Author: John Smith

Bitcoin price has fallen below $70,000 after deepening ETF outflows, Mt. Gox-linked wallet movements and renewed geopolitical stress pushed traders into a risk-off stance. Summary Bitcoin price fell below $70,000 as ETF outflows topped $3.4 billion and Mt. Gox moved $739 million worth of BTC. Over $744 million in liquidations hit the market after BTC lost the $72,500–$73,000 support zone. Analysts see $68,700 as the next key support, with $65,000 in focus if selling pressure continues. According to market data, Bitcoin (BTC) price traded near $69,400 on June 2 after falling more than 2.7% over the past 24 hours. The…

Best Buy has begun offering Tangem’s crypto self-custody products through BestBuy.com and more than 200 stores across the United States, giving the hardware wallet maker its largest U.S. retail presence to date. Summary Best Buy has added Tangem’s crypto self-custody products to more than 200 U.S. stores and its online marketplace. Tangem said the rollout is its largest retail expansion in the United States, adding to existing partnerships with Walmart and Amazon. According to a press release shared with crypto.news, the expansion also includes availability through BestBuy.com and builds on existing distribution agreements with retailers such as Walmart, Amazon, and…

Radiant Capital has announced plans to wind down operations after failing to recover from a $50 million exploit that devastated the lending protocol and left it without sufficient funding to continue. Summary Radiant Capital said it will wind down operations after failing to recover from a $50 million exploit and secure new funding. The protocol will remain online in a maintenance state, allowing users to withdraw funds and manage positions while development work ends. Investigations linked the 2024 attack to North Korea-aligned threat actors, while recovery efforts were hindered after portions of the stolen funds moved through Tornado Cash. According…

Grayscale has moved closer to launching its Hyperliquid exchange-traded fund after adding a 0.29% sponsor fee and HYPG ticker to its amended registration filing. Summary Grayscale updated its Hyperliquid ETF filing to include a 0.29% fee and the HYPG ticker. James Seyffart expects Grayscale’s Hyperliquid ETF to launch sometime this week. The fund would compete with Bitwise’s BHYP and 21Shares’ THYP HYPE ETFs. The Securities and Exchange Commission filing submitted Monday shows that Grayscale updated its S-1 registration statement for the Grayscale Hyperliquid Staking ETF. The amendment adds the fund’s fee structure and proposed ticker, bringing the product nearer to…

Coinbase has intensified its push for U.S. crypto market rules as Senate lawmakers prepare for a decisive vote on the CLARITY Act this month. Summary Coinbase’s Faryar Shirzad said the CLARITY Act could become the biggest U.S. financial regulatory bill since Dodd-Frank. The bill cleared the Senate Banking Committee by a 15-9 vote and now needs 60 votes in the Senate to advance. Senator Cynthia Lummis warned that Congress may not get another serious chance to pass crypto legislation until 2030. Shirzad said on Fox Business’ Mornings with Maria that the Digital Asset Market Clarity Act could become the most…

CME Group has drawn about $50 million in notional volume during the first weekend of its new 24/7 cryptocurrency futures and options trading service. Summary CME Group recorded about $50 million in notional trading volume during the first weekend of its 24/7 crypto derivatives market. More than 7,200 cryptocurrency futures and options contracts traded after round-the-clock access began on May 29. The launch allows traders to manage positions in regulated crypto derivatives on weekends and holidays. According to CME Group’s official update, more than 7,200 crypto futures and options contracts changed hands after round-the-clock trading began on May 29. The…

TON has rallied after Telegram founder Pavel Durov said the network’s native token will revert to its original name, Gram. Summary Pavel Durov said Toncoin will be renamed Gram, restoring the token’s original identity as defined in TON’s first white paper. TON rose 18.75% to $2.19 after traders reacted to the rebrand and Telegram’s stronger role in the ecosystem. Durov said the rebrand will take about three weeks and will not require any token swap. According to Durov, Gram was the original name of the token in TON’s original white paper, while TON will remain the name of the blockchain…

Vitalik Buterin has proposed an options-based design for crypto index products that could reduce DeFi’s dependence on forced liquidations. Summary Vitalik Buterin proposed an options-based DeFi design to reduce reliance on sudden liquidation systems. Buterin said options contracts could help create crypto index assets without the need for collateralized debt positions. The proposed model could use slower oracles to reduce risks associated with manipulated price feeds. Buterin’s research post, published Monday, set out a model where index-tracking crypto assets use options contracts instead of collateralized debt positions, the structure used across many DeFi lending and synthetic asset systems. Buterin Proposes…

On June 1, 2026, Strategy disclosed in an 8-K filing that it sold 32 Bitcoin between May 26 and May 31 at an average price of $77,135, raising about $2.5 million. It was the company’s first Bitcoin sale since December 2022, and for an outfit built on Michael Saylor’s promise never to sell, the symbolism landed harder than the number. Summary Strategy sold 32 Bitcoin for about $2.5 million, marking its first Bitcoin sale since December 2022. Proceeds from the sale are expected to fund preferred stock dividends as the company’s mNAV premium has narrowed. The transaction represented just 0.0038%…

Japan’s ruling party is pushing crypto ETFs and yen stablecoins, and that could turn SoftBank from a crypto-adjacent conglomerate into a central piece of Japan’s on-chain financial infrastructure. Summary Japan’s LDP wants a legal framework for crypto ETFs and broader use of yen stablecoins across Asia. SoftBank already controls important consumer rails through PayPay and its 40% stake in Binance Japan. Masayoshi Son’s AI infrastructure push makes SoftBank look less peripheral to this transition and more embedded in it. Japan’s ruling Liberal Democratic Party has now moved beyond abstract crypto reform and into something more strategic: a formal proposal for…