Crypto

XRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token's weakest technical setups in months.

NEAR Protocol (NEAR) declined 15.2% and Internet Computer (ICP) dropped 13.1%, leading the index lower.

The significant outflows from the ETFs are just a small portion of the quickly worsening BTC landscape.

Bitcoin has dropped 17% in four days, sparking $4.5 billion in liquidations, as analysts warn of a potential move below $60,000.

Arthur Hayes said he dumped his HYPE and NEAR holdings after warning markets may peak before September and AI IPOs could drain liquidity. BitMEX co-founder Arthur Hayes said he dumped his Hyperliquid (HYPE) and Near Protocol (NEAR) token holdings, reversing course after previously assigning aggressive upside targets to both assets. Hayes cited higher energy prices due to the ongoing Middle East conflict, three forthcoming “mega AI IPOs” by the third quarter of 2026 and predictions that US President Donald Trump would turn “anti-AI” to help Republicans win the US midterm elections.  “I think highs in mrkts will happen btw now and September,” wrote Hayes in a Thursday X post, adding that it was “time to take profit.” Read more

Thomas Lee's BitMine is turning to the preferred-stock market to raise fresh capital for its Ethereum strategy, offering investors a 9.5% annual payout. On June 3, the company revealed plans to sell 3 million shares of 9.50% Series A perpetual preferred stock with a $100 stated amount, creating a potential $300 million raise. The shares […] The post Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion appeared first on CryptoSlate.

Coinbase launches pre-IPO markets starting with SpaceX, offering non-US users perpetual futures tied to private company valuations amid rising competition. Coinbase has launched pre-intial public offering (IPO) markets, starting with SpaceX, offering users outside the United States exposure to private companies before they list publicly via a perpetual futures contract tied to the company’s estimated pre-listing price. The product is a USDC-settled perpetual futures contract that tracks SpaceX’s pre-IPO valuation. It allows 24/7 trading with no expiry or rollover, with profits and losses settled in USDC, according to a company blog post Thursday. Coinbase said the positions can be opened and closed at any time, similar to existing perpetual futures contracts on the platform. Upon a future IPO, positions will automatically transition into a post-IPO perpetual futures contract referencing the public listing. Read more

Bitcoin's drop reflects capital rotation into AI, Saylor argues, but the bears have a darker reason.

Bitcoin falls to $62k and Arthur Hayes selling his HYPE and NEAR position leads to double digit fallout for recent alt darlings.

Amid the crypto price crash, a handful of tokens have been performing well, but they're tumbling now as Arthur Hayes exits.

The Treasury chief told senators the administration is using “best practices” in implementing Trump's Bitcoin reserve order.

Retail trading platform moomoo has partnered with Kalshi to offer CFTC-regulated event contracts tied to economic data, elections and major sporting events directly within its app.

The A7A5 stablecoin was designed to bypass sanctions imposed on Russia following its invasion of Ukraine in 2022.

Bitcoin brought back the trend line that functioned as resistance in the 2022 bear market, with BTC price RSI approaching its lowest in six years. Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next. Key points: Read more

FG Nexus offloads another 10,000 ETH, pushing realized and paper losses above $100 million as the Ethereum treasury firm continues cutting exposure. A wallet tagged by Arkham to the publicly listed Ethereum treasury company FG Nexus moved another 10,000 Ether on Wednesday, extending a series of sales that began after the company built a large position in 2025. The latest transfer equates to roughly $17.8 million at current prices and comes after earlier disposals that saw the Nasdaq-listed firm unwind more than 21,000 ETH from its treasury for roughly $55 million. FG Nexus accumulated 50,770 ETH between August and September 2025 at an average price of $3,860 per coin, building a position worth about $196 million at the time. Read more

Can the valuation plummet below $50K in the short term?

A Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to no after traders disputed how the sale should count. A disputed Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to “No” after two dispute rounds, despite Strategy later disclosing that it sold 32 BTC during the market’s covered window. UMA Optimistic Oracle (UMA) token holders voted to settle the market in “no” following a second resolution cycle that closed at 12:34 am UTC on Thursday, blockchain data shows. An overwhelming 98.6% of the 607 participants voted for the market to resolve in “no,” while only 1.4% voted “yes,” data from Betmoar shows. Read more

Your day-ahead look for June 4, 2026

SimpleSwap is a self-custodial multi-source swap aggregator that pulls liquidity from well-known CEX and DEX sources under the hood. It is designed for direct wallet-to-wallet exchanges. Rather than holding your assets on a platform balance, the service lets you choose a crypto pair, enter a receiving wallet address, send the deposit, and receive the output […]

Elon Musk's aerospace company SpaceX is set to IPO, with current estimations making him the world's first trillionaire on its completion.