The massive selloff highlights the precarious expectations in the AI semiconductor sector, signaling potential volatility for tech investors.
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SpaceX's IPO could reshape market dynamics, influencing tech valuations and investor strategies with its unprecedented scale and AI integration.
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Authorities around the world have been heavily targeting scam infrastructure this year, with joint actions involving the US, UAE, China, Austria and Albania.
Benchmark's shift to larger funds and growth-stage focus may reshape venture capital dynamics, attracting diverse investors and altering risk profiles.
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Cboe's record options volume highlights a shift towards 24/7 trading and increased use of derivatives, impacting market dynamics and revenue.
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Economist and macro trader Alex Krüger has argued that “crypto” has largely failed as an asset class, even as blockchain-based adoption accelerates across stablecoins, tokenization, prediction markets, perps, AI and privacy-focused assets. In a post on X, Krüger drew a sharp distinction between the speculative crypto market of recent cycles and the parts of the industry he believes are still showing meaningful traction. His central claim was blunt: most crypto tokens have failed to produce durable value for holders, while founders and insiders have repeatedly used the sector’s weak guardrails to extract liquidity from retail investors. “I largely think of ‘crypto’ as a failed asset class at this point,” Krüger wrote. “I’ve written about the causes multiple times. Mainly, most crypto assets are worthless, or have dreadful value accrual, and most founders have abused the lack of guardrails and dumped on people indiscriminately, or are outright scammers.” Krüger said the damage was compounded by what he called the “Memecoins SuperBullshitCycle,” describing it as a speculative trend that “brought the worst out of people” and drained both capital and morale from market participants. He also pointed to “the never-ending wave of DeFi hacks,” which he said has increased sharply since last April, as another factor weighing on crypto’s credibility as an investable asset class. Krüger Sees Adoption Rising, But Not In “Old Crypto” The economist acknowledged that his assessment may seem contradictory, given that several blockchain-linked sectors are still expanding rapidly. He cited growing stablecoin adoption, openly pro-crypto politicians in the United States, TradFi’s push to tokenize assets, rising usage of equities and commodities perps on offshore and DeFi venues, the early development of US perps markets, and the increasing presence of prediction markets in everyday information flows. Related Reading: Crypto In 401(k)s: Senators Sanders, Warren Letter Warns $14 Trillion At Risk From DOL Proposal But Krüger framed many of those trends as “more ‘blockchain’ than ‘crypto’,” suggesting that the infrastructure and application layer may be advancing while the legacy token market remains structurally weak. In his view, the key exception is where tokens have clearer links to revenue, user demand or capital return mechanisms. “A few among those exceptions even distribute most revenue to holders via buybacks,” he wrote, naming Hyperliquid in particular. “Which is what every investor actually wants to see to be invested in a good business rather than a fleeting narrative.” That distinction sits at the core of Krüger’s argument. He is not saying that blockchain-based markets are dead. Rather, he is saying that broad, narrative-driven crypto exposure has failed to deliver the kind of value accrual investors were promised, while a narrower group of sectors has begun to resemble operating businesses or infrastructure plays. Privacy And AI Stand Out Krüger identified privacy as one of the few “old school” crypto categories that remains relevant. He argued that demand for private, non-custodial stores of value is real, even if part of that demand comes from illicit flows. He referenced the US Department of Justice’s confiscation of $15 billion in Bitcoin from Cambodia-linked pig butchering operations, saying the legal filing was submitted on October 8, 2025. Related Reading: $12.6 Trillion Schwab Targets Mid-2027 Crypto Trading Rollout For Advisors “Of course, everyone needs privacy, not just criminals, but crime flows are real, and large,” Krüger wrote. “The asset attracting the most flows in this niche is Zcash. Zcash’s recent performance has been fascinating, as it has been trending higher with bitcoin trending lower, a sign of real reallocation among bitcoiners.” The other category Krüger said is not dead is AI. Still, his view of the sector was selective. He described most AI tokens as “high flying, fundamentally lacking, narrative driven tokens,” while naming Venice as a standout because he sees it as tied to a private AI platform with growing users and revenue. That leaves Krüger with a more nuanced conclusion than the headline claim alone suggests. He sees the old token market as broken, but not the broader direction of crypto-enabled infrastructure. Stablecoins, tokenized assets, prediction markets, perps, AI and privacy may form the sector’s next investable narrative, provided the tokens attached to them can show actual value capture rather than recycled speculation. “So one could say old ‘crypto’ is a failed asset class,” Krüger wrote, “but from the ashes come new beginnings, and the new face of crypto is one heavily dominated by the needs of Tradfi, prediction markets, AI, and privacy.” His closing line captured the contradiction he sees in the market: “Crypto sucks. Long live crypto.” At press time, the total crypto market cap was at $2.28 trillion. Featured image created with DALL.E, chart from TradingView.com
The Bitcoin flash crash highlights the volatility and risks in leveraged crypto trading, potentially impacting investor confidence and market stability.
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Microsoft's quantum advancements could accelerate the need for post-quantum cryptography, impacting blockchain security and innovation.
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The shift to Qwant highlights Europe's strategic move towards tech independence, potentially reshaping the digital landscape and market dynamics.
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The crypto market took a hit on Wednesday as Bitcoin plunged more than $2,000 in under an hour, briefly falling to $61,460 before recovering above $64,000. The move pushed Bitcoin below $63,000 for the first time since 24 February and triggered over $1.1 billion in leveraged position liquidations across the broader market within 24 hours. …
The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31.
Wyoming's AI data center initiative could boost economic growth, energy innovation, and job creation, while balancing resource management.
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AI-driven demand boosts Broadcom's long-term growth prospects, highlighting the transformative impact of AI on the semiconductor industry.
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Bitcoin’s futures market is flashing a warning that analysts say could mean more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices fell, with funding rates holding positive at 0.083% — a sign that bullish bets remain in place despite the selloff, leaving the market exposed to another wave of forced liquidations. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Bitcoin Liquidations Hit Hardest Since February About $672 million in Bitcoin positions were wiped out in 24 hours ending June 2, the largest single-day wipeout since February 5. That came as Bitcoin slipped below $67,000, dragging short-term holders — those who bought recently — into the red at a pace not seen since early in the year. On Binance alone, short-term holder losses hit -16,400 BTC on June 2. Across all exchanges, that figure reached -38,700 BTC, down slightly from -41,300 BTC recorded on May 28. Data shows these are buyers from recent months who are now exiting positions at a loss. Retail And Mid-Sized Investors Head For The Exits Larger participants are also moving coins. Reports from CryptoQuant analyst Amr Taha show mid-sized investors sent roughly 8,400 BTC to Binance on June 2 alone — the most since February 6. On the retail side, Binance’s 30-day inflow total reached $9.2 billion by June 1, the highest reading since November 20, 2025. Analyst MorenoDV, who tracked the retail flow data, said exchange inflows don’t automatically mean selling is coming, but they tend to show up before stretches of sharper volatility. If buy-side demand absorbs the inflows, the spike could turn into a local exhaustion point — but if it doesn’t, it may mark the start of broader distribution from weaker hands, MorenoDV said. This is called an expanding triangle. Expanding triangles are very common in Bitcoin. They are also typically reliable. The target for expanding triangles is the height projected from the breakout. A move back above 75,000 would change my analysis $BTC pic.twitter.com/WOOU5xTJ7g — The Factor Report (@PeterLBrandt) June 2, 2026 $60K Zone Draws All Eyes From a technical standpoint, Bitcoin has broken below two previously held support levels at $74,800 and $70,400. The eight-hour RSI fell to 30.4 on June 2, its lowest since February 6, pointing to oversold conditions and sustained downward pressure. Related Reading: XRP Is The Clear Winner For Transactions, According To Peter Brandt Charts point to a liquidity cluster between $62,300 and $65,600, which overlaps with a demand zone stretching toward $60,000. Veteran trader Peter Brandt identified a broader concern, noting that Bitcoin appears to be forming an expanding triangle pattern on the daily chart. Featured image from MetaAI, chart from TradingView
XRP price extended losses and traded below $1.20. The price is now consolidating losses and faces hurdles near $1.1920 and $1.1950. XRP price started another decline and traded below the $1.20 zone. The price is now trading below $1.20 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.1950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.20. XRP Price Nosedives Below $1.20 XRP price failed to stay above $1.20 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.1950 and $1.1920 to enter a short-term bearish zone. The price even extended losses below $1.180. A low was formed at $1.1401, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.3640 swing high to the $1.1401 low. The price is now trading below $1.1920 and the 100-hourly Simple Moving Average. If there is a fresh recovery move, the price might face resistance near the $1.1880 level. The first major resistance is near the $1.1920 level. The main resistance could be $1.1950. There is also a bearish trend line forming with resistance at $1.1950 on the hourly chart of the XRP/USD pair. A close above $1.1950 could send the price to $1.20. The next hurdle sits at $1.220. A clear move above the $1.220 resistance might send the price toward the $1.250 resistance or the 50% Fib retracement level of the downward move from the $1.3640 swing high to the $1.1401 low. Any more gains might send the price toward the $1.2850 resistance. More Losses? If XRP fails to clear the $1.1950 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.160 level. The next major support is near the $1.1550 level. If there is a downside break and a close below the $1.1550 level, the price might continue to decline toward $1.150. The next major support sits near the $1.1440 zone, below which the price could continue lower toward $1.140. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.1600 and $1.1550. Major Resistance Levels – $1.1950 and $1.2000.
The resolution's passage highlights congressional influence on market dynamics, affecting oil prices and crypto volatility amid geopolitical tensions.
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CFTC Chairman Mike Selig says the rescission of its “no-deny” policy means it now has more flexibility when settling enforcement actions.
The sell-off by high-conviction Bitcoin holders may indicate a late-stage bear market, signaling potential shifts in market dynamics and investor sentiment.
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Bitmine's strategy could amplify financial risk, as its reliance on Ethereum's value and staking yields may impact dividend sustainability.
The post Bitmine files for preferred stock offering with 9.5% yield, targeting $300M to buy more ETH appeared first on Crypto Briefing.
SpaceX's IPO could reshape market dynamics, highlighting the growing intersection of traditional finance and cryptocurrency investments.
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The bipartisan vote signals a shift in congressional power dynamics, potentially impacting U.S. foreign policy and military engagement strategies.
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Broadcom's AI chip expansion highlights the growing demand for specialized compute power, underscoring significant financial and strategic stakes.
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HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token’s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a specific and deliberate dimension to the current price resilience. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Galaxy Digital — the institutional digital asset firm founded by Mike Novogratz and one of the most closely watched institutional participants in the crypto market — withdrew 179,000 HYPE tokens worth approximately $12.62 million from Coinbase in the past seven hours. The withdrawal from a regulated US exchange into external custody describes a firm moving assets away from the venue where they can be most easily sold — the behavioral opposite of distribution. Galaxy Digital HYPE transfers | Source: Arkham Simultaneously, a new wallet identified as 0x6436 withdrew another 135,824 HYPE worth approximately $9.73 million eight hours ago. That single transaction brings the wallet’s two-day total to 399,730 HYPE — approximately $28.92 million accumulated across 48 hours by a single address that did not exist in the data before this week. Two separate institutional-scale participants. Over $40 million in combined HYPE withdrawals from exchanges. Both occurring within hours of each other while the broader crypto market faces selling pressure. The accumulation is not slowing. It is accelerating — and it is doing so at precisely the moment most participants are moving in the opposite direction. HYPE Keeps Attracting Institutional Capital The broader market context makes the Galaxy Digital and 0x6436 withdrawals considerably more significant than their dollar values alone would suggest. Bitcoin has lost critical support levels. Ethereum is struggling below key thresholds. The assets that define market sentiment and direction are under pressure — and the institutional participants who monitor macro conditions most closely are responding to that environment by accumulating HYPE rather than reducing risk. That behavioral divergence has been building since mid-May. While Bitcoin and Ethereum were losing momentum and testing lower support levels, HYPE was quietly establishing a pattern of relative strength that has now extended into a sustained outperformance against the broader altcoin market. Assets that hold their value — and set new all-time highs — during periods when the market leaders are breaking down are expressing something specific about their structural demand that goes beyond short-term price momentum. Related Reading: Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching The institutional withdrawals from Coinbase confirm that the relative strength is not accidental. Galaxy Digital and the 0x6436 wallet are not buying HYPE because it is the easiest trade in a difficult market. They are buying it because the combination of genuine protocol utility, accelerating ETF adoption, and a16z’s sustained $170 million accumulation has created an asset with a thesis that does not weaken when Bitcoin does. HYPE trading above $70 while the rest of the market faces selling pressure is the price expression of that thesis being validated in real time — one institutional withdrawal at a time. Bulls Defend Breakout As New All-Time Highs Continue HYPE remains one of the strongest assets in the crypto market, continuing to outperform despite widespread weakness across Bitcoin and most altcoins. The daily chart shows a powerful uptrend that accelerated throughout May, culminating in a fresh all-time high near the $74 area before a modest pullback emerged. HYPE continues with bullish momentum | Source: HYPEUSDT chart on TradingView From a technical perspective, the structure remains firmly bullish. Price is trading well above the 50-day, 100-day, and 200-day moving averages, with all three averages sloping upward and maintaining a healthy bullish alignment. The 50-day moving average near $48 has acted as dynamic support throughout the advance, while the 100-day average around $41 highlights how extended the current rally has become. Related Reading: Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance The recent breakout above the previous resistance zone around $60-$65 triggered an expansion in both price and volume, confirming strong demand behind the move. Although HYPE is now experiencing some profit-taking near all-time highs, buyers have so far defended the critical $70 level. Holding above that area would keep the breakout intact and reinforce the possibility of further price discovery. Volume has increased noticeably during the latest leg higher, a constructive signal suggesting institutional and whale participation rather than purely speculative retail buying. As long as HYPE remains above $65-$70, the trend favors the bulls. A decisive break below that zone would likely trigger a deeper correction toward the rising 50-day moving average, but the broader structure remains one of the strongest in the market. Featured image from ChatGPT, chart from TradingView.com
The recent Bitcoin price drop and subsequent liquidations highlight increased market volatility and uncertainty, impacting future price predictions.
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A surprising trend is developing on Coinbase, where XRP’s order book is showing an unusual seven-to-one buy liquidity imbalance. According to one analyst, there are roughly seven dollars worth of buy orders waiting below XRP’s current price for every dollar worth of sell orders. While most traders focus on price charts, the analyst argues that …
Tesla's limited robotaxi rollout highlights challenges in scaling autonomous fleets, impacting investor confidence and market competition dynamics.
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SpaceX's IPO could redefine market dynamics, influencing tech investment trends and highlighting the growing intersection of space and finance.
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The launch could revolutionize financial inclusion in emerging markets, leveraging gold's cultural value and enhancing digital asset utility.
The post Tether launches gold-backed stablecoin Visa card with Fasset, offers 6% cashback in XAUT appeared first on Crypto Briefing.
The company plans to use the net proceeds for general purposes, which may include purchasing additional ETH and expanding staking operations.
Ethereum price started a fresh decline and traded below $1,800. ETH is now consolidating below $1,800 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,840. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,880 zone. Ethereum Price Dives Over 5% Ethereum price failed to remain stable above $1,880 and started a fresh decline, like Bitcoin. ETH price dipped below the $1,840 and $1,820 levels. The price even traded below $1,800. A low was formed at $1,716, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1,889 swing high to the $1,716 low. There is also a bearish trend line forming with resistance at $1,800 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,800 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,720, the price could attempt another increase. Immediate resistance is seen near the $1,780 level. The first key resistance is near the $1,800 level and the 50% Fib retracement level of the downward move from the $1,889 swing high to the $1,716 low. The next major resistance is near the $1,820 level. A clear move above the $1,820 resistance might send the price toward the $1,850 resistance. An upside break above the $1,850 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,850 resistance, it could start a fresh decline. Initial support on the downside is near the $1,720 level. The first major support sits near the $1,700 zone. A clear move below the $1,700 support might push the price toward the $1,665 support. Any more losses might send the price toward the $1,640 region. The main support could be $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,720 Major Resistance Level – $1,850