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Bloomberg ETF analyst Eric Balchunas stated that the narrative around Bitcoin needs a reset. He argued for reducing expressions like "baby boomers will buy it" and instead emphasizing that Bitcoin is the best hedge against the devaluation of fiat currency.

The founder of Zcash has confirmed the existence of a critical bug in its Orchard protocol that could have allowed for the unlimited creation of ZEC, Solid Intel reported. The vulnerability was present from May 2022 until it was recently patched. Due to the anonymity of the Orchard pool, it is impossible to determine if the bug was ever exploited.

DeFi protocol Ether.fi (ETHFI) has partnered with Plume, a blockchain project focused on regulated real-world assets (RWA), to launch a new RWA vault. Ether.fi announced on June 4 that it has made an exclusive $100 million investment into the vault. The protocol, which holds over $6 billion in customer deposits, aims to provide its users with access to institutional-grade RWA investment opportunities previously unavailable to the general public. Users can access these yields through the Plume RWA vault directly within the Ether.fi application. The vault is based on Plume's flagship product, the RWA yield protocol Nest, and is structured to include over-collateralized loan pools, AAA-rated collateralized loan obligations (CLOs), and broad bond market ETFs. According to the announcement, the assets within the vault are provided by asset managers who collectively oversee more than $10 trillion in assets under management (AUM).

The U.S. dollar-won exchange rate broke above the 1,540 mark during overnight extended trading, reaching its highest level since the global financial crisis, Yonhap Infomax reported. This marks a 17-year high for the currency pair, which last saw such levels when it hit an intraday peak of 1,561.00 won on March 10, 2009.

SpaceX has informed investment banks that its initial public offering (IPO) will be priced at $135 per share, a figure the company does not intend to change, according to sources.

U.S. President Donald Trump said on June 4 that he would not rule out a meeting with Iran's new Supreme Leader if a final agreement is reached with the country. He reiterated that the U.S. would never tolerate Iran possessing nuclear weapons and claimed to have previously struck and completely destroyed an Iranian nuclear facility. Trump also explained that he had considered and ultimately abandoned a plan to send U.S. troops to remove enriched uranium from an Iranian nuclear site. He said the plan was deemed too risky, as it would have required a one-to-two-week operation involving heavy equipment and airlift capabilities, and could have led to U.S. casualties in a prolonged ground mission.

Patrick Witt, a member of the White House Digital Asset Advisory Committee, has described the CLARITY Act as being both pro-regulation and pro-law enforcement. Speaking at an industry event, Witt warned that if the U.S. does not set its own standards for digital asset regulation, it will be forced to adopt rules made by other countries, The Block reported. He added that recent concerns have been addressed through new provisions and asserted that the bill is not intended to hinder law enforcement. His comments follow recent criticism from some law enforcement agencies and Democratic lawmakers, who have argued the bill could weaken anti-money laundering (AML) regulations and make it more difficult to prosecute financial crimes.

Blockchain analytics firm Chainalysis reports that the black market for peptides, fueled by cryptocurrency payments, now exceeds $100 million in annual volume. According to the firm, the value of crypto flowing into this market surged by 159%, rising from $12 million in the fourth quarter of last year to $32 million in the first quarter of this year. This growth is driven by sellers using Bitcoin and stablecoins to circumvent restrictions from traditional banks and payment companies amid the rising "Looksmaxxing" trend, a social media phenomenon focused on improving one's appearance. Chainalysis notes that stablecoins, with their lower price volatility, are becoming an increasingly popular payment method.

Nate Geraci, CEO of asset management firm Novadius Wealth Management, has commented that he has never seen traditional finance investors so actively wish for the failure of MicroStrategy (MSTR). In a post on X, Geraci suggested this could be the result of a combination of factors, including skepticism toward BTC, the company's financial strategy, the high profile of Michael Saylor, and regulatory compliance controversies. Bloomberg ETF analyst Eric Balchunas responded, arguing that the core reason is discontent with BTC, which he described as an asset that deeply antagonizes some within the traditional finance sector.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.4% - Nasdaq: -0.03% - Dow Jones: +1.7%

The average monthly trading volume on decentralized perpetual futures exchanges (Perp DEXs) has continued to rise this year, reaching $611.57 billion, according to data from CoinGecko. This marks an increase from the $531.65 billion average recorded last year.

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

Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency (OCC), stated that the only political pressure his agency is facing over the bank charter review for World Liberty Financial, a crypto firm linked to President Donald Trump's family, is from the Democratic Party. According to CoinDesk, Gould made the statement during a hearing before the House Financial Services Committee. In response to suggestions from Democratic lawmakers that he was under President Trump's influence, Gould asserted that the OCC is conducting its review independently and in accordance with the law.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,075.21 on the Binance USDT market.

Reza Bundy, CEO of Atlas Capital, an investment advisory firm co-founded by Nouriel Roubini, known as Dr. Doom, has warned that BTC could fall by as much as 70% within the next six months. He stated that even if the stock market were to correct by half the amount seen in the 2008 financial crisis, Bitcoin could experience a drop twice as large, setting a lower price target in the $26,000 to $30,000 range. Despite the short-term warning, Bundy maintained a bullish long-term outlook, predicting that BTC could eventually rise to between $150,000 and $500,000, depending on global economic conditions.

Whale Alert reported that 3,399 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $216 million.

Citi has identified fund flows into spot Bitcoin ETFs as a key driver of the cryptocurrency's price, CNBC reports. In a note, Citi analyst Alex Saunders explained that ETF inflows are a major factor accounting for about 45% of Bitcoin's weekly return volatility and serve as the most effective indicator of investor demand. He pointed out that recent pressure on Bitcoin's price has coincided with 13 consecutive trading days of net outflows from these funds. Saunders added that waning expectations for the passage of the CLARITY Act are also dampening investor sentiment. He concluded that without positive regulatory news or a recovery in demand for inflation hedging, market sentiment is likely to remain sluggish for the foreseeable future.

Liquid staking protocol Lido (LDO) has unveiled Staking Router V3, a system designed to enhance the efficiency of Ethereum staking. This upgrade introduces a balance-based accounting method and increases the maximum validator limit to 2,048 ETH.

Binance announced that it has assisted in recovering over $8.2 billion in digital assets for users who made deposit errors since 2021. The exchange explained that it has supported asset recovery for issues such as incorrect deposit addresses, network selection errors, and transfers to incompatible chains. Users can request recovery by submitting a transaction ID (TxID), and Binance also offers a self-service recovery tool for some cases. However, the company did not disclose its recovery success rate or fee structure, adding that a successful recovery is not guaranteed in all instances.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,990.7 on the Binance USDT market.

Ross Gerber, founder and CEO of U.S. asset management firm Gerber Kawasaki Wealth, has strongly criticized Michael Saylor over MicroStrategy's recent sale of 32 BTC. Gerber accused Saylor of rug-pulling the market after previously stating he would never sell Bitcoin, arguing that the sale triggered a market downturn and the liquidation of speculative positions. MicroStrategy disclosed it had sold the 32 BTC, worth approximately $2.5 million, to cover preferred stock dividend payments, marking its first sale of the asset since late 2022. In contrast to Gerber's view, some market participants see the move as a positive sign, suggesting it demonstrates the company's ability to meet its financial obligations with an amount that is a minuscule fraction of its total holdings.

The UK's Reform UK party raised £9.3 million in political funds during the first quarter of 2026, leading all British parties in fundraising for the third consecutive quarter. Of this amount, approximately £7 million (about 75%) was contributed by crypto industry figures Christopher Harborne and BitMEX co-founder Ben Delo. Last year, Reform UK became the first major political party in the country to introduce support for digital asset donations, including Bitcoin (BTC), and it is reportedly the only major party that continues to accept cryptocurrency contributions. Meanwhile, the UK government is said to be pursuing the introduction of regulations that would ban crypto donations for political funds and set a cap on overseas donations.

Bernstein has assigned "Outperform" ratings to Bitcoin miners TeraWulf (WULF) and Cipher Digital (CIFR), predicting they will benefit from the growth of the AI industry. The firm noted that over the past two years, Bitcoin miners have signed 17 contracts worth $110 billion with companies including Google, Amazon, Microsoft, Nvidia, and CoreWeave to supply a total of 6 GW of power to AI firms. According to Bernstein, miners are emerging as key infrastructure providers for the AI industry by leveraging their large-scale power infrastructure and data center operation experience. The firm also forecasts that AI-related revenue for the companies it covers will increase approximately ninefold, from $1.2 billion in 2026 to $10.7 billion in 2030.

U.S. Representative Bryan Steil, the Republican chairman of the House Committee on House Administration, announced he is pushing to add a provision to a stock trading ban bill that would restrict members of Congress from trading on prediction markets. Steil stated that it is inappropriate for members of Congress to trade on the outcomes of elections or public policy, explaining that he plans to include a clause banning such bets on prediction markets like Kalshi and Polymarket. The move follows the U.S. Senate's adoption of a similar rule in April. Steil clarified, however, that the restriction would be limited to markets related to elections and public policy and would not need to extend to general sports betting, such as predicting the Super Bowl winner.

Dave Portnoy, founder of the online sports betting site Barstool Sports, said via X that he will not sell his Bitcoin (BTC) and XRP despite facing millions of dollars in unrealized losses. He explained that he holds a substantial amount of both cryptocurrencies and that the recent market downturn has led to these losses. Portnoy added that he has also exhausted most of his cash reserves buying more during the price decline. He is known to have purchased XRP earlier this year at around $1.70 and has also incurred significant losses on his BTC holdings. Citing former Twitter CEO Jack Dorsey's prediction that Bitcoin will one day reach $1 million, Portnoy stated his intention to continue holding for the long term.