Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Ethereum price has fallen to about $1,715 after losing key support above $2,000. On May 28, sellers broke through the critical $2,000 level, pushing ETH down to a low near $1,960. In the following days, price oscillated roughly between $1,960 and $2,000. With $2,000 now acting as resistance, the decline accelerated again and ETH broke below the $1,960 support. Downside targets cited in the article are $1,800 and $1,700, where buyers have previously shown interest. At the time of writing, Ethereum was trading around $1,779. Technical indicators remain bearish. Horizontal moving averages are sloping downward. The 21-day SMA is below the 50-day SMA, and ETH has slipped under its moving-average lines on the charts. On the 4-hour timeframe, both the 21-day and 50-day SMAs have moved lower, indicating continued weakness. The article frames this as ETH approaching the bottom area around $1,700, noting it has tested the lower chart region multiple times before (and bulls bought dips during prior rebounds). While the range discussion suggests a possible stabilization above $1,700, the overall structure still points to risk of further downside if sellers keep control. (Author’s note/disclaimer: not investment advice.)

EUR/USD stayed near the 1.08 area on Thursday, trading in a narrow range as investors entered a wait-and-see phase ahead of the US jobs report due Friday. With limited fresh macro data, positioning remained cautious and directional bets were reduced. The market expects the previous month to show hiring moderation, with consensus around 200,000 new jobs. A stronger-than-expected US jobs report could reinforce a hawkish Federal Reserve stance, strengthening the dollar and pressuring EUR/USD, potentially breaking below 1.0750 support. A weaker print may revive rate-cut expectations later this year, which could support the euro and push EUR/USD toward 1.0900. Traders will also scrutinize unemployment and average hourly earnings for wage-inflation signals, plus revisions to prior labor-market data that could change the narrative on economic resilience. Meanwhile, eurozone growth remains fragile: subdued manufacturing, cooling services, and cautious ECB guidance, alongside political uncertainty in France and Germany, have kept EUR/USD range-bound. Near-term, the immediate EUR/USD reaction should hinge on how much the US jobs report deviates from expectations, though any move may be short-lived as traders reassess the broader macro outlook.

CoinShares says an institutional Bitcoin ETF sell-off drove a large drop in spot Bitcoin exposure in Q1 2025. Total holdings fell from 313,000 BTC to 261,000 BTC (down 17%), or roughly 52,000 BTC sold. Hedge funds led the exit, cutting Bitcoin ETF holdings by 39%. Securities firms reduced exposure by 53%, the steepest decline among tracked groups. Investment advisors trimming was smaller at 5.9%, while banks took the other side of the trade—more than doubling holdings and adding 7,800 BTC. The timing aligns with weaker price action: Bitcoin fell about 22% in Q1 2025 and briefly traded below $60,000. Traders should note the growing link between regulated ETF flows and short-term BTC price moves. CoinShares also frames the institutional Bitcoin ETF sell-off as not necessarily long-term disillusionment. Regulatory clarity is improving, including progress on separating SEC and CFTC oversight and proposals for crypto in retirement accounts. Market focus now turns to the potential passage of the CLARITY Act, with a possible Senate vote as early as August 2025. If passed, it could reduce legal uncertainty and support renewed institutional participation. SEO keywords used naturally: institutional Bitcoin ETF sell-off, hedge funds, securities firms, banks, CLARITY Act, regulatory clarity, ETF flows, short-term price dynamics.

Ethereum funding rate is flattening near zero, signalling that leveraged conviction in perpetual futures is cooling. CoinGlass data shows ETH’s 8-hour network-wide average funding rate at 0.0028% on June 4—close to neutral. Exchange-level readings vary: Binance 0.0047%, OKX 0.0030%, Gate 0.0052%, while Bybit is negative at -0.0013%, creating cross-exchange differences that can support carry/arbitrage setups. The derivatives market also shows reduced risk-building: open interest fell about 5% over the prior 24 hours, aligning with traders unwinding rather than adding new directional exposure. With funding near 0, the cost to hold leveraged long exposure on Ethereum is relatively small (about 0.0084% per day, ~3% annualized). Key takeaway for traders: an Ethereum funding rate near zero plus declining open interest often points to a market reset, not a strong directional bet. Because a single 8-hour snapshot has limited predictive power, traders should monitor funding rate trends and the open interest trajectory together. If funding rises while open interest increases, it can mean fresh leveraged longs are entering and downside liquidation risk grows; if both fade toward neutral, the market is likely de-risking.

Texas State Securities Board issued an emergency cease and desist order on June 3 against BG Wealth Sharing LTD and DSJ Exchange PTY Ltd, alleging a “crypto pyramid scheme” that lured investors with “zero-risk” promises. Regulators say BG Wealth used recruitment incentives and WhatsApp-like chat (Bonchat) messaging to send “trading codes” to participants. Investors then entered the codes on the purported DSJ crypto exchange, limiting their control while making activity look automated. The alleged “crypto pyramid scheme” relied on high-return and principal-protection claims, including: - 60%+ monthly returns - guaranteed principal protection - a stated 99.6% trading success rate - doubling principal in about 40 days Exit barriers were highlighted. The order states withdrawals faced an approximately 20% handling fee. It also alleges BG Wealth later demanded an additional 12% “exit tax” or “compliance fee” tied to taxes and account transfer charges after “standard account withdrawals” were disabled. The order names BG Wealth Sharing Group LLC, Thaddious Thomas, and Gagandeep Sarkaria. Texas actions are part of a wider state response, adding Texas to prior measures in Washington and Hawaii, with additional warnings reported from Utah and Alaska. Regulators also note an alleged “replacement exchange” move, directing victims toward HQIEX after fraud allegations surfaced—potentially keeping participants engaged while shifting attention away from fund custody, disclosures, and trading/commingling concerns.

Peter Schiff, a long-time Bitcoin critic, renewed pressure on the Bitcoin investment thesis by citing MicroStrategy’s unrealized losses. Schiff said the firm, the largest corporate Bitcoin holder, is sitting on about a $12 billion unrealized loss despite buying Bitcoin for more than five years. The key debate is dollar-cost averaging. Bitcoin proponents often argue that disciplined accumulation should eventually turn profitable. Schiff countered that MicroStrategy’s current drawdown undermines that logic, and he warned that even if Bitcoin falls to $20,000, it could still be overvalued—calling Bitcoin a “worthless asset.” Schiff also challenged the common “peak-to-trough” reasoning: an ~84% decline from a high does not automatically make an asset cheap enough for retail investors to buy safely. The broader implication for traders is heightened focus on risk management and the possibility that institutional signals do not guarantee downside protection. MicroStrategy said it remains committed to its Bitcoin strategy, but the reported unrealized loss highlights ongoing price volatility risk for anyone tracking corporate treasury adoption.

Ethereum leads RWA market cap growth across all sectors, backed by strong usage data from Token Terminal and rwa.xyz. As of Jun. 4, 2026, Ethereum holds $16.6B in distributed real-world asset (RWA) value and commands a 52.85% market share—over half of all tokenized RWAs. The gap versus competitors is wide: BNB Chain has $3.6B and Solana $2.5B, implying Ethereum is about 4.5x larger in distributed RWA value. On growth, Ethereum-based tokenized RWAs surpassed $17B in early 2026, up 315% from roughly $4.1B a year earlier. The broader RWA market is also expanding rapidly, with total tokenized assets estimated between $24B and $65B+ by mid-2026 (methodology varies). Even conservative estimates imply up to ~380% growth over three years. Liquidity is a key driver. Stablecoin supply on Ethereum mainnet now exceeds $175B, which supports settlement and on-ramp functions for most RWA activity. Why this matters for traders: increasing RWA activity can translate into more Ethereum transaction fees (gas demand) and sustained stablecoin flows through Ethereum DeFi. If the tokenization cycle continues, Ethereum’s infrastructure advantage could attract additional institutional deployments—potentially supportive for ETH demand over time, assuming fees remain manageable.

Benchmark (analyst Mark Palmer) initiated coverage of Strive Inc. (NASDAQ: ASST) with a Buy rating and a $32 price target, implying nearly 100% upside from about $16. The thesis is that Strive builds its Bitcoin treasury using perpetual preferred equity (SATA), avoiding the maturity and interest burdens typical of convertible debt. The call comes as Strive purchased 2,500 BTC for roughly $185M on June 1 (covering May 23–June 1), taking total holdings to 19,000 BTC. The implied average acquisition cost was about $96,000 per coin. Timing also stood out because Bitcoin was under pressure (below $69,000) while a peer, Strategy (MSTR), sold 32 BTC. Despite a volatile backdrop, Strive’s stock is down about 86% over the past year. Other analysts have maintained or raised targets, but the market question remains whether Strive’s equity will ever trade close to the net asset value of its Bitcoin holdings, or continue at a discount. For crypto traders, this is a Bitcoin corporate-treasury and capital-structure story: Strive’s financing model may support continued accumulation, while the equity discount versus NAV will likely drive sentiment around ASST and related “BTC treasury” themes.

Ripple’s XRP Ledger Operations says the XRP Ledger 3.2.0 mainnet upgrade is approaching. The node software will be rebranded from “rippled” to “xrpld” to provide a unified reference for infrastructure providers, validators, and node operators. Ahead of the XRP Ledger 3.2.0 rollout, validators and operators are expected to update their systems. Ripple is also publishing a technical roadmap and playbook to help teams maintain consensus continuity during the transition window. The upgrade follows XRP Ledger 3.1.3 (May 2026), which improved NFT management, vault systems, permissioned domains, and parts of the lending protocol and reportedly achieved 100% consensus. Validator “Vet” (dUNL) noted the market reaction may be short-lived, while protocol improvements should have longer-term value. For traders, XRP price pressure remains: XRP slid from about $3.65 (Jul 2025) to around $1.20 (Jun 2026), including an ~11% drop in the week to Jun 4 amid broader crypto weakness. Still, on-chain flows look mixed-to-constructive: 25M+ XRP were withdrawn from exchanges, while wallets holding 10,000+ XRP hit an all-time high of 332,230—signaling potential accumulation even as price struggles.

US spot Bitcoin ETFs recorded $396.6M in net outflows on Wednesday, extending a 13-day streak. Since May 14, total withdrawals have reached about $4.4B—the longest uninterrupted run since spot Bitcoin ETFs launched in January 2024. Bitcoin is down ~21% from its May 15 peak as ETF-driven selling compounds broader weakness. Flows have been consistent across major issuers, with BlackRock’s IBIT taking a large share of daily redemptions and Fidelity/Grayscale also showing steady outflows rather than a one-fund shock. The largest weekly outflow during the streak was $1.42B for the week ending May 29. Why Bitcoin ETF redemptions may persist: (1) profit-taking after mid-May strength, and (2) ETF mechanics—when shares are redeemed, authorized participants may sell underlying BTC to settle, potentially reinforcing downside flows. What traders should watch next: some analysts frame the ongoing Bitcoin ETFs outflows as potential “capitulation.” However, if IBIT continues to show larger relative outflows than peers, it may point to an institutional rotation across issuers. Bulls’ key “repair” signal would be a break in the Bitcoin ETFs outflow streak, with improving spot bid volume near support and BTC reclaiming recently lost levels.

Blackstone’s BCRED (Blackstone Private Credit Fund) reported that shareholders submitted buyback requests for about 10% of outstanding shares in Q2 2026, roughly $4.4 billion in redemption demand. This compares with 7.9% in Q1. The key issue is how the fund handled the buyback requests. In Q1, Blackstone expanded its tender offer to 7% and backstopped it with $400 million from firm and employee capital, fulfilling all redemption requests. In Q2, BCRED instead capped redemptions at its standard 5% quarterly limit and distributed the remainder on a pro-rata basis (about half of requested amounts). The tender offer window ran from May 1 to May 29, 2026, and redemption requests reportedly slowed toward the end of the period. BCRED is a non-traded private credit vehicle that provides periodic buyback windows, focusing on senior secured loans to large US companies. Assets were $79 billion in the latest reporting, down from a prior peak of $82 billion. Blackstone said the fund remains well capitalized, with inflows and loan repayments outpacing repurchase requests. For investors, the risk is timing: if buyback requests stay around 10% while the 5% cap remains, exits could take multiple quarters.

Veteran trader Peter Brandt says Bitcoin has reached his initial downside target near the February low, but the correction is not finished. In a June 3 update, he warned Bitcoin could still weaken further and possibly enter a “terminal wash-out” phase before a more durable base forms. Brandt previously said Bitcoin’s bottom was unconfirmed and highlighted a bear-channel risk from the February low. He pointed to a close below $79,145 as a signal that price could move lower within that channel. Brandt’s key timing message is that he does not expect a tradable low until October. This aligns with an earlier April 23 cycle forecast for an investable low scheduled for Sep/Oct 2026. That potential low could either hold above or break below the February 2026 low, keeping downside scenarios on the table. For the broader cycle outlook, Brandt repeated a projection that the next major high could land between $300,000 and $500,000 in Sep/Oct 2029. For traders, the immediate takeaway is that reaching the February low is not being treated as the end of the decline. Bitcoin risk management may need to account for another wave of selling and/or capitulation before any clearer bottom setup emerges into October.

Ethereum funding rates on Binance surged to the highest level seen in 2026, rising to about 0.00087 (index ~0.0087), according to CryptoQuant. The move signals increased long leverage demand in ETH perpetuals, even as spot price pressure persists. At the time of writing, ETH traded around $1,787–$1,788 (about -5% over 24h). Traders appear to be positioning for a short-term rebound, with Arab Chain suggesting that higher Ethereum funding rates on Binance often follow rapid risk appetite after a sharp drop. However, the article flags key risks for ETH markets. Funding spikes during broader weakness can imply long over-crowding; if BTC keeps falling, long position closures and liquidations may accelerate. This could widen the gap between derivatives sentiment and actual price action. Crypto takeaway: watch Ethereum funding rates on Binance as a short-term sentiment gauge, but treat it as potentially unstable if BTC weakness continues—especially given the elevated liquidation risk implied by high positive funding.

Bernstein started coverage on TeraWulf (WULF) and Cipher Mining (CIFR) with Outperform ratings, using an “AI power lease” thesis: former Bitcoin miners can act as “power landlords” by monetizing large, grid-connected electricity and data-center infrastructure under contract-backed HPC (high-performance computing) demand. The bank projects total AI-related revenue across its covered universe to rise from about $1.2B (2026) to $10.7B (2030). It forecasts TeraWulf AI revenue at $1.7B and Cipher at $1.2B. For traders, the key is execution risk versus contract visibility, not short-term Bitcoin price action. New color from the later update: TeraWulf’s transition is already visible. In Q1 2026, revenue was $34M, with 60% coming from HPC leases rather than Bitcoin mining, and the company has amassed over $12B in long-term contracted HPC revenue. Bernstein’s view also notes that the stock reaction was muted because both names had already rallied in 2026 as AI optimism was partially priced in. Context: Bernstein set price targets at $36 (WULF) and $32 (CIFR). It follows other Wall Street calls—Morgan Stanley (Overweight, ~$37–$38) and Jefferies (Buy, $32 for CIFR and $28 for WULF). For crypto traders, this supports continued “AI + power” capital rotation, but the longer-term upside depends on hyperscaler compute demand staying on track.

Moomoo, backed by Futu Holdings, announced a partnership with Kalshi on Jun. 4, 2026, to add CFTC-regulated prediction markets directly inside its app. The first wave of prediction markets lets users trade CFTC-regulated event contracts on outcomes including Federal Reserve interest-rate decisions, elections, and the 2026 FIFA World Cup. Kalshi is a designated contract market registered with the CFTC, so these contracts sit under the same regulatory framework as commodity futures. Moomoo received regulatory approval on May 28, 2026, shortly before the partnership was made public. This move follows similar deals: Kalshi has already partnered with Robinhood, Webull, and Coinbase, making prediction markets increasingly common among retail trading platforms. Kalshi’s valuation is reported around $11 billion in 2025–2026, and it has expanded into crypto-adjacent offerings such as perpetual futures and crypto-linked event contracts. Alongside this partnership, Moomoo upgraded its crypto trading services in May 2026, offering support for 50+ digital assets with $0 commissions and a 0.49% transaction fee, plus direct on-chain transfers to external Web3 wallets. For crypto traders, the key takeaway is that CFTC-regulated event derivatives are moving “into the app” at retail scale—via prediction markets integrations—while Kalshi also continues to develop crypto-adjacent derivatives.

Japan’s Vice Finance Minister for International Affairs Atsushi Katayama said authorities are “always ready to react suitably as needed” to excessive or disorderly forex moves. The comment keeps the market focused on Japan forex intervention risk as the yen stays near multi-year lows versus the US dollar. Katayama did not specify any USD/JPY trigger level, but his wording follows the same pattern often used before action. The yen’s weakness is tied to a widening interest-rate gap: the Bank of Japan remains on ultra-low rates while the US Federal Reserve has kept tightening, supporting USD demand and yen selling. Japan last intervened directly in October 2022, spending about $42 billion after the yen slid to around 151 per dollar. Since then, officials have repeatedly warned against speculative moves but have mostly avoided direct intervention. For traders, the key risk is a sudden yen support headline. Any Japan forex intervention announcement could trigger sharp, short-lived USD/JPY reversals and raise near-term volatility across FX-linked positioning. Expect more “rate check” signals and further official language on timing and thresholds, which can quickly change risk sentiment—including in markets that crypto trades alongside.

Kraken Co-CEO Arjun Sethi has agreed to acquire Wyoming-based Summit National Bank for $5.5 million, according to a report cited by Bank Reg Blog. The deal is linked to the bank’s parent company, which is currently in bankruptcy proceedings. Key terms: the acquisition is not final and requires approval from a bankruptcy court. Creditors and other stakeholders could affect the outcome, and the decision timeline is unclear. Strategic context: the proposed bank purchase would give Kraken a federally regulated banking entity. That could strengthen Kraken’s U.S. payments infrastructure and deposit-taking capabilities, potentially reducing reliance on third-party banking partners. Separately, Kraken’s parent company Payward is preparing for an IPO. Payward filed a confidential application with the U.S. SEC in November 2024, signaling an intention to list on a public exchange. This matters for traders because improved regulatory standing and financial credibility can influence sentiment around major exchanges like Kraken. If court approval is granted, Summit National Bank could act as a regulated on-ramp for Kraken’s customers, potentially offering insured deposits and more direct access to traditional payment rails.

South Korean lawmaker Baek Seon-hee (Rebuilding Korea Party) introduced a legislative amendment on June 4 to prevent crypto mispayments after a major Bitcoin transfer was mistakenly sent via a domestic exchange earlier this year. The bill would amend the Act on the Protection of Virtual Asset Users. It requires virtual asset service providers to run a real-time information processing system that continuously links users’ actual on-platform balances with internal ledgers, enabling instant detection of discrepancies. Exchanges would also need an automatic safety feature to restrict or halt transactions when anomalies appear, including balance mismatches or unusually large transfers that diverge from normal user behavior. The core goal is to reduce the risk of human error before funds leave the account. Since blockchain transactions are typically irreversible after confirmation, the bill focuses on pre-trade prevention rather than reversing completed transfers. If passed, South Korea would strengthen consumer protections and push for higher operational reliability around crypto mispayments, potentially setting a regulatory precedent for other markets facing similar exchange-level error risks. Key takeaway for traders: the proposal targets exchange controls and compliance, which may influence sentiment around custody/transfer security but is not a direct tax or spot-market rule.

A wallet linked to Multicoin Capital transferred 56.11 million ENA, worth about $5.28 million, to institutional custody and trading platforms Galaxy Digital and BitGo, according to Onchain Lens. The sender address starts with 0xD4d5 and routed ENA to two recipients. The intent is not disclosed, but transfers of this size from venture-linked holdings often point to portfolio rebalancing, custodial changes, or liquidity preparation. ENA is the governance and utility token of Ethena. Ethena runs the USDe synthetic dollar system, and ENA is used for governance and staking. Because ENA has shown significant volatility since launch, whale-sized movements can affect short-term price dynamics. For traders, this is a notable on-chain activity involving recognized institutions. While the transfer alone does not confirm an imminent sale or buy, it can influence expectations around custody flows and possible OTC liquidity management. Traders may watch for follow-on transactions from Galaxy Digital/BitGo-controlled wallets and any subsequent transfers that could indicate market positioning. Multicoin Capital is an early-stage crypto venture firm, and similar portfolio moves by such funds are frequently interpreted as strategic signals by participants. However, without explicit information on destination purpose or trading intent, the immediate impact is likely limited until additional on-chain signals emerge.

HYPE spot ETFs saw a combined net inflow of $12.14 million on June 4, according to SoSoValue data. The inflow was led by Bitwise’s BHYP, which attracted $7.45 million (over 60% of the day’s total). 21Shares’ THYP recorded no net flows. A key catalyst was the trading debut of Grayscale’s HYPE staking ETF, listed under the ticker HYPG. This adds staking exposure to HYPE, expanding the available HYPE spot ETF lineup to three products. With HYPG now live, total cumulative net inflows across all HYPE spot ETFs reached $151.66 million since trading began. For traders, the continued HYPE spot ETF inflows suggest steady institutional and retail demand for regulated access to HYPE price exposure. The staking-enabled structure could further differentiate flows versus standard spot ETFs, potentially attracting investors seeking yield on top of spot performance. Regulators will likely pay closer attention as staking features add extra considerations around custody and yield disclosure.

US President Donald Trump said he is open to meeting Iran’s Supreme Leader Ayatollah Mojtaba Khamenei if it could produce a deal to end the ongoing U.S.-Iran conflict. In an interview with CNBC, Trump said he would be “honored” to sit down with Khamenei, but stressed that any meeting must result in a concrete agreement. The comments arrive amid heightened U.S.-Iran tensions, with the U.S. still pursuing “maximum pressure” via sanctions and military posture. Trump did not name a date or location, and the offer is conditional—designed to trigger negotiations only if a tangible end to hostilities is feasible. Analysts described the signal as a potential diplomatic opening, but noted skepticism given prior failed talks. The conflict is described as largely indirect, involving proxy clashes, cyber operations, and economic warfare. Iran has not yet officially responded. For markets, U.S.-Iran dynamics remain closely linked to oil prices and regional security. Traders may watch for any shift that could ease supply concerns—while a lack of progress could keep volatility elevated. Bottom line: Trump’s willingness to meet Iran’s supreme leader is a notable rhetorical shift, but the impact depends on whether direct talks turn into real negotiations and a verifiable deal.

Euler Finance says users still hold unclaimed ETH from the recovery of its 2023 V1 exploit. Onchain messaging recently notified a wallet about 32.3 ETH (about $73K), with the address inactive since April 2023. The broader recovery distribution remains open: Forgotten ETH data shows around 149.13 ETH unclaimed across 1,636 eligible addresses. The incident began on March 13, 2023, when Euler Finance’s V1 was exploited for roughly $197M in assets, including DAI, USDC, WBTC, and stETH. The attacker, calling themselves “Jacob,” later returned the stolen funds. By April 4, 2023, Euler reported full recovery of the assets, with an estimated value near $240M after price appreciation during negotiations. Euler used a Merkle-tree claim mechanism (“EulerClaims”) to let eligible users withdraw their share. The contract was built to support both externally owned wallets and multisignature wallets. EulerClaims appears to remain live with no stated pause or deadline, meaning claimants can act if they verify eligibility. Traders should search for their address and confirm whether they hold any unclaimed ETH before the claim window potentially changes. Net takeaway: this is not market-moving liquidation news, but it is actionable “find-and-claim” unclaimed ETH, potentially reintroducing funds to exchanges if users claim.

In a Unchained discussion, Jeff Dorman (Arca CIO) argues that MicroStrategy’s balance-sheet strategy—especially its preferred stock financing—has increased financial strain on Bitcoin holders. Dorman says MicroStrategy’s capital structure has become more complex after adding preferred shares. He estimates preferred issuance has ballooned to about $15B total, with dividend rates around 10–12%, implying roughly $1.7B in annual preferred dividends. He frames this as a multi-stakeholder dilemma: Bitcoin holders, common shareholders, preferred shareholders, and debt holders all require support, but not all can be funded without trade-offs. Market impact: Dorman highlights that trading value fell as investors questioned whether MicroStrategy could reliably pay preferred dividends. To address these fears, the company raised about $2B through a mix of additional preferred stock and common stock, positioning the funds as a buffer intended for dividend payments “for a year and a half.” Despite the capital raise, Dorman characterizes the preferred-stock decision as an “unforced error,” warning that sentiment is highly sensitive to MicroStrategy’s corporate actions. He suggests even small BTC selling activity (described as only a few million dollars) can spook markets, pressuring BTC prices. Overall, Dorman’s core point is that MicroStrategy’s preferred stock obligations can quickly tighten available liquidity, turning corporate-finance choices into a direct risk factor for Bitcoin price dynamics.

On-chain data cited from Glassnode analyst CryptoVizArt shows that Bitcoin long-term holders are enduring their deepest “underwater” pain since major drawdowns. After the latest BTC price crash, the amount of loss-supply held by Bitcoin long-term holders jumped, reaching about 5.3 million BTC underwater—higher than the lows following the FTX crash and other prior bear markets, only exceeded during the COVID-19 crash in March 2020. The article defines long-term holders (LTHs) as BTC investors holding for more than 155 days. As this cohort’s acquisition period mostly predates much of 2024’s higher prices, a Q4 2025 bearish shift and the February crash pushed more of their supply into unrealized losses. Analysts note that such extreme readings have often aligned with market lows and subsequent reversals, but it’s still unclear whether the current loss level will mark a bottom or extend further. At the time of writing, BTC trades around $64,000, down over 13% on the week.

The US House passed the War Powers Resolution on June 3, ordering troop withdrawal from hostilities against Iran unless Congress formally declares war or grants specific statutory authorization. The vote was 215-208, with four Republicans (Thomas Massie, Warren Davidson, Brian Fitzpatrick, Barrett) joining Democrats. The measure is expected to face strong resistance in the Senate and is unlikely to override a presidential veto—keeping geopolitical risk elevated. For crypto traders, the War Powers Resolution outcome quickly moved sentiment. Bitcoin sold off toward ~$65,000 during escalation periods, then rebounded to above $77,300 after the vote (about +19% from the lows). On the sanctions side, the US reportedly froze nearly $500 million in digital assets linked to Iranian entities, while enforcement against Iranian crypto usage remains a focus. Key watch points for trading: (1) any Senate action or veto dynamics can rapidly swing risk-on/risk-off; (2) continued enforcement against sanctioned wallets may pressure crypto volumes and liquidity; and (3) macro spillovers are possible given the Strait of Hormuz’s share of global oil flow. Overall, the War Powers Resolution headline may drive short-lived relief, but sustained trend depends on clear de-escalation and follow-through in enforcement policy.

JPMorgan and Citi are reportedly preparing a tokenized deposits network that moves customer balances onto a shared blockchain settlement rail. The plan would likely use The Clearing House to route the system, aiming for 24/7 programmable transfers and faster interbank settlement while keeping bank custody and established compliance. This tokenized deposits approach is positioned as a direct institutional response to stablecoins, which have captured large portions of dollar transaction activity traditionally handled by commercial banks. Observers say the tokens would be bank liabilities (not separately collateralized instruments like most crypto-native stablecoins), potentially offering “programmable money” without abandoning FDIC-style protection frameworks. The move is also framed as aligning with emerging U.S. stablecoin legislation that favors regulated bank issuers. In parallel, Canada launched its “AI for All” strategy on June 4, targeting up to $200B in additional economic output and 250,000 new jobs over five years. Prime Minister Mark Carney and AI Minister Evan Solomon presented the plan amid concerns that only about 12% of Canadian businesses currently use AI, with a goal of 60% by 2034. The roadmap includes compute infrastructure, talent retention, and public-sector AI workflow integration, plus free AI literacy training for one million post-secondary students. For traders, the headline is that “tokenized deposits” signals mainstream finance testing blockchain settlement features to compete with stablecoins—potentially tightening the competitive landscape in dollar payments, even if it doesn’t immediately change spot crypto prices.

Audiera [BEAT] has surged 143.3% over a fortnight and gained 11.77% in the last 24 hours, challenging the $1.45 resistance level. Trading activity has strengthened: 24h volume rose 67%, while Open Interest increased by just over 14%. This mix of spot and derivatives momentum suggests short-term strength, but the broader trend remains bearish. For BEAT, two paths are highlighted. A bullish breakout would require clearing $1.52 (a local high). If achieved, price could target the 50% retracement near $2.31 and potentially extend toward $3.56. The bearish alternative is a failure to hold, with a drop below $1.16 that could send BEAT down toward $0.53. Traders are urged to respect overhead supply. BEAT formed a $0.96–$1.43 two-week range. The area up to $1.52 is a key supply zone that has repeatedly rejected bulls. Options/derivatives positioning adds fuel: CoinGlass shows a cluster of short liquidations concentrated around $1.35–$1.68 (already partly triggered), meaning a liquidity sweep toward $1.5–$1.6 is possible. However, because cumulative short-liquidation leverage is higher overhead than below, a push higher may be followed by rejection and a retracement back to the $0.96 range low unless BEAT can close a daily session above $1.6. Overall: the rally is real, but BEAT longs look premature while the range persists.

Microchip (MCHP) received a US export license from the Commerce Department’s Bureau of Industry and Security (BIS) to allow its Armenian team to access controlled FPGA and high-performance hardware technology for R&D. This US export license covers two export-control categories: ECCN 3E001 (advanced electronic/FPGA technology) and ECCN 3A001.a.7.b (high-performance hardware), and authorizes selected personnel to work within US rules. Microchip said the approval (announced June 4, 2026) is validation of its compliance framework and makes it the only multinational chipmaker in Armenia operating under a US site license. The company’s Armenia operations began after its 2023 acquisition of Instigate Holding. Since then, Microchip expanded its workforce by 43% and now runs four sites in Yerevan, Gyumri, Vanadzor and Ijevan, including a new Yerevan office opened in late 2024 (ceremony on March 6, 2025). The work focuses on FPGA digital design and verification, software development and application engineering. For crypto traders, the practical relevance is hardware supply-chain improvement: FPGAs sit between GPUs and ASICs for some mining algorithms and are used in hardware security and data-center acceleration—components that support blockchain infrastructure. The additional R&D capacity may improve future FPGA performance and cost efficiency, but it is not an immediate market-moving catalyst for major tokens.

The Japanese yen is failing to sustain gains despite the Bank of Japan (BOJ) raising rates for the first time in 17 years. The USD/JPY pair remains “coiled” near major technical levels, suggesting consolidation and an impending breakout. BOJ’s March move ended negative rates, taking the policy rate to 0.0%–0.1%. Yet the yen initially weakened and then stabilized, largely because the interest-rate differential still favors the US. The Federal Reserve policy rate remains above 5%, keeping carry-trade demand strong (borrow yen, buy higher-yield assets). Until the Fed signals a clear shift toward rate cuts, USD/JPY pressure is likely to persist. Technicals: USD/JPY is trading in a narrowing range. Support is near 150.00, while resistance caps moves around 152.00. A break above 152.00 could revive the broader uptrend toward 155.00 and higher. A downside break below 150.00 would be bearish and may open the door to 148.00. Key catalysts for USD/JPY are upcoming US inflation data and any change in Fed rhetoric. The article also notes BOJ guidance: further hikes depend on inflation staying sustainably above 2%. For traders, the “coiled” USD/JPY setup raises the odds of a sharp, directionally driven move—important for FX liquidity and risk sentiment that can spill into broader crypto market conditions via cross-asset flows.