leary Is Actually Telling You About

This is where the conversation gets genuinely interesting. Because if you watched the keynote Kevin O’Leary recently narrated for Zero Knowledge Proof, what he was actually doing was reframing the entire AI investment thesis in crypto.

His argument was direct. Artificial intelligence is producing outputs that nobody can verify. Lawyers have filed court briefs citing AI-generated cases that never existed. Medical systems have delivered diagnoses based on fabricated clinical research. Financial models are generating reports that sound authoritative with no provable basis. The AI economy has no verification layer. ZKP is that verification layer. He called it the Age of Proof, the shift from belief to knowledge, from promises to verifiable mathematics.

What separates ZKP from Injective and Internet Computer is the stage of the opportunity. INJ and ICP are public assets where the AI thesis is already partially priced in. ZKP is a presale still in its earliest deterministic stages. The founding team deployed $100 million of their own capital before the public sale opened, $20 million on a four-layer blockchain infrastructure with live testnet and integrated zk-SNARK and zk-STARK proof systems, $17 million on Proof Pods (physical validator hardware shipping globally within five days), and $5 million on the domain. For investors looking for the best crypto to buy with genuine asymmetric upside, that pre-build commitment is almost without precedent in the early-stage space.

The presale runs across 25 deterministic stages. Stage 1 price is $0.0004 per token. The confirmed launch price is $0.04.

Takeaway

Injective is the late-stage momentum trade, overbought, stretched, and primed for shakeouts. Internet Computer is the mid-stage breakout play, cleaner technicals but the easy entry is gone. ZKP is the earliest stage AI infrastructure bet, a project Kevin O’Leary publicly framed as foundational to the Age of Proof.

For investors deciding what the best crypto to buy actually is in June 2026, the question is less about which AI narrative you believe and more about which stage of the cycle you want exposure to. INJ rewards traders who timed it three months ago. ICP rewards those who caught the breakout. ZKP rewards the investors who recognize that the most asymmetric returns in crypto come from being early to infrastructure the broader market has not yet recognized. The stages are closing. The crowd has not arrived. And for anyone evaluating the best crypto to buy this cycle, that combination remains genuinely rare.

Explore Zero Knowledge Proof:

Website: https://zkp.com/ 

Buy: purchase.zkp.com

X: https://x.com/ZKPofficial

Telegram: https://t.me/ZKPofficial

The post Kevin O’Leary’s ZKP Keynote Reshapes the Conversation as Injective & ICP Crypto Lead the AI Rally in June 2026 appeared first on Blockonomi.

Applied Aerospace & Defense (AADX) Debuts on NYSE After $650M IPO
Wed, 03 Jun 2026 16:50:51

Key Highlights

  • Applied Aerospace & Defense (AADX) set its initial public offering price at $20 per share, securing $650 million in capital
  • The defense contractor carries a market valuation near $3.5 billion, representing approximately 6x its projected 2025 revenue of $604 million
  • First-quarter results showed a $57 million operational deficit, though revenue surged almost 40% compared to the prior year
  • Product portfolio spans space launch equipment, unmanned aircraft systems components, and solid rocket propulsion elements
  • Major clients feature Anduril Industries, Boeing, and GE Aerospace

Applied Aerospace & Defense (AADX) commenced public trading on the New York Stock Exchange this Wednesday following an initial public offering priced at $20 per share, bringing in $650 million in fresh capital.

The Huntsville, Alabama-headquartered manufacturer offered 32.5 million shares to investors, settling on a price within its previously announced $18 to $21 range. Should underwriting banks fully exercise their greenshoe option, the company could collect approximately $750 million in total proceeds.

The public market debut assigns AADX an enterprise value around $3.5 billion — roughly six times its anticipated 2025 sales figure of $604 million.

The path to profitability remains a work in progress. During the first quarter, the business recorded a $57 million operating shortfall and failed to achieve positive earnings for the complete 2025 fiscal year.

Revenue expansion tells a different story. First-quarter sales jumped nearly 40% on a year-over-year basis, capturing investor attention and enthusiasm.

AADX manufactures an extensive array of components. The product lineup encompasses propellant storage tanks and additional space vehicle parts, structural components for unmanned aerial vehicles, solid rocket motor casings, engine drive shafts, airframe assemblies, and aerodynamic control surfaces.

The customer roster represents premier names in defense and aerospace manufacturing. Anduril Industries, Boeing, and GE Aerospace count among the company’s key accounts.

Private Equity Origins and M&A Strategy

AADX emerged from consolidation rather than organic growth. Private investment firm Greenbriar Equity Group orchestrated a merger between Applied Aerospace — established in 1954 — and PCX Aerosystems, which traces its roots to 1900, forming the combined entity in the previous year.

Chief Executive James “Trip” Ferguson formerly headed the Space, Cyber, and Directed Energy business unit at AeroVironment (AVAV) prior to assuming leadership of the organization.

The market entry timing appears strategic. Multiple defense technology enterprises have accelerated their path to public markets in New York recently, with numerous listings completed over recent weeks — such as aerospace component producer Arxis (ARXS), unmanned systems developer AEVEX (AVEX), and radio frequency monitoring specialist Hawkeye 360 (HAWK).

Industry Momentum and Market Dynamics

Investor demand for space-related and defense equities has maintained strong momentum. Rocket Lab (RKLB) climbed more than 55% during the month preceding Wednesday’s market action, fueled primarily by anticipation surrounding the SpaceX public offering expected to assign that enterprise an approximately $1.8 trillion valuation.

Unmanned aerial systems have attracted increased attention following escalating tensions in the U.S.-Israeli confrontation with Iran. The Pentagon’s emphasis on affordable anti-drone technologies has sustained sector visibility among the investment community.

AADX’s diversified offerings — space infrastructure, drone subsystems, missile components — align directly with these prevailing investment themes.

Morgan Stanley and Jefferies served as primary underwriting banks for the transaction. AADX began NYSE trading Wednesday using the ticker designation “AADX.”

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CryptoPotato

Why Zcash (ZEC) Network Looked Offline for Hours – But Wasn’t
Wed, 03 Jun 2026 16:55:48

For a few hours on Wednesday Asia time, the Zcash blockchain appeared to have stopped producing new blocks, raising concerns that the network may be experiencing downtime.

However, several observers clarified that the issue was not with the blockchain itself but with block explorers, which were failing to update correctly.

Zcash Outage Scare

Earlier in the day, block explorers showed no new blocks after block 3,364,603, recorded at 5:28 a.m. UTC, for more than four hours, fueling speculation that the chain had gone offline. Directly addressing confusion, Helius CEO Mert Mumtaz stated that reports of a network outage were incorrect.

He explained that the network was fully functional and that the apparent disruption was caused by some block explorer applications being connected to a faulty node, which led to incorrect displays of chain activity. As a result, users saw no new blocks being reported, even though the chain continued operating normally in the background.

The misleading appearance of inactivity followed a coordinated network upgrade within the Zcash ecosystem that had been carried out to address a vulnerability affecting Orchard, Zcash’s latest shielded pool. According to a statement from the Zcash Open Development Lab (ZODL), the upgrade was initiated on the evening of Monday, June 1, in response to an issue identified in Orchard. Developers, infrastructure operators, miners, exchanges, and other independent participants worked together to temporarily suspend Orchard-related transactions while a protocol upgrade was implemented.

The process occurred in two stages through network-wide consensus. First, a soft fork was activated to temporarily disable Orchard by preventing both new Orchard outputs and spending from existing Orchard funds, helping limit exposure of sensitive technical details. This was followed by a hard fork to fully remediate the vulnerability and restore Orchard functionality, which required updates to the zero-knowledge proof circuit.

Once the upgrade was completed, Orchard transactions were re-enabled. ZODL stated there is no evidence the vulnerability was exploited, no unauthorized creation of value, and no impact to the total ZEC supply. User funds remained safe throughout the process, and the issue did not affect Sapling or transparent transactions.

The vulnerability was discovered through security audits by Zcash researcher Taylor Hornby, and the remediation effort was coordinated by ZODL alongside the Zcash Foundation and other ecosystem participants.

ZEC Momentum Strengthens

Zcash’s native token ZEC has moved against the broader market trend as it continued posting strong gains over the past month. The privacy-focused asset has climbed nearly 45% in that period and is currently trading near $599 after rising another 4% in the past 24 hours.

According to crypto analyst Ali Martinez, the TD Sequential indicator on the 12-hour chart recently flashed a buy signal for ZEC, which means that the upward momentum could continue. As long as the token holds above the $500 level, a potential move toward $642 remains in play.

Santiment identified ZEC as the most dominant topic across crypto social media, with seven repeated spikes in social dominance and a peak score of 10.02 recorded on May 20.

The post Why Zcash (ZEC) Network Looked Offline for Hours – But Wasn’t appeared first on CryptoPotato.

Internet Computer (ICP) Defies the Crypto Carnage: Can It Explode to $10?
Wed, 03 Jun 2026 15:41:35

Trying to spot a leading cryptocurrency whose price remains in green territory on a weekly scale is not an easy task given the major collapse that the broader market has experienced over the past several days.

Internet Computer (ICP) is one of the few gainers, while certain analysts believe its valuation could reach much higher levels soon.

What’s Next?

Despite Bitcoin’s 11% weekly plunge and Ethereum’s 10% drop, ICP is up 3% over the same period and currently trades just north of $3. Its market capitalization has risen to almost $1.7 billion, making it the 53rd-largest cryptocurrency.

Among the main reasons for the ascent is the advancement related to the Internet Computer ecosystem. The popular X account BSCN revealed that the protocol has processed 7.2 million transactions in the last month, more than any other chain. Solana comes in second with less than 3 million.

ICP’s positive performance has drawn the attention of traders and analysts, prompting a wave of optimistic predictions. X user Crypto Tony, for instance, argued that a reclaim of $3.15 could open the door to a long position up to $3.50 and $4, “while we hold above.”

JAVON MARKS noted ICP’s cross above $3, seeing a potential for a 220% explosion towards $10. Such a rise wouldn’t be unprecedented for the asset, since in its early days it briefly hovered beyond $400.

Prior to that, X user Nehal also gave their two cents. The analyst observed ICP’s price trajectory to estimate that a confirmed breakout above the descending resistance around $4.50-$5 could trigger a substantial rally toward $8-$12, with $16+ possible if momentum accelerates.

“Rejection at resistance could send price back toward the $2-$2.50 support zone,” they added.

Abandoning Exchanges

The recent shift from centralized trading venues toward self-custody methods reinforces the bullish forecasts mentioned above. According to CoinGlass, exchange outflows have outpaced inflows in recent days, indicating that investors are in no rush to sell their holdings.

ICP Exchange Netflow
ICP Exchange Netflow, Source: CoinGlass

Meanwhile, ICP’s Relative Strength Index (RSI) remains in neutral territory but has been gradually nearing overbought levels, which usually precede a price correction. The technical analysis tool measures the speed and magnitude of recent price changes, with values ranging from 0 to 100. Ratios above 70 signal that a correction could be on the way, while anything below 30 is considered a buying opportunity. As of press time, ICP’s RSI stands at around 62.

ICP RSI
ICP RSI, Source: CryptoWaves

 

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Crypto4me: Recurring Purchases Mark Crypto as Regular Financial Asset
Wed, 03 Jun 2026 15:33:44

[PRESS RELEASE – Bratislava, Slovakia, June 3rd, 2026]

Cryptocurrency service crypto4me, operated by licensed crypto-asset services provider Madison Six j. s. a., has introduced Recurring Purchases (DCA), a new feature that allows users to set up automatic monthly cryptocurrency purchases. The service is designed for people who want to buy crypto regularly without repeating the same process manually each month, whether they are making their first steps in digital assets or already have experience with the market.

Recurring Purchase allows clients to choose a monthly amount, select one or more cryptocurrencies and define how the purchase will be funded. Once the plan is active, purchases are carried out automatically in monthly cycles according to the selected settings. Users can also modify, pause or cancel the plan, keeping control over both the frequency and structure of their purchases.

The feature became available in mid-May and follows the earlier introduction of crypto4me’s cryptocurrency packages, which allow users to gain exposure to selected groups of digital assets through pre-built strategies. With Recurring Purchases, crypto4me is expanding its service with a tool focused on convenience, regularity and easier day-to-day use.

“Many people are interested in cryptocurrencies, but they do not necessarily want to go through the same purchase process every month or constantly decide when to make the next step. Recurring Purchases make this easier by allowing users to set their preferences once and adjust them whenever needed. It is a practical feature that reflects what crypto4me is built around – making access to crypto simpler, while keeping the user in control,” said Miloš Mázor, Chairman of the Board of Directors and CEO of Madison Six.

Before confirming a recurring purchase plan, users see an overview of the selected amount, cryptocurrencies, fees and payment details. The aim is to make regular cryptocurrency purchases more transparent and manageable, without adding unnecessary complexity to the process.

About crypto4me

Crypto4me enables the purchase of major cryptocurrencies, including bitcoin, ether and SOL. In compliance with the strict conditions of the European MiCA license, the company ensures the highest standards of security for trading and the storage of cryptocurrencies in wallets, as well as additional measures such as multi-factor client authentication, encryption, and regular penetration testing.

The crypto4me service is operated by Madison Six j. s. a. As of December 18, 2025, the company holds authorization to provide cryptocurrency-related services, granted by the National Bank of Slovakia under number 100-001-025-213 in accordance with the MiCA regulation*. At the same time, based on this license, the company is authorized to provide cryptocurrency services on a cross-border basis throughout the EU/EEA.

More information for clients: crypto4me.eu

More information about the company: MadisonSix.com

Contact: support@crypto4me.eu

* Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937.

Cryptocurrencies are highly volatile and may carry an increased risk of losing your investment.

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Bitcoin Price Analysis: What’s Next for BTC After 11% Weekly Crash?
Wed, 03 Jun 2026 15:21:17

Bitcoin has suffered a decisive breakdown from its multi-month rising channel, triggering a sharp sell-off that pushed the price toward a major support cluster around $65K. The rejection from the 100-day moving average and the inability to reclaim lost support levels suggest sellers remain in control in the near term, although BTC is now approaching an area where demand previously emerged.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, Bitcoin has invalidated the ascending channel structure that guided the price action for several months. After failing to hold above the channel’s lower boundary, BTC accelerated lower and lost the 100-day moving average around $73.5K, which had acted as an important dynamic support throughout the recovery phase.

The breakdown below the $73K-$74K region confirms a bearish structural shift and increases the probability of a deeper correction. The asset is currently testing a key support zone around $65K-$66K, marked by a notable horizontal demand area that previously triggered strong buying interest.

Any recovery attempt is likely to face significant selling pressure between $70K and $73K, while a broader relief rally could target the former channel support and the 200-day MA near $80K-$82K. If the current support fails to hold, the next major demand zone appears around $59K-$62K, which aligns with the lower blue support area visible on the chart.

BTC/USDT 4-Hour Chart

The 4-hour chart provides a clearer view of the breakdown. Bitcoin consolidated beneath the former support region around $73K-$74K before sellers regained control and initiated another impulsive leg lower. The recent price action resembles a textbook breakdown and retest sequence.

Following the rejection from the highlighted pullback region near $71K-$74K, Bitcoin experienced an aggressive liquidation-driven decline toward the $65K support zone. The current reaction from this area suggests buyers are attempting to defend the level, but the market remains vulnerable while trading below the broken support cluster. For bulls to regain momentum, Bitcoin would need to reclaim the $71K-$74K range and establish acceptance above it.

Failure to do so will likely confirm a pullback and could leave the market exposed to additional downside pressure, with the $65K support acting as the final major defense before a potential move toward the low-$60K region.

Sentiment Analysis

The 3-day liquidation heatmap highlights a significant concentration of short-term liquidity above the current market price. This liquidation cluster is located around $70K, with additional dense pockets extending toward the $75K region. This positioning suggests that, after such an aggressive decline, Bitcoin may eventually attempt a relief bounce to target overhead liquidity. Markets frequently gravitate toward high-liquidity zones, especially after major liquidation cascades have cleared nearby long positions.

However, the heatmap also shows that most of the attractive liquidity currently sits above price rather than below it. This creates the potential for a short-squeeze recovery toward the $70K-$75K region if buyers successfully defend the $65K support area. For now, the broader trend remains bearish following the channel breakdown and the loss of the 100-day moving average.

The $65K-$66K zone is the key level to monitor. Holding above it could allow Bitcoin to stage a corrective rebound toward overhead liquidity, while a decisive breakdown would likely open the door for a move toward the $60K-$62K support region.

The post Bitcoin Price Analysis: What’s Next for BTC After 11% Weekly Crash? appeared first on CryptoPotato.

12 Days of Red: Are Bitcoin (BTC) ETFs Signaling a Deeper Price Collapse Ahead?
Wed, 03 Jun 2026 15:02:30

The leading cryptocurrency has been in a clear decline lately, with its price tumbling well below $70,000.

Certain analysts and well-known financiers think the bottom during this cycle has yet to be reached, while waning institutional interest in the asset intensifies fears of a more substantial sell-off.

Red Days for the ETFs

Several hours ago, BTC dropped to nearly $65,000, its lowest level since March this year. The analyst Ali Martinez recently predicted that slipping below the $71,300-$73,000 range could lead to a decline of that magnitude, while X user Ted envisioned a deeper crash to as low as $55,000.

Of course, Peter Schiff also added his name to the pessimists. The well-known crypto critic and gold proponent forecasted a major collapse to $20,000 if BTC breaks $50,000. In his view, such a catastrophe would shake the conviction of the long-term HODLers and cause them “to finally throw in the towel.”

Recent netflows in spot BTC ETFs serve as a warning that conditions for the primary cryptocurrency could worsen in the near future. Over the past 12 days, outflows have surpassed inflows, suggesting that institutional investors (such as pension funds and hedge funds) have reduced their exposure to the asset.

This, in turn, has prompted ETF issuers (BlackRock, Fidelity, and other financial giants) to sell real BTC, adding even more downward pressure on an already fragile market. It is important to note that spot Bitcoin ETFs have not experienced 12 consecutive red days since their launch.

Spot BTC ETFs
Spot BTC ETFs, Source: SoSoValue

The rising amount of BTC stored on centralized exchanges is another concerning factor. There are now more than 2.72 million coins held on such trading venues, the highest point since March. The development doesn’t guarantee a further price crash, but it does increase selling pressure.

BTC Exchange Reserve

Is the Bottom Close?

Another popular X user who touched upon the matter is bee. They believe that BTC is in the final stage of the bear cycle, yet this doesn’t rule out an additional decline. The analyst forecasted a plunge to $47,000-$51,000 by October this year, after which the bulls are expected to regain control.

For their part, Max Crypto noted that BTC’s Relative Strength Index (RSI) has dropped under 30, which has historically been followed by a bottom and a subsequent rally by nearly 40%.

The post 12 Days of Red: Are Bitcoin (BTC) ETFs Signaling a Deeper Price Collapse Ahead? appeared first on CryptoPotato.

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