Cardano price drops 39% in a month as active addresses hit 4-month high
Cardano price fell near $0.16 on June 5 as ADA extended its selloff and reached levels last seen around late 2020, while social activity and on-chain usage rose during the market stress. Summary Cardano price fell near $0.16 as ADA…
Zcash Patches Critical Bug Enabling Unlimited Counterfeit ZEC Minting as Price Crashes 41%
Key Takeaways Researcher Taylor Hornby found an Orchard flaw on May 29 that could mint unlimited counterfeit ZEC. ZEC dropped more than 40% over the past 24 hours as holders weighed whether fake coins had entered the shielded pool. Zcash…
Will Markets Continue to Fall When $1.8B Crypto Options Expire Today?
The end of another week has arrived, meaning more crypto options are expiring while spot markets have fallen to their lowest levels in months. Around 26,000 Bitcoin options contracts will expire on Friday, June 5, with a notional value…
Binance Research sees $2T equity wave from crypto exchanges
Binance Research said crypto exchanges may become a major gateway into global stock markets, as stablecoins and tokenized equities reduce old barriers around cost, access, settlement, and brokerage reach in underbanked regions worldwide. Summary Binance sees crypto exchanges routing 300…
Trade Report Claims Instant Payment System Restricts American Commerce
Key Takeaways Citing Section 301, the USTR claims Brazil’s Pix hurts US market firms, proposing tariff actions against it. After 7 billion April transactions, Lula defends Pix’s market dominance and will next block changes. Ahead of October’s polls, Flavio Bolsonaro…
BTC’s 50% Drop Could Be Setting Up a 2017-Style Altcoin Rally
Comparisons are being drawn to 2017, when altcoins surged after BTC stabilized following a steep decline from its all-time high. Bitcoin (BTC) dropped below $62,000 on June 4, with the move coinciding with the first meaningful pullback in the…
JPMorgan and rivals back tokenized deposit network for 2027 launch
Largest U.S. banks have moved toward a shared tokenized deposit network as stablecoin firms push deeper into payments and corporate finance. Summary Major U.S. banks plan a tokenized deposit network through the Clearing House, with launch targeted for early 2027….
Texas Halts Alleged Crypto Pyramid Scheme After ‘Zero-Risk’ Millionaire Promises
Key Takeaways Recruiters allegedly promised investors they could become millionaires within months through aggressive referral incentives. Regulators cited claims of 60% monthly returns, principal protection, and a 99.6% trading success rate. Investors faced withdrawal hurdles that included a 20% handling…
CME’s Terry Duffy calls U.S. crypto perps a disaster waiting
CME Group Chief Executive Terry Duffy has warned that the recent approval of cryptocurrency perpetual futures in the U.S. has created significant risks for investors and the financial system, calling the products “a disaster waiting to happen.” Summary CME CEO…
Ripple Broadens RLUSD’s Multichain Reach, Opening New Institutional Liquidity
Key Takeaways Ripple expanded RLUSD’s reach through Wormhole’s Native Token Transfers across supported blockchain ecosystems. Institutional users gain stronger access to compliant dollar liquidity for payments, tokenization, and ramps. Further network growth could boost RLUSD’s role in cross-chain stablecoin infrastructure….
