According to COINOTAG News on June 6th, data from Farside Investors reveals a net inflow of $11.3 million into the US Ethereum spot ETF market. The inflow was primarily driven
Web3 security breaches in May 2025 resulted in staggering losses of approximately $266 million, underscoring critical vulnerabilities within decentralized finance ecosystems. Significant attacks, including the Cetus Protocol exploit within the
Vehicles tracking memecoins and Pudgy Penguins tokens and NFTs among recent filings
Bitcoin’s price has barely moved in the last week, but other signs point to growing activity on the network. On June 5, Bitcoin traded around $104,300, down 0.50% in 24 hours and off 2.5% over the past seven days. Yet data shows more people are joining the network, and more coins are being passed around. Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 10-Year Surge Wallet Creation Jump According to Santiment, on May 29 nearly 557,000 new wallets appeared. That was the highest number since December 2023. It means thousands of people are opening wallets even though price has stayed just under $105,000. People normally open new wallets to send and receive bitcoins but they somehow come across the idea through new sources, increased talks among friends or create simple curiosity. In any case, an increased wallet holding indeed indicates a much wider usage. 📊 Bitcoin’s on-chain activity has seen sharp rises this week as its price hovers just below $105K: 📈 May 29th: 556,830 new $BTC wallets created (Highest since December 2, 2023) 🔄 June 2nd: 241,360 coins circulated (Highest since December 8, 2024) Growth in a network’s… pic.twitter.com/2DxknVXrKT — Santiment (@santimentfeed) June 5, 2025 Increased Token Movement On June 2, over 241,360 BTC changed hands. This was deemed the busiest day since December 2024. Reports from Santiment suggest that high coin turnover usually coincides with increased traffic. Traders might be moving coins in and out of exchanges, or investors could be shifting wallets. Big swings in daily token movement can point to a shift in sentiment—people either getting ready to buy or sell. Right now, it mostly looks like more users are sending coins to each other, which keeps the network busy even when price sits still. Big Holders Step In Data from IntoTheBlock shows that large holders—often called “whales”—are stocking up. Their coin inflows jumped by 145% over the last seven days, and by 214% over the past 30 days. When big players load up, it can tighten supply on exchanges. That makes it tougher for new buyers to get in without driving price higher. If whales keep buying at this rate, it could lead to more upward pressure on price once everyday investors step in again. Related Reading: Bitcoin Scarcity May Spark Explosive Surge, Bank Study Shows Mid Tier Investors Buy It’s not just the really big holders adding coins. Wallets holding between 10 and 10,000 BTC added more than 79,000 BTC in just one week. That means these mid-tier holders picked up around 11,320 BTC per day on average. As of June 2, they held over 13 million BTC in total. When both big whales and these mid-level holders keep stacking, it further cuts down the number of coins floating on exchanges. Fewer coins available often mean any shift in demand could move price more. Featured image from Imagen, chart from TradingView
US market maker Citadel Securities is considering expanding into crypto trading this year, once clear SEC regulations are in place. Citadel President Jim Esposito is confident that the asset class has surpassed the “point of no return.” Speaking at a Piper Sandler conference on Thursday, he said that institutional investors are taking crypto seriously. “Crypto has passed the point of no return, and it is an asset class that institutional investors, serious and sophisticated investors, are taking seriously,” he noted. Crypto Expansion Under Eased SEC Regulatory Plans Per a Reuters report , the firm is looking into crypto expansion as a part of its “strategic plan,” under the new SEC regulatory regime. “We’re excited by the prospects of the SEC coming out with the rule set,” said Esposito. “So crypto is definitely a space we’re going to get bigger in, and we’re excited about the prospects” Citadel touted in February that it is targeting major exchanges like Coinbase and Binance, looking to become a liquidity provider for crypto . Citadel President Warns US Govt. Debt: A ‘Ticking Time Bomb’ Besides the company’s crypto plans, President Esposito stressed that mounting government debt levels are a “ticking time bomb.” The Government’s reaction to this crisis is “super important” at this time, he added. The US deficit has been a growing concern recently among several financial leaders. For instance, JP Morgan CEO Jamie Dimon said this week that the national debt will create a “tough time” for the bond market and will eventually spread. Coinbase CEO Brian Armstrong has warned that Bitcoin could replace USD eventually , if lawmakers fail to address America’s alarming debt. “I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control,” he wrote to his 1.5 million followers on X. @brian_armstrong has warned that Bitcoin could replace the USD as the world’s reserve currency if lawmakers fail to address America’s debt. #Bitcoin #USD https://t.co/2NHd9jLGwv — Cryptonews.com (@cryptonews) June 4, 2025 Early this year, VanEck suggested that accumulating Bitcoin could help offset a portion of the country’s mounting national debt. The US Treasury’s plan to acquire up to 1 million Bitcoin over five years and holding it as a long-term store of value would strengthen the country’s balance sheet , the asset manager noted. The post Citadel to Double Down on Crypto Trading This Year Under SEC’s New Regulatory Regime appeared first on Cryptonews .
Chainalysis has linked a $31 million Bitcoin donation to Silk Road founder Ross Ulbricht with the defunct dark web marketplace Alphabay, revealing complex blockchain traces. The donation, consisting of 300
According to COINOTAG News on June 6th, the latest cryptocurrency Fear and Greed Index has declined sharply to 45 from yesterday’s 57, signaling a shift into the “Fear” territory for
The recent public feud between Donald Trump and Elon Musk has triggered notable volatility in the cryptocurrency market, leading to a sharp decline in Bitcoin prices and widespread liquidations. This
Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to online black market Silk Road founder Ross Ulbricht to a successor marketplace called Alphabay.
The crypto market slid sharply on Friday, June 6, shedding 5% over the past 24 hours as rising political tensions between President Donald Trump and Elon Musk sent investor confidence tumbling. The total crypto market capitalization now stands at $3.29 trillion, down from around $4.1 trillion on June 5. According to data from Alternative, the Crypto Fear & Greed Index dropped 12 points, from 57 to 45, marking a move into “fear” territory. This decline in sentiment follows a public clash between Trump and Musk that has also weighed heavily on traditional markets. Bitcoin ( BTC ) is down 3.1% and trading at $101,843 at press time. Ethereum ( ETH ) leads the top 10 altcoin losses with a 7.5% slide, while Solana ( SOL ), XRP ( XRP ), and BNB ( BNB ) each slid about 5%. Nearly $986 million in cryptocurrency positions were liquidated in the last day, according to Coinglass data , a 358% increase. The crypto market relative strength index dropped to 32.7, indicating oversold conditions, and open interest dropped 2.71% to $140 billion. The market reaction followed a series of political escalations. The fallout started when Musk resigned from the Department of Government Efficiency and publicly criticized the President’s recent spending bill , dubbed the Big Beautiful Bill. In response, Trump revoked Jared Isaacman’s NASA nomination, a close associate of Musk, and threatened to completely cut off government contracts for businesses run by Musk. You might also like: https://crypto.news/big-beautiful-bill-abomination-explained/ The feud intensified on June 5 after Musk accused Trump of being connected to the Jeffrey Epstein files and supported calls for his impeachment. Trump, in turn, declared that Musk had “gone crazy.” As tensions rose, Tesla shares plunged more than 14%, and Musk announced SpaceX would begin decommissioning its Dragon spacecraft. In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW — Elon Musk (@elonmusk) June 5, 2025 Dogecoin ( DOGE ) suffered the sharpest decline among major tokens, plummeting nearly 20% in the past 24 hours. While DOGE lacks intrinsic utility, its price has long been sensitive to Musk’s actions and statements. The token had rallied following Trump’s election win, amid hopes of crypto-friendly policies. However, investors seem to be pulling back as that optimism wanes. Alongside digital assets, cryptocurrency-related stocks also suffered. Mining companies MARA, Riot Platforms, and Core Scientific all saw losses of about 5%, while Coinbase fell 4.6% and Strategy fell 2.4%. Meanwhile, political uncertainty continues to attract the interest of the crypto community. Traders currently assign a 10% probability that Trump will be impeached before the end of 2025 on the decentralized prediction platform Polymarket. So far, almost half a million dollars has been wagered on that outcome. Market volatility may persist in the coming days as macro risks increase and sentiment toward cryptocurrencies declines. Read more: Circle IPO debuts strong as CRCL gains over 120% on day 1