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We provide real-time cryptocurrency updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Outside these hours, coverage is limited to critical market-moving developments. Note: Breaking international economic news will continue to be provided through the CoinNess Live app and the CoinNess website.

Chicago-based trading giant DRW is building a dedicated trading desk targeting prediction market platforms like Polymarket and Kalshi and is actively hiring for the new unit, CoinDesk reported. Other major firms are following suit, with crypto market maker Wintermute seeking algorithmic traders with prediction market experience and trading firm IMC recruiting quant traders familiar with Binary Event Contracts. The outlet noted that these moves indicate trading firms are increasingly viewing prediction markets as formal trading venues rather than simple betting products.

An anonymous whale borrowed 142 million USDT from Aave over the past 30 hours and subsequently purchased 87,680 ETH, according to Lookonchain. The whale's health factor, an indicator of collateral soundness, has dropped to 1.16. The position is estimated to be at risk of liquidation if the price of ETH falls to $1,354.51.

Chinese investment firm Longling Capital deposited 10,000 ETH, worth $15.68 million, to Binance approximately 10 minutes ago, AmberCN reported. Deposits to exchanges are often interpreted as a potential precursor to selling.

HTX has ceased trading services for World Liberty Financial (WLFI) and its stablecoin, USD1, according to Wu Blockchain. The move follows a decision by WLFI in May to freeze HTX-related on-chain addresses after the UK added the exchange to its sanctions list. HTX claimed the freeze was implemented without sufficient prior consultation or a clear legal basis, restricting some users' ability to trade their WLFI holdings. To protect its users, HTX suspended WLFI trading and halted USD1 deposits and withdrawals. The exchange also converted all USD1 balances on its platform to USDT and credited them to user accounts. HTX emphasized that the frozen addresses belong to regular users, not sanctioned individuals or the exchange itself, and has urged WLFI to lift the freeze.

MicroStrategy founder Michael Saylor asserted on X that BTC is the superior long-term asset. He stated that the construction of AI infrastructure is absorbing capital on a historic scale, creating temporary pressure across global markets. Saylor argued that this trend does not weaken Bitcoin but instead reinforces the need for scarce, liquid digital capital, concluding that Bitcoin remains the superior asset for the long term.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Tether International has announced the appointment of an additional independent director to the board of Twenty One Capital, a publicly traded company with a strategic Bitcoin reserve. The appointment is intended to fill a vacancy on the Audit Committee created by a recent board reorganization. The board of Twenty One Capital has determined that the new director will meet the independence requirements under Rule 10A-3 of the U.S. Securities Exchange Act and Section 303A.02 of the New York Stock Exchange's listing rules. Tether International is the controlling shareholder of Twenty One Capital.

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.