Live Feed

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.

U.S. Senator Cynthia Lummis, along with fellow Republican lawmakers, has urged financial regulators to eliminate the 1250% risk weight applied to digital assets under the Basel Framework, CoinDesk reported. They argue that the current high risk weight excessively restricts banks from participating in the digital asset market and have called for a new capital regulatory framework to allow for more active involvement. Under the Basel Framework, certain crypto assets are subject to a 1250% risk weight, a rule the industry has criticized for unduly limiting banks' ability to hold digital assets and enter related business ventures.

KGEN, a decentralized identity and reputation verification protocol, announced it will permanently burn 22 million KGEN tokens, equivalent to about 10% of the circulating supply. The burn will consist of unclaimed airdropped tokens and unsold node allocations. The project also stated it has no plans to distribute new tokens for the time being, eliminating additional supply pressure. Furthermore, KGEN plans to build a deflationary model by using revenue from future AI contracts to buy back and burn its tokens.

Lorenzo Valente, director of crypto research at Ark Invest, argued on X that many crypto projects are currently being overlooked despite their continued growth and fee generation. He highlighted that projects such as Aave (AAVE), Solana (SOL), Ethereum (ETH), Uniswap (UNI), Avalanche (AVAX), Pendle (PENDLE), Ethena (ENA), and Morpho (MORPHO) are down 70% to 90% from their all-time highs. Valente explained that while their fundamentals remain largely intact, the market narrative has shifted away from them. "The market is currently focused on Hyperliquid (HYPE) and Near (NEAR), but the next opportunity may come from assets that are being overlooked rather than those already in the spotlight," he said. Valente added that investors should pay attention to assets that are being ignored for temporary reasons, not just those that have performed well in the past.

The Gangwon Provincial Police Agency is investigating users of the prediction market platform Polymarket on suspicion of gambling, according to Ahn Chang-bo, an attorney at Law Office Jonjung and a former prosecutor specializing in gambling cases. In a recent blog post, Ahn stated that the agency's Cyber Investigation Division is tracking users' cryptocurrency transaction histories to identify them and is issuing summonses in sequence. He noted that he recently attended a suspect interrogation for a client summoned in connection with the investigation. Ahn added that the police are currently treating Polymarket activity as gambling and that the case is expected to be transferred to the Chuncheon District Prosecutors' Office upon completion. However, he clarified that there has not yet been a ruling from prosecutors or the courts on whether using Polymarket constitutes a gambling offense under South Korean criminal law. The situation calls for caution among Polymarket users in the country.

U.S. Treasury Secretary Scott Bessent said the conflict with Iran is currently paused.

According to a PR Newswire press release, cryptocurrency data and software firm Lukka has acquired data platform PEER DATA. PEER DATA is a platform that offers features for tracking data usage, managing contracts, and overseeing data assets. Lukka stated that the acquisition will help its institutional clients manage their digital assets and various data more systematically.

Decentralized prediction market platform Premu announced the launch of a feature allowing users to create their own markets ahead of the 2026 FIFA World Cup. Users can establish markets on various topics, such as whether a specific team will advance from the group stage, reach the finals, or win an individual match. Creators who deposit USDC to open a market will receive a portion of the resulting trading fees. Participants can trade positions with up to 2.5x leverage, with all transactions settled on-chain in USDC across the Ethereum, Arbitrum, and Base networks. Premu added that its platform also supports prediction markets in other fields, including cryptocurrency, politics, technology, and economics, and offers five-minute markets for predicting the price movements of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Whale Alert reported that 500,000,000 USDS has been transferred from Poloniex to an unknown wallet. The transaction is valued at about $500 million.

The Russian Foreign Ministry announced that it has added Alexander Browder, a 17-year-old British student, to its sanctions list for raising allegations of crypto-based sanctions evasion and money laundering. In a report from March, Browder claimed that Russia, Iran, and North Korea used cryptocurrency to launder approximately $350 billion in illicit funds. He specifically pointed to a ruble-pegged stablecoin, A7A5, as a tool for circumventing Western sanctions. Russia has banned Browder and four other British citizens from entering the country. Browder stated that he was proud to be the first high school student sanctioned by an authoritarian regime for exposing corruption. He is known as the founder of the Global Cryptocurrency Laundering Database, an open-source database that tracks such cases.

According to CryptoQuant analyst Maartunn, the average discount to net asset value (NAV) for Bitcoin funds has dropped to -5.9%, its lowest level in two years. This means the funds are trading at a price 5.9% below the value of their underlying Bitcoin holdings, a trend reportedly observed across major products like BlackRock's IBIT and Grayscale's GBTC. CryptoQuant attributed the widening discount to recent weakness in Bitcoin's price and deteriorating investor sentiment. The analyst added that while a narrowing discount could offer investors additional returns beyond Bitcoin's price appreciation, there is also a risk that the discount could widen further.

The recent Bitcoin rally to $82,000 has failed to hold, according to a weekly on-chain report from Glassnode. Over the past week, Bitcoin has fallen approximately 14% to its lowest level in over two months. The report attributed the dampened investor sentiment to several factors, including the sale of 32 BTC by Strategy, a $4.21 billion net outflow from spot ETFs over the last three weeks, and concerns over rising oil prices and potential interest rate hikes. Glassnode also noted an increase in stop-loss selling from investors who purchased near the recent peak, with even long-term holders beginning to offload their positions. However, Bitwise pointed out that investor sentiment has dropped to its most pessimistic level since the market downturn in February. Historically, such extreme pessimism has often served as a signal for a market bottom, Bitwise added.