Live Feed

Bithumb announced it will temporarily suspend deposits and withdrawals for Akash Network (AKT) starting at 9:00 a.m. UTC on June 11 to support an upcoming network upgrade.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The recent rebound in Bitcoin is more of a deleveraging rally than a trend reversal driven by new leveraged funds, according to on-chain analyst Axel Adler Jr. He argued that a true trend reversal requires a simultaneous increase in both price and Open Interest (OI). However, while Bitcoin's price rose over the weekend, BTC futures OI decreased by about 6%, from $1.65 billion to $1.55 billion. Additionally, the funding rate remained positive, ranging from +0.001% to +0.020% over the past 24 hours. Adler Jr. explained that this combination of rising prices, falling OI, and a positive funding rate is a common pattern during deleveraging, indicating that existing positions are being closed but new leveraged long positions have yet to enter the market in earnest.

According to Coinglass data, if BTC breaks through $63,884, an estimated $310.6 million in short positions on major centralized exchanges (CEX) will face liquidation. Conversely, if the price falls below $62,410, $198.51 million in long positions would be liquidated.

The ETH/BTC ratio has fallen to approximately 0.0265, returning to levels not seen since 2016. According to FinanceSpeed, this indicates that ETH has surrendered most of the relative strength it had built against BTC over the past several years. The market attributes ETH's weakness to several factors, including slowing demand for spot ETFs, intensified competition from other Layer 1 blockchains, and a decline in fee revenue due to the expansion of Layer 2 solutions. In contrast, BTC maintains its relative strength, supported by the adoption of spot ETFs, growing institutional demand, and high liquidity. This has led to an analysis suggesting that investors perceive BTC as the safer choice among major crypto assets, FinanceSpeed explained.

Crypto exchange Bybit has unveiled its SpaceX IPO Express, granting users tokenized access to the aerospace firm's anticipated public offering directly on its platform using USDC. Registration and subscription run from June 6 to June 11, ahead of a spot listing slated for June 12, 2026, with the offering open only to VIP and PRO users. SpaceX is a rocket maker founded by Elon Musk in 2002.

U.S. Republican Senator Kevin Cramer urged the passage of the Clarity Act in an interview with Fox Business, warning that the U.S. is at risk of losing its leadership in the cryptocurrency industry. He stated that the issue is not just about Bitcoin but about who will control the future of finance.

OKX announced it will list USDG for spot trading on June 10.

Crypto influencer Ansem, who has 926,000 followers on X, refuted a user's claim that crypto is over, arguing that the industry has simply entered a mature phase. He explained that themes like stablecoins, perpetual futures, and tokenization will continue to spread throughout the global economy, and many successful crypto startups will emerge. Ansem pointed to Hyperliquid as the first example of how powerful the combination of open blockchains and business tokenization can be. Addressing the poor market sentiment, he attributed it to the sluggish performance of major coins like BTC and ETH. For BTC, he noted that early holders are de-risking due to a combination of quantum computing risks, institutions securing exit liquidity, and concerns of a "Ponzi structure" related to Michael Saylor. He said ETH has lost ground to newer coins and has failed to increase its token value. However, Ansem added that just because BTC has underperformed for a few years after outperforming all other assets for over a decade does not mean crypto is dead. He also pointed out that regulations are improving and established tech companies like Robinhood and Stripe are adopting blockchain.

Bitcoin is nearing an undervalued zone, according to on-chain analyst CryptoDan. In a CryptoQuant post, the analyst noted that Bitcoin's Market Value to Realized Value (MVRV) ratio has reached 1.1, a level close to the undervalued territory where major market bottoms have historically formed. From a cycle perspective, CryptoDan stated that the current BTC price is already sufficiently low. The analyst added that if Bitcoin undergoes a further correction into the low $50,000 range, the MVRV could drop to 1.0. This level was a common feature at the bear market lows of 2015, 2019, and 2022, which served as starting points for medium- to long-term bull markets. CryptoDan concluded that if a similar situation occurs, it would present an investment opportunity that arises only once every few years.

Whale Alert reported that 231,093,520 USDC has been transferred from Ceffu to an unknown wallet. The transaction is valued at about $231 million.

Bitcoin has once again surpassed Samsung Electronics in market capitalization, ranking 13th globally as of June 8, according to data from CompaniesMarketCap. Samsung Electronics now holds the 14th position.

Hyperion DeFi, a Hyperliquid (HYPE) DAT company, is withdrawing from two investment contracts totaling $28.7 million following the operational shutdown of the stablecoin USDH. According to Crypto Briefing, Hyperion DeFi announced on June 6 that it has terminated its agreements with the Felix Foundation and Native Markets and will reallocate approximately 800,000 HYPE tokens to higher-yield strategies. This amount represents 40% of Hyperion DeFi's token holdings. The decision was prompted by Native Markets' move to cease its USDH operations. Native Markets returned 300,000 HYPE tokens on June 3. The Felix Foundation is scheduled to unstake 500,000 HYPE on June 22, with the full token return expected on June 29.

Cryptocurrency exchange Kraken has partnered with global remittance firm MoneyGram to support crypto-to-cash conversions in over 100 countries, Crypto Briefing reported. The service allows users to request a withdrawal from the exchange and then receive the cash at a nearby MoneyGram agent location. The service is scheduled for a phased rollout in regions including the U.S., Europe, Latin America, Africa, and parts of the Asia-Pacific.

Despite a recent rebound, XRP remains trapped in a downward channel, according to an analysis by CoinDesk. The short-term rally has recovered some losses but has failed to reverse the overall downtrend of lower highs. While investor accumulation is being observed through exchange withdrawals and ETF inflows, this is viewed more as a bottoming process than a bullish reversal. The analysis notes that the $1.13–$1.14 range has emerged as a key short-term support level. A break above $1.20 would be needed to signal the start of a price recovery, while a failure to hold support around $1.10 could lead to a test of the psychological $1 level.

Bitcoin is approaching a bottom from a long-term perspective, but maturing U.S. Treasury bonds could act as a significant variable, according to Real Vision crypto market analyst Jamie Coutts. He noted on X that based on past bear market structures, the bottom is likely to occur in the second or third quarter of this year, and BTC has already entered a long-term accumulation phase. However, Coutts identified a major risk factor: $3.67 trillion in U.S. debt is set to mature in 2027. He explained that debt issued at near-zero interest rates during the COVID-19 pandemic will need to be refinanced next year at rates of 4-5%, a volume that current liquidity levels cannot absorb. This would only be possible if the Fed injects more liquidity. While Bitcoin would be the first to detect such a signal, Coutts cautioned that a distress signal from the Treasury market would have to appear before any policy shift occurs.

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: 50.2% long, 49.8% short - Binance: 50.91% long, 49.09% short - OKX: 52.22% long, 47.78% short - Bybit: 50.29% long, 49.71% short

The Spot CVD chart analyzes the order book for the BTC/USDT spot trading pair. The top section shows the Volume Heatmap, while the bottom section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top 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. These brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders from $1 million to $10 million.

Pharos Network (PROS), a Layer 1 blockchain focused on finance, announced the launch of its global AI agent development campaign, Agent Carnival. The campaign will run for approximately six weeks, from today, June 8, until July 21, with a total reward pool of 150,000 PROS. The Pharos team explained that while AI agents have evolved into products in the Web2 space over the past two years, their on-chain application remains at a demonstration level. The team believes the true value of AI agents lies in their ability to function as economic actors directly on the blockchain, which requires a Layer 1 infrastructure optimized for high-frequency, low-cost, and composable activities. This campaign serves as the first large-scale practical test of the Pharos AI Agent Layer and aims to expand on-chain AI agents into the real-world economy.

Global cryptocurrency exchange MEXC announced today that it has completed a service integration with the global chart analysis platform TradingView. This allows users to place and execute spot and perpetual futures orders on the MEXC platform directly from TradingView. MEXC added that it plans to continuously improve the user experience following this integration. According to a CoinGecko report last month, MEXC ranked second in spot trading volume and third in perpetual futures trading volume between August 2025 and January 2026.

An anonymous whale with an address beginning in 0x0c86 is facing a significant unrealized loss just half a day after opening a 40x leveraged short position on Bitcoin via Hyperliquid (HYPE). According to data from Hyperinsight, the trader invested $410,000 to short 257.9 BTC. The position is currently down 52%, representing an unrealized loss of approximately $210,000, with a liquidation price of $66,395.

A transfer of 110,000 ETH from a wallet belonging to Ethereum co-founder Joseph Lubin, the first such move in three years, was intended to defend against liquidation rather than for a sale, Crypto Briefing reported. The funds were deposited into a Sky Protocol (formerly MakerDAO) vault. Lubin has a total of 412,430 WETH locked as collateral across three Sky vaults. The protocol allows users to borrow the DAI stablecoin by depositing cryptocurrency as collateral.

The Solana-based, World Cup-themed memecoin WORLDCUP has surged 130% over the past two days, BlockBeats reported. The coin began its rally over the weekend, with its market capitalization soaring to $9.5 million before settling at its current level of approximately $8.8 million. The World Cup is scheduled to kick off on June 12.

Israeli Prime Minister Netanyahu will convene a small security cabinet meeting at 8:00 a.m. UTC today, according to Al Arabiya TV.

Bitwise CEO Hunter Horsley emphasized that crypto investors should concentrate on long-term growth potential rather than short-term price fluctuations. Writing on X, he advised that investors, as distinct from traders, should not fixate on weekly news or monthly price movements. Instead, Horsley urged them to examine the industry's fundamental growth indicators, such as increasing utility, on-chain technology securing market fit, the entry of institutions and corporations, and the execution capabilities of project teams. He noted that while the crypto industry's growth is not linear, the pace of fundamental development has clearly accelerated compared to 2022. Horsley stressed the importance of adopting a long-term perspective, adding that profits will naturally follow.