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Qiao Wang, co-founder of Alliance DAO, stated that Zcash (ZEC) is in a situation similar to that of early Bitcoin. On X, he explained that ZEC currently evokes the same feeling as Bitcoin in its initial stages, with top-tier developers writing its code while many critics misunderstand the project. Wang added that while ZEC continues to face various vulnerabilities, uncertainties, and high volatility, its structure offers the potential for substantial returns upon success. This commentary comes as ZEC has fallen sharply today, with selling pressure intensifying following the disclosure of a security vulnerability that could potentially lead to infinite inflation. According to CoinMarketCap, ZEC is currently trading at $318.76, down 40.27%.

Chun Wang, founder of F2Pool, a major crypto mining pool with Chinese roots, appears to be buying the dip in ETH, EmberCN reported. An address associated with Wang withdrew 9,719 ETH ($16.16 million) from Binance a short while ago and subsequently deposited the entire amount into the DeFi lending protocol Spark.

Grayscale's Hyperliquid (HYPE) ETF, HYPG, has purchased approximately $5 million worth of HYPE over the past 48 hours, according to analysis from crypto analyst Hupzy. Hupzy noted that Grayscale's inclusion of HYPE signals growing long-term demand, explaining that ETFs create consistent buying demand regardless of price, which helps absorb market selling pressure. While the $5 million purchase may not be substantial on its own, Hupzy suggested that if HYPG continues to see net inflows, Grayscale could emerge as a major buyer of HYPE, alongside addresses related to a16z.

According to monitoring by security firm PeckShield, the DTXT/USDT trading pair on BNB Chain was attacked, resulting in a loss of approximately 35,041 USDT. The exploit stemmed from a vulnerability in the DTXT contract that determines the type of operation by comparing its USDT balance with the trading pair's deposits. The attacker sent a small amount of USDT directly to the trading pair's address, which caused a large DTXT sell order to be misinterpreted as an addition of liquidity, thereby bypassing the sell transaction fee logic. The attacker used a flash loan of 1,077,400 USDT from Moolah to execute the exploit, securing a profit of about 35,000 USDT.

Bitcoin mining company Keel Infrastructure (KEEL) plans to issue $400 million in convertible notes due in 2032, according to a Globe Newswire press release. The notes will carry an annual interest rate of 1.25%. The offering was upsized from an initial $350 million due to strong demand. Payment obligations for the notes are guaranteed on a senior unsecured basis by Keel's subsidiary, Bitfarms.

Morgan Stanley's wealth management division has partnered with Galaxy Digital to offer a service for high-net-worth clients that converts their directly held Bitcoin, Ethereum, and Solana into spot crypto ETFs, Barron's reported. The converted ETFs can then be used as collateral for loans, with a minimum transaction size of $5 million. This collaboration follows the U.S. SEC's approval in July 2025 of an in-kind conversion mechanism between directly held crypto assets and spot crypto ETFs.

Bitcoin Treasury Capital (BTCB) has announced the launch of 'BTC PREF,' which it describes as Sweden's first preferred stock backed by Bitcoin (BTC). According to the company, 'BTC PREF' will offer a 10% annual dividend and is scheduled to begin trading on the Spotlight Stock Market on July 20. BTCB expects to raise approximately $2.5 million from the offering and plans to use the funds to purchase additional BTC.

A source close to the Iranian negotiating team has denied reports from Saudi Arabian media that Iran agreed to transfer a portion of its enriched uranium stockpile to a third country, according to Iran's Fars News Agency. The source added that current negotiations between Iran and the U.S. do not include nuclear-related issues, stating these topics have been postponed for future discussions.

According to CoinNess market monitoring, BTC has fallen below $62,000. BTC is trading at $61,994.01 on the Binance USDT market.

CNBC reported that MicroStrategy's (MSTR) Bitcoin sales and a correction in technology stocks have dampened investor sentiment in the cryptocurrency market. Charles-Henry Monchau, Chief Investment Officer (CIO) at Syz Group, said that speculative funds are shifting to AI-related stocks and South Korean memory chip stocks, with anticipation for large IPOs also absorbing some capital. Rajiv Sony, an analyst at Wave Digital Assets, explained that the correlation between BTC and the Nasdaq has weakened significantly. He noted that while the 30-day correlation between BTC, the Nasdaq, and the S&P 500 was almost perfectly positive a month ago, it has dropped considerably in recent weeks. Conversely, Matt Cole, CEO of Strive, argued that Bitcoin's fundamentals are stronger than ever. He pointed out that this is the fifth time BTC has approached its 200-week moving average, and the previous four instances served as buying opportunities.

BlackRock has deposited 1,978 BTC ($123.66 million) and 14,244 ETH ($23.84 million) to Coinbase Prime, according to Onchain Lens. The deposit is believed to be part of the operational management of its spot crypto ETFs, likely for settling redemptions amid fund inflows and outflows.

On-chain analysis firm Glassnode noted that the one-month implied volatility (IV) for BTC has surpassed 40%, while realized volatility remains around 35%. This indicates that the options market is pricing in greater price fluctuations than the spot market is currently experiencing. The firm added that short gamma positions are currently dominant in the BTC market, with the maximum negative gamma price level at $65,000. As BTC trades within this range, hedging demand could further amplify price volatility.

MicroStrategy founder Michael Saylor has identified four main ideological camps within the Bitcoin community, calling for greater convergence among them. According to his explanation, Maximalists emphasize Bitcoin's status as the dominant digital currency network. Capitalists argue for the deep integration of Bitcoin into global capital markets, banking systems, and corporate balance sheets. Technologists support technical upgrades to enhance scalability, privacy, and security. Finally, Fundamentalists stress the importance of self-custody, decentralization, and the protocol's immutability to prevent it from being co-opted by institutional or regulatory forces.

Citigroup has warned that the global stock market has entered its largest bubble since the 2008 financial crisis. The bank noted that 10 of the 18 items on its Global Bear Market Checklist have now entered the danger zone. Key risk factors cited include overvalued stock prices, optimistic investor sentiment, expanding investment in artificial intelligence (AI), and an increase in IPOs. While Citigroup's year-end market outlook remains optimistic, it cautioned that if more risk indicators emerge, a buy-the-dip strategy during a market correction could become significantly riskier.

Funding rates on major centralized (CEX) and decentralized (DEX) exchanges have turned negative as Bitcoin (BTC) fell to $61,126 today, BlockBeats reported, citing data from CoinGlass. The outlet noted that this shift indicates a clear turn toward bearish sentiment among market participants. Funding rates are a mechanism in perpetual futures contracts designed to align the futures price with the spot price through payments exchanged between long and short traders. A rate above 0.01% is typically considered a bullish signal, while a rate below 0.005% is interpreted as bearish.

According to monitoring by Onchain Lens, an anonymous Bitcoin whale that had been dormant for five years has transferred 602.26 BTC, worth approximately $37.81 million, to Binance. The address realized a profit of approximately $30.66 million from the transfer.

Bloomberg has pointed out that stablecoins could introduce new risks to the global financial system if they become a core part of future monetary infrastructure. The report noted that while tokenization technology can enhance settlement efficiency and reduce transaction costs, the U.S. government is effectively adopting privately issued, dollar-pegged stablecoins as an alternative to a central bank digital currency (CBDC). Bloomberg argued that stablecoins are essentially private IOUs dependent on the issuer's credit, which could undermine financial market stability in the event of a large-scale redemption event or operational failure. Concerns also persist regarding the accounting transparency and anti-money laundering (AML) frameworks of Tether, the world's largest stablecoin issuer. The report suggested that major jurisdictions like the European Union (EU) should either build tokenized currency systems based on central bank deposits or pursue the development of a CBDC, explaining that the financial chaos caused by the private currency systems of the 19th century should not be repeated.

Binance has confirmed in a tweet that its stock lending service, Fully Paid Securities Lending (FPSL), is set to launch on June 10. The service will allow users to earn income by lending out their stocks. Participants can sell their holdings at any time, even while the shares are on loan. However, users must temporarily waive their voting rights for any lent shares, and dividends will be distributed as cash-in-lieu payments. Binance had previously announced that the service was scheduled to go live on June 4.

The Spot CVD chart provides an analysis of the BTC/USDT spot pair's order book. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the scale of trading volume at specific price levels. The background color brightens when the price remains in a particular range for an extended period or experiences a significant move. These brighter areas can potentially act as support and resistance levels. - The bottom CVD indicator represents buy and sell orders categorized by the size of the funds involved. As buy orders increase, the corresponding colored line on the chart rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large-scale orders ranging from $1 million to $10 million.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Near Protocol (NEAR) at 0:00 a.m. UTC on June 10 due to a network upgrade.

The price of Babylon (BABY) temporarily touched $1.3 following news of its listing on the South Korean exchange Upbit, according to CoinNess Market Monitoring. On the Binance USDT futures market, the token surged from $0.012 to $1.3—a gain of approximately 10,733%—after Upbit announced trading support on its KRW market. The token has since retraced and is currently trading at $0.01724.

Nasdaq-listed Cypherpunk Technology (CYPH), a corporate acquirer of Zcash (ZEC), is currently facing an unrealized loss of approximately $7.75 million due to a sharp decline in the cryptocurrency's price, Foresight News reported. As of May 13, Cypherpunk held a total of 314,185 ZEC at an average purchase price of $337.86. The estimated loss is based on a current ZEC price of around $313. According to CoinMarketCap, ZEC is currently trading at $337.82, down 37.79%.

According to CryptoSlate, Bitget Wallet research analyst Lacie Zhang stated that a recent $1.76 billion liquidation event served to clear out excessive long positions in the market. Zhang noted that a decrease in open interest (OI) has also significantly reduced speculative positions compared to the previous week. The analyst explained that the crypto market tends to price in macroeconomic shocks ahead of traditional financial markets due to its 24-hour trading structure, high leverage, and rapid response times. If spot Bitcoin ETF outflows persist, Zhang added, BTC could potentially retest the $55,000 to $57,000 range.

Iran has notified Pakistan that it has agreed to transfer part of its uranium stockpile to a third country, according to Saudi Arabia's Al Arabiya TV.

According to Onchain Lens, a whale address that had been dormant for three years deposited 20,000 ETH (worth approximately $33.28 million) into Aave V3 and borrowed 30 million USDT. The whale then used the funds to purchase more ETH. This activity increased the address's total holdings from 38,554 ETH ($64.28 million) to 56,380 ETH ($94.04 million).