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Strategy (MSTR) returned to the bitcoin market this week, purchasing 1,550 BTC for approximately $101 million — its first acquisition since a controversial sale of 32 bitcoin drew scrutiny from investors and analysts. The company disclosed the purchase in an 8-K filing with the Securities and Exchange Commission on Monday morning. Executive Chairman Michael Saylor confirmed the buy on social media, stating that Strategy’s total bitcoin reserve now stands at 845,256 BTC, acquired for just under $64 billion at an average price of $75,680 per coin. The latest tranche was purchased at an average of $65,332 per bitcoin — roughly…

In brief Bitcoin bounced 7.5% from Friday’s $59,353 low to highs of $63,800 on Monday. The weekend recovery liquidated $540 million in short positions on Sunday, the highest level since mid-April. Experts remain cautious about the rebound, saying it does not confirm a trend reversal yet. A portion of last week’s selloff has come undone as Bitcoin bounced over the weekend, triggering a huge chunk of late shorts.Bitcoin recovered to highs of $63,800 Monday, up roughly 7.5% from Saturday’s $59,353 low, according to CoinGecko data. The cryptocurrency is currently trading at around $63,350, up 2.4% on the day.Bitcoin’s bounce liquidated…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure China’s Supreme People’s Procuratorate published a landmark case on June 7 in which prosecutors in Qingdao successfully argued that Bitcoin qualifies as legally protected property under the country’s criminal law — sentencing a thief to nearly 11 years in prison for stealing 107 Bitcoin — in a ruling that creates a striking legal contradiction at the heart of Beijing’s five-year-old blanket crypto ban. The case, published on the Supreme People’s Procuratorate’s official website under the headline “107 Bitcoins Disappeared,” centers on a defendant identified only by the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Grayscale Chief Legal Officer Craig Salm has suggested that Zcash’s own shielded user base may be offering a more meaningful signal on exploit risk than external prediction markets. His comments came after Polymarket opened a market on whether Zcash’s Orchard pool vulnerability, publicized on June 4, is ultimately confirmed to have been exploited on mainnet. The Polymarket contract, opened on June 5, currently shows a 10% chance of confirmation, with $14,306 in volume. The market asks whether the Orchard pool vulnerability was exploited before it was fixed,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Vietnam is planning to require that all domestic crypto trading — including transactions in Bitcoin, Ethereum, and stablecoins like USDT and USDC — be settled in Vietnamese dong, a rule that would effectively bar dollar-paired trades on licensed platforms. All Eyes On Licensing The requirement came out of a conference held in Hanoi on Friday, where officials from the State Securities Commission, the State Bank of Vietnam, and the Ministry of Public Security gathered alongside banks, securities firms, and blockchain industry groups to discuss the country’s path…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A wallet linked to one of Ethereum’s co-founders has moved more than $121 million worth of ETH for the first time in over three years, and it could not have come at a worse time for market sentiment. The transfer comes at a sensitive moment for ETH, which reacted by falling to a yearly low of $1,537 in the past 24 hours before recovering slightly back above $1,640 at the time of writing. Joseph Lubin-Linked Wallet Moves 80,001 ETH After Three Years Blockchain analytics platform Lookonchain flagged…

Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios.Data from CryptoSlate shows that the second-largest cryptocurrency fell to as low as $1,506 during the last 24 hours, its weakest level since April 2025, extending a broad crypto selloff that has already drained leverage from derivatives markets and pushed traders toward defensive positioning.Crucially, the downswing is not confined to ETH’s spot market as the digital asset is also experiencing a broader deterioration across regulated ETF flows, centralized exchange deposits, and derivatives positioning.This situation comes at…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Arthur Hayes has disclosed the unwinding of his Worldcoin position just days after revealing a major rebalancing of Maelstrom’s portfolio. On Friday, June 5th, the BitMEX co-founder proclaimed that “the Holy Trinity is dead,” dumping his Zcash, Hyperliquid, and NEAR holdings while touting WLD’s prospects of outperforming. Hayes revealed the recently found Orchard Pool vulnerability as the rationale behind taking profit on Zcash. Meanwhile, the Maelstrom CIO had earlier sold off his entire HYPE and NEAR holdings, citing higher energy prices (due to the war in Iran),…

In brief Security researcher Taylor Hornby used Claude Opus 4.8 to discover a four-year-old flaw in Zcash’s Orchard privacy pool that could have enabled unlimited counterfeit ZEC creation. Cybersecurity researchers say frontier AI models are increasingly capable of finding cryptographic and logic flaws that previously required deep specialist expertise. Experts warn that capabilities approaching today’s most advanced vulnerability-discovery systems could become widely available within months. A security researcher using Anthropic’s Claude Opus 4.8 uncovered a critical flaw in Zcash’s Orchard privacy pool in a matter of days, exposing a vulnerability that had survived four years of review by leading zero-knowledge…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Justin Sun has reportedly been offered a behind-the-scenes settlement by a World Liberty Financial investor, though no resolution has been announced. That unresolved tension now has a new flashpoint: Sun’s crypto exchange HTX has moved to fully delist USD1, the stablecoin tied to US President Donald Trump’s World Liberty Financial project. A Freeze That Started It All HTX announced on June 6 that USD1 would be removed from its platform on June 7. Users holding USD1 on the exchange will have their balances converted to USDT at a…

In brief Arthur Hayes warned that Hyperliquid’s use of trading fees to burn tokens exposes the protocol to market share losses. Less than two months after predicting HYPE would hit $150, BitMEX co-founder Arthur Hayes liquidated his entire position. Despite Hyperliquid securing $3 billion in real-world asset open interest, Hayes anticipates fierce competition from Wall Street. Hyperliquid has surfaced as crypto’s derivatives darling since it debuted in 2023, but the honeymoon may not last forever, according to BitMEX co-founder Arthur Hayes.Although the decentralized upstart’s surging popularity has helped spur its native token to recent all-time highs, the outspoken Hayes told…

In brief Opus 4.8 posted a clear win in math and produced the cleanest one-prompt game we’ve ever tested. A single coding prompt drained our entire Pro token quota, making the model impractical for large projects without a Max plan or heavy API spend. Creative writing barely moved versus 4.7. Six weeks after Opus 4.7, Anthropic shipped Claude Opus 4.8. The benchmarks are up, the safety scores are up, and the price hasn’t budged from $5 per million input tokens and $25 per million output.So we ran it through the same battery of tests we throw at every frontier model—creative…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The security researcher, who discovered the Orchard Pool vulnerability in Zcash, says he has added other privacy-focused coins, including Monero, to his audit queue. Researcher To Audit Monero After Finding Zcash Flaw Security engineer Taylor Hornby, who used the Claude AI Opus 4.8 model, has revealed that he intends to audit Monero, among other crypto projects, in the near future. “Absolutely! I’ll add Monero to my queue of things to audit,” Hornby responded when asked on X whether he could look for bugs in XMR and other…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Solana price unsurprisingly crumbled under the weight of the bears, as the general cryptocurrency market saw a wave of downward pressure over the past week. The altcoin crashed towards the $60 mark on Friday, June 5th, its lowest price level since late 2023. Given the strength of this recent bearish move, market expectations are tilting towards a continuation of the downturn over the next few weeks. With this in mind, below are some of the critical Solana price levels to watch in the near term. On-Chain…