Live Feed

The recent weakness in Bitcoin is not the result of a single factor but rather a combination of multiple headwinds, according to an analysis by cryptocurrency financial services firm NYDIG. In a report cited by CoinDesk, NYDIG analyst Greg Cipolaro explained that the crypto market is facing a complex set of downward pressures. He pointed to several overlapping negative factors, including the rapid growth in the artificial intelligence (AI) sector, initial public offerings from large tech companies, security threats posed by quantum computing, and BTC sales by MicroStrategy. Cipolaro noted that while none of these issues alone would be enough to trigger a major correction in Bitcoin, their combined effect helps explain the current downturn. He added that while on-chain data indicates the market has undergone a significant readjustment, the formation of a bottom will depend on institutional demand.

WaterX, a Sui-based AI trading platform, announced on X that its pre-IPO share sale for SpaceX (SPCX) sold out in 50 minutes on May 27. The sale marked the first pre-market equity offering on the Sui blockchain and was conducted on a first-come, first-served basis. WaterX integrates perpetual futures, prediction markets, and real-world assets (RWA). The platform also plans to officially launch a betting service for the World Cup.

Bitcoin's daily Relative Strength Index (RSI) has dropped to 15.5, its lowest level since the market crash caused by the COVID-19 pandemic in March 2020, according to an analysis by Cointelegraph. The outlet suggested that this oversold indicator could signal a rebound, noting that similar RSI readings in March 2020 and February 2026 were followed by rallies of 50% and 30%, respectively. The analysis concluded that if Bitcoin can hold the $60,000 support level, it has a high probability of reclaiming its 20-day exponential moving average (EMA) near $70,650 within a few weeks. Conversely, if the $60,000 support level is breached again, the price could fall to the mid-$50,000 range.

Strategy's (MSTR) recent sale of Bitcoin has contracted the market, and the company may need to increase its U.S. dollar reserves to restore investor confidence and ease concerns, JPMorgan said in a recent analysis reported by The Block. The bank noted that while Strategy described its sale of 32 BTC as a move to show flexibility to preferred shareholders, it created market anxiety. JPMorgan recommended that Strategy increase its dollar reserves, which currently cover only about six months of dividend payments. The analysis added that a market rebound in the second half of the year depends on Strategy clarifying its dividend plans and the passage of the CLARITY Act, though it gives the bill a less than 50% chance of passing this year. Other negative signals cited include this year's crypto market inflows of around $22 billion—half of last year's total—and BTC remaining below its mining cost of $87,000. However, the bank concluded that the current weak sentiment could also be a contrarian signal for an upward turn.

MicroStrategy founder Michael Saylor hinted at an additional Bitcoin purchase for the company, stating on X that it is "a good time to add more dots" to its BTC acquisition chart. In response, Luigi D'Onorio DeMeo, Chief Strategy and Business Officer (CSBO) at Aave (AAVE), suggested that many people do not seem to realize that MicroStrategy's (Nasdaq: MSTR) Bitcoin sale was part of a measure to meet index inclusion requirements, describing it as psychological warfare.

A conflict of interest controversy is growing around the prediction market Polymarket, as 20% of the addresses acting as judges in its dispute resolution process were found to have a direct stake in the outcomes they were ruling on, The Wall Street Journal reported. For dispute resolution, Polymarket uses the decentralized Optimistic Oracle system from a third-party service, UMA, in which anonymous cryptocurrency holders vote on challenged outcomes. This means UMA holders effectively act as judges. The platform is also facing criticism over allegations of result manipulation by whale investors and a loss of neutrality due to its low dispute deposit requirement of around $750.

Andrei Grachev, founder of crypto market maker DWF Labs, has warned that publicly listed companies strategically accumulating cryptocurrencies, such as MicroStrategy (MSTR) and Bitmine (BMNR), could trigger the largest crash in the market's history, BeInCrypto reported. Grachev stated that while he hopes such a scenario does not materialize, traders should review their strategies to prepare for a potential drop in BTC to the $10,000–$20,000 range. He pointed out that MicroStrategy holds over 843,000 BTC with an unrealized loss exceeding $13 billion, while Bitmine holds 5.28 million ETH with a loss of more than $10 billion. If either company faces funding pressure and begins to sell its holdings, both BTC and ETH could plummet, he added. Grachev also noted that a challenging macroeconomic backdrop, including ETF outflows and fading hopes for interest rate cuts, is further dampening investor sentiment.

The U.S. Federal Bureau of Investigation (FBI) has arrested three Americans for using cryptocurrency to fund weapons purchases for the Islamic State (ISIS) and planning terror attacks against U.S. troops, Crypto Briefing reported. The individuals transferred a total of over $2,000 to a person they believed was an ISIS-affiliated operative in an attempt to acquire weapons, but were apprehended before the purchase was completed. The type of cryptocurrency and the name of the exchange used for the transfers have not been disclosed.

The IoTeX (IOTX) mainnet has halted, according to community reports. Data from the official block explorer, IoTeXScan, shows that the latest block produced was #48,934,718, with no new blocks generated for approximately 21 hours. Transaction processing has also stopped. The IoTeX Foundation has not yet issued a statement on the matter.

Peter Schiff, CEO of Euro Pacific Capital, argued on X that most Bitcoin investors are akin to irrational cult fanatics. He pointed to a recent poll he conducted that asked users how much lower BTC would need to fall for them to concede his view that Bitcoin is a scam. Out of 16,070 respondents, a majority of 59% chose zero, implying they would not accept his bearish thesis even if BTC's price went to $0. Schiff stated that most investors would insist he was wrong even with a drop of over 99%, the bankruptcy of MicroStrategy (MSTR), and the failure of most crypto companies, likening the sentiment to a cult. He further emphasized that a drop to just $20,000 would be enough to bankrupt firms like MicroStrategy and throw the entire industry into crisis.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,999.99 on the Binance USDT market.

Tokenization and on-chain lending are the next crypto investment targets for Wall Street institutional investors, according to Bill Barhydt, CEO of crypto asset management platform Abra. In an interview with CoinDesk, he explained that tokenized yield products and on-chain lending will lead the next phase of crypto asset management. Barhydt noted that everything is being tokenized through decentralized finance (DeFi) to secure liquidity and that the next generation of asset management is on-chain. Abra recently signed a merger agreement with special purpose acquisition company (SPAC) New Providence Acquisition and is pursuing a Nasdaq listing. Barhydt added that the company aims to list this summer, pending approval from the U.S. Securities and Exchange Commission (SEC).

A New York state court has temporarily halted a lawsuit over the ownership of 39,069 dormant wallets containing approximately 3.8 million BTC, valued at $235 billion, BeInCrypto reported. The suit was initially filed in March by an anonymous plaintiff and two companies who claimed ownership under a state law that allows finders to keep unclaimed lost property. However, the court suspended the proceedings after accepting an objection from a lawyer. The objection argued that the lost property law applies only to tangible items that can be physically possessed and that BTC, existing on a public blockchain, cannot be considered legally lost. The wallets in question reportedly include funds from the Mt. Gox hack and some linked to Bitcoin creator Satoshi Nakamoto. Recently, fund movements have been detected from some of these wallets.

Major exchanges have seen $274 million worth of futures liquidated in the past hour. In the past 24 hours, $603 million worth of futures have been liquidated.

BTC has risen by 3.52% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $64,044.43.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,044.43 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $63,000. BTC is trading at $63,134.33 on the Binance USDT market.

BTC has risen by 1.59% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $62,848.

U.S. President Donald Trump stated in a phone interview on June 7 that Israeli Prime Minister Benjamin Netanyahu would have no choice but to accept any agreement reached between the United States and Iran. Trump asserted that he is the sole decision-maker on the matter and that Netanyahu has no say. He emphasized that Iran's attack on Sunday does not affect his willingness to negotiate, clarifying that a potential deal would be judged on its own merits, independent of the attack. If an agreement is not reached, Trump said he would consider military action against Iran. He outlined two possibilities: either entering Iran to resolve issues that could not be settled militarily, or maintaining a blockade, which he suggested could be more powerful than a direct strike.

Whale Alert reported that 502,650,921 PYUSD has been transferred from Ethena to an unknown wallet. The transaction is valued at about $503 million.

1. I can assure you, this isn't just wishful thinking Views: 25,118, Likes: 34, Dislikes: 13, Comments: 36 2. The ridicule of crypto and the worship of domestic stocks have reached an extreme Views: 23,746, Likes: 69, Dislikes: 4, Comments: 116 3. I'm sorry, I'm changing my stance Views: 21,206, Likes: 26, Dislikes: 12, Comments: 50 4. Folks, I need some urgent advice Views: 19,140, Likes: 13, Dislikes: 0, Comments: 49 5. An acquaintance of mine heard stock tips at a hair salon yesterday Views: 18,995, Likes: 23, Dislikes: 6, Comments: 19 6. Based on the chart and RSI alone, within the next two months... Views: 16,533, Likes: 9, Dislikes: 1, Comments: 36

According to CoinNess market monitoring, BTC has risen above $62,000. BTC is trading at $62,092 on the Binance USDT market.

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

We provide real-time cryptocurrency updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Outside these hours, coverage is limited to critical market-moving developments. Note: Breaking international economic news will continue to be provided through the CoinNess Live app and the CoinNess website.

Chicago-based trading giant DRW is building a dedicated trading desk targeting prediction market platforms like Polymarket and Kalshi and is actively hiring for the new unit, CoinDesk reported. Other major firms are following suit, with crypto market maker Wintermute seeking algorithmic traders with prediction market experience and trading firm IMC recruiting quant traders familiar with Binary Event Contracts. The outlet noted that these moves indicate trading firms are increasingly viewing prediction markets as formal trading venues rather than simple betting products.