Saylor and Lee Crypto Treasury Bets Face $20B Paper Loss

Solid Intel said that crypto treasury strategies tied to Michael Saylor and Tom Lee are now facing more than $20B in combined paper losses. The update frames Strategy’s Bitcoin reserve and BitMine’s Ethereum treasury as underwater after BTC and ETH declines. INTEL: As Bitcoin trades below $63,000, Saylor’s Strategy now faces an $11.22B unrealized loss ... Read more

Top US Banks to Launch Tokenized Deposit Network: Report

The planned network aims to connect traditional banking rails with blockchain infrastructure for around-the-clock settlement capabilities.

Uniswap records largest UNI burn as Hayden Adams backs DeFi

Uniswap has recorded its largest daily UNI burn under the UNIfication mechanism as Hayden Adams renewed his bullish view on DeFi and Ethereum. Hayden Adams, the creator of Uniswap, said on X that he is “extremely bullish on DeFi and…

JPMorgan, Citi plan tokenized deposit network launch next year

The tokenized deposit network could redefine banking by merging crypto's speed with traditional security, challenging stablecoin dominance. The post JPMorgan, Citi plan tokenized deposit network launch next year appeared first on Crypto Briefing.

Illinois FY2027 Budget Nears Enactment of Crypto Tax Provisions

A $56 billion Illinois state budget advanced by the General Assembly on Monday includes a new digital asset tax provision that could affect crypto users and firms operating in the state. The measure, described by supporters as a revenue...

Bitcoin Price Analysis: RSI Hits 16 as BTC Nears Potential Market Bottom

Bitcoin trades below all major EMAs, maintaining a bearish trend. RSI near 16 signals extreme oversold conditions. Ali Charts points to similarities with Bitcoin's 2022 bottom.

FairGambling Launches Crypto Casino Review and Analytics Platform With Provably Fair Tools and Extra Rewards

[PRESS RELEASE – New York, USA, June 5th, 2026] FairGambling, a new transparency and rewards platform for crypto casino players and Bitcoin gamblers, today announced its public launch. The platform combines on-chain analytics, provably fair verification tools, independent crypto casino reviews, live bonus code feeds, and an extra rewards program offering up to 30% rakeback […]

Dan Loeb: Event-driven investing capitalizes on complex transactions, the enduring importance of human relationships in finance, and why adaptable management teams are key to success | All-In Podcast

Technological literacy and adaptable management are reshaping investment strategies in today's complex financial landscape. The post Dan Loeb: Event-driven investing capitalizes on complex transactions, the enduring importance of human relationships in finance, and why adaptable management teams are key to success | All-In Podcast appeared first on Crypto Briefing.

Bitcoin Faces Headwinds From Capital Rotation Into AI And Gold

Bitcoin bulls are facing another setback after a sluggish recovery attempt last month. The asset dipped below $65k, wiping out billions after testing key support levels.

Michael Saylor fires back after Cramer blames him for Bitcoin crash

Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff. Posting on X as Bitcoin (BTC) slid below…

Apollo, Blackstone finalize $35B funding for Anthropic’s AI infrastructure growth

The investment underscores the strategic importance of AI infrastructure in enhancing U.S. competitiveness and shaping future technological landscapes. The post Apollo, Blackstone finalize $35B funding for Anthropic’s AI infrastructure growth appeared first on Crypto Briefing.

Stablecoins Shouldn’t Pay Yield, Says House Committee Member

Key Takeaways Tokenized deposits settle 24/7 on blockchain without leaving regulated banking. Both Wall Street giants and community banks oppose […] The post Stablecoins Shouldn’t Pay Yield, Says House Committee Member appeared first on Coindoo.

Vet Points to XLS-0096 Privacy Path for XRPL

Vet said on that XLS-0096 offers a privacy-focused path for the XRP Ledger, sharing the proposal as a simplified reference for readers. In the X post, the focus was on native confidentiality rather than a live network activation. if you're in zcash, pivot soon to XRP Ledger privacy. — Vet (@Vet_X0) June 5, 2026 The ... Read more

Charles Hoskinson Sounds Alarm as Cardano Slips to Multi-Year Lows

Cardano (ADA) once dubbed the ETH killer, has lost momentum, leading to a plunge in prices over the last two months.

Ethereum Drags Altcoins Below $880B as 22% Weekly Slide Shakes Trader Confidence

A broad crypto sell-off on Friday dragged the total altcoin market capitalization down to $880 billion. Zcash was the hardest-hit major token, crashing over 40% to $264.80. Market Bloodbath Drags Altcoin Cap Below $1 Trillion The mayhem that characterized...

Hyperliquid Strategies Stays Profitable: Strategy And Bitmine Record Losses Above $10 Billion

Crypto markets endured further pressure this week as the sell-off spread to some of the industry’s largest digital asset treasuries (DATs). As of Friday, Bitcoin (BTC) had slipped back below $60,000 for the first time since 2024, Ethereum (ETH)...

Crypto tax proposals weighed ahead of Tuesday House hearing

Among the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.

Travala lets AI agents book hotels with USDC on Base

Travala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.

U.S. House Crypto Tax Bill Targets Stablecoins, Staking, Mining

The U.S. House is moving crypto tax legislation that could affect stablecoins, staking, and mining. Here is the scope, impact, and what to watch next.Read more...

Moomoo Expands Into Prediction Markets Through Strategic Kalshi Partnership

TL;DR: Moomoo partnered with Kalshi to offer eligible users CFTC-regulated prediction market contracts directly inside its app. The contracts cover Federal Reserve decisions, inflation releases, elections and major sporting events, with prices from $0.01 to $1 reflecting implied probabilities. The launch extends Moomoo’s broader product push after crypto deposits, withdrawals and API Skills, while prediction ... Read more

Bitcoin Whales Return To Binance As Market Selloff Revives February Panic Fears

TL;DR: The monthly average of fund inflows from large entities on the Binance exchange platform increased from 1,200 BTC recorded in mid-April to more than 2,800 BTC by early June 2026. The price of the market’s leading cryptocurrency accumulated a 14% contraction so far in the month of June 2026, accelerating defensive positioning by major ... Read more

Ramp’s valuation jumps to $44B after $750M funding round

Ramp's rapid valuation growth highlights the increasing investor confidence in fintech innovations and AI-driven financial management solutions. The post Ramp’s valuation jumps to $44B after $750M funding round appeared first on Crypto Briefing.

CME CEO Terry Duffy calls perpetual futures a ‘disaster waiting to happen’

The rapid approval of perpetual futures could destabilize markets, posing risks to retail investors and challenging traditional exchanges. The post CME CEO Terry Duffy calls perpetual futures a ‘disaster waiting to happen’ appeared first on Crypto Briefing.

Illinois FY2027 Budget Nears Enactment of Crypto Tax Provisions

A $56 billion Illinois state budget advanced by the General Assembly on Monday includes a new digital asset tax provision that could affect crypto users and firms operating in the state. The measure, described by supporters as a revenue tool, would levy a 0.2% tax on digital asset transactions carried out by entities acting as [...]

Crypto treasury boom splits as HYPE holders escape worst losses

Digital asset treasury companies have come under fresh pressure as the crypto market slump has pushed major bitcoin, ether, and Solana holders into large unrealized losses. Artemis data shows that Hyperliquid-focused treasury firms are the only major group still holding…

Ethereum Drags Altcoins Below $880B as 22% Weekly Slide Shakes Trader Confidence

A broad crypto sell-off on Friday dragged the total altcoin market capitalization down to $880 billion. Zcash was the hardest-hit major token, crashing over 40% to $264.80. Market Bloodbath Drags Altcoin Cap Below $1 Trillion The mayhem that characterized the cryptocurrency market on Friday saw several high-cap altcoins log double-digit losses, resulting in the aggregate […]

Hyperliquid Strategies Stays Profitable: Strategy And Bitmine Record Losses Above $10 Billion

Crypto markets endured further pressure this week as the sell-off spread to some of the industry’s largest digital asset treasuries (DATs). As of Friday, Bitcoin (BTC) had slipped back below $60,000 for the first time since 2024, Ethereum (ETH) was trading around $1,550, and Hyperliquid (HYPE) was near $57.  While the declines weighed on the broader market, the impact has been most visible in the large treasury companies associated with BTC and ETH—specifically Strategy (MSTR) and Bitmine (BMNR).  Hyperliquid Strategies (PURR), however, has continued to post gains on an unrealized basis, highlighting how its performance still outpaces the market’s major benchmarks. Hyperliquid Strategies Avoids The Worst With $1.2B Gains According to Artemis data, Strategy and Bitmine are carrying significant unrealized losses of about $12.8 billion and $10.3 billion, respectively. In contrast, Hyperliquid Strategies is positioned differently.  Artemis data further indicates that Hyperliquid Strategies is the only major digital asset treasury company in the industry so far still in positive territory, with approximately $1.2 billion in unrealized gains, as seen in the chart below.  Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor In practical terms, that means the stress seen across most crypto-linked balance sheets has not hit Hyperliquid in the same way, even as prices pulled back sharply elsewhere. The weakness has also reached other large public holders beyond the two biggest names. Lookonchain data shows the recent retrace has extended further, with SharpLink down $1.59 billion on ETH, and Metaplanet down $1.38 billion on BTC.  The pattern is consistent: as BTC and ETH retrace, companies concentrated in those assets tend to reflect the decline in their mark-to-market or unrealized reporting. Weekly BTC, ETH Pullback Hits MSTR, BMNR Stocks Bitcoin’s move has been particularly notable on the weekly chart. The asset recorded a major 20% retrace on the weekly time frame, and that broader drop has filtered down to equities and crypto proxies as well.  Strategy’s stock, MSTR, fell 14% on Friday alone, trading around $115 per share. Bitmine’s stock, BMNR, also logged double-digit losses on Friday, down 12% to roughly $15.76 per share, adding to pressure on investors. Related Reading: Coinbase Reveals First Mortgage With Bitcoin Collateral Under Fannie Mae Coverage Hyperliquid’s native token, HYPE, saw its own sharp decline during the same period, dropping 14%. Even with that pullback, Hyperliquid Strategies’ PURR price showed comparatively limited movement, with only a 1.2% retrace to $8.3 for the current trading session.  Together, these snapshots underline a clear divergence: While Strategy and Bitmine reflect the drawdown of BTC and ETH in a straightforward way through large unrealized losses, Hyperliquid Strategies remains comparatively resilient, maintaining positive unrealized performance even as the market sells off. Featured image created with OpenArt; chart from TradingView.com

Charles Hoskinson Sounds Alarm as Cardano Slips to Multi-Year Lows

Cardano (ADA) once dubbed the ETH killer, has lost momentum, leading to a plunge in prices over the last two months.

BTC funding-rate slide traps $2.6B shorts, raises squeeze risk

Bitcoin traded near $61,100 on Friday, wiping out about $335 million in leveraged long positions as the market wobbled through a sharp correction. The move followed a roughly 21% drop from the recent high and has traders recalibrating the...

AAVE Price Prediction: $85 Breakout or $55 Breakdown by July 4th

AAVE's oversold bounce from $67 could target $85-90 resistance within weeks, but failure to reclaim $72 support opens the door to a devastating slide toward $55 capitulation levels. (Read More)