Key takeaways:Over-leveraged Bitcoin short positions between $63,000 and $66,000 have created a potential $2.6 billion squeeze trap for bears.Negative perpetual funding rates indicate that bulls have fully deleveraged, significantly reducing downside risk.The Bitcoin (BTC) crash to $61,100 on Friday wiped…

Crypto exchange Kraken is giving customers access to the upcoming SpaceX initial public offering through xStocks, a tokenized equities platform, highlighting the growing convergence between crypto infrastructure and traditional capital markets.Kraken announced Friday that SpaceX will be the first public…

Solana-based memecoin launchpad Pump.fun introduced a new open bounty platform where users have posted crypto rewards for bizarre promotional tasks, such as tattooing the ticker symbols of memecoins, quitting their current job live on camera or skydiving into a World…

Strategy’s sale of 32 Bitcoin shouldn’t have mattered. The company still holds hundreds of thousands of BTC, and the transaction barely moved the needle on its balance sheet. Yet the market reaction was swift, exposing how much of the Bitcoin…

Bitcoin (BTC) extended losses after Friday’s Wall Street open as traders prepared for a retest of $60,000.Key points:Bitcoin begins a battle to protect $60,000 support as sell-side pressure refuses to cool.Analysis sees early signals that “seller exhaustion” is here.US nonfarm…

Visa is testing whether privacy-enabled blockchain networks can support institutional stablecoin settlement without exposing sensitive transaction data, in a proof of concept with stablecoin infrastructure company Brale and the Canton Network, a permissioned ledger backed by major Wall Street firms.The…

Zcash developers and researchers are discussing whether a new shielded pool could help restore supply verification confidence after a recently patched Orchard vulnerability.Shielded Labs, an independent Swiss-based Zcash support organization, said in a security update on Friday that it is…

Republicans in the US House of Representatives are moving to add prediction market restrictions to a stalled congressional stock trading ban, as lawmakers scrutinize whether members of Congress should be allowed to wager on elections or public policy.House Administration Committee…

South Korean police have reportedly launched the country’s first illegal gambling probe into local Polymarket users, widening regulatory scrutiny of the decentralized prediction market.The investigation is led by Gangwon Provincial Police and was requested by the National Police Agency, according…

Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month.Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL…

The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically allow a bad actor to mint an unlimited amount of ZEC.According to a post on X,…

Strategy’s leveraged Bitcoin model is stressed, which could limit the firm’s ability to keep buying BTC and potentially force further sales, according to Grayscale.“The shift in approach from one of the world’s largest BTC holders has weighed on market sentiment,”…

Nigel Farage’s Reform UK received 7 million British pounds ($9.4 million) from two crypto billionaires this year, with total funds raised outstripping all other political parties.The party received a $4 million donation from Christopher Harborne, who has a stake in…

US-based AI firm Anthropic warns AI development is advancing at a pace that could soon see agents building, training and improving themselves without human input — recommending a slowdown in development.In a blog post published Thursday, Marina Favaro, lead at…

A group of Senate Republicans has urged US financial regulators to clarify the capital standards for companies engaged in crypto activities.Senator Cynthia Lummis said on Thursday that she led the group in sending a letter on May 27 to Federal…