Bitcoin‘s slide below $60,000 last Friday marked the token’s worst weekly performance since the catastrophic collapse of Sam Bankman-Fried’s FTX exchange in November 2022. While the triggers this time around appear far less dramatic than a full-scale exchange implosion, analysts warn the lack of a single spectacular blow-up may actually make the current downturn more dangerous — not less.Bitcoin’s weekly decline amounted to roughly 19.5% from the weekly open to the low and 20.1% from the high to the low — its worst weekly percentage drop since the FTX crash, when the price fell by approximately 22% in a single…
Author: cryphedge
House Ways and Means Committee opens debate on the most sweeping digital asset tax overhaul in over a decadeThe U.S. House of Representatives took its most substantive step yet toward overhauling the taxation of digital assets this week, as the House Ways and Means Committee held a full hearing on a package of seven draft bills that could fundamentally reshape how crypto investors, miners, stakers, and everyday users interact with the tax code.The committee convened the session on June 9, 2026, with Chairman Jason Smith announcing the hearing on June 2. The seven discussion-draft bills collectively address pain points that…
The past 24 hours have been very hard on the crypto market, resulting in notable losses across the top assets. Hence, the total crypto market capitalization has dropped by 2.90%, reaching the $2.11T mark. In addition to this, the 24-hour crypto volume has plunged by 4.43%, touching $84.35B. At the same time, the Crypto Fear & Greed Index stands at just 14 points, showing “Extreme Fear” among the market participants. Bitcoin ($BTC) Drops by 3.19%, and Ethereum ($ETH) Sees 3.69% Drop The top cryptocurrency, Bitcoin ($BTC), is now changing hands at $61,240.48. This price level suggests a 3.19% decrease, while…
Key takeaways ADA remains under pressure after last week’s 30% sell-off The coin could dip lower if the bearish trend in the market persists. Cardano (ADA) continues to struggle on Wednesday, trading near $0.1600 and extending losses following last week’s sharp 30% decline. The cryptocurrency remains under intense selling pressure as investor confidence weakens and retail participation fades. Despite the bearish backdrop, on-chain data suggests that selling activity from long-term holders may be approaching exhaustion, potentially laying the groundwork for a future recovery. Dormant supply spike suggests capitulation among long-term holders Recent on-chain data from Santiment shows a significant surge…
Key takeaways The oversold technical conditions may limit the pace of the decline, but the broader market structure remains bearish. The structure will remain bearish unless BTC can reclaim the $64,000 region and build momentum back above key moving averages. BTC Extends Losses Ahead of Key US Inflation Data Bitcoin (BTC) continued its decline on Wednesday, trading below $61,500 as renewed geopolitical tensions in the Middle East and persistent institutional selling kept risk sentiment subdued. Investors are also preparing for the release of the US Consumer Price Index (CPI) data for May, which could significantly influence expectations for Federal Reserve…
Playnance has secured another milestone in its ongoing expansion strategy with the listing of its native token, $GCOIN, on cryptocurrency exchange BitMart. The move follows the token’s recent launch on WEEX and its existing presence on MEXC, giving traders additional access points as the company seeks to broaden participation in its growing Web3 gaming ecosystem. According to Playnance, BitMart represents the second of five centralized exchange listings planned over the course of June. Unlike many gaming tokens that serve a limited in-platform function, $GCOIN sits at the center of Playnance’s entire infrastructure. The token powers gameplay activity, staking, partner rewards,…
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 10, 2026 Jesse of Apex Crypto is in the news as he argues…
“Billionaire founder Elon Musk-led company SpaceX’s IPO is attracting so much investor demand. The company has reportedly secured more than $250 billion in investor demand for a $75 billion offering, making the deal nearly 4x oversubscribed.While industry experts believe it is creating a liquidity vacuum that is already pulling capital away from crypto and technology stocks.SpaceX’s $250 Billion Demand Is Creating a Liquidity VacuumThe excitement around SpaceX’s IPO isn’t just about Elon Musk or rockets anymore. Investors are lining up for a company IPO, which is valued at roughly $1.8 trillion. Demand already exceeds the amount of stock available by…
Something has shifted under the surface of Cardano’s on-chain data. Following a period of steady capital aging, large dormant wallets have started making moves, according to Santiment’s latest on-chain observation. The Mean Dollar Invested Age — a measure of the average age of capital in ADA wallets — had been climbing before the recent flurry. Now it is pausing, coinciding with multiple sharp spikes in Age Consumed, a metric that tracks the movement of old coins. ADA’s recent price flush appears to have jolted long-term holders into action. Age Consumed recorded several notable spikes over the past four to five…
Bipartisan Senate talks over crypto ethics turned rocky this week after a Democratic source described an “about-face” by GOP members and the White House on a prior enforcement agreement.The disputed provision would have allowed state attorneys general to sue the Justice Department for failing to enforce certain crypto ethics requirements.As Punchbowl News and Eleanor Terrett reported, Senate Republicans floated a weaker ethics guardrail package during a bipartisan meeting on June 9, discussed removing the state enforcement provision entirely, and raised impeachment as a separate option.GOP sources responded that senators not involved in the original ethics discussions later raised concerns about…
