Is Cardano dead after Hoskinson's shocking confession?
Cardano's (ADA) price has dipped around 35% in less than a month, and founder Charles Hoskinson now admits he's powerless to stop the ecosystem's decline. This statement, made after the announcement of yet another major project's shutdown, has reopened a direct question. Is Cardano out of the game for good, or is this just a sharp bear cycle forming? An ecosystem shrinking behind Hoskinson's warning. The pessimistic outlook starts with Hoskinson himself. While commenting on the end of the analysis platform Tap Tools, he warned about a wave of failures and expressed fatigue from 'managing a downturn.'
Bitcoin has 125 days until the real bottom, charts warn
Bitcoin (BTC) is hovering around $60k after a daily dip of 5%, sitting about 50% below its all-time high. Three widely circulated candlestick charts argue that the four-year cycle is still intact and that the bottom of this cycle has yet to come. The scenario echoes a recent analysis from BeInCrypto, which suggests the cycle low will hit in Q4 2026. The new charts present an approximate date and price estimate for this thesis. The Bitcoin halving clock is ticking down to day 900
HTX escalates dispute with WLFI after address freeze
HTX has suspended trading of WLFI and USD1 after the World Liberty Financial team froze user tokens in addresses linked to HTX, sparking further discussions about issuer control in the crypto space. The exchange stated that the measure aims to protect users due to the unilateral freeze. HTX halts trading of WLFI and USD1 following asset freeze. The WLFI project team has blocked the on-chain circulation of certain WLFI tokens tied to addresses related to HTX, citing an ongoing compliance review with UK sanctions.
XRP has fallen below $1.10 for the first time since 2024, and analysts are warning of a potential additional drop of 23%, even with former Ripple CTO David Schwartz presenting an ambitious roadmap for the XRP Ledger. We break down the price action, the negative technical scenario, and discuss whether Schwartz's new vision can actually pump the asset's value. XRP dips below $1.10: 23% drop still possible Ripple's token has retraced nearly 4% in the last 24 hours and 18% over the past week, trading between $1.05 and $1.09 at the start of June 6, according to CoinGecko data.
Arthur Hayes still holds Worldcoin after the market dip: is he going to sell?
Arthur Hayes dumped his 'holy trinity' made up of HYPE, NEAR, and ZEC while the market was tanking, but he's still holding onto Worldcoin (WLD) and publicly backing the asset's rise. On-chain data from groups clarifies why he's still holding and what would signal his exit. The three assets he sold were already aligned with the moves of the big players. Worldcoin is the only case where the positioning is going in the opposite direction, a key point to keep an eye on.
Sui co-founder announces confidential transfers with protocol-level supply controls
Adeniyi Abiodun, co-founder of Sui (SUI), announced that confidential transfers are coming to the network, using range proofs to hide transaction values, while the responsibility for maintaining supply will rest entirely on the protocol. The announcement was made in a thread on June 5, when Sui showcased a broader move to expand its privacy infrastructure and payment solutions for agents, amid ongoing market weakness.
Solana-linked company deposits $32 million in SOL on Coinbase
Forward Industries just deposited 455.784 Solana (SOL), worth around $31.87 million, into Coinbase Prime, breaking a month-long inactivity in their treasury and sparking speculation that the largest corporate holder of SOL might finally be ready to offload a position that’s deep in the red. The transfer happened while Solana's price left Forward about $1.13 billion underwater from their purchase price. Deposits on exchanges typically precede a sell-off, although the company hasn’t confirmed any plans to liquidate the assets.
Bitcoin dips below $60K on Binance and Coinbase for the first time since 2024
Bitcoin briefly dipped below the critical threshold of $60K on Binance today (5), marking the first time since October 2024 that the leading crypto has broken this level. The move comes amid a widespread sell-off of risk assets in the financial markets, as investors react to strong U.S. labor market data, persistent fund outflows, and rising concerns about liquidity. Bitcoin loses key support as market pressure ramps up
Bitcoin dips below $60k on Binance for the first time since 2024
Bitcoin dropped below the critical level of $60k on Binance on June 5, marking the first time the crypto pioneer has broken this level since October 2024. The movement occurs amid a wave of widespread selling in financial markets, as investors react to strong employment data from the U.S., persistent fund outflows, and increasing concerns over liquidity conditions. Bitcoin loses key support as market pressure mounts
Crypto exchanges could channel $2 trillion into stocks by 2031, says Binance Research
Binance Research predicts that crypto exchanges could funnel $2 trillion in incremental capital and nearly 300 million new investors into global stock markets by 2031, positioning trading platforms as the next gateway to stock buying. The projection lays out this scenario as a foundation for how crypto platforms can expand beyond digital assets and venture into the stock segment. Why are crypto exchanges eyeing the stock market? Binance Research detailed the projection in a new report. In an optimistic scenario, $5 trillion in annual inflows to stocks from crypto users is expected over the next five years.
AI has already eliminated more jobs in the US in 2026 than in all of 2025
Artificial intelligence (AI) triggered 38,579 job cuts in the United States in May, the highest monthly total recorded since tracking began in 2023, marking the third consecutive month AI has topped all reasons for layoffs. AI was behind 40% of the layoffs announced in May, as companies ramp up automation of roles and restructure operations around this tech. AI is already the leading cause of layoffs in the US The data comes from Challenger, Gray & Christmas. The latest report shows that the share of AI in monthly cuts rose from 7% in January to 26% in April, reaching 40% in May.
2 historical Bitcoin signals appear for the first time in this cycle: has the bottom already arrived?
Bitcoin (BTC) has pulled back to its 200-week moving average, near $62k, hitting this long-term support for the first time in this cycle. At the same time, the famous Rainbow Chart has entered its fire-sale zone. Both signals have historically indicated strong accumulation zones. However, neither has acted as a clear floor during the last bear market, keeping the confirmation of a bottom at bay. Bitcoin's 200-week moving average is becoming a crucial test.
A funding spike led to XRP's price drop, but dip buying surged by 610%
The price of XRP has dropped to around $1.12, a nearly 4% devaluation on the day, after derivatives funding hit its highest level in over a year, followed by a sharp drop of 18% since the end of May. The scenario combines a record signal of volume positioned in long with a descending price channel, while a steady increase in spot buys makes a completely negative read tough. Each layer influences the next. Price channel weakens with increased sell volume.
BloFin Research: sharp decline of Bitcoin is within expectations, not out of control
The heavy drop of Bitcoin follows the depth, slope, and timing of the four-year cycle; the ETF sell-offs, the Strategy, and the liquidity drain caused by mega-IPOs are the triggers of this cycle, but the drop is still on schedule. The drop of approximately 50% of Bitcoin from the peak in October 2025 is still in line with the behavior of previous cycles in terms of depth, slope, and timing. The previous lows occurred about 12 months after the peak, and the current scenario suggests a bearish window in Q4 2026.
Zcash falls 30% after Opus 4.8 audit reveals critical flaw
The privacy-focused cryptocurrency Zcash (ZEC) has stood out among the digital assets with the worst performance in the market today (5). The altcoin has dropped over 30% in the last 24 hours, plummeting from $550 to an intraday low of $385.8 during the start of the Asian trading session. Why is the price of Zcash dropping? The recent drop has taken ZEC to its lowest level since early May. While the overall crypto market decline has dragged various assets into the red, Zcash's losses have intensified due to a significant event that ramped up the selling pressure.
SpaceX's biggest client is also its main rival in the IPO, paying $15 billion a year
In the same week that SpaceX brought its IPO to Wall Street, its main AI client showed up at the same door. SpaceX kicked off its IPO this week, aiming to raise $75 billion, which will be the biggest public offering in history, set to debut on June 12 on Nasdaq under the ticker SPCX. On the same day, Anthropic, which shells out $1.25 billion monthly to SpaceX for AI capacity, filed its own confidential IPO prospectus with the SEC.
“I’m not here to pump ADA”: Charles Hoskinson steps back as Cardano faces ...
Charles Hoskinson, the founder of Cardano, stated that boosting the price of ADA has never been his responsibility and he is stepping back from videos, interviews, and X to reflect. He reported facing significant personal attacks on the platform and explained that he sees this moment as a choice between purpose-driven research and mere speculation. A founder steps back from the spotlight In a video directed at the Cardano community, Hoskinson confirmed that he will pause his public engagement. He intends to keep developing while reducing his presence on social media.
Anthropic admits that AI is learning to develop better AI faster than expected
Anthropic claims that its own AI is now accelerating AI development, hinting at a potential recursive improvement. Internal data reveals that Claude was responsible for over 80% of the code integrated into the company's production systems by May 2026. The disclosure is from the Anthropic Institute, which combined unprecedented internal data with public benchmarks. The results point to a future where AI systems may design and build their own successors.
The entire crypto market is down: why are these 3 altcoins going up?
Worldcoin, LAB, and SIREN jumped double digits this Thursday even as most major cryptos are in the red, making these three small caps rare green spots in a predominantly bearish market. Bitcoin, Ethereum, Solana, and XRP have all taken a hit in the last 24 hours. In this landscape, some altcoins have stood out with significant gains. The trio caught the eye by posting returns of around 14%, 11%, and 27%, attracting momentum traders. Worldcoin (WLD) is breaking above the 200-day moving average
Arthur Hayes liquidates all his position in HYPE and NEAR days after a $100K bet on HYPE
Arthur Hayes, co-founder of BitMEX, revealed that he has liquidated all his holdings in Hyperliquid (HYPE) and NEAR Protocol (NEAR). This decision comes after a series of high-conviction moves, including a $100K charity bet that the token will outperform all others in the top 10 by the end of the year. Arthur Hayes (@CryptoHayes) has dumped 247,334 $HYPE ($18.02M) and an undisclosed amount of $NEAR. Interestingly, the sale follows shortly after Arthur publicly challenged @KyleSamani to a $100K charity bet, claiming that $HYPE will outshine every other top-10 cryptocurrency by… https://t.co/AoaN5klG0W pic.twitter.com/JDqsZ9CK2u