Live Feed

An anonymous whale address starting with 0x1be4 borrowed 18,000 ETH, worth $29.83 million, from the crypto lending protocol Aave (AAVE) and deposited the funds to Binance a short time ago. On-chain analyst Lookonchain suggested that the whale likely borrowed the ETH to short the asset.

Shareholders of MicroStrategy (MSTR) have approved a proposal to change the dividend payment schedule for its preferred stock, STRC, from monthly to semi-monthly, Unfolded reported. The company had previously proposed the change to enhance price stability, increase liquidity, and improve market efficiency. MicroStrategy plans to maintain the annual dividend rate of 11.5% despite the more frequent payments.

DeFi protocol Felix announced via its official X account that it will shut down its Hyperliquid (HYPE) HyperEVM-based decentralized exchange (DEX) on June 20. Felix explained that following the termination of the USDH service, it will halt operations for all currently running HIP-3 based markets. A phased shutdown will begin on June 19, with the official termination scheduled for June 20.

FTX founder Sam Bankman-Fried (SBF), who is serving a prison sentence for fraud and other charges, has formally requested a pardon from U.S. President Donald Trump, Bloomberg reported. The Wall Street Journal previously noted that Trump is considering pardoning up to 250 individuals to commemorate the 250th anniversary of U.S. independence, with an announcement likely at an event on either June 14 or July 4.

The Open Network (TON), Telegram's native layer-1 blockchain, captured a 35.5% share of the cross-chain NFT market in the first quarter, a 130.4% increase from the previous quarter, according to blockchain analytics firm Messari. In its Q1 report on The Open Network, Messari noted that during the same period, the spot price of TON fell 26.5%. Sales of Telegram products settled through Fragment, a TON-based digital asset marketplace, reached $88.5 million. Other metrics showed a decline. Total value locked in TON-based DeFi protocols fell 34.9% quarter-over-quarter, or 11.6% when measured in TON. The average daily transfer volume of USDT was $77 million, down 32.5%, and the number of daily active addresses decreased by 8.8% to 90,790.

Bitcoin is exhibiting a bullish divergence pattern similar to the one seen during the FTX collapse, suggesting a potential rebound, Cointelegraph reported. The analysis notes that while BTC's price fell from $75,770 to around $63,000, its weekly Relative Strength Index (RSI) formed a higher low, rebounding from below the oversold level of 30 to its current level of 34. This pattern indicates that selling pressure may be weakening. This is the second such signal to appear on the BTC weekly chart. The first occurred in November 2022, immediately after the FTX collapse, and was followed by a 715% rally from approximately $15,500 to $126,200. Technically, the first price target for Bitcoin is now around $91,755, which aligns with the 50-week simple moving average (SMA).

EDGE Markets, a firm that develops cryptocurrency financial products and services, announced it has secured $29.2 million in a Series A funding round. The round was led by CoinFund, with participation from Indicator Ventures, Mantis VC, and Bullpen Capital. EDGE Markets plans to use the funds to expand its services.

Coinbase announced on X that it has been designated as the official Deployer for Hyperliquid's USDC Treasury Wallet.

The three major U.S. stock indices opened higher today. - S&P 500: +0.85% - Nasdaq: +1.62% - Dow Jones: +0.30%

MetaMask has announced the launch of Agent Wallet, a self-custody wallet for artificial intelligence (AI) agents. The wallet is designed to enable AI agents to autonomously execute transactions such as swaps, perpetual futures, prediction markets, and liquidity provision within the Ethereum (ETH) ecosystem. Supported networks include EVM-based chains and Hyperliquid (HYPE).

More than 200 digital asset companies and organizations, including Coinbase, Ripple, Kraken, Circle, and Binance.US, have sent a letter to U.S. Senate leadership urging a floor vote on the CLARITY Act. According to The Block, the industry argued that the bill would establish a comprehensive federal regulatory framework for the digital asset market, clarify authority between regulatory agencies, and provide reasonable registration procedures and developer protections. The letter stated that the act presents an opportunity to strengthen U.S. global leadership in the digital asset sector while keeping innovation, jobs, investment, and market activity within the country.

Bitmine (BMNR) announced it purchased an additional 126,971 ETH last week, bringing its total holdings to 5,543,872 ETH.

A whale who bought BTC near $113,000 and ETH around $4,300 has initiated a large-scale stop-loss sale, according to ai_9684xtpa. Four hours ago, the address deposited 80 WBTC and 6,100 ETH, worth approximately $15.21 million, to Binance. This volume is believed to have been purchased near the market peak in mid-October of last year, and the address's current asset value is down by about 44% since that time.

Bitcoin's MVRV-Z Score, a metric calculated by dividing the difference between an asset's market and realized value by the standard deviation of its market cap, is approaching levels seen at the bottom of previous major bear markets, raising the possibility of a market recovery. According to an analysis by CoinDesk, the score is currently at 0.24, placing it just above the green zone near zero, an area historically considered a strong buying signal. The analysis noted that in the bear markets of 2014, 2018, and 2022, strong rebounds began after the indicator fell below zero.

Strategy announced on X that it invested $101 million last week to purchase an additional 1,550 BTC at an average price of $65,332.

The UK's Financial Conduct Authority (FCA) has proposed allowing authorized investment funds to invest up to 10% of their assets in crypto exchange-traded notes (ETNs), The Block reported. The proposal covers public funds, known as UCITS, and most non-UCITS retail investment funds. If the regulation is adopted, these funds would be permitted to allocate up to 10% of their assets to crypto ETNs.

Asset manager and Bitcoin acquisition firm Strive disclosed in an SEC filing that it purchased 32 BTC last week between June 2 and June 7. The company acquired the bitcoins at an average price of $63,911 for a total of approximately $2.04 million.

The recent decline in BTC's price is the result of a combination of factors, including large-scale outflows from spot ETFs, deleveraging in the derivatives market, and concerns over prolonged high interest rates, Bitfinex noted in a new report. The firm's analysis stated, "The spot Bitcoin Cumulative Volume Delta (CVD) has deteriorated sharply since the accumulation phase in April and May, and the average acquisition price for short-term holders (STH) has fallen below the True Market Mean of $77,800." This indicates that a significant number of recent investors are now at a loss. The macroeconomic environment has also become a headwind. With the U.S. 10-year Treasury yield exceeding 4.45%, rising real interest rates are putting pressure on risk assets across the board. When real rates rise, the cost of holding non-yielding assets increases. Bitfinex added that both digital assets, including BTC, and traditional assets are currently being influenced by these trends in real interest rates.

The UK's Labour Party has called on Nigel Farage, leader of the right-wing Reform UK party, to explain a £5 million (approximately $6.7 million) personal donation he received from prominent crypto investor Christopher Harborne. Decrypt reported that Labour Party Chair Anna Turley criticized Farage in a letter, accusing him of avoiding reasonable scrutiny and repeatedly changing his explanation.

Iran's military has officially declared an end to its military operations against Israel, Fars News Agency reported. The military also warned it would take stronger retaliatory measures if Israel resumes its attacks on Lebanon.

Alex Kuptsikevich, a senior market analyst at FxPro, noted that the current Bitcoin (BTC) market situation resembles mid-2022, suggesting a full trend reversal could take several months, CoinDesk reported. He highlighted that BTC is trading near its 200-week Simple Moving Average (SMA), a level that has historically served as a battleground for bulls and bears at major cycle turning points. With the market sentiment index having plummeted to eight, Kuptsikevich drew a parallel to 2022, when downward momentum slowed but a definitive upward trend took months to materialize.

An anonymous whale sold 9,781 ETH at an average price of $1,663 and used the resulting 15.9 million USDC to purchase 5,114 AAVE, according to Onchain Lens. The same address also requested to unstake approximately 1,909 stETH, worth $1.67 million.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Swell Network (SWELL) starting at 2:00 a.m. UTC on June 10, due to a network transition.

Bernstein has stated in a report that Bitcoin's appeal as a long-term store-of-value asset remains intact, despite spot Bitcoin ETFs experiencing $2.6 billion in net outflows this year. According to The Block, Bernstein analyst Gautam Chhugani noted that the current market is focused on the AI investment craze. He argued that in such an environment, the fact that ETF net outflows have only reached $2.6 billion since the start of the year is actually a positive sign. Chhugani added that BTC receiving relatively little attention during this cycle does not undermine the investment thesis for it as a long-term store-of-value asset.

The Central Bank of Russia announced that starting July 1, it will limit the cryptocurrencies available to general retail investors to BTC, ETH, and USDT, Crypto Briefing reported. Non-professional investors will be permitted to purchase up to 300,000 rubles (about $4,000) in crypto annually and must pass a risk assessment test before investing. Professional investors will undergo the same test but will face fewer restrictions on their investment assets and amounts. Meanwhile, Russia recognizes cryptocurrencies as an asset but continues to prohibit their use as a means of payment.