Mjamil_mj

Terra Luna Classic supporters are continuing to maintain the abandoned blockchain following Terra’s $40 billion collapse. According to NS3.AI, CoinGecko data shows LUNC has gained 17.3% over the past year but is still down 99.99% from its $119 all-time high.

Natural Strengths
The Maximalist position is powerful because it provides moral clarity. It identifies Bitcoin’s highest purpose: to deliver economic empowerment through sound money. It resists distraction, dilution, and false equivalence with competing tokens or projects.
Maximalism gives Bitcoin its strongest identity: there is no second best.
Natural Risk
The risk is that Maximalism can become imprecise if it fails to distinguish between Bitcoin as the winning monetary network and the different ways the world might adopt it. A Maximalist may believe Bitcoin has won, but still need to answer how Bitcoin integrates with banks, companies, capital markets, governments, and billions of individuals.
Maximalism defines the destination. Other ideologies debate the route.
2. Bitcoin Capitalist
Core Belief
Bitcoin reaches its full potential by integrating with the global economy: currencies, credit, securities, companies, banks, institutions, governments, families, and individuals. Bitcoin is an open monetary network for everyone.
Worldview
The Bitcoin Capitalist believes Bitcoin is for everyone. It should not remain isolated in a closed system. It should be integrated into every portfolio, balance sheet, product, service, security, currency, credit instrument, and capital structure where it can create value.
To the Capitalist, Bitcoin is digital capital. Like steel, electricity, oil, the internet, or mobile computing, its full value emerges when it is embedded into the global economy.
Bitcoin does not need to replace every institution in order to transform the world. It can strengthen individuals, companies, banks, insurers, asset managers, sovereigns, families, and capital markets by giving them access to a superior form of capital.
The Capitalist is comfortable with institutional adoption. Companies can hold Bitcoin. Banks can custody Bitcoin. Capital markets can finance Bitcoin accumulation. Credit instruments can be built on Bitcoin. Equity can be enhanced by Bitcoin. Currencies and payment systems can be strengthened by Bitcoin.#BitcoinBounceBackAbove$61K #BitcoinEtherSpotETF$4.4BOutflows $BTC

Support Breakdown
XRP fell below $1.10 for the first time since 2024 — down 70% from its $3.65 peak — as macro fear and broad altcoin selling pressure intensified.
Institutional vs Retail Split
Despite $1.41B in cumulative institutional ETF inflows, retail sentiment hit extreme fear levels and weekly XRP ETF inflows dropped to a post-May low of $2.62M.
Roadmap Hope
Ripple's CTO David Schwartz unveiled an ambitious XRP Ledger expansion into tokenized stocks and money market funds.

Sudden Reversal
Arthur Hayes sold his entire WLD position on June 6, less than 24 hours after publicly promoting it, causing WLD to crash over 20%.
Community Backlash
On-chain investigator ZachXBT publicly accused Hayes of repeatedly using his followers as exit liquidity across NEAR, HYPE, ZEC, and now WLD — Hayes dismissed the criticism as normal trading.

Macro Shock
US May Nonfarm Payrolls came in at 172,000 — more than double the 85,000 forecast — signaling a resilient labor market and effectively eliminating near-term Fed rate cut expectations.
Crypto Impact
BTC plunged below $60,000 for the first time since October 2024, ETH fell ~9%, and the Fear & Greed Index crashed to 11 (extreme fear), as markets repriced for potential Fed rate hikes.

Record Outflows
US spot Bitcoin ETFs posted their 4th consecutive week of net outflows totaling $1.7B — the largest weekly outflow in over a year — with $326M leaving on June 5 alone.
Institutional Pressure
BlackRock's IBIT led daily outflows at $213M, while capital rotation toward AI infrastructure assets continues to pressure ETF inflows.

Largest IPO in History
SpaceX set a $135/share IPO price targeting a $1.75T valuation with Nasdaq listing expected June 12. Fidelity lowered minimum participation to $2,000, opening access to retail investors.
Bitcoin Treasury Angle
Analysts flagged SpaceX's AI and satellite ambitions as potential catalysts for corporate Bitcoin treasury accumulation, drawing parallels to Strategy's playbook

Bullish Analyst Outlook
Maelstrom projected Worldcoin (WLD) could reach $5 by August — roughly 900% above recent levels — positioning it as an overlooked crypto proxy for the AI boom tied to OpenAI and Anthropic IPO momentum.
Price Action
WLD briefly hit $0.55 with a 60% weekly gain, defying the broader bearish crypto market and attracting speculative interest.

Institutional Push for RWA
Hong Kong's Monetary Authority established a Tokenised Bond Expert Group including banks, legal advisers, and fintech providers to accelerate tokenized bond adoption and scalability.
Market Positioning
HashKey Group joined the initiative, reinforcing Hong Kong's ambition to lead in digital finance and real-world asset tokenization infrastructure.

Price Collapse
Cardano (ADA) fell below $0.20 for the first time since 2021, extending a ~30% monthly decline amid the broader crypto market rout.
Founder Warns of Ecosystem Failures
Co-founder Charles Hoskinson announced a temporary break and warned of a wave of project closures and DeFi shutdowns in H2 2026, deepening investor concern despite rising social activity.

Listing-Driven Rally
Babylon's BABY token surged 54% after listing on Upbit's KRW market, with trading volume spiking to 19.7M USDT in a single 4-hour candle.
Volatility Warning
Extreme price swings and thin liquidity signal high instability, though broader ETF inflow recovery into BTC and ETH provides a cautiously supportive macro backdrop for altcoin rebounds.

TradFi Enters Tokenization Race
JPMorgan, Citigroup, Bank of America, and Wells Fargo are building a joint tokenized deposit network via the Clearing House, targeting a 2027 launch to rival crypto payment rails.
Stablecoin Competition
The move signals traditional finance is accelerating blockchain adoption, potentially challenging stablecoin dominance in institutional settlement.

Stronger-Than-Expected Jobs Data
The May Non-Farm Payrolls came in at 172K, nearly double the 85K forecast, while unemployment held steady at 4.3%. This signals a resilient labor market.
Crypto Market Impact
Strong jobs data reduces Fed rate-cut expectations, pressuring risk assets including BTC and ETH, which were already under significant selling pressure heading into the release.

Critical Vulnerability Disclosed
An Anthropic Opus 4.8 AI audit uncovered a counterfeiting flaw in Zcash's Orchard pool — active since 2022 — allowing theoretically unlimited undetectable ZEC minting. The bug was patched June 2 but exploitation cannot be ruled out.
Market Panic
ZEC plunged up to 55% intraday with $81.9M in liquidations. Arthur Hayes liquidated his entire ZEC position, citing the narrative of privacy requiring perfection, not probability.

Outflow Streak Ends
After 13 consecutive days of outflows totaling $4.4B, U.S. spot Bitcoin ETFs recorded a modest $3.05M net inflow on June 4, led by BlackRock's IBIT with 537 BTC deposited.
ETH Joins Recovery
Spot Ethereum ETFs posted $19.3M in net inflows — their first positive day after 17 straight outflow sessions — signaling a potential sentiment shift.

The U.S. DOJ's "Disruption Week" operation, in partnership with Coinbase, Meta, Apple, and SpaceX, froze $3.8M in stolen crypto and disrupted 1.4M accounts tied to Southeast Asian fraud networks.
Significance
The action marks a new model of public-private crypto enforcement, with 7 suspects arrested and FBI data highlighting billions lost annually to crypto scams.

Vulnerability Exposed
A severe counterfeiting bug in Zcash's Orchard pool — discovered via Anthropic Opus 4.8 AI audit — allowed undetectable ZEC minting from May 2022 to June 1, 2026, fundamentally undermining supply integrity.
Market Fallout
ZEC plunged over 35%, block production halted, and Arthur Hayes dumped all ZEC holdings citing a broken privacy narrative.

1.Bitcoin Short-Term Holders Capitulate
CryptoQuant reports Bitcoin short-term holders show strongest capitulation signal of the year. 53,800 BTC transferred to exchanges at loss in 24 hours, while profit-taking inflows dropped to zero. Investors accumulating near $80,000 are selling into weakness rather than holding. Link
2.$1.72B Crypto Liquidations in 24 Hours
Crypto markets saw $1.72B in liquidations over 24 hours, led by $1.49B in long positions. Bitcoin fell to 4-month low around $61.5K, pushing monthly drawdown near 20%. Analysts note top-buyer capitulation and deeply overs weekly RSI signals appearing around past cycle bottoms.
🐋 Whale Movements
BlackRock deposited 5,212 BTC ($325M) and 20,000 ETH ($35.13M) into Coinbase Prime. Total institutional deposits from BlackRock exceeded $1B in the past week, signaling strong institutional confidence as digital assets solidify their position as primary global reserves.
Arthur Hayes sold 247,334 HYPE tokens worth $18.02M to lock in profits, 4 hours after predicting HYPE would reach $150. He also deposited additional 85,714 HYPE ($5.73M) into Bybit. This follows his announcement of clearing all HYPE and NEAR positions.
BlackRock deposited 5,212 BTC ($325M) and 20,000 ETH ($35.13M) into Coinbase Prime, totaling $360M in institutional inflows
Multiple 804 BTC transfers (~$50M each) moved from Coinbase Institutional to unknown wallets, indicating large-scale redistribution
Arthur Hayes deposited 85,714 HYPE ($5.73M) into Bybit after selling 247,334 HYPE ($18.02M) to lock in profits