Crypto investor Arthur Hayes said he sold his entire Zcash position following disclosure of the Orchard Pool vulnerability that could have enabled undetectable counterfeit ZEC creation. While he described exploitation as unlikely, he argued that the possibility cannot be cryptographically ruled out. The decision matters because Zcash’s value proposition is built on strong privacy guarantees …
Data shared by Degen News shows that Michael Saylor’s Strategy now holds larger unrealized losses on its Bitcoin position than Bitmine’s losses on its Ethereum holdings. Strategy’s paper loss stands at approximately $10.9 billion, compared with $9.2 billion for Bitmine. The shift follows a sharp decline across crypto markets, with both Bitcoin and Ethereum falling …
Bitcoin price started a fresh decline below the $65,000 zone. BTC is showing bearish signs and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $65,500 and extended losses. The price is trading below $64,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $63,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $65,000 and $65,500 levels. Bitcoin Price Extends Losses Bitcoin price failed to stay above the $66,500 support zone. BTC remained in a bearish zone and extended losses below the $65,000 level. There was a move below the $64,000 level. The price even dipped below $62,500. A low was formed at $61,255 and the price is still showing many bearish signs. It is below the 23.6% Fib retracement level of the downward move from the $74,070 swing high to the $61,255 low. Bitcoin is now trading below $64,000 and the 100 hourly simple moving average. If the price remains stable above $61,200, it could attempt a fresh increase. Immediate resistance is near the $63,200 level. There is also a bearish trend line forming with resistance near $63,200 on the hourly chart of the BTC/USD pair. The first key resistance is near the $64,000 level. A close above the $64,000 resistance might send the price further higher. In the stated case, the price could rise and test the $65,500 resistance. Any more gains might send the price toward the $65,500 level. The next barrier for the bulls could be $67,650 or the 50% Fib retracement level of the downward move from the $74,070 swing high to the $61,255 low. More Losses In BTC? If Bitcoin fails to rise above the $64,000 resistance zone, it could start another decline. Immediate support is near the $62,000 level. The first major support is near the $61,200 level. The next support is now near the $60,800 zone. Any more losses might send the price toward the $60,200 support in the near term. The main support now sits at $60,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $62,000, followed by $61,200. Major Resistance Levels – $64,000 and $65,500.
Cardano co-founder Charles Hoskinson denied rumors that he is leaving the project, stating during a June 4 X Space that his planned break is limited to social media. He said the decision was driven by online harassment and that he will spend the summer focused on development and reflection. The clarification comes as ADA trades …
Anthropic says Claude now generates more than 80% of the code merged into production, up from single-digit percentages before its February 2025 launch. The company reported that Claude can complete software engineering tasks lasting up to 12 hours and outlined scenarios ranging from stalled AI progress to recursive self-improvement, where AI systems help advance future …
Strive's unique funding strategy and aggressive Bitcoin accumulation could redefine corporate treasury management and influence market valuations.
The post The Benchmark Company initiates buy rating on Strive with $32 price target, sees nearly 100% upside appeared first on Crypto Briefing.
Ethereum's dominance in RWA tokenization could significantly boost its network revenue and solidify its position in the global financial system.
The post Ethereum leads RWA market cap growth across all sectors over three years appeared first on Crypto Briefing.
Spark's growth amid DeFi challenges highlights its resilience and potential for sustainable revenue, though reliance on incentives remains a concern.
The post Spark closes May with $6.4B in Savings TVL and $3.6B in SparkLend TVL appeared first on Crypto Briefing.
Zcash founder Zooko Wilcox said a critical vulnerability in the Orchard shielded pool was discovered on May 29 and fixed by June 2. Security researcher Taylor Hornby found the flaw, which Shielded Labs confirmed could have allowed attackers to create unlimited counterfeit ZEC without detection. The issue matters because Orchard’s privacy features make it impossible …
The anticipated credit default cycle could lead to significant investor losses, highlighting the need for rigorous credit analysis and cautious investment strategies.
The post Pimco’s Ivascyn warns of higher losses in credit default cycle appeared first on Crypto Briefing.
Increased buyback requests may signal investor unease, potentially impacting liquidity management and long-term performance strategies.
The post Blackstone Private Credit Fund reports nearly 10% in buyback requests for Q2 appeared first on Crypto Briefing.
Institutional caution and profit-taking amid macroeconomic uncertainty may signal a potential market bottom, impacting future Bitcoin ETF dynamics.
The post Bitcoin ETFs see $4.4B in outflows over record 13-day losing streak appeared first on Crypto Briefing.
Moomoo's move into prediction markets signals a growing trend of integrating diverse trading options, potentially reshaping retail trading dynamics.
The post Moomoo expands into prediction markets via Kalshi partnership appeared first on Crypto Briefing.
The AI pivot of former Bitcoin miners highlights a strategic shift towards utility-like roles, potentially reshaping energy and tech sectors.
The post Bernstein initiates coverage on TeraWulf, Cipher Digital with bullish price targets as AI pivot accelerates appeared first on Crypto Briefing.
Bitcoin (BTC) has crashed below $70,000, underperforming the already weak crypto market as selling pressure tests price action. Market analyst Crypto Patel noted that he had anticipated this significant drop, citing BTC’s fragile price structure and persistent bearish factors in recent weeks. Now, the expert is sharing new insights on the latest price decline, forecasting how far the ongoing correction might go and what could come next for the leading cryptocurrency. Analyst Predicts More Declines Ahead For Bitcoin Crypto market analyst Crypto Patel on X is predicting further declines for Bitcoin, identifying $50,000 as a potential bottom for this cycle. In what he called a “Bitcoin Profit Update,” Patel highlighted that he had accurately forecasted the recent 19% crash in Bitcoin in his earlier posts. Related Reading: Here’s Why The Bitcoin Price Is Crashing And What To Expect Next Previously, the analyst had warned that Bitcoin’s previous $80,000 level represented strong resistance, coupled with a fair value gap (FVG). He predicted that from its prior price of around $82,800, Bitcoin would likely drop to $68,000. Despite criticism from some market watchers, Patel remained firm and closely monitored the market. His forecast proved largely accurate, as BTC recently fell more than 19%, reaching $67,000. He attributed the move to a Bitcoin liquidity grab, followed by activity around the FVG and a bearish order block around the $89,000 level. Looking ahead, Crypto Patel noted Bitcoin has formed a lower high around $82,800, a move he had been waiting to confirm. He also highlighted that stop losses have moved lower, from $98,000 to $82,900. The analyst has marked the $82,800 region as the current critical change of character (ChoCH) trigger, signaling that traders should watch this level closely for potential market shifts. According to Crypto Patel, only a high-volume, high-timeframe close above $82,800 could flip Bitcoin back to bullish territory. Without it, he expects another significant decline. BTC’s Downside Targets Point To $40,000 Crash In a recent X post, Crypto Patel reiterated that his bias toward Bitcoin remains bearish, expecting the cryptocurrency to crash to much lower levels. He acknowledged the possibility of a short-term relief bounce toward $75,000, but emphasized that this would likely be temporary. Following this projected rebound, the analyst expects BTC to drop to its next lower low target near $50,000 later this year. Related Reading: Bitcoin Bearish Flag Goes Up As Expert Analyst Predicts A Massive Crash To $44,000 Patel marks a break of structure (BOS) level around $59,800 on his chart as the key trigger that could open the path to the $50,000 plunge. He also noted that if bearish momentum persists, Bitcoin could face an even steeper decline, potentially dipping into the $40,000 – $45,000 range. Featured image from Geety Images, chart from Tradingview.com
MicroStrategy's preferred stock strategy raises investor concerns over mounting cash obligations and market stability.
The post Jeff Dorman: MicroStrategy’s flawed balance sheet management threatens Bitcoin holders, $2 billion raised to address dividend fears, and the impact of preferred stock on market sentiment | Unchained appeared first on Crypto Briefing.
Unclaimed crypto assets highlight the importance of vigilance and proactive management in digital finance, impacting user trust and asset recovery.
The post Euler notifies user of $73K in unclaimed ETH from recovery process appeared first on Crypto Briefing.
The House vote signals a shift in US foreign policy, potentially impacting global energy markets and increasing scrutiny on cryptocurrency use.
The post US House votes to end military involvement in Iran conflict appeared first on Crypto Briefing.
Accelerating Solana's disinflation could enhance token value but risks validator revenue, potentially impacting network security and stability.
The post Solana proposal SIMD-0550 aims to cut $1.5B in future SOL emissions by doubling disinflation rate appeared first on Crypto Briefing.
Microchip's US export license in Armenia enhances its competitive edge, boosts R&D efficiency, and impacts crypto mining and tech sectors.
The post Microchip receives US export license for advanced FPGA R&D in Armenia appeared first on Crypto Briefing.
Rising logistics costs signal persistent inflation risks, complicating monetary policy and potentially delaying rate cuts, impacting investors.
The post Logistics costs surge to four-year high, pressuring Fed on inflation appeared first on Crypto Briefing.
The rise of betting on social media metrics could intensify data manipulation, prompting regulatory scrutiny and ethical concerns in digital markets.
The post Polymarket enables betting on social media influence metrics, and bots are already a problem appeared first on Crypto Briefing.
XRP has entered a pivotal stage as the wave structure traders have been tracking for months finally begins to take shape. With volatility increasing and crucial price levels approaching, the next few moves could provide valuable clues about whether XRP is nearing a bottom or preparing for another leg lower before a sustained recovery can begin. Breaking Key Support As Long-Awaited Setup Unfolds According to CasiTrades, the crypto market is finally showing the selling pressure that many analysts have been anticipating for months. As a result, XRP has begun breaking below a key support level, signaling that the correction may be entering a more decisive phase. Related Reading: The Rapid XRP Growth Trajectory That Investors Should Be Aware Of The analyst explained that the development of smaller subwaves has been closely monitored to determine whether the market’s ultimate downside target would be around $1.10 or the $0.87 support zone. Based on the current structure, CasiTrades believes XRP is forming a subwave 3 decline, a phase that is typically known for being the strongest and fastest part of an Elliott Wave correction. Such waves often bring accelerated downside momentum and can quickly drive prices toward major support areas. From a technical standpoint, the 1.618 Fibonacci extension of the current move points to a target near $0.92. This level sits just above the long-discussed $0.87 support zone, strengthening the case that XRP could be approaching a critical phase. XRP’s Projected Roadmap: Drop, Bounce, Then One Final Test CasiTrades’ current market roadmap for XRP outlines an anticipated trajectory consisting of three distinct phases. The initial expectation is a sharp move down toward the $0.92 level, followed by a relief bounce back toward approximately $1.20, which is projected to function as resistance. This path concludes with one final downward move aimed at testing the critical $0.87 support zone. Related Reading: XRP And XLM Correlation Sparks Hopes Of A Recovery Surge However, it is essential to remember that market behavior rarely adheres perfectly to textbook projections. While this three-wave sequence represents the primary expectation, there is a distinct possibility that the market could deviate from this path. If the reaction from the W3 low exhibits enough force, there is a viable chance that XRP may not require a final wave to reach the $0.87 support. The earliest indicator of this scenario would be the price reclaiming key resistance levels and decisively breaking above $1.30 with clear strength. We have spent the last four months monitoring the market as this specific structure developed, and we are finally arriving at the most critical phase. As we approach these pivotal levels, the upcoming price action will be decisive in determining whether the correction concludes early or proceeds to its final intended target. Featured image from Getty Images, chart from Tradingview.com
The SpaceX IPO roadshow could redefine market expectations, highlighting the growing influence of private space ventures on global economies.
The post Dimon and Musk launch SpaceX IPO roadshow in New York appeared first on Crypto Briefing.
Ramp's soaring valuation underscores the transformative impact of AI in corporate finance, potentially reshaping industry standards and competition.
The post Ramp achieves $44B valuation in latest funding round appeared first on Crypto Briefing.
The partnership could revolutionize private equity fund management, enhancing efficiency but posing significant risks if AI tools fail in compliance.
The post Palantir partners with Kirkland & Ellis to develop AI tools for private equity appeared first on Crypto Briefing.
Harborne's donations highlight the increasing influence of crypto wealth in politics, raising questions about transparency and regulatory oversight.
The post Reform UK receives £3M donation from crypto billionaire Harborne appeared first on Crypto Briefing.
The reshaped trade dynamics could strengthen the US dollar, impact euro returns, and challenge crypto's role as a safe haven during market stress.
The post EU exports to US collapse 30% in first quarter as Trump tariffs reshape transatlantic trade appeared first on Crypto Briefing.
Emerging-market fund diversification may lead to increased volatility and potential concentration risks in smaller tech stocks.
The post Emerging-market funds max out on TSMC, Samsung, and SK Hynix, forcing managers to diversify appeared first on Crypto Briefing.
SpaceX's IPO could reshape market dynamics, spotlighting governance risks and reigniting corporate interest in Bitcoin as a strategic asset.
The post SpaceX seeks $75B from investors ahead of blockbuster IPO appeared first on Crypto Briefing.