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An Ethereum MEV (Maximal Extractable Value) bot mistakenly sent 167 ETH, worth approximately $276,000, to an unspecified user, according to Peckshield.

The frequency of on-chain attacks against cryptocurrency projects has tripled since the widespread adoption of artificial intelligence, according to an analysis by BlockBeats. The media outlet explained that the monthly average of such incidents was just 3.7 between 2020 and 2021, before AI became mainstream. In the period since, the average has surged to 10.4 attacks per month, with a cumulative total of 250 attacks recorded. Attacks have become even more frequent this year as AI capabilities have significantly improved, the report noted. "This suggests that AI technology is being used to automate and increase the frequency of vulnerability discovery and attack techniques," BlockBeats stated. "The importance of smart contract security audits and real-time monitoring across the cryptocurrency ecosystem is also being emphasized."

Strategy founder Michael Saylor has dismissed the possibility of a margin call on his Bitcoin (BTC) holdings. The statement came after Michael A. Gayed, a portfolio manager for Pre-Market ETF, posted on X questioning whether Saylor would eventually face a margin call. Saylor responded with a single word: "No".

Major exchanges have seen $436 million worth of futures liquidated in the past hour. In the past 24 hours, $1,057 million worth of futures have been liquidated.

Major exchanges have seen $263 million worth of futures liquidated in the past hour. In the past 24 hours, $884 million worth of futures have been liquidated.

On-chain analyst ZachXBT announced on his Telegram channel that he has downgraded cryptocurrency exchange Kraken from its top S-tier rating to B-tier. He cited the exchange's listing of low-quality tokens suspected of manipulation, such as M, RAIN, and RIVER, without sufficient due diligence. ZachXBT also pointed to the absence of any mention of victim compensation in Kraken's recent announcement regarding a hacking incident. He noted that other major exchanges like Coinbase and Bybit have prioritized user compensation following security incidents. "I will increase the bounty to up to $100,000 for whistleblowers who provide internal documents—including business contracts, full conversation logs, and market-making (MM) agreements—related to exchange price manipulation," ZachXBT stated. He added that such practices will likely continue until regulators or the public make an example of one of the teams involved in price manipulation.

Strategy's (MSTR) leveraged Bitcoin buying model is under pressure, potentially leading to further price declines for the cryptocurrency, according to an analysis by Grayscale. Cointelegraph reported, citing a recent Grayscale report, that after Strategy sold 32 BTC last Monday, Bitcoin's price fell 16%, accompanied by a drop in MSTR's stock price. Grayscale suggested this could also significantly impact Strategy's preferred stock (STRC), noting that if the company were to increase the STRC dividend rate, it might need to sell more BTC to cover the payments. For the health of the ecosystem, Grayscale added, it is better for companies with diversified revenue models to hold BTC than for supply to be concentrated in a single, BTC-focused firm. However, Augustine Fan, a partner at crypto software firm SignalPlus, stated that while Strategy's BTC sale is being blamed for the recent market downturn, the fundamental reality is that the structural arguments for a bullish outlook are fading.

According to CoinNess market monitoring, BTC has fallen below $62,000. BTC is trading at $61,975.8 on the Binance USDT market.

The spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The upper section shows a Volume Heatmap, and the lower section displays the Cumulative Volume Delta (CVD). - The 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 zones can potentially act as support or resistance levels. - The Cumulative Volume Delta (CVD) indicator shows buy and sell orders categorized by their monetary value. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, while the brown line indicates large orders ranging from $1 million to $10 million.

Major exchanges have seen $104 million worth of futures liquidated in the past hour. In the past 24 hours, $718 million worth of futures have been liquidated.

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: 50.06% long, 49.94% short - Binance: 49.86% long, 50.14% short - OKX: 49.73% long, 50.27% short - Bybit: 49.32% long, 50.68% short

NEC Corporation has announced a joint project with digital asset firm Crypto Garage to develop a cryptocurrency custody system. The system, aimed at financial institutions, institutional investors, and corporations, is slated to begin development this year. The partners aim to launch the service in 2027, aligning with the scheduled implementation of Japan's revised Financial Instruments and Exchange Act. Under the agreement, NEC will handle the development of applications for financial institutions and their clients, along with building the system's infrastructure. Crypto Garage will be responsible for the private key management technology and the development of a backend compliant with anti-money laundering and combating the financing of terrorism (AML/CFT) regulations.

According to CoinNess market monitoring, ETH has fallen below $1,700. The cryptocurrency is currently trading at $1,699.97 on the Binance USDT market.

Web3 developer Alchemy, which provides infrastructure for Visa and Stripe, has joined the Kaia Governance Council. Alchemy plans to provide institutional-grade technical support to Kaia.

Upbit announced it will temporarily suspend deposits and withdrawals for Pocket Network (POKT) from 9:00 a.m. UTC on June 9 due to a network upgrade.

With approximately $1.9 billion in BTC and ETH options set to expire at 8:00 a.m. UTC today, market attention has shifted to U.S. stocks, Greeks.live analyst Adam noted on X. He explained that this week's expiring volume is only about 6% of total options, with most gamma exposure (GEX) concentrated between $60,000 and $63,000. While the options market is not betting on a one-sided further decline, Adam observed a significant increase in demand for hedging as a defensive measure. He suggested that future market focus will be on the return of capital inflows and the stabilization of BTC's price. Currently, both BTC and ETH are far from their max pain prices—the level at which the most option buyers would lose their premiums—and this week's market appears to be dominated by sellers, he added.

OKX founder Star Xu highlighted Kraken's xStocks as a key example of real-world asset (RWA) tokenization, suggesting that the platform could be onboarded onto OKX's Ethereum Layer 2 chain, X Layer, in the future. He emphasized that stock tokens are one of the most important real-world use cases for RWA in the crypto market.

On-chain analyst ZachXBT has warned investors to be cautious of Rain Protocol (RAIN), a prediction market project whose market capitalization recently surged to $8.8 billion. In a Telegram channel post, ZachXBT stated that RAIN's price has soared despite a lack of real users, suggesting potential manipulation. He added that the team's addresses and funding sources are connected to past projects with fraud allegations, including TOMI, Data Ownership Protocol, Sirin Labs, and Gems. These projects are also linked to Moshe Hogeg, an Israeli national who has faced accusations of being a scammer, according to the analyst. ZachXBT noted that these previous projects disappeared after announcing they had been acquired by other platforms. "Any investors looking at RAIN should be extremely careful," he explained. RAIN's price has risen from around $0.007 on May 25 to its current level of $0.014.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for Hedera (HBAR) starting at 10:00 a.m. UTC on June 10 due to a network (mainnet) upgrade.

In response to the recent discovery of an Orchard bug that could have allowed for the infinite minting of Zcash (ZEC), Josh Swihart, CEO of the Zcash development lab, stated that the vulnerability was not a flaw in the underlying cryptographic technology or its proof-generation engine. On his X account, Swihart explained that the Orchard vulnerability was located in a specific rulebook that was "loosely written, which made fake transactions possible." He stressed the importance of preventing such vulnerabilities from recurring, adding that the best solution is "Formal verification." Swihart also noted that multiple teams are currently working to verify Orchard's existing circuits.

Prediction market platform Kalshi is developing a professional trading interface modeled on the Bloomberg Terminal to attract more institutional investors. According to Crypto Briefing, the new interface will allow traders to more easily manage multiple event contract positions and access real-time trading data. Kalshi is currently alpha testing the interface with a select group of traders.

U.S. Ethereum spot ETFs saw a net inflow of $18.87 million on June 4, marking the first such inflow after 17 consecutive trading days of net outflows, according to data compiled by Trader T. - BlackRock ETHA: +$19.26 million - BlackRock Staking ETHB: -$390,000

The hacker behind the Gravity Bridge exploit has deposited an additional 1,180 ETH, worth $2.06 million, into the crypto mixer Tornado Cash, CertiK reported. According to the blockchain security firm, this brings the total amount sent to Tornado Cash to 2,020 ETH, funneled through two externally owned accounts (EOAs). The funds are part of the 2,600 ETH, valued at $5.4 million at the time of the hack, stolen from the protocol. The remaining stolen assets have been distributed to multiple centralized exchanges (CEXs).

Prediction market platform Kalshi has appointed Dani Lever as its Head of Communications. Lever, who previously worked in the New York Governor's office and at Meta, announced the move on X.

Forward Industries, which has been strategically accumulating Solana (SOL), deposited 455,784 SOL to Coinbase Prime, Lookonchain reported. The deposit is worth $31.87 million. Exchange deposits are typically considered a potential precursor to selling.