Tesla's autonomous driving progress could revolutionize transportation, shifting revenue models from car sales to recurring robotaxi services.
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Long traders bore the brunt of the damage when over $382,000 in Shiba Inu futures positions were liquidated in a single day, with $365,660 wiped from bullish bets and just $17,320 lost on the short side. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation That wave of forced closures came as a long-dormant SHIB wallet suddenly came back to life after nearly 10 months of silence, drawing fresh attention to a token already under pressure. A Wallet Empties Out Data from Arkham Intelligence shows the wallet began its return with a test run — a small 10 million SHIB transfer through a MetaMask swap. After that, the holder moved fast, pushing nearly 400 billion tokens through BitGo’s Forwarder Smart Contract across three separate transactions: nearly 112 billion first, then almost 190 billion, then a final 99 billion. When it was done, the wallet held just 110 SHIB. The total amount transferred came to 399,989,999,938 SHIB. The address, which had sat untouched since roughly last August, was effectively cleared out in a matter of hours. Reading The BitGo Move What the transfers mean is harder to pin down. BitGo’s infrastructure is commonly used by institutional players for OTC deals or to move assets into cold storage — neither of which shows up as a sell on public exchanges. So while the scale of the move is hard to ignore, it does not confirm any tokens were sold into the market. What is clear is that a holder sitting on a position worth tens of millions of dollars chose this particular week to act — a week when the broader crypto market was already sliding. Shiba Inu Under Pressure SHIB dropped 16% over the past week and lost the $0.000005 psychological support level in the process. At last check, the token was trading at $0.000004535, down another 3.50% in the prior 24 hours. Related Reading: Bitcoin Price Plunges To $59K, Sparking Fears Of Deeper Decline The decline has pushed the memecoin toward the edge of the top 30 cryptocurrencies by market cap, with SHIB sitting at 29th place and a market value of $2.65 billion. The timing of the whale’s reactivation, arriving alongside a broader market selloff and a fresh round of liquidations, made the move impossible to ignore — even if its purpose remains unknown. Featured image from Unsplash, chart from TradingView
The significant outflows from Bitcoin ETFs, led by BlackRock's IBIT, highlight potential investor uncertainty and market volatility concerns.
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Strategy’s top execs took to social media on Sunday to tout its Bitcoin strategy while shareholders cast final votes on a proposal for twice-monthly preferred stock dividend payments.
Secondary markets are reshaping exit strategies as companies stay private longer, impacting employee wealth and liquidity.
The post Brad Gerstner: Secondary markets are overtaking IPOs as exit strategies, companies are staying private longer, and SPVs are reshaping investment opportunities | All-In Podcast appeared first on Crypto Briefing.
The hacker's ETH purchase highlights ongoing vulnerabilities in DeFi, signaling potential market volatility and the need for improved security.
The post Pando Rings hacker buys 6,243 ETH for $10M amid market dip appeared first on Crypto Briefing.
The capital shift towards mega-IPOs could temporarily divert institutional focus from Bitcoin, impacting its liquidity and market dynamics.
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Geopolitical tensions highlight crypto's volatility and vulnerability, impacting investor confidence and potentially influencing global inflation trends.
The post US Central Command intercepts Iranian missile attacks on Bahrain and Kuwait, triggering $700M in crypto liquidations appeared first on Crypto Briefing.
Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios. Data from CryptoSlate shows that the second-largest cryptocurrency fell to as low as $1,506 during the last 24 hours, its weakest level since April 2025, extending a broad crypto selloff […]
The post Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned appeared first on CryptoSlate.
The Zcash bug incident underscores the inherent risks in privacy coins, prompting calls for enhanced verification to bolster investor confidence.
The post Winklevoss twins back Zcash following bug scare that tanked ZEC by up to 57% appeared first on Crypto Briefing.
Escalating US-Iran tensions threaten global oil supply, potentially destabilizing markets and impacting crypto valuations amid rising inflation.
The post US military strikes Iranian radar sites after drone launch, and crypto markets are bracing for impact appeared first on Crypto Briefing.
AI infrastructure growth potential remains strong despite competition and consolidation challenges in the evolving market.
The post Roman Chernin: AI infrastructure is not in a bubble, specialized models outperform universal ones, and the race against hyperscalers is intensifying | 20VC appeared first on Crypto Briefing.
The escalation in the Strait of Hormuz highlights vulnerabilities in global oil supply chains and underscores geopolitical risks impacting financial markets.
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Rising rates and strong job growth shift market expectations, impacting tech stocks and crypto, highlighting vulnerabilities in growth-dependent sectors.
The post NASDAQ Composite drops 4% as Wall Street reacts to strong jobs report and rising rates appeared first on Crypto Briefing.
Escalating tensions in the Persian Gulf could destabilize global oil markets, impacting energy costs and causing volatility in crypto markets.
The post IRGC targets US bases in Kuwait and Bahrain after American strikes on Sirik and Qeshm appeared first on Crypto Briefing.
The Zcash (ZEC) price has staged an impressive rebound after one of its sharpest sell-offs in recent months. The privacy-focused cryptocurrency briefly plunged below a critical support region and fell toward the $300 mark before buyers stepped in aggressively, pushing the price back above $420 within a matter of days. The recovery follows a period …
The Zcash vulnerability uncovered with help from Anthropic's Claude Opus 4.8 signals a shift in who may discover critical flaws first.
Bitcoin’s bearish structure over the past few weeks has raised clear concerns about the flagship cryptocurrency’s future. Amid these concerns are speculations concerning its trajectory, some of which point to bottoms as low as $25,000. However, an on-chain analyst recently took to the social media platform X to explain why Bitcoin’s fall to $25,000 is an unlikely scenario in its current cycle. Electrical Cost Model Points To Potential Bitcoin Bottom In a June 6 post on X, crypto analyst Ted Pillows implied that the Bitcoin price might see further declines before a definitive bear market bottom is established. This conjecture is based on the Bitcoin Electrical Cost model. For context, the model estimates Bitcoin’s fundamental production costs by measuring the electricity required to mine new BTC. Because mining operations tend to consume substantial amounts of energy, the metric is often used as a proxy for Bitcoin’s inherent value. This is because it represents the minimum price at which miners can sustainably operate over the long term. Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When In line with historical data, Pillows explained that Bitcoin bear markets have never fallen below this Electrical Cost, despite the severe drawdowns seen during these periods. On the contrary, bear markets have often found bottoms near this crucial price level. Pillows pointed out that Bitcoin’s current Electrical Cost sits at approximately $48,694 — a threshold still somewhat far from Bitcoin’s current market price. According to the analyst, this suggests that the BTC price could find support near $50,000 if the current downturn continues. However, Pillows highlighted a caveat in this analysis, stating that it would take an extraordinary global event for this support zone to be broken. In the event that the world is hit by a recession or a pandemic as severe as COVID, the Bitcoin price could temporarily fall below its estimated production cost due to panic-driven sales. Silent BTC Accumulation On Binance Underway As Outflows Steadily Climb In a Quicktake post on CryptoQuant, analyst CryptoOnchain highlighted an interesting contradiction ongoing within the Bitcoin market. According to the on-chain analyst, BTC accumulation events have been underway on Binance. The analyst noted that technical indicators — notably, the RSI (14) and the EMA50/200 — are telling a clearly bearish story. RSI readings, for example, have fallen to extreme levels near 6.4, and the EMA50/200 currently displays a “Death Cross” pattern. At the same time, Binance’s Exchange Netflows reads as negative (-0.58σ), indicating that Bitcoin is leaving Binance consistently—an event that further suggests its holders are accumulating BTC rather than simply panic-selling. But then CryptoOnchain explained that the unignorable threat of a long squeeze still looms, given the high Open Interest. As of this writing, the price of BTC stands at around $602,388, reflecting an almost 3% jump in the past 24 hours. Related Reading: Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff Featured image from iStock, chart from TradingView
Accelerated AI adoption in national security could enhance defense capabilities but raises concerns about ethical use and international AI competition.
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Brazil's panda bond issuance could set a precedent for emerging markets seeking to diversify debt portfolios and reduce dollar dependency.
The post Brazil plans first panda bond issuance during June China visit appeared first on Crypto Briefing.
The firm's executive chairman posted a familiar chart with Strategy's previous BTC purchases writing "a good time to add more dots."
Marvell's S&P 500 inclusion boosts its market visibility and investor interest, potentially impacting its stock volatility and AI sector influence.
The post Marvell Technology to join S&P 500 after passing profitability test appeared first on Crypto Briefing.
The predicted AI IPO wave could significantly alter market dynamics, reshaping investment strategies and elevating tech sector valuations globally.
The post Coatue Management’s Thomas Laffont outlines AI IPO wave, predicts trillion-dollar valuations for OpenAI, Anthropic, and SpaceX appeared first on Crypto Briefing.
Decentralized finance has gotten a lot safer over the past six years, and a new review of protocol losses from 2020 through 2025 puts a pretty large number behind that claim. Industry-wide DeFi losses peaked at $2.62 billion in 2022 and fell roughly 80% to $534 million by 2024. Bridge hacks that once produced billion-dollar […]
The post DeFi’s old hack vectors are fading – But the new risk can hit six chains at once appeared first on CryptoSlate.
The abrupt market downturn highlights the fragility of tech and crypto sectors to macroeconomic shifts, potentially altering investment strategies.
The post Wall Street ends nine-week winning streak as tech stocks plunge appeared first on Crypto Briefing.
JPMorgan said crypto's outlook depends on Strategy's dividend plan and the Clarity Act, for which it now sees less than a 50% chance of passage this year.
The massive market value loss highlights the vulnerability of tech sectors to macroeconomic shifts, impacting investor confidence and market stability.
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SpaceX's AI compute deals with Google and Anthropic bolster its financial stability and attractiveness ahead of its high-stakes IPO.
The post SpaceX secures Google AI compute deal after Anthropic pact ahead of IPO appeared first on Crypto Briefing.
Binance's integration of stocks and ETFs with crypto trading could redefine financial platforms, offering seamless multi-asset access globally.
The post Binance integrates 7,000 US stocks and ETFs into app alongside crypto trading appeared first on Crypto Briefing.
Despite job growth, rising long-term unemployment and sector-specific gains highlight economic disparities and challenge Fed's rate decisions.
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