Tether International, Twenty One Capital’s controlling shareholder, has announced a key development for governance. Particularly, Tether has officially appointed an autonomous director for Twenty One Capital to strengthen governance. As Tether revealed in its official press release, the development fills the vacancy in the audit committee of Twenty One Capital following the recent changes. Additionally, the move also guarantees regulatory compliance. Tether Boosts Twenty One Capital’s Audit Committee with Independent Director Appointment Tether International’s appointment of an independent director to the board of Twenty One Capital is set to bolster governance and compliance. The appointment again makes the audit committee…
Author: cryphedge
Bitcoin fell below the $60,000 mark on Friday, June 5, 2026, recording its lowest level since the beginning of 2026 as a selloff wave spread across the crypto market. Downward pressure came from a record streak of outflows from US spot Bitcoin ETFs, a repricing of Fed interest rate expectations following a stronger-than-expected jobs report, and a wave of mass liquidations of leveraged positions.Market SnapshotBitcoin at one point dropped to the $59,100 zone, breaking the $60,000 psychological threshold for the first time since late 2024, according to CoinGecko data. Before slightly recovering, BTC had fallen nearly 20% in just one…
Morgan Stanley Wealth Management has launched a new referral arrangement with Galaxy Digital that allows eligible clients to lend cryptocurrency directly in exchange for shares of spot crypto exchange-traded products (ETPs) — bypassing the conventional cash liquidation route and, in doing so, potentially avoiding a taxable disposal event. The deal marks one of the most institutionally significant steps yet in the ongoing convergence of traditional wealth management and digital asset infrastructure.The Mechanics of the DealUnder the arrangement, clients can lend cryptocurrencies such as Bitcoin, Ether, and Solana to Galaxy Digital and, in return, receive shares of spot crypto ETPs, including…
The crypto sector is getting ready for a week full of huge token unlocks, igniting speculations among investors. The market is going to witness a cumulative $938 million worth of token unlocks from June 8 to June 14. As per the data from DefiLlama, Tokenomist, and CryptoRank.io, Rain ($RAIN), Aster ($ASTER), and DeFi.app ($HOME) are the leading among the upcoming token unlocks. The market onlookers are keenly observing the respective events as they often lead to significant volatility. Keeping in view the ongoing crash in the market, new unlocked coins are going to further pressure altcoins prices. $RAIN on Top…
Hyperliquid’s rapid growth has drawn a warning from Britain’s financial regulator, adding a consumer-protection concern to a platform increasingly watched by Wall Street and traditional market operators.The Financial Conduct Authority (FCA) placed Hyperliquid and the Hyper Foundation on its warning list, saying the firm may be providing or promoting financial services in the UK without authorization.In a May 21 notice, the financial regulator stated: “You should avoid dealing with this firm and beware of scams.”The regulator listed the Hyper Foundation website, the Hyperliquid trading app, and the project’s social media channels under its unauthorized firm details.It also warned that users would…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: June 6, 2026 Bitcoin price is bleeding. The leading crypto has dropped to the…
The Ethereum price experienced its sharpest corrections in recent months, falling to around the $1,560 region after losing more than 22%. The decline has pushed ETH back into a major historical demand zone that previously acted as a launching pad for significant rallies. While the brutal sell-off has sparked speculation that the market may finally be bottoming out, the derivatives market tells a more nuanced story.Funding rates have turned negative, Open Interest has witnessed a sharp decline, and momentum indicators continue to weaken. Together, these signals suggest that the market is undergoing a leverage flush rather than confirming the start…
CC price is suddenly moving with urgency after spending weeks trapped inside a tight trading range. Over the last 24 hours, the asset gained 13.55%, climbing from the lower boundary of its long-standing $0.14 support zone toward the critical $0.16 resistance level.What’s notable isn’t just the move itself but it’s the speed. Previously, similar advances took several days to unfold. This time, buyers pushed the price across the range in a single day, suggesting demand has intensified.Institutional Blockchain Narrative Gains AttentionPart of that renewed interest appears tied to growing attention around Canton Network. The project continues positioning itself as an…
Zcash (ZEC) price has reclaimed the $350 mark after one of its steepest crashes in recent weeks, currently trading around $357 as buyers stepped in to defend the sell-off. The privacy coin came under heavy pressure after news of the Orchard vulnerability shook market confidence, triggering aggressive profit-taking and sending ZEC below the crucial $300 support zone. However, the sharp decline attracted strong buying interest at lower levels, leading to a spike in trading volume and a swift rebound above $350. While this recovery has eased immediate selling pressure, the risk has not disappeared yet. The latest move still looks like…
Stellar’s native token XLM is showing signs of life again after what looked like a textbook liquidity grab below a major support zone. The token briefly slipped beneath the $0.20 level, falling as low as $0.185, only to reverse sharply and post a 13% intraday recovery from its 200-day EMA band.For traders who’ve watched XLM spend months grinding lower, the move stands out. Not because it’s massive, but because it arrived immediately after a sweep of a key support area that many market participants were monitoring.XLM Reclaims Key Technical Support ZonePrice action shows XLM dipping below the psychological $0.20 support…
