Coinbase Executive Says Institutions Are Buying Bitcoin Dip as Traditional Finance Crypto Push Grows
Coinbase head of institutional strategy John D'Agostino said large investors are buying Bitcoin near $60,000 after a 50% decline from its all-time high. Kraken co-CEO David Ripley said nearly all traditional financial services companies will offer crypto, Bitcoin, and Ethereum to customers in 2026. Ripley said Kraken plans to offer tokenized IPO shares to retail investors.
Anthropic Releases Claude Fable 5 as Crypto Users Weigh Security Risks
Anthropic is releasing Claude Fable 5 to the public with guardrails and stronger long-horizon task capabilities. Crypto figures warned that the model could increase online security risks, while Curve Finance founder Michael Egorov said OpSec vulnerabilities may be more exposed than DeFi code.
US spot Bitcoin ETFs recorded $91.4 million in net outflows on June 8, bringing total losses since May 15 to nearly $5 billion. SoSoValue data shows the funds had only one inflow day during that stretch. Spot Ethereum ETFs recorded $82.4 million in net inflows on June 8.
SBI Shinsei Bank is reportedly preparing a deposit reward service with crypto exchange vouchers worth 20% of a customer's yen interest payment. Customers can redeem the vouchers for Bitcoin, Ether, or XRP during a specified redemption period. SBI Shinsei will reportedly run a three-month campaign starting June 11 before a permanent rollout.
More than 200 crypto companies and industry organizations asked Senate leaders for a CLARITY Act floor vote. The bill would define how the SEC and CFTC divide authority over crypto markets. Galaxy Digital cut its 2026 passage estimate to 60% from 75%.
Bitcoin Slides to $61K as CZ Urges Calm and Whales Keep Selling
Bitcoin traded near $61,100 on June 9 after sliding about 10% on the week. CZ urged investors to stay calm while analysts said a market bottom remains unconfirmed. Wintermute linked the decline to US institutional selling and ETF outflows, while Santiment said large wallets kept cutting exposure.
Trump Family Crypto Income Hits $2.3B as Investors Lose $2.25B
Trump family-linked crypto ventures generated roughly $2.3 billion in pretax income between the post-election momentum of November 2024 and April 2026, while investors absorbed about $2.25 billion in estimated net losses. World Liberty Financial accounted for the largest reported share through a revenue-sharing structure tied to token sales. The TRUMP meme coin and public-company channels also produced gains for Trump-linked entities while outside investors lost money.
The House Ways and Means Committee is set to hold a hearing at 2 p.m. ET on several crypto tax bills. The bills address smaller transactions, staking, mining, wash sale rules, and charitable donations. Democratic Rep. Steven Horsford filed amendments on validation rewards and charitable donations. Industry and banking groups raised concerns before the hearing.
Bitwise said Bitcoin's recent weakness reflects macro risk rather than crypto-market stress. Bitwise cited a Nasdaq drop, a KOSPI trading halt, and about $72 billion in stablecoins on major exchanges as potential buying power.
Bitcoin Season follows Swan Bitcoin’s effort to establish Bitcoin-only partnerships in professional basketball. The film centers on Swan’s Cleveland Cavaliers deal, described as the first Bitcoin-only partnership with an NBA franchise.
SemiAnalysis said mass production timelines for NVIDIA's native 800V DC architecture and CPO technology are behind market expectations. The 800V DC power architecture shipment timeline has been pushed back to 2028.
Janus Henderson Takes ENA Stake in Four-Part Ethena Deal
Janus Henderson Investors, a $480 billion asset manager, announced a four-part partnership with Ethena. The deal covers an ENA investment, a Janus Henderson CLO strategy for USDe reserves, a treasury commitment to sUSDe, and regulated product development. CoinGecko showed ENA down roughly 7% at about $0.082 after the announcement.
Starknet Launches STRK20 Privacy Layer for Shielded ERC-20 Transfers
Starknet launched STRK20, a note-based privacy layer for ERC-20 tokens, on Tuesday. The first phase lets users shield balances and conduct private transfers and swaps on the Ethereum layer-2 network. Starknet said public observers can see encrypted notes and protocol metadata, but not senders, receivers, amounts, or balances used. Broader DeFi integration and cross-chain access are planned but not yet available.
Trump Family Crypto Ventures Generate Estimated $2.3B as Buyers Lose Heavily
Trump family-linked crypto ventures generated estimated profits of $2.3 billion as affiliated projects expanded across digital assets. World Liberty Financial raised approximately $1.4 billion through the sale of 30 billion governance tokens. Outside buyers recorded estimated losses approaching $674 million in World Liberty Financial, while TRUMP meme coin buyers lost more than $700 million.