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On-chain analyst ZachXBT has raised the possibility that the recent hack of Humanity (H) was staged. In a post on X, ZachXBT argued that it is unclear whether the incident was a simple hack or an issue related to a market maker (MM). He noted that the project's chart suggests the Humanity team may have collaborated with an active MM within a concentrated supply structure. ZachXBT also pointed out that the sell volume was handled exclusively on decentralized exchanges (DEXs) rather than centralized ones, making the team's explanation difficult to fully believe. Previously, Humanity CEO Terence Kwok had announced that approximately $20 million in damages occurred due to the leak of a private key belonging to a foundation official.

USDC issuer Circle announced the launch of cirBTC, a wrapped token backed 1:1 by Bitcoin, on the Ethereum network. The company explained that while the native Bitcoin is held in separate custody, cirBTC can be traded within the smart contract market.

Zach Wischler, a contributor to Bitcoin Magazine, has criticized MicroStrategy founder Michael Saylor, arguing that his recent actions are making him resemble the traditional financial system that BTC was intended to replace. Wischler stated on X that he had trusted Saylor for years and held MicroStrategy stock through its ups and downs, believing him to be one of the few who understood the flaws of legacy finance. However, he pointed out that the company's name change, the launch of preferred stock, a new dashboard, and a promotional video for the STRC preferred stock that looked like an ETF advertisement reminded him of the very system BTC was meant to tear down. Wischler added that sound money should be simple—a store of value, medium of exchange, and unit of account that no one can dilute or control—and expressed his feeling that recent trends are moving away from this core principle.

The U.S. House Ways and Means Committee has unveiled six cryptocurrency-related tax bills on X. The proposed legislation includes: - a bill on charitable deductions for cryptocurrency donations - a bill to clarify the taxation of mining and staking activities - a bill to simplify tax filing for cryptocurrency holders - a bill to align cryptocurrency regulations with existing tax rules - a bill to establish a voluntary disclosure program for cryptocurrency - a bill to extend existing anti-abuse tax provisions to cryptocurrencies The committee explained that the measures are designed to enhance clarity, fairness, and administrative capacity for cryptocurrencies, as well as to maintain the U.S.'s standing in the crypto space.

Simon Gerovich, CEO of the Japanese listed company Metaplanet, which has been accumulating BTC, stated that BTC returns are the company's most important key performance indicator. He explained on X that the firm's capital allocation is focused on maximizing BTC returns for shareholders. According to Gerovich, if the company's price-to-net-asset-value ratio (mNAV) falls below one, share buybacks can contribute to improving BTC returns, with the effect being greater the lower the mNAV. He added that while share buybacks are an important option, the company must adhere to insider trading regulations and disclosure obligations, and would therefore refrain from commenting on the specific timing or progress of any such actions.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $71.87 million liquidated (58.12% longs) - ETH: $73.99 million liquidated (56.83% longs) - SAHARA: $22.79 million liquidated (98.81% longs)

On-chain analyst Specter reported that 100 million new Humanity (H) tokens have been minted and are being swapped for BNB amid an ongoing hack targeting wallets that have interacted with the project. Specter previously claimed that the hacker has been continuously attacking token holders, with cumulative damages exceeding $20 million.

U.S. spot Ethereum ETFs recorded a net inflow of $68.17 million (103.4 billion won) on June 8, marking the second consecutive day of positive flows, according to data from TradeT. - BlackRock ETHA: +$3.56 million - BlackRock Staking ETHB: +$26.96 million - Fidelity FETH: +$28.57 million - Bitwise ETHW: +$3.02 million - 21Shares: +$1.26 million - VanEck ETHV: -$3.70 million - Grayscale Mini ETH: +$8.00 million

U.S. spot Bitcoin ETFs recorded a net outflow of $91.38 million (138.7 billion won) on June 8, marking the second consecutive day of net outflows, according to data compiled by Trader T. - BlackRock (IBIT): -$232.92 million - Morgan Stanley (MSBT): +$4.91 million - Fidelity (FBTC): +$59.37 million - Bitwise (BITB): +$14.12 million - Ark Invest (ARK): +$63.14 million

South Korean crypto exchange Upbit announced that it will list Citrea (CTR) for trading against BTC and USDT at 6:00 a.m. UTC on June 9.

SaharaAI (SAHARA) plunged by more than 50% in approximately 15 minutes. The sharp decline began around 2:15 a.m. UTC on June 9, with the price falling from about $0.034 to a low of $0.015. According to CoinMarketCap, SAHARA is currently trading at $0.01702, down 55.27%.

While short-term signals for Bitcoin are predominantly bearish, long-term indicators are beginning to suggest the asset is entering undervalued territory, according to an analysis by Fidelity Digital Assets. The firm noted that BTC has been in a death cross state for 204 days and briefly dipped below its 200-week simple moving average of around $61,800 on June 5-6, a level that preceded forced liquidations when breached for an extended period in 2022. However, long-term metrics are showing signs of bottoming. As BTC nears its network average realized price of about $53,600, its MVRV-Z score is approaching zero, signaling undervaluation. This score is now below its February low, which may indicate that assets bought at higher prices are changing hands at lower prices. Fidelity also highlighted a divergence: the Fear & Greed Index, while in 'Extreme Fear,' remains above its February low, suggesting sentiment is not as poor as it was then, even though the valuation is lower. The analysis concluded that while short-term signals lean bearish, long-term indicators are starting to pivot toward forming a bottom.

John D'Agostino, head of institutional strategy at Coinbase, told CNBC that institutional investor sentiment remains strong despite Bitcoin's recent dip below $60,000. He noted that family offices and government sovereign wealth funds perceive the current price decline as a buying opportunity. According to D'Agostino, these investors favored BTC at $125,000, purchased it at $100,000, and are showing even more aggressive interest at the $65,000 level. He added that current spot BTC ETF holdings are being maintained at around $100 billion. While the price of BTC has fallen by about 50% from its peak, the decline in demand from retail investors has been limited to approximately 15%, he said.

Humanity (H) CEO Terence Kwok announced that a foundation member's private key was leaked. To prevent further damage, the foundation has advised users to stop using the bridge and all liquidity pools until security can be confirmed. Humanity was previously confirmed to have suffered a $20 million hack.

Glenn Cameron, Global Head of Onramp Institutional, has warned that retail investors would be the most affected if a crisis at Strategy were to materialize. In an interview with crypto journalist Laura Shin, Cameron said that 83% of investors in Strategy's perpetual preferred stock (STRC) are retail investors. He added that he constantly receives anxious messages from people in professions like electricians, plumbers, nurses, and truck drivers. Cameron explained that the only investment advice these individuals received came from podcast hosts or the company selling the securities. He noted that retail investors tend to buy high and sell low. In a worst-case scenario where the price of BTC falls below the value of the company's convertible notes and preferred stock, these investors would not receive the returns they were promised for six, 12, or 18 months. Cameron predicted that if prices drop, these investors would likely sell, causing massive reputational damage to Strategy and making future fundraising difficult.

Amid short-term downward pressure on Bitcoin, prominent crypto analyst Michaël van de Poppe said on X that on-chain indicators are flashing buy signals. He noted that Bitcoin's daily and two-week Relative Strength Index (RSI) has reached historically low levels, suggesting that now is the best time to purchase the asset.

Decentralized satellite internet project SpaceCoin (SPACE) announced the start of public testing for SpaceRouter Onion, its next-generation decentralized private internet architecture. The network is designed to route user browsing traffic through a path of three independent relay nodes, ensuring that no single point can simultaneously know both the user's identity and their destination. During this process, traffic is protected by multiple layers of encryption, with each node only able to access the partial information it requires. All nodes utilize a Creditcoin (CTC)-based on-chain registration and verification system to validate reliability without a central authority. SpaceCoin explained that the project aims to achieve online privacy by fundamentally redesigning internet communication architecture itself, rather than merely changing settings.

The real-world asset (RWA) tokenization market has grown by approximately 589% from the beginning of 2025 to June 2026, Binance reported. Bonds and money market funds (MMFs) have led this expansion in dollar terms, with firms like BlackRock, Fidelity, Circle, and Ondo (ONDO) continuing to enter the space. The public equity sector experienced particularly sharp growth, expanding by 422%. Additionally, the market for more exotic RWAs, from reinsurance to GPU tokens, grew by 72%, indicating a diversification beyond a structure centered on government bonds.

Wasabi Card co-founder and CEO Ray Yang believes the failure of stablecoins to replace traditional payment systems stems more from regulatory and financial infrastructure issues than from technical limitations, Forbes reported. He noted that while the technology for moving funds is no longer the core problem, critical elements like licensing, compliance, risk management, and banking capabilities are now more important. Yang explained that although stablecoins can process cross-border transfers in near real-time, a significant portion of their current transaction volume originates from within the crypto ecosystem itself, including trading, arbitrage, and inter-protocol settlements. He concluded that for stablecoins to become a viable infrastructure for corporate payments, achieving regulatory compliance and building out the necessary financial infrastructure are more crucial than the underlying technology, which has already proven its capacity for large-scale transfers.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Canton (CC) to support a network upgrade. The suspension is effective from the time of the announcement.

The U.S. Commodity Futures Trading Commission (CFTC) has scrapped its plan to move to a smaller headquarters, instead extending its current Washington office lease for five years. According to Bloomberg, the CFTC explained that it needs the space to hire additional staff to respond to industry growth and innovation, noting the current office can accommodate about 100 new employees. Bloomberg reported that the move comes as the CFTC seeks to strengthen its oversight of prediction markets. The agency is also expected to become the primary regulator for the broader crypto industry if Congress passes a digital asset market structure bill.

CoinMarketCap's Altcoin Season Index has risen one point from yesterday to 46. The index measures market sentiment by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped coins, against Bitcoin over the past 90 days. The market is considered to be in an altcoin season when 75% of these top coins outperform Bitcoin during this period, while the opposite indicates a bitcoin season. A score closer to 100 suggests the market is in an altcoin season.

U.S. administration officials are set to meet with law enforcement representatives at the White House on June 10 to address concerns over certain provisions of the CLARITY Act, reported Eleanor Terrett, host of Crypto in America, citing sources. According to Terrett, the central issue is that developer protection clauses, which originate from the Blockchain Regulatory Certainty Act (BRCA), could complicate efforts to crack down on illicit funds. This matter, along with ethics regulations, is considered a key obstacle that must be resolved before the CLARITY Act can be brought to the Senate floor. She added that some Democratic lawmakers have indicated they will not support the bill until they are satisfied that law enforcement's concerns have been fully addressed.

An address associated with the Hyperliquid ETF (BHYP), operated by Bitwise, deposited 50,480 HYPE ($3.28 million) to FalconX nine hours ago, Onchain Lens reported. According to Arkham data, the address currently holds 61,699 HYPE ($3.84 million).

BitMEX co-founder Arthur Hayes warned in a blog post titled "Reality Test" that rising oil prices from a U.S.-Iran conflict could trigger a collapse of the artificial intelligence (AI) stock bubble and a subsequent downturn in the crypto market. Hayes suggested that if restrictions on passage through the Strait of Hormuz continue beyond the second quarter, spot prices for crude oil and major commodities could rise in the third quarter. He argued that a surge in oil prices could fuel inflation, making it a key issue in the U.S. midterm elections and potentially prompting President Donald Trump to tighten regulations and taxes on data center investments and the AI industry. According to Hayes, the AI stock bubble could burst as markets begin to price in these potential restrictions. He added that while he continues to hold his Bitcoin (BTC) and Ethereum (ETH), he plans to use derivatives for tactical short positions if this scenario materializes.