Bitcoin Slides to $78K as Longs Lose $500M
A liquidation cascade led to $500 million in losses for crypto longs as $BTC slid to $78,000, with $SOL and $XRP down 5% amid a global bond selloff. #Update #Crypto $BTC
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Crypto Bill Clears Key Hurdle Amid Ethics Debate
The Clarity Act has passed the Senate Banking Committee with bipartisan support, paving the way for a full Senate vote in the coming weeks. #Update #Crypto
Bitcoin Dispute: Bhutan Denies $1 Billion Sale
Over $1 billion in bitcoin has exited wallets linked to Bhutan in the past year, yet the country claims it has not sold any. #Update #Crypto $BTC
CME ICE Urge Regulators to Investigate Hyperliquid
CME Group and ICE have alerted the CFTC and U.S. officials about potential market manipulation and sanctions evasion risks posed by Hyperliquid’s decentralized perpetual futures platform. #Update #Crypto
CFTC Urged to Fill Vacancies by Lawmakers
U.S. House lawmakers urge former President Trump to appoint bipartisan leadership for the Commodity Futures Trading Commission as it increases oversight of U.S. crypto trading. #Update #Legal
SpaceX Launches June 11 IPO Pricing
@SpaceX targets June 11 for IPO pricing on Nasdaq, following a swift SEC review. Trading could commence as early as June 12. #Update #Crypto $DOGE
Chainlink Gains $4 Billion as Lombard Exits
@Lombard exits LayerZero as $292M is drained from Kelp DAO, leading to a $4B asset shift to Chainlink’s bridge amid rising security concerns. #Update #Crypto $LINK
Iran War Triggers Market Volatility Surge
The ongoing conflict in Iran has highlighted new financial infrastructures, revealing unexpected market resilience and adaptability according to Huang. #Update #Crypto
Bitcoin Launches $1.5 Billion Bond Repurchase Strategy
@MicroStrategy plans to repurchase $1.5 billion of its 2029 convertible bonds, aiming to retire half using cash or $BTC sales as part of its liability restructuring strategy. #Update #Crypto $BTC
Dunamu Gains $670 Million from Hana Bank
@HanaBank plans to acquire a $670 million stake in Upbit operator Dunamu, introducing a won-pegged stablecoin, blockchain remittances, and tokenized securities. #Update #Crypto $USDT
Dollar Stablecoins Strengthen as Asia Yields Rise
@HashKey states that U.S. regulatory clarity could boost institutional crypto adoption and strengthen USD stablecoins globally, while stricter yield rules may drive capital to Asian markets for better returns. #Update #Crypto $USDT
Tether Faces $344 Million Legal Challenge
Charles Gerstein seeks a federal court order for @Tether to transfer $344 million in OFAC-frozen USDT linked to Iran’s Revolutionary Guard to victims with unpaid terrorism judgments. #Update #Legal $USDT
Crypto Clarity Act Fails to Gain Bipartisan Support
U.S. senators express disappointment over the lack of bipartisan support for the crypto Clarity Act during a recent hearing, indicating ongoing challenges in advancing regulatory frameworks. #Update #Legal
Clarity Act Advances in Senate Committee Vote
The Clarity Act has cleared the U.S. Senate Banking Committee with bipartisan support, moving forward for final approval in Congress. #Update #Crypto