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Starknet (STRK) announced plans to deploy its v0.14.3 upgrade on the mainnet on June 22. The upgrade, which aims to improve network performance and adjust the fee structure, will first be implemented on the testnet on June 9. Key changes include the introduction of a dynamic Layer 2 gas base fee tied to the STRK price, faster block generation, and a reduction in the target L2 gas usage per block while maintaining the current maximum block size. Support for RPC version 0.8 will also be discontinued. Starknet urged developers to review the official pre-release documentation, highlighting that the update contains several incompatible changes.

Category Labs, the developer of Monad (MON), has unveiled MIP-12, a governance proposal designed to improve network performance by shortening the consensus voting cycle. The proposal aims to reduce the cycle from the current 400ms to 300ms to increase block finalization speed and consensus efficiency. To support this change, the transaction processing limit will be adjusted from 5,000 to 3,750, and the block proposal gas limit will be lowered from 200 million to 150 million.

Security engineer Taylor Hornby, who discovered a critical bug in Zcash (ZEC) using Anthropic's Opus 4.8 AI model, has announced plans to review Monero (XMR) as one of his next audit targets. According to CoinDesk, when asked on X if he would investigate flaws in Monero and other privacy cryptocurrencies, Hornby confirmed he would add Monero to his audit queue. Hornby discovered the Zcash flaw on May 29. The news sparked widespread concern that hackers may have been able to steal funds from Zcash's privacy pool for years, causing the token's price to fall 38% in 24 hours.

Despite claims circulating in online communities that retail investors sold cryptocurrency to fund subscriptions for the SpaceX IPO, there are no unusual data points to support this, CoinDesk reported. Last week, SpaceX achieved an oversubscribed IPO with a valuation of $1.8 trillion. During the same period, BTC fell 16%, temporarily dropping below $60,000. While some have suggested the sell-off was to raise funds for the IPO, no direct link has been confirmed. According to the report, stablecoin withdrawals from exchanges, a key indicator of funds leaving the crypto ecosystem, showed no unusual activity. Furthermore, internal account transfers on platforms like Robinhood and Coinbase are not visible on-chain, making it impossible to verify if users cashed out crypto for the IPO. To determine whether crypto holders sold assets to participate in the offering, data from brokerage firms would need to be released, CoinDesk explained.

According to on-chain analyst EmberCN, a whale investor borrowed $128 million over the past day to purchase 78,060 ETH at an average price of $1,645. Even as ETH fell to $1,505 today, the investor added another 28 million USDT to the position. The position is now at approximately three times leverage, with liquidation prices for the two loans at $1,356 and $1,280. EmberCN noted that the whale has continued to increase its ETH purchases amid growing market fear.

The Coinbase Bitcoin (BTC) Premium Index has remained negative for 19 consecutive days, according to data from Coinglass. The index currently stands at -0.0401%, a narrower negative margin than previously observed. This suggests an easing of selling pressure for BTC in the U.S. market. However, the sustained 19-day negative streak indicates that buying demand from U.S. investors has not yet fully recovered. Market analysts suggest that a shift into positive territory could signal a recovery in U.S. buying momentum, while a widening of the negative premium could point to further selling pressure.

An address linked to BIT (formerly Matrixport) is facing over $84 million in unrealized losses on a 120,000 ETH long position as the price of ETH has fallen below $1,600, HyperInsight reported. The whale is reportedly using 15-20x leverage and has paid approximately $1.85 million in funding fees to date.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.11% long, 49.89% short - Binance: 48.58% long, 51.42% short - OKX: 47.93% long, 52.07% short - Bybit: 49.05% long, 50.95% short

Seven Siblings, an entity known for buying ETH on price dips, has purchased an additional 11,759 ETH, worth approximately $18.03 million, Onchain Lens reported. The whale currently holds around 10 million USDS available for further acquisitions. Onchain Lens added that the entity might also increase its ETH purchases through additional borrowing in the future.

Chun Wang, founder of F2Pool, a major crypto mining pool with Chinese roots, appears to be buying the dip in ETH, according to Lookonchain. He has withdrawn 17,560 ETH, worth approximately $28.67 million, from Binance over the past 16 hours.

Haseeb Qureshi, Managing Partner at Dragonfly, has stated that market concerns regarding a recently patched Zcash (ZEC) vulnerability are excessive. He explained that even if the vulnerability were exploited, an attacker could only counterfeit ZEC within the shielded privacy pool, where transactions and balances are not public. To move these funds to an exchange, they would have to be converted to a publicly traceable transparent address, a process that would reveal any abnormal increase in supply. This means any exploit would likely be detected before it could impact the broader market, he noted. Qureshi also argued that only holders of shielded addresses would be directly affected, while the majority of ZEC holders, including those using exchanges, would not be impacted. Furthermore, he added that only about 1% of the ZEC held in the shielded pool has been converted to transparent addresses. Qureshi described this as a signal that actual stakeholders are not significantly concerned about the vulnerability being exploited.

U.S. spot Bitcoin ETFs recorded a total net outflow of $325.66 million on June 5, according to data compiled by Trader T. The funds returned to net outflows just one day after posting net inflows. - BlackRock's IBIT: -$213.63 million - Morgan Stanley's MSBT: +$4.28 million - Fidelity's FBTC: -$59.69 million - VanEck's HODL: +$4.22 million - Grayscale's GBTC: -$60.84 million

According to CoinNess market monitoring, BTC has risen above $61,000. BTC is trading at $61,027.74 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 $60,997.99.

Nasdaq-listed mining company Bitdeer sold its entire mined supply of Bitcoin again this week, announcing the sale of 205.3 BTC. The company has been pursuing a zero-BTC holdings strategy since February.

Odds on the prediction market Polymarket for Bitcoin recovering to $60,000 today have plummeted 24 percentage points in the last hour, falling from 76% to 52%. The market is set to resolve in approximately 10 hours and 40 minutes.

Ethereum (ETH) co-founder Joseph Lubin transferred 80,001 ETH, worth approximately $121.6 million, to an external wallet about an hour ago, following more than three years of inactivity from the address. The sending address now holds a total of 163,299 ETH, valued at around $248 million. Onchain Lens noted that while the on-chain transfer has been confirmed, it remains unverified whether the funds were sent to an exchange or if the move will result in a sale.

The following is a CoinNess analysis of the order book for the BTC/USDT spot pair using a spot CVD chart. The top section shows a volume heatmap, while the bottom represents the cumulative volume delta (CVD). - The volume heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. Areas with brighter colors may act as support or resistance levels. - The cumulative volume delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

Major exchanges have seen $123 million worth of futures liquidated in the past hour. In the past 24 hours, $1,872 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $60,000. BTC is trading at $59,994.93 on the Binance USDT market.

Prosecutors and police in Chile's southern metropolitan region have uncovered a cryptocurrency money laundering operation worth approximately $90 million, arresting around 20 individuals, Criptonoticias reported. The group is accused of converting illicit funds into cryptocurrency through exchanges and then transferring the money overseas. An account manager at Banco Santander is also reported to be involved in the scheme. Prosecutors described the case as one of the largest money laundering incidents in Chile in recent times.

The Bhutanese government transferred a total of 738 BTC, worth approximately $45 million, to a newly created external wallet over about an hour, according to on-chain analytics firm Arkham. The government is known to have gradually sold 9,180 BTC over the past 11 months at an average selling price of around $98,067.

The U.S. state of Illinois has passed a budget for its 2027 fiscal year that includes a 0.2% privilege tax on cryptocurrency transactions, Cointelegraph reported. The tax is to be collected and remitted by registered digital asset brokers on a transactional basis. Under the new rules, which would take effect on Jan. 1, 2027, unregistered brokers could face up to five years in prison and fines. The provision, included in an amendment to the Digital Asset Privilege Tax Act, now awaits the signature of Governor J. B. Pritzker to become law. The media outlet added that the measure is projected to generate approximately $60 million in additional annual tax revenue for Illinois but has drawn strong opposition from the industry, which claims it was advanced without prior consultation.

According to an analysis by EmberCN on X, the token Binance Life (币安人生) has surged 62% over the past five days, a period during which BTC and ETH fell by 16% and 21%, respectively. EmberCN noted that two addresses recently withdrew 14 million USDT from Bybit and subsequently purchased 21.1 million Binance Life tokens on-chain at an average price of $0.66. Additionally, another address withdrew 21.5 million Binance Life tokens, valued at approximately $14 million, from Binance.

BitMEX co-founder Arthur Hayes announced on X that he has sold his Worldcoin (WLD) holdings. The move came after he shared a chart of SpaceX (SPCX), commenting that it was going in a strange direction. Hayes previously sold his holdings in Hyperliquid (HYPE), Near Protocol (NEAR), and Zcash (ZEC).