Live Feed

According to Arkham data, Grayscale deposited 19,548 ETH ($32 million) into Coinbase Prime over the past hour.

Anthony Pompliano, founder of Pomp Investments, believes that BTC is approaching the bottom of the current bear market. In an interview with CNBC, he noted that while past bear markets often saw BTC fall more than 80% from its peak, the decline in this cycle has been limited to around 50%. Pompliano attributed this to increased institutional investor inflow, which has eased volatility and contained the drop. He also observed that the proportion of BTC supply held at a loss now exceeds the supply in profit, a phenomenon that has historically occurred near the end of bear markets. Pompliano concluded that this presents an attractive opportunity for long-term investors to accumulate positions.

Galaxy Digital CEO Mike Novogratz has expressed optimism about the passage of the CLARITY Act. In a post on X, he said that members of the House and Senate have invested an enormous amount of time into the bill. Novogratz described it as a highly complex piece of legislation but noted that only two or three contentious issues remain. He added that the proposed solutions seem fair and beneficial for the U.S. "The next four weeks are effectively the last chance," he explained, noting that reaching an agreement will become more difficult once the summer recess and election season begin.

Crypto investment firm Paradigm and the Hyperliquid Policy Center have voiced concerns over the anti-money laundering (AML) provisions for stablecoins in the proposed GENIUS Act. In a letter to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC), the two organizations argued that holding issuers responsible for secondary market transactions beyond their control could lead U.S.-regulated stablecoins to abandon the permissionless DeFi ecosystem. They stressed the need to differentiate between the issuance stage and secondary market distribution through wallets, DeFi protocols, and validators. The letter added that issuer-level regulatory obligations should not be imposed on simple holding and transfer addresses, developers, protocol operators, or validators.

According to data from Arkham, an address believed to be controlled by the U.S. government has transferred approximately 98,589 LINK, worth around $770,000, to Coinbase Prime. The funds originated from an address holding assets seized in connection with FTX and Alameda Research.

On-chain analyst Specter has reported a suspected hack targeting older liquidity pools on the Solana-based DeFi protocol Raydium (RAY). According to the analyst, a hacker stole approximately $1.34 million in assets, including USDC, RAY, and wSOL. The stolen funds were subsequently bridged to the Ethereum network and deposited into Tornado Cash.

Crypto analyst KillaXBT, who is credited with accurately predicting Bitcoin's peak last year, has suggested that BTC is nearing a short-term bottom, The Daily Hodl reported. He believes the most likely scenario is not a V-shaped rebound but rather several months of sideways, range-bound trading. KillaXBT pointed out that previous bear markets also experienced significant periods of consolidation before a full trend reversal, forecasting that Bitcoin could test the $52,000 level before transitioning back to a bullish trend.

Jim Cramer, host of CNBC's Mad Money, has claimed that investors are selling off what he calls "bad money," such as Bitcoin and gold, to raise capital ahead of the SpaceX initial public offering (IPO), Watcher.Guru reported. Cramer is widely mocked in the stock and cryptocurrency communities as an inverse indicator due to his track record of making inaccurate market predictions.

The on-chain gambling market is continuing to show strong growth despite the broader crypto market downturn, according to a report from blockchain analytics firm TRM Labs. The report found that on-chain gambling transaction volume reached $51 billion last year. In the first quarter of this year, the volume was $14 billion, nearly matching the all-time high of $15 billion set in the previous quarter. However, prediction market volume surpassed on-chain gambling for the first time during the same period, reaching $36.6 billion.

A 40x leveraged Bitcoin (BTC) short position held by well-known Hyperliquid trader James Wynn has been fully liquidated again, Onchain Lens reported. His account now has only $9,268 remaining.

Hyli, a blockchain project based on zero-knowledge (zk) proofs, has announced it is ceasing operations. In a statement on X, the team said that despite achieving several technical milestones over the past two years, it made the decision due to changes in the market environment and a failure to secure expected levels of demand. Hyli's accomplishments included building a full-node client from scratch, implementing the latest BFT consensus technology, and supporting ZK smart contracts.

On-chain structured finance infrastructure company TVL Capital announced it has secured a $5 million investment in a round led by Framework Ventures. Flow Traders also participated in the round. The funds will be used to develop CTP, an on-chain structured derivative product for institutional investors. CTP is a financial product where the entire process of issuance, settlement, and management takes place on-chain.

Benchmark Equity Research has maintained its 'Buy' rating and a $16 price target for tokenization infrastructure firm Securitize ahead of its planned listing on the New York Stock Exchange (NYSE), The Block reported. Last week, the U.S. SEC declared the company's merger registration statement effective, with a shareholder vote scheduled for June 29. If approved, the merged entity will trade on the NYSE under the ticker 'SECZ'. Benchmark analyst Mark Palmer explained that the company's stock could prove to be a positive exception at a time when investor sentiment for digital asset-related stocks is at a low point. However, the research firm also cited regulatory uncertainty, the pace of adoption, and dependency on partners as potential risks. Securitize supports the operation of BlackRock's BUIDL fund and had $3.4 billion in tokenized assets under management as of March 31.

The Delaware House of Representatives has passed a bill to ban the operation of cryptocurrency ATMs statewide in an effort to prevent fraud and protect consumers, Decrypt reported. The measure, which has been sent to the state Senate, also requires existing ATMs to be shut down and removed within 90 days. Other states, including Indiana, Tennessee, and Minnesota, have previously enacted similar bans.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announced via X that the agency has initiated a public comment period for new regulations on prediction markets. He added that the proposal aims to establish a framework for evaluating the types of events suitable for betting, with the goal of balancing market integrity and innovation, and noted that this would not be the final regulation. The Wall Street Journal (WSJ) previously reported that the CFTC had unveiled a proposal to permit sports-related betting while completely banning wagers on events with a high potential for insider trading, such as wars, terrorism, and assassinations.

The Bank of Canada held its benchmark interest rate steady at 2.25% on June 10. The decision, which keeps the rate at its previous level, was in line with market expectations.

Ripple has launched a developer toolkit on the XRP Ledger (XRPL) for building AI agent payment applications, The Block reported. The starter kit includes support for x402 payments using XRP and RLUSD. x402 is an open, internet-native payment standard based on HTTP.

BlackRock has submitted what appears to be the final version of its revised S-1 filing for the new iShares Bitcoin Premium Income ETF (BITA) to the U.S. SEC, Bloomberg ETF analyst Eric Balchunas reported on X. The proposed fee is 65 basis points, higher than its existing spot BTC ETF (IBIT) but lower than competing covered call products. Balchunas added that BlackRock appears to be accelerating its launch timeline to gain a first-mover advantage before Goldman Sachs can launch a competing BTC ETF. A covered call product limits potential gains from a rise in the underlying asset's price—in this case, BTC—but offers the potential for high dividend yields, particularly in low-volatility environments.

According to CoinNess market monitoring, BTC has risen above $62,000. BTC is trading at $62,038 on the Binance USDT market.

The three major U.S. stock indices opened lower today. - S&P 500: -0.50% - Nasdaq: -0.71% - Dow Jones: -0.50%

Curve Finance (CRV) has launched Llamalend v2 on Optimism (OP) as the first step in upgrading its lending infrastructure, according to The Block. The v2 update removes the previous restriction requiring pairs to include crvUSD, allowing for the creation of lending markets with virtually any combination of collateral and borrowed assets. Notably, liquidity providers can use their Curve LP tokens as collateral, enabling them to borrow against their positions without having to exit them. For now, the Optimism market will operate with a borrowing cap of zero, permitting only deposits. A rewards campaign is scheduled to begin on June 16, following a seven-day DAO vote to establish the borrowing limits. Deployment on the Ethereum mainnet is expected in the second half of this year.

AI Financial Corp. (AIFC), a publicly traded company formerly known as Alt5 Sigma that partnered with the Trump family on cryptocurrency, announced it holds $380 million in WLFI, half of which can be used for collateral and staking. The company clarified that the disclosure should not be interpreted as an intent to sell or otherwise use the assets. With this move, AI Financial Corp. aims to alleviate concerns about its business continuity and potential delisting that arose after a sharp decline in its stock price.

Pharos Network (PROS), a finance-focused Layer 1 blockchain, announced today the launch of its summer campaign, 'PROS Never Sleeps: The Alpha Summer,' offering PROS token rewards. The campaign will unfold in three stages, allowing participants to earn PROS by: - Predicting World Cup match results - Developing AI agents and applications for the Pharos ecosystem - Depositing funds into its RealFi vault The Pharos team emphasized that the campaign aims to use the native PROS token as a key driver to foster on-chain economic activity and build a self-sustaining and sustainable ecosystem.

BlackRock, the world's largest asset manager and a spot Bitcoin ETF issuer, deposited 1,564 BTC, worth approximately $96.49 million, to Coinbase, according to Onchain Lens. The deposit may be part of the operational process for its spot crypto ETF, such as settling redemptions related to fund flows.

Prediction market platform Myriad has exclusively selected Chainlink (LINK) to serve as the oracle infrastructure for its 2026 FIFA World Cup match prediction markets, Decrypt reported. The integration will automate the resolution and settlement of market outcomes. Myriad already utilizes the Chainlink Runtime Environment (CRE) for its cryptocurrency price prediction markets, and the CRE will also handle the resolution and settlement for the upcoming World Cup markets. Myriad co-founder and COO Ilan Hazan explained that the integration with Chainlink will enable nearly instantaneous market settlements and user payouts, adding that "traders want reliable results the moment the whistle blows."