Solana's clear economic value proposition positions it for growth amid Ethereum's narrative struggles and market uncertainty.
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Superdelegates' influence in the Democratic Party nomination process challenges the rise of insurgent candidates.
The post John Kiriakou: DNC’s superdelegates manipulate nomination outcomes, the CIA shifted focus to targeted killings post-9/11, and the US lacks a long-term strategic mindset | This Past Weekend appeared first on Crypto Briefing.
ZEC market capitalization fell by almost $3 billion over the past 24 hours following the disclosure of a critical vulnerability, despite it being patched already.
Google's $40B Texas investment highlights the growing energy demands of AI and cloud tech, impacting local economies and energy markets.
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The Meitner Energy Center's innovative model may set a precedent for sustainable data centers, influencing industry practices and resource management.
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Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has compressed the recovery from the cycle lows and forced a reassessment of where the market’s structural support actually lies. Against that backdrop, CryptoQuant analyst Woominkyu has identified a signal in the mining data that places the current weakness in a historical context that spans the entirety of Bitcoin’s market cycle history. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels The 30-day moving average of Bitcoin’s hashrate has turned downward alongside the price decline. Woominkyu frames the significance of that development with a precision that separates it from routine data monitoring. Hashrate is not simply a network metric — it represents the physical security layer of the Bitcoin network and the proof that miners are committing real energy and real capital to defend the current price level. When the 30-day hashrate average turns down alongside price, it reflects genuine stress in the mining ecosystem rather than a statistical fluctuation. The historical context Woominkyu provides is the framework that prevents the current signal from generating either panic or dismissal. Hashrate pullbacks are not unprecedented — they are a documented and recurring feature of Bitcoin’s market cycle behavior. The 2021 China mining ban produced a 43% decline. The 2018 bear market produced a 28% contraction. The 2022 cycle, the 2024 halving, and a late 2025 pullback each produced their own measurable hashrate compressions. In every case, these declines clustered around cycle bottoms — the moments when inefficient miners capitulated and the network contracted before recovering stronger. A Modest Hashrate Dip With Miners Still Holding Woominkyu’s quantification of the current hashrate decline places it in the correct historical category immediately. The seven-day decline sits at approximately -6.6% while the 30-day reading shows a -3.0% contraction — figures that are meaningful enough to register as a genuine signal but remain far shallower than the capitulation events that have historically marked cycle bottoms. The 2021 China ban produced a 43% decline. The current reading is a fraction of that scale. Bitcoin Hashrate | Source: CryptoQuant The difficulty data adds the marginal pressure context. Difficulty remains +4.9% on a 30-day basis — meaning miners are operating against tightening economics even as hashrate begins to pull back. That combination of rising difficulty and declining hashrate describes squeezed margins rather than comfortable profitability. What prevents the current setup from becoming alarming is the miner reserve data. Reserves are nearly flat — miners are holding their Bitcoin rather than sending it to exchanges for sale. The stress is present in the economics but has not yet converted into the forced distribution behavior that characterizes genuine capitulation events. The level Woominkyu identifies as the threshold between caution and concern is specific. A -3% dip that stabilizes and reverses fits the shallow correction pattern. A deepening toward the -10% to -40% drawdowns of previous cycle bottoms would shift the signal from a routine margin squeeze into something that historically precedes more significant market structure changes. For now, the data supports the former reading — worth monitoring carefully but not yet warranting the alarm that the historical comparisons might initially suggest. Related Reading: Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level Bitcoin Loses Key Support: $60K Zone Now In Focus Bitcoin remains under intense selling pressure after breaking decisively below the critical $65,000-$66,000 support zone that had contained price action since the February capitulation low. The daily chart shows a sharp acceleration to the downside, with BTC trading near $63,100 after a violent rejection from the $73,000 resistance area earlier this week. BTC testing critical support level | Source: BTCUSDT chart on TradingView The breakdown is technically significant because it invalidates the higher-low structure that supported the recovery from April through May. Price has now fallen below the 50-day, 100-day, and 200-day moving averages, confirming a bearish market structure across all major trend indicators. Volume has also expanded noticeably during the decline, suggesting the move is being driven by aggressive selling rather than a lack of buyers. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details The most important level now sits between $62,000 and $64,500, highlighted by the lower demand zone on the chart. This area acted as support during the February washout and represents the last major defense before Bitcoin potentially targets the psychological $60,000 level. A sustained break below this zone would expose the February lows near $61,000 and could trigger another wave of capitulation. For bulls, the immediate objective is reclaiming $65,000. However, the former support zone between $65,000 and $66,000 has now become resistance. Until BTC can recover that area, momentum remains firmly in favor of sellers, with downside risk continuing to dominate the short-term outlook. Featured image from ChatGPT, chart from TradingView.com
The EU's Basel III rules may reshape global banking dynamics, potentially influencing capital allocation and regulatory strategies worldwide.
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Nvidia's strategic engagement in South Korea enhances supply chain resilience and strengthens its position in the global AI market.
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QuickSwap's expansion to Base could redefine its market position, potentially enhancing investor confidence through multi-chain growth and MEV strategies.
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Senator Cynthia Lummis has led a group of lawmakers urging financial regulators for “fair capital treatment for on-balance sheet treatment of digital assets.”
The launch of Asia's first regulated INJ fund by Merkle Capital could enhance institutional crypto adoption, despite inherent market risks.
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Kalshi's shift towards institutional-grade tools could redefine prediction markets, attracting larger trades and enhancing market efficiency.
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Broadcom's AI revenue growth highlights hyperscale demand, but reliance on key clients and mixed non-AI guidance pose strategic risks.
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Zcash ZEC price crashed today after founder Zooko Wilcox disclosed a critical vulnerability that could have allowed attackers to create unlimited counterfeit ZEC within the network’s Orchard shielded pool. The bug, which reportedly existed since May 2022, was discovered on May 29 and patched by June 1 using Claude Opus 4.8. Following the disclosure, ZEC …
Data shows the spot ETFs and Strategy have absorbed more Bitcoin than Satoshi’s stack since the asset was last at $63,000, yet the asset has returned to the same level. Bitcoin Could Be Headed Toward The Realized Price In a new post on X, CryptoQuant founder Ki Young Ju has talked about the latest crash in the Bitcoin price. Since mid-May, the cryptocurrency has gone through a significant drawdown that has taken its value from a high above $81,000 all the way down to the $63,000 level. A major part of this decline has come in June alone, with BTC even hitting a brief low below the $62,000 mark. Related Reading: Bitcoin Traders Turn Most Fearful In 2 Months Following Crash The latest downturn has interestingly arrived despite some positive developments in the market. Young Ju pointed out that since BTC was at $63,000 in March 2024, the asset’s supply has gone through a distribution shift. The spot exchange-traded funds (ETFs), investment vehicles introduced in the United States in 2024, have absorbed 509,102 BTC inside this window. Meanwhile, Strategy, the largest corporate holder of Bitcoin, has added 650,706 BTC to its holdings. To put things into perspective, Satoshi’s BTC wallets hold about 1 million tokens, while the combined supply absorbed by the spot ETFs and Strategy equals more than 1.24 million tokens. Even all centralized exchanges combined hold a total of 2.7 million BTC, providing another comparison for the accumulation. “More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level,” noted the CryptoQuant founder. As for how much the drawdown can extend from here, perhaps the Realized Price can provide some hints. This on-chain metric tracks the cost basis of the average wallet on the Bitcoin network. Here is a chart that shows how this indicator has changed for BTC over the last few years: The metric appears to have been on the decline in recent months | Source: @ki_young_ju on X As displayed in the above graph, the Bitcoin Realized Price has seen a drop recently as investors have participated at the lower bear market prices. Currently, the metric’s value stands at $53,800. So far, BTC has managed to stay a notable distance above the Realized Price, but historically, bear markets have only concluded when the asset has ventured below this line. “I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC,” said Young Ju. “But current price action suggests unusually strong sell pressure.” Related Reading: XRP Breaks Below Triangle—Will Drawdown Extend To $1.14? It now remains to be seen whether Bitcoin will manage to hold above the Realized Price this cycle or if the same pattern as before will play out again. BTC Price At the time of writing, Bitcoin is floating around $63,200, down more than 13% in the last seven days. Featured image from Dall-E, chart from TradingView.com
Morgan Stanley's Bitcoin ETF signals growing institutional acceptance, potentially driving significant capital inflows and influencing market dynamics.
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Rising jobless claims signal potential labor market softening, prompting investor caution amid holiday data volatility and economic uncertainty.
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Zcash (ZEC) recorded a sharp correction over the last 24 hours, declining nearly 30% as selling pressure increased due to a critical vulnerability in the network’s Orchard privacy pool. Santiment data shows that whales turned bearish around $536.6, followed by retail investors near $518.9. With both groups expecting further downside, selling activity increased, and ZEC …
SpaceX's IPO strategy could redefine market expectations, emphasizing direct pricing control and potentially influencing future IPO approaches.
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Rising jobless claims may prompt earlier Fed rate cuts, impacting Treasury yields, the dollar, and potentially boosting crypto markets.
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Generalist AI's funding surge highlights growing investor confidence in versatile robotics, potentially reshaping labor dynamics across industries.
The post Generalist AI raises $400M in funding round led by Radical Ventures, hitting $2B valuation appeared first on Crypto Briefing.
Ethereum price started a fresh decline and traded below $1,750. ETH is now consolidating below $1,750 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,800. The price is trading below $1,780 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,820 zone. Ethereum Price Remains In Downtrend Ethereum price failed to remain stable above $1,840 and started a fresh decline, like Bitcoin. ETH price dipped below the $1,800 and $1,780 levels. The price even traded below $1,750. A low was formed at $1,715, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1,888 swing high to the $1,715 low. There is also a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,750 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,700, the price could attempt another increase. Immediate resistance is seen near the $1,750 level. The first key resistance is near the $1,800 level and the 50% Fib retracement level of the downward move from the $1,888 swing high to the $1,715 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 $1,880 resistance. An upside break above the $1,880 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,920 resistance zone or even $1,965 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $1,880 resistance, it could start a fresh decline. Initial support on the downside is near the $1,715 level. The first major support sits near the $1,680 zone. A clear move below the $1,680 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,625 region. The main support could be $1,600. 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 – $1,715 Major Resistance Level – $1,880
The vulnerability was fixed within days, and findings suggest that actual exploitation of the bug is unlikely.
Hut 8's strategic pivot towards AI infrastructure, led by seasoned finance executive Mark Eidelman, could significantly lower capital costs and enhance competitive positioning, impacting long-term investor returns.
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Renewed discussions around Japan’s monetary policy have sparked fresh optimism among XRP supporters, with some suggesting that a potential unwind of the Japanese yen carry trade could drive a major XRP price rally. However, XRP community commentator Eri believes that the narrative may be getting ahead of reality. Eri’s Three Reasons for Doubting an Immediate …
BitMine Immersion Technologies is seeking $300 million through a preferred stock sale that would pay a 9.5% annual dividend and, if approved, be listed on the New York Stock Exchange. The filing gives the Tom Lee-led company fresh money it can use to add more Ether while tying investor returns to a board-declared cash payout. Related Reading: XRP Is The Clear Winner For Transactions, According To Peter Brandt A New Way To Fund Ether Buying The company said it plans to sell 3 million shares at $100 each, according to a supplement filed with the SEC. BitMine also said the dividend would be paid in cash if the board declares it, which makes the structure different from a simple one-time stock sale. The filing goes further than a normal fundraising note. BitMine said its business strategy is now centered on the Ethereum blockchain, ETH, staking, validator infrastructure, and treasury management. Tom Lee / @BitMNR just filed to raise $300M through 9.5% preferred stock while ETH is breaking down. This looks like a deliberate move to accelerate accumulation. They likely plan to use their current cash to buy $ETH aggressively right now, while the preferred offering… https://t.co/uLrPN3KKkE — SolarEtherPunk.eth???? (@SolarEtherPunk) June 4, 2026 That gives the raise a clear purpose. Based on the filing, the preferred stock is meant to support BitMine’s push to keep building its Ether holdings rather than sit as idle capital. Ethereum Exposure Comes With Strings BitMine warned that its results remain closely linked to Ether’s price, staking economics, regulation, and counterparty risk in digital asset operations. The company is taking in new capital, but it is also making a bigger public bet on the token’s next move. The company said it intends to seek a New York Stock Exchange listing for the preferred shares, with a ticker to be announced later. Reports also pointed to rising institutional interest in Ethereum after US spot Ether ETFs and BlackRock’s move into tokenized financial products. A Trend Borrowed From Bitcoin Treasury Plays The move follows a pattern that has already appeared in other crypto-heavy public companies. Strategy’s STRC and Strive’s SATA have shown how preferred stock can be used to raise cash while keeping the market focused on digital asset exposure. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Strive recently increased its ASST and SATA offerings by $2.1 billion apiece, while a vote on Strategy’s STRC semi-monthly dividend proposal was set to end on June 8. BitMine’s version shifts that same financing model toward Ether instead of Bitcoin. For now, the pitch is plain. Pay a high yield, raise new capital, and keep adding to Ethereum. The filing lays out the upside and the risk in the same breath. At the time of writing, Ethereum was trading at $1,745, down 12% in the last week, data from Coingecko shows. Featured image from Pexels, chart from TradingView
The incident heightens regional tensions, potentially disrupting global oil logistics and impacting maritime security and oil prices.
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The initiative would enable tokenized deposits to move instantly and support around-the-clock settlement, the Wall Street Journal reported.
Schneider's debt sale underscores the strategic importance of data centers in capitalizing on AI-driven growth, impacting future market dynamics.
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Ethereum’s price continued to decline even as staking demand remained strong. More than 3.1 million ETH, worth about $5.45 billion, is currently waiting to enter staking, compared with roughly 49,700 ETH queued for withdrawal. The disconnect matters because staking demand is often viewed as a bullish signal, reducing liquid supply and reflecting long-term commitment from …