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U.S. President Donald Trump has made at least $2.3 billion from cryptocurrency projects since his re-election, Reuters reported. In contrast, over one million investors were said to have suffered a net loss of approximately $2.3 billion as of the end of April. This figure includes individual investors who directly purchased cryptocurrencies and related stocks, as well as those who invested indirectly in Trump-related crypto assets through vehicles like ETFs.

Crypto market maker Wintermute said in a report that there is a lack of new buying pressure in the crypto market amid continued outflows of U.S. institutional funds. The report stated that the current market weakness was long anticipated, adding that there is no clear support level for Bitcoin in the $50,000-$59,000 range.

Prediction market traders are growing more skeptical about the CLARITY Act passing before August, CryptoSlate reported. On Polymarket, the odds of the bill's passage before August fell from 62% on June 3 to 51% on June 8. Over the same period, the probability on Kalshi dropped from 39.7% to 22.1%. Meanwhile, the chances of the act passing by 2027 on Kalshi saw a slight decrease from 52.1% to 51.5%. CryptoSlate noted that while the probability of the bill passing this year remains relatively high, expectations for its swift approval have diminished.

SOL Strategies announced it has sold 65,001 SOL to repay debt. The sale was executed at a price of 87.88 Canadian dollars per SOL.

Humanity Protocol has announced that the final losses from a recent private key leak amount to $36 million. The protocol explained that the incident occurred after a foundation employee's laptop was infected with malware, leading to a mass leak of private keys from the multi-signature wallet controlling its cross-chain bridge. The foundation has suspended all deposits and withdrawals for the affected cross-chain bridge services and is cooperating with law enforcement authorities in an investigation to recover the stolen funds.

The largest BTC short position on Hyperliquid to date was opened today. The position, worth approximately $52 million, was entered at an average price of $62,675 with 20x leverage, setting a liquidation price of $69,909. On-chain tracking indicates the whale is a smart-money trader who follows short-term trends and has recently achieved a nine-trade winning streak.

The unauthorized minting and dumping of Humanity Protocol's H token, stemming from a private key leak, has now been ongoing for over 13 hours, according to EmberCN. The attacker is minting H tokens on the BSC chain and selling them to drain the liquidity pool. So far, 300 million H tokens have been minted, netting the attacker $34 million. As a result, liquidity in the H token pool on the BSC chain has fallen to just $13, and the token's price has crashed by 99.9%.

Tether's (USDT) market dominance surged 13.5% in a single day to 9% during last week's Bitcoin plunge, marking its largest daily increase since March 2025, CoinDesk reported. Despite this, the stablecoin's total market capitalization has fallen for three consecutive weeks. This trend suggests that rather than parking funds in stablecoins to await the next rally, investors may be cashing out of the cryptocurrency market entirely.

A coalition of major cryptocurrency companies has sent a joint letter to the U.S. Congress urging the inclusion of developer protection provisions in the Clarity Act, Watcher.Guru reported. The signatories include a16z, Aave, 1inch, Block, BitGo, Aptos, Zcash, Solana, Galaxy, Ledger, Kraken, Uniswap, Coinbase, and Hyperliquid.

According to on-chain analyst MorenoDV, a 30-day composite demand indicator for Bitcoin's spot and perpetual futures markets has plummeted to -650,000 BTC, entering a phase of extreme contraction. MorenoDV noted that this level of demand evaporation is an extremely rare phenomenon, observed only three times in Bitcoin's history. He suggested that the market appears to be entering the initial stages of a final shakeout, rather than undergoing a simple correction. The decline is being driven by a simultaneous exit of both spot buyers and speculative capital from leveraged futures. Historically, this indicator has not signaled an immediate market bottom but has instead preceded periods of extreme volatility or further sharp price drops.

Zcash (ZEC) developers have agreed to introduce an upgrade named "Ironwood" to address a flaw in the Orchard pool that could allow for unlimited ZEC minting, according to The Block. The Zcash Open Development Lab (ZODL) is targeting activation for the new shielded pool by the end of July. Following the upgrade, the existing Orchard pool will be closed to new deposits.

Binance has announced it will delist seven spot trading pairs at 3:00 a.m. UTC on June 12. The pairs are ADA/BNB, DUSK/BTC, EGLD/ETH, ENSO/BNB, LSK/USDC, NIGHT/BNB, and S/BNB.

According to Coinglass data, if BTC breaks below $62,218, long positions worth $454.39 million on major centralized exchanges (CEX) are projected to be liquidated. If the price breaks above $63,986, short positions worth $377.15 million will be liquidated.

Fintech firm Cardless has partnered with cryptocurrency exchange Coinbase to develop a secured credit card for stablecoin holders, CoinDesk reported. The card is designed for individuals who may have difficulty obtaining a traditional unsecured card. Applicants can qualify by holding cryptocurrency on the exchange, with a portion of their stablecoin holdings locked as collateral against their debt. Cardholders will pay a one-time issuance fee of $49.99 and will continue to earn interest on their locked USDC collateral.

South Korean crypto exchange Bithumb announced that it has placed Humanity (H) on its delisting watchlist. The exchange cited confirmed instances of abnormal asset outflows and protocol damage affecting the cryptocurrency, wallets managed by its issuer or operator, or the distributed ledger on which the asset is issued, transferred, and stored.

A South Korean man in his 30s has been arrested and indicted for laundering approximately 747.6 billion won ($554 million) in criminal proceeds using the payment system of Cambodia's Huione Group, Yonhap News reported. According to South Korea's Incheon District Prosecutors' Office, the suspect is accused of selling criminally-sourced cryptocurrency on a domestic exchange and converting it to Korean won between March 2022 and August 2025. He allegedly received 1.6 billion won ($1.2 million) for his services.

MicroStrategy's Bitcoin accumulation model is being tested, and the company may have to sell some of its BTC holdings due to the growing burden of preferred stock dividends, Fortune reported. According to the analysis, MicroStrategy currently holds approximately 844,000 BTC. Assuming a price of $65,000 per BTC, these holdings are valued at around $51.1 billion. The company's total assets, including its software business and cash equivalents, are estimated at about $53.6 billion. After subtracting liabilities such as $6.7 billion in convertible notes and $15.5 billion in preferred stock, the net asset value attributable to common shareholders is calculated to be around $31.8 billion. Despite this, MicroStrategy's market capitalization was approximately $41.6 billion as of June 5, representing a premium of about $10 billion over its net asset value (NAV). Fortune noted that while the market has historically awarded a premium to CEO Michael Saylor's "Bitcoin Appreciation Flywheel" strategy, the recent price correction in BTC increases the risk of this premium shrinking. If BTC's price were to fall to $50,000, MicroStrategy's NAV could decrease to about $23 billion. If the market premium were to disappear entirely, the company's stock could face even greater downward pressure than Bitcoin itself. To fund future preferred stock dividends, MicroStrategy might resort to issuing additional preferred shares or selling a portion of its BTC. This could expose the company to a potential "death spiral," a vicious cycle where issuing new stock to pay dividends necessitates further financing, progressively worsening its financial structure.

The U.S. Federal Deposit Insurance Corporation (FDIC) has specified in a draft rule for implementing the GENIUS Act that stablecoin holders are not covered by deposit insurance. According to PYMNTS, the draft clarifies that while stablecoin reserves may be considered corporate deposits of the issuer and thus eligible for FDIC coverage, pass-through deposit insurance is not provided to the stablecoin holders themselves. This measure aligns with the intent of the GENIUS Act, which states that payment stablecoins are not eligible for FDIC deposit insurance. The public comment period for the act's implementation, which the FDIC began in April, concludes today, June 9.

Nado, a decentralized exchange (DEX) based on the Ink Chain central limit order book (CLOB), announced it has introduced an integrated margin system that utilizes U.S. stock tokens. The system allows users to use SPYx (S&P 500 token) and QQQx (a token tracking the Nasdaq 100) as margin for perpetual futures trading. Furthermore, users can deposit these stock tokens as collateral in a single Nado account to trade perpetual futures on cryptocurrencies, forex, commodities, and stocks. All positions are settled collectively under a unified risk management framework. Nado highlighted that this is the first system to link the margin framework between U.S. stock-based assets and various derivatives, making it the first trading platform to support U.S. stocks as integrated, cross-margin collateral.

Whale Alert reported that 232,790,125 USDT has been transferred from RenrenBit to Bitfinex. The transaction is valued at about $233 million.

SBI Shinsei Bank, part of Japanese financial giant SBI Holdings, will launch a service this fall offering 20% of deposit interest payments in the form of vouchers for BTC, ETH, and XRP, CoinPost reported. To redeem the vouchers, users must open an account with SBI VC Trade. The crypto amount will be calculated based on market prices at the time of the payout.

The SaharaAI (SAHARA) team has issued a statement regarding the recent sharp decline in the token's price. According to the statement, no team or investor-allocated tokens have been moved or sold on-chain. The team explained that the token movement being cited as the cause of today's price volatility was a transfer to a Chainlink CCIP bridge contract to provide liquidity for its recently launched cross-chain bridge. It added that a transfer of 600 million SAHARA was a pre-planned operation and that the bridge is functioning normally. The project plans to inject an additional 150 million SAHARA to supply further liquidity. SaharaAI stated it is still investigating the cause of the price volatility and will share more information as it becomes available. The statement follows a more than 60% crash in the price of SAHARA, after which the team had said it was investigating the cause and confirmed there were no security issues.

South Korean crypto exchange Coinone has announced it will delist Neutron (NTRN) at 6:00 a.m. UTC on July 9. The exchange stated that after a thorough review of NTRN, which had previously been placed on a delisting watchlist, it found no evidence that the issues leading to the designation had been resolved. Coinone added that it is ending trading support for the token to protect users.

This chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section displays the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Brighter areas can act as potential support or resistance. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, and the brown line indicates large orders between $1 million and $10 million.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.15% long, 49.85% short - Binance: 51.02% long, 48.98% short - OKX: 49% long, 51% short - Bybit: 49.7% long, 50.3% short