The ceasefire framework's success hinges on Hezbollah's compliance, impacting regional stability and future diplomatic negotiations.
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Ethereum has lost more than 60% from its 2025 peak near $5,000, and the sustained decline is prompting some of the token’s most visible long-term advocates to reassess their positions. Bankless co-founder David Hoffman recently disclosed that he has sold his entire Ethereum holding, a move that caught the crypto community off guard, given that …
Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year’s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Short-term holders are realizing losses at the strongest pace since early February. The “STH Loss to Binance” metric on Binance dropped to -16,400 BTC on June 2. Its deepest negative reading since February 6. As Bitcoin slipped below the $69,000 area. That specific date matters. February 6 marked one of the most intense capitulation sessions of the recent correction, a period when forced selling from recent buyers created the kind of price pressure that ultimately exhausted itself and preceded the recovery attempt that followed. The current reading describes the same behavioral signature: participants who bought Bitcoin in recent months at higher prices are now sending coins to Binance and exiting at a loss rather than waiting for a recovery that the price action is no longer supporting. The pace of that loss realization has reached a level that has only been exceeded once in the past four months — and the comparison to that February moment is the most important analytical reference the CryptoQuant data provides. The Strongest Short-Term Holder Loss Wave in Months The CryptoQuant report extends the picture beyond Binance to confirm that the loss realization pressure is not venue-specific. Across all exchanges, STH Loss to Exchange fell to -38,700 BTC on June 2 — following a major spike of -41,300 BTC on May 28. Both readings exceed the February 6 level that previously marked the most intense capitulation session of the recent correction, making the current two-session combination one of the most aggressive short-term holder loss waves recorded in recent months. Bitcoin STH Realized Profit/Loss Pressure to Binance | Source: CryptoQuant The Binance inflow structure adds the detail that prevents the current selling from being dismissed as retail panic alone. Mid-sized investors sent approximately 8,400 BTC to Binance on June 2 — the highest reading since February 6. Larger participants are participating in the loss realization alongside smaller holders. The historical framing the report applies is honest about what deep realized-loss events do and do not confirm. They do not automatically signal continuation lower. They frequently appear near panic phases and support tests. Moments where exhausted selling creates the conditions for stabilization if demand is present to absorb the supply. Bitcoin’s behavior around $69,000 is now the critical variable. If the price holds and recovers from the current level, the May 28 and June 2 loss spikes may eventually be identified as the capitulation that cleared the fragile positioning and set the foundation for the next phase. If the price fails to stabilize, the repeated spikes suggest short-term holder stress has not yet exhausted itself. And further loss realization pressure remains ahead. Related Reading: Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching Bitcoin Tests Critical Range Support After Sharp Breakdown Bitcoin is attempting to stabilize after a violent selloff pushed price below the long-standing $72,000-$74,000 support zone that had acted as the foundation of the recovery throughout April and May. The breakdown triggered an aggressive move toward the $65,000-$66,000 region, an area that now represents the most important support level on the daily chart. Bitcoin breaks down below the $69K level | Source: BTCUSDT chart on TradingView Technically, the structure has deteriorated significantly. BTC has lost the 50-day moving average, the 100-day moving average, and the key horizontal support that previously served as both resistance and support during the past four months. The decisive rejection from the $80,000-$82,000 local highs created a sequence of lower highs and lower lows, confirming a bearish shift in momentum. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green The encouraging sign for bulls is that the current decline has brought the price directly into a major demand zone between $64,500 and $66,500. This area successfully absorbed selling pressure during the February capitulation event and is now being tested again. The latest candle shows buyers stepping in near the lows, producing a rebound from support alongside elevated trading volume. However, reclaiming the lost $72,000-$74,000 zone remains essential. That former support has now become resistance, and any recovery attempt will likely face significant selling pressure there. As long as Bitcoin remains below that range, bears retain short-term control. A sustained hold above $65,000 could establish a local bottom, while a breakdown below support would expose the market to a deeper retracement toward the low-$60,000 region. The next few sessions should determine whether this is capitulation or the beginning of a larger downtrend. Featured image from ChatGPT, chart from TradingView.com
BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.
Prolonged oil output recovery may sustain high crude prices, impacting inflation and potentially altering crypto market dynamics and rate cut expectations.
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Lovable's partnership with Google Cloud could accelerate AI-driven app development, influencing enterprise adoption and innovation in software creation.
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Bitmine's $300M stock offering highlights the risks of high-yield obligations amid volatile crypto markets and potential financial strain.
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Cardano founder Charles Hoskinson has issued a strong warning about the network’s future, saying more projects could shut down in the second half of 2026 as funding dries up and market conditions remain weak. The warning comes after Cardano analytics platform TapTools announced it will shut down within weeks. TapTools Shutdown Adds Concern For Cardano’s …
Exploring AI's potential to redefine human identity and challenge ethical boundaries in the 21st century.
The post John Lennox: Mathematics reveals a word-based universe, AGI challenges human identity, and transhumanism raises ethical dilemmas | The Diary of a CEO appeared first on Crypto Briefing.
The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday.
Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand. Real Banks Are Moving In According to the XRP-focused treasury company, some of the busiest names on the network over the past year include Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank. The firm says that kind of traffic shows more than trader interest, with real financial activity taking place on the ledger. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Asheesh Birla, Evernorth’s chief executive, has argued that XRP’s long-term value will come from banks and businesses using it as working capital rather than treating it as a coin to trade. He has also said the gap between adoption and price remains wide, even as usage and tokenization continue to set records. Birla has pointed to macro pressure, geopolitical tension, and higher rates as part of the reason XRP has not kept pace with the growth story. The message is simple: the network can be busy while the token price stays under strain. 1/6 For everyone who’s wondered when “real banks” will use blockchain: they already are. The next 18 months will be about how much, on which chains, and under which set of rules. One of Europe’s biggest banks has put its euro stablecoin on XRP. Here’s why that matters. ????????… pic.twitter.com/iLcDFd0itK — evernorthxrp (@evernorthxrp) June 2, 2026 How Evernorth Plans To Expand Evernorth is trying to make that growth easier for institutions to access. Instead of forcing banks and asset managers to deal with wallets, private keys, and compliance systems on their own, the company is offering exposure through its own stock. The structure echoes the model used by several public companies that have built large Bitcoin holdings and given investors a familiar market wrapper. Evernorth has said that approach can make XRP easier for institutions to hold, fund, and use. 5/6 When a globally important bank picks public blockchains to host its regulated euro, that’s a vote about which networks they think will host the next phase of money. XRP was one of four chains that made that shortlist. — evernorthxrp (@evernorthxrp) June 2, 2026 The company says it has backing from Ripple, Kraken, Pantera Capital, and SBI Holdings, with total funding topping $1 billion. Its S-4 filing with the US Securities and Exchange Commission, submitted in March 2026, lays out plans to grow XRP holdings through institutional lending, liquidity provision, and activity tied to decentralized finance on the XRP Ledger. XRP TREASURY EVERNORTH FILES UPDATED SEC DOCUMENTS AHEAD OF XRPN LISTING@Ripple-backed $XRP treasury firm, Evernorth has filed an updated Form S-4 as it moves closer to a Nasdaq debut. The firm plans to go public via merger with Armada Acquisition Corp II. It holds over 473… pic.twitter.com/MjUnROPQ5u — BSCN (@BSCNews) May 4, 2026 Related Reading: Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom Featured image from Pexels, chart from TradingView
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.
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