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Bitcoin ETFs bleed $326 million as Wall Street pulls back
Outflows from US spot Bitcoin exchange-traded funds went on to hit $326 million on June 5. This marks an extension of a devastating trend that has seen billions pulled from the investments to leave them with a total of just $75.1 billion in assets under management. It is seen as an even wider reversal that...Cryptopolitan
Sat, Jun 6
Livestream Chaos 2.0? Pump.Fun Under Fire Over New Bounty Feature
Pump.fun has launched a new feature that allows users to pay “anyone” to do “anything”, which has triggered a wave of concern across the crypto community, with critics warning it could revive the same dangerous behavior that fueled the platform’s 2024 livestream scandal. Related Reading: Bitcoin Pri...NewsBTC
Sat, Jun 6
House Committee Unveils 7 Crypto Tax Drafts—A Major Overhaul Of How Digital Assets Are Taxed
The US House Ways and Means Committee has released a set of seven crypto tax discussion drafts aimed at giving more structure to how digital-asset investors are taxed in the country. The effort is intended to clarify rules around timing and treatment, an area where crypto-related tax questions have ...Bitcoinist
Sat, Jun 6
Solana Treasury Giant Sends 455,784 SOL To Coinbase Prime: Selling Move?
The largest Solana treasury company has deposited a notable amount of SOL to Coinbase Prime, a potential sign that the firm is looking to sell. Forward Industries Has Made A Large Solana Deposit To Coinbase As highlighted by on-chain sleuth Lookonchain in an X post, Forward Industries has transferre...Bitcoinist
Sat, Jun 6
XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation
The XRP monthly relative strength index has fallen to 41.64, the lowest reading the indicator has ever recorded for the token — lower even than the 43.75 it hit in March 2020, when XRP bottomed out at $0.11 during one of crypto’s worst bear markets. Related Reading: Bitmine Seeks $300M Raise T...NewsBTC
Sat, Jun 6
Arthur Hayes dumps WLD after days of bullish calls, extending his Altcoin exit streak
Arthur Hayes, co-founder of BitMEX, liquidated all of his position in WLD coins on June 6 owing to a sudden turnaround in the sentiments of the market regarding its previously bullish stance. This chart is going in the wrong direction. Dumped $WLD. I’m out. See y’all at the clerb. pic.twitter.com/TcfYzCmtSv — Arthur Hayes (@CryptoHayes) June...Cryptopolitan
Sat, Jun 6
Dogecoin Tests Channel Floor Again: Breakdown Or Rebound?
A cryptocurrency analyst has pointed out how Dogecoin has returned to the support level of a Parallel Channel following the latest market decline. Dogecoin Is Potentially Following A Parallel Channel In a new post on X, analyst Ali Martinez has talked about how Dogecoin is currently trading with res...NewsBTC
Sat, Jun 6
Ethereum Looks Ready For Recovery, But One Metric Says Wait
Ethereum is facing a breakdown below $1,700 as selling pressure and market uncertainty combine to test support levels that have not been visited since the depths of the previous correction. The price action is alarming — but CryptoOnchain data has applied a sophisticated analytical framework to the ...Bitcoinist
Sat, Jun 6
Why Did Bitcoin Crash? On-Chain Data Points To One Missing Ingredient
Bitcoin is struggling as the price tests $62,000 as support — a level that would represent a significant extension of the correction from the cycle highs and a test of the structural foundation that bulls have been pointing to throughout the decline. The weakness is real and the selling pressure is ...NewsBTC
Sat, Jun 6
Forget Bitcoin, What Does Gold Have To Do With The Altcoin Season?
The next altcoin season may not begin with Bitcoin dominance, ETF flows, or the usual rotation signals from Bitcoin and Ethereum. An interesting outlook is pointing somewhere less obvious: gold. The argument is that the precious metal’s next major move could decide whether the next crypto market bou...Bitcoinist
Sat, Jun 6
Crypto Fear and Greed Index drops to 12 as global selloff deepens
The Crypto Fear and Greed Index stood at 12 on June 6, its lowest in weeks, as Bitcoin dropped to $61,100 and losses spread across every major coin. The Alternative.me index measures sentiment on a scale of zero to 100. At 12, the market sat deep in extreme fear, down from 13 on June 5...Cryptopolitan
Sat, Jun 6
XRP To $0.70 Next? The Case For Another 40% Crash
Friday’s selloff pushed XRP deeper into the red, completing a 22% retrace over the past 30 days and sending the token below $1.10 for the first time since November 2024. For many, this move immediately raises the most important question in the current climate: could the altcoin reach the $1 mark aga...NewsBTC
Sat, Jun 6
Coinbase–Better Deal Enables Mortgages Secured By Bitcoin And USDC
Better Mortgage already has a waitlist open for a new home loan product that accepts Bitcoin and USDC as collateral, with plans to launch nationwide this summer and a projected loan volume of $250 million based on signups so far. Related Reading: Coinbase Targets Crypto Crime, Freezing $3M Linked To...Bitcoinist
Sat, Jun 6
Cardano Crashes To 5-Year Lows As Hoskinson’s Warning Sparks Market Panic
Cardano has come under intense pressure after plunging to its lowest price level in over five years, triggering a wave of fear across the cryptocurrency market. The sharp decline follows growing concerns about the ecosystem’s future after founder Charles Hoskinson warned of potential challenge...NewsBTC
Sat, Jun 6
Marvell joins S&P 500 as AI boom reshapes global stock market leadership
S&P Dow Jones Indices said on June 5 that Marvell Technology will replace Pool Corp in the S&P 500 on June 22. The move shows how surging AI demand is reshaping the world’s most-followed equity index and redirecting billions in passive investment. In its latest quarterly earnings report, the semiconductor firm cleared the GAAP profitability...Cryptopolitan
Sat, Jun 6
Ripple IPO Is Not A Pipe Dream: Industry Expert Predicts When XRP Investors Should Expect Public Listing
Ripple’s possible public listing has returned to the conversation after SBI Holdings CEO Yoshitaka Kitao gave one of the clearest long-range timelines yet from a major Ripple shareholder. Yoshitaka Kitao, the CEO and President of SBI, one of Japan’s largest financial conglomerates, made remark...NewsBTC
Sat, Jun 6
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