Author: John Smith

Wall Street has largely abandoned expectations for Federal Reserve rate cuts this year ahead of the first Federal Open Market Committee meeting led by Fed Chair Kevin Warsh on June 16-17. Summary Most Wall Street economists now expect the Fed to keep rates at 3.50%-3.75% through the end of 2026. Rising inflation expectations and Middle East tensions have strengthened the case for a prolonged higher-rate environment. Despite macro uncertainty, some institutional crypto investors are accumulating and preparing for regulatory clarity. According to a Reuters survey conducted between June 4 and June 9, 72 of 102 economists expect the benchmark federal…

Crypto investment firm Paradigm has urged the U.S. Federal Deposit Insurance Corporation to remove provisions from its proposed stablecoin framework that could restrict third-party firms from offering rewards tied to stablecoins. Summary Paradigm urged the FDIC not to extend the GENIUS Act’s stablecoin yield ban to third-party firms such as exchanges and wallet providers. The firm argued Congress previously rejected proposals that would have broadened restrictions on stablecoin rewards. Paradigm also challenged proposed rules on white-label stablecoins, reporting requirements, tokenized reserves, and resolution procedures. According to a comment letter submitted to the FDIC, Paradigm argued that the agency’s interpretation of…

Kalshi has filed with the U.S. Commodity Futures Trading Commission to list perpetual futures tied to Hyperliquid’s HYPE token, adding the asset to a growing roster of crypto derivatives products under review. Summary Kalshi has filed with the CFTC to launch perpetual futures tied to Hyperliquid’s HYPE token. The filing follows Kalshi’s recent rollout of Bitcoin and Ethereum perpetual futures for U.S. traders. HYPE fell 7.4% over the past 24 hours as Hyperliquid futures open interest declined 8.3% to $2.48 billion. According to a recent filing with the Commodity Futures Trading Commission, prediction market operator Kalshi has applied to launch…

For most of the past two years, crypto had a retail problem. The everyday investors who drove the manias of 2017 and 2021 had mostly gone quiet, and the market became dominated by institutions, ETFs, and large funds, a more mature but less frenzied environment. Summary Bitcoin search interest reached 12-month highs, confirming that retail attention has returned during the 2026 volatility. Fear-driven searches do not prove new buying, and on-chain data shows small holders continuing to sell. Whales accumulated while retail capitulated and spot Bitcoin ETFs recorded a prolonged outflow streak. A genuine retail comeback requires small-holder accumulation, new…

Humanity Protocol has disclosed that more than $36 million worth of H tokens have been stolen after attackers compromised multiple administrative keys and seized control of bridge infrastructure across Ethereum and BNB Smart Chain. Summary Humanity Protocol said more than $36 million was stolen after attackers compromised administrative keys linked to its Ethereum and BNB Smart Chain bridge infrastructure. The project said the breach began with a compromised employee laptop, allowing attackers to seize bridge controls and mint 200 million H tokens on BNB Smart Chain. Deposits and withdrawals on affected bridges have been suspended as Humanity Protocol works with…

Dogecoin traded near $0.0865 on June 9 after recovering from a low close to $0.0845, according to crypto.news data.  Summary Dogecoin holds near $0.086 while $0.081 remains the main support protecting its long-term channel structure. Whales accumulated over 200 million DOGE, but falling distribution data still shows weak broader demand. A weekly close below $0.081 could expose $0.067 before reaching the deeper $0.058 channel floor. The OG memecoin gained about 0.6% over 24 hours, but remained down almost 14% across seven days and more than 20% over one month. The recovery has not changed the wider bearish structure. Dogecoin still…

Dogecoin traded near $0.0865 on June 9 after recovering from a low close to $0.0845, according to crypto.news data.  Summary Dogecoin holds near $0.086 while $0.081 remains the main support protecting its long-term channel structure. Whales accumulated over 200 million DOGE, but falling distribution data still shows weak broader demand. A weekly close below $0.081 could expose $0.067 before reaching the deeper $0.058 channel floor. The OG memecoin gained about 0.6% over 24 hours, but remained down almost 14% across seven days and more than 20% over one month. The recovery has not changed the wider bearish structure. Dogecoin still…

Ethereum recovered toward $1,700 after falling close to $1,500 during last week’s sell-off.  Summary Ethereum trades near $1,691, but bearish MACD and Aroon readings keep sellers firmly in control. A weekly close below $1,500 could expose Ethereum to the next major support near $1,000. BitMine bought 126,971 ETH during weakness, lifting its total treasury holdings to 5.54 million tokens. The move eased immediate pressure, but price remains within a broader downtrend and has not confirmed a lasting reversal. Ethereum traded near $1,691 at the time of writing, up about 1.4% over 24 hours (per crypto.news data). The token moved between…

Humanity Protocol’s H token lost more than 80% of its value on June 9 after attackers drained wallets linked to the project.  Summary Humanity Protocol confirmed a foundation member’s private keys were compromised during the ongoing security incident. On-chain trackers estimated losses above $30 million as attackers sold stolen H tokens for Ethereum. H dropped about 83% while users were warned against bridges and liquidity pools until clearance. The team confirmed that a private key belonging to a Humanity Foundation member had been compromised. Humanity Protocol runs a zkEVM-based identity network that uses zero-knowledge proofs and palm biometrics to verify…

The U.S. has added Alibaba, Baidu, and BYD to a Pentagon list of Chinese companies tied to Beijing’s military. The update also names several chip, biotech, robotics, and telecom firms operating in the United States. The Pentagon added Alibaba, Baidu, BYD, CXMT, YMTC, WuXi AppTec, RoboSense, and Unitree to its updated list. The list does not impose direct sanctions, but it affects Defense Department contracting rules. China’s embassy criticized the move, while WuXi AppTec called its inclusion a mistake. The list does not impose direct sanctions, but it affects Defense Department contracting rules. The move comes weeks after President Donald…