Daily digests
Crypto News Digest: June 4, 2026
The stories that moved crypto on June 4, 2026.
40 stories
All crypto news
‘The low is almost in’: Standard Chartered says bitcoin bottom near after tough week for crypto
Standard Chartered analysts assert that bitcoin's low is "almost in" following a tumultuous week for crypto, driven by resilient exchange-traded fund holdings and anticipated strategic buybacks. This optimistic outlook suggests a potential rebound, with investors cautiously optimistic about the market's trajectory. Market participants are closely monitoring developments for a potential turnaround.
Tom Lee’s BitMine Plans $300M Preferred Stock Sale for ETH Treasury Push
Tom Lee's BitMine plans a $300M preferred stock sale to bolster its ETH treasury, tying fixed cash dividends to a staking-heavy model. This move aims to alleviate pressure on Strategy's preferred stock. The sale's success will depend on investor appetite, potentially influencing the broader crypto market and staking dynamics, with implications for Ethereum's long-term adoption and decentralized finance growth.
US Bitcoin Reserve Moving Ahead at ‘Deliberate Speed’: Bessent
The US Treasury chief is moving forward with implementing Trump's Bitcoin reserve order at a "deliberate speed," utilizing "best practices" to ensure a smooth process. No specific timeline has been disclosed, but the administration is taking a cautious approach to avoid potential risks associated with cryptocurrency investments. Market implications remain uncertain, with investors waiting for concrete developments.
Bitcoin bounces, HYPE falls, NEAR gets demolished as crypto deals with a wipe out
Bitcoin is experiencing a brief bounce, but several tokens that had been gaining traction are now plummeting, including HYPE, which is being severely affected. Meanwhile, NEAR is getting demolished alongside other struggling assets. The crypto market is witnessing a widespread wipeout, with prices plummeting and investors scrambling to reassess their portfolios amidst the chaos.
‘When the market offers discounts, we lean in’: DDC Enterprise lifts bitcoin holdings to 2,804 BTC
DDC Enterprise continues to increase its bitcoin holdings, adding 90 coins to reach 2,804 BTC, placing it 28th among public corporate holders. This strategic move demonstrates the company's confidence in the cryptocurrency market, leveraging the current market conditions to expand its holdings and potentially maximize returns, further solidifying its position in the industry.
Morning Minute: Crypto Crashes, New Lows In Sight
Bitcoin is plummeting to a new low of $62,000, sparking fears of a deeper market downturn. Meanwhile, Arthur Hayes' decision to sell his HYPE and NEAR positions is causing a double-digit crash in these altcoins, wiping out gains for investors who had bet on their recent success, further exacerbating the crypto market's instability and volatility.
Strategy's Saylor's explanation for bitcoin's slide isn't what bears think
Saylor, a prominent bitcoin proponent, attributes the cryptocurrency's recent slide to a capital rotation into artificial intelligence, suggesting investors are diversifying their portfolios. However, bears point to a more ominous reason, implying a potential collapse in the asset's value. This dichotomy highlights the ongoing debate about bitcoin's fundamental value and its place in the market.
Coinbase and Better fund first bitcoin-backed mortgage, plan nationwide rollout soon
Coinbase and Better are pioneering a financial breakthrough, funding the first Fannie Mae-backed mortgage using bitcoin as collateral. This historic move marks a significant step towards mainstream adoption of cryptocurrencies in traditional finance. The nationwide rollout planned soon will likely pave the way for more widespread acceptance of digital assets in mortgage lending, expanding financial opportunities for millions of Americans.
Coinbase launches pre-IPO markets, starting with Elon Musk’s SpaceX
Coinbase launches pre-IPO markets, starting with Elon Musk's SpaceX, offering non-US users perpetual futures tied to private company valuations. This move marks a significant expansion of Coinbase's offerings, amid rising competition from other exchanges. The launch is expected to attract institutional investors and retail traders, further fueling the growth of the pre-IPO market.
Comptroller says only Democrats pressuring over crypto trust charter
US Comptroller of the Currency Jonathan Gould is deflecting pressure from Democrats over a proposed crypto trust charter, citing lack of Republican opposition, while New York Representative Gregory Meeks questions the influence of Donald Trump on regulators he nominated as president, sparking a heated exchange at a Thursday oversight hearing, highlighting ongoing regulatory tensions in the industry.
Immunefi says DeFi is ‘getting safer’ as exploit losses fall 74% from 2022 peak amid AI-driven security arms race
Immunefi reports DeFi exploit losses have plummeted 74% from the 2022 peak to $680 million in 2025, driven by structural security shifts. This decline signifies a safer DeFi landscape, as AI-driven security solutions and improved protocols enhance the industry's resilience against threats. The reduced losses reflect a growing focus on security, benefiting the entire ecosystem.
Cosmos Labs acquires block explorer Mintscan, forms Korea subsidiary to expand ecosystem
Cosmos Labs is acquiring block explorer Mintscan and establishing a Korea-based subsidiary, Cosmos Labs Korea, to expand its ecosystem. The acquisition and subsidiary formation are expected to enhance user experience and developer engagement within the Cosmos network, potentially increasing adoption and usage of Cosmos-based applications. This move strengthens Cosmos Labs' presence in the Asian market.
Arthur Hayes dumps HYPE, NEAR as he warns of AI IPO wave
Arthur Hayes is selling his HYPE and NEAR holdings, citing market concerns that prices may peak before September. He also warns of a potential liquidity drain due to AI IPOs, which could negatively impact cryptocurrency markets. This move comes as Hayes predicts a market downturn, potentially affecting investor confidence and asset values.
As BTC Tests $62,000, How Low Can Bitcoin Go?
Bitcoin is plummeting 17% in four days, triggering $4.5 billion in liquidations, as analysts sound the alarm for a potential drop below $60,000. This sharp decline is testing investor confidence, with many questioning the cryptocurrency's support levels. The market is closely watching Bitcoin's next move, with implications for the overall crypto landscape and investor sentiment.
CoinDesk 20 performance update: Bitcoin Cash (BCH), up 1.5%, is only gainer
Bitcoin Cash (BCH) is currently the only gainer in the CoinDesk 20, up 1.5%, amidst a decline in the overall index. NEAR Protocol (NEAR) and Internet Computer (ICP) are leading the drop, down 15.2% and 13.1% respectively, weighing on the index's performance. The decline in these prominent cryptocurrencies is impacting the CoinDesk 20's overall value.
Bybit joins Western Union’s new USDPT network as stablecoin expands distribution
Bybit is joining Western Union's new USDPT network, integrating the dollar-pegged token with its exchange, providing access to crypto market liquidity. This move gives Western Union's stablecoin a wider reach, as payment providers accelerate their adoption of stablecoins, a trend that is expected to boost the use of digital currencies in cross-border transactions and global payments.
Russia targets British 17-year-old for alleging digital assets were skirting sanctions
Russia is targeting a 17-year-old British student for a report alleging digital assets were skirting sanctions, with the teenager's father, Bill Browder, calling him the first high school student in the world to be sanctioned by an authoritarian regime, highlighting the regime's aggressive pursuit of online critics and potential chilling effect on free speech in the crypto space.
Bitcoin fell 21% after Strategy’s debt buyback news— Is a Terra Luna-style doom loop next?
Bitcoin's price plummets 21% as Strategy, a prominent debt buyback player, faces tighter liquidity conditions and halts its BTC buying, sparking concerns of a potential Terra Luna-style doom loop. Market sentiment turns bearish as investors reassess their risk exposure, but some see this as a buying opportunity amidst the chaos, weighing the risks of a deeper market downturn.
Republican Lawmaker Plans to Add Prediction Markets to Congressional Stock Ban Bill
Rep. Bryan Steil plans to amend the congressional stock ban bill to include prediction markets, targeting platforms like Polymarket and Kalshi. The proposed change would expand the bill's scope, potentially affecting prediction markets' operations. This move could impact the growing decentralized finance (DeFi) space, where prediction markets are increasingly popular, and may influence the regulatory landscape for these platforms.
AI Is Already Developing AI, Says Anthropic—And Humans May Be Slowing Things Down
Anthropic's AI systems are rapidly developing AI capabilities, writing most of their code and running increasingly complex research tasks, with humans now deciding which problems are worth solving. This autonomous AI development is accelerating at a rapid pace, potentially outpacing human oversight and decision-making, raising questions about the future of AI research and its potential implications on the industry.
Bitcoin bulls' fate rests on $60K support as crypto erases $2T in market cap
Bitcoin's price remains under sellers' control as it struggles to break above $60K, a crucial support level. The cryptocurrency's inability to sustain a rebound is eerily reminiscent of 2022's bear market, with each attempt being met with selling pressure.
Strategy's Michael Saylor Blames 'Capital Rotation' Into AI as Bitcoin Dives 13%
Bitcoin is plummeting 13% this week, its price now down nearly 50% from its peak, as Michael Saylor, CEO of Strategy, attributes the decline to a "capital rotation" into Artificial Intelligence, suggesting investors are redirecting funds from traditional assets like Bitcoin to emerging AI opportunities, potentially disrupting the cryptocurrency market's momentum.
'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000
Atlas Capital CEO Reza Bundy, backed by economist Nouriel Roubini, predicts a 70% crash in bitcoin before reaching $500,000, citing short-term volatility. Bundy remains bullish on bitcoin's long-term prospects, despite this warning. This prediction comes as bitcoin's price fluctuates, with investors closely monitoring its trajectory and potential impact on the cryptocurrency market's overall stability.
OCC chief says Democrats applying sole political pressure in World Liberty charter choice
OCC chief Joseph Otting denies doing President Trump's bidding, stating Democrats are solely applying pressure in the World Liberty charter choice. He rejects claims of politicization during a congressional hearing addressing the GENIUS Act stablecoin push. The hearing highlights ongoing regulatory tensions, with Otting's stance on the charter sparking debate among lawmakers and industry stakeholders.
Coinbase to launch token-backed mortgage down payments this summer
Coinbase is set to launch a token-backed mortgage down payment initiative this summer in collaboration with Better Home & Finance. Qualified borrowers can use Bitcoin and USDC as collateral for home loan down payments. The program aims to increase home ownership opportunities for cryptocurrency holders, potentially expanding the digital asset market's influence on traditional finance.
Google DeepMind CEO Says AGI Is Coming Fast: 'We Don't Have Long to Prepare'
Google DeepMind CEO Demis Hassabis warns that Artificial General Intelligence (AGI) is rapidly approaching, with humanity on the cusp of the "singularity." Hassabis, a Nobel Prize-winning AI researcher, emphasizes that the development of AGI will have profound implications, and we don't have long to prepare for the transformative impact it will have on society and the global economy.
Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward
The Crypto Clarity Act is in the spotlight as Senate process grinds forward, with proponents arguing it provides law enforcement with strong tools to combat illicit finance involving cryptocurrency. They claim the bill offers robust bad-actor provisions, enhancing regulatory capabilities to track and prevent illicit transactions. This move aims to boost investor confidence and legitimize the industry.
Professional investors dumped 52K BTC worth of ETFs in Q1, filings show
Professional investors are dumping 52,000 Bitcoin worth of ETFs in Q1, filings reveal. US spot Bitcoin ETF ownership is shifting as hedge funds exit positions during the market downturn, while banks and long-term allocators continue building exposure. This trend may signal a shift in investor sentiment, potentially impacting Bitcoin's price and the broader crypto market's stability.
'Looksmaxxing' Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis
A gray market worth $100 million is emerging, driven by the "looksmaxxing" trend where individuals use peptides to enhance their appearance. Primarily fueled by Bitcoin and stablecoins, this market is thriving outside traditional financial channels. As a result, the use of cryptocurrencies for illicit activities is on the rise, raising concerns about their potential misuse.
White House crypto adviser Witt defends Clarity Act, calls it ‘pro-law enforcement’ as lawmakers race to pass bill
Patrick Witt, the White House's top cryptocurrency adviser, is defending the Clarity Act, labeling it a "pro-enforcement bill" despite growing opposition. The bill aims to improve crypto regulation, with some lawmakers racing to pass it. Witt's stance comes as the crypto community remains divided, with implications for the industry's future regulation and potential impact on market stability.
Ripple-linked XRP sinks 7% to four-month lows
XRP is plummeting 7% to four-month lows as traders reassess its technical setup, weighing growing institutional demand against a weak chart. The token's price has been under pressure since losing key support levels, with investors now questioning its sustainability. XRP's decline has significant implications for the broader cryptocurrency market, as it may signal a shift in investor sentiment.
Why tokenization is an ETF-style market structure revolution
Tokenization is revolutionizing the market structure, echoing the early days of ETFs, which Lie believes will ultimately lead to a $10+ trillion market, mirroring the explosive growth of ETFs. This shift is driven by increasing investor interest and technological advancements, paving the way for a new era of tokenized assets and potentially disrupting traditional financial markets.
Crypto for Advisors: The crypto due diligence questions you forgot to ask
Cryptocurrency advisors are urged to revisit their due diligence, considering three crucial questions that may no longer be fully covered. Stablecoins are evolving, regulation is shifting, and AI-enabled infrastructure is maturing, requiring advisors to reassess their strategies. This reassessment could lead to more informed investment decisions, potentially mitigating risks and unlocking new opportunities in the crypto market.
DOJ Task Force Freezes $3.8M in Illicit Crypto—With Help From Coinbase, SpaceX and Meta
The US Department of Justice Task Force freezes $3.8 million in illicit cryptocurrency, aided by major companies including Coinbase, SpaceX, and Meta. These companies provided crucial information to help disrupt organized crime in Southeast Asia, highlighting the growing cooperation between tech giants and law enforcement to combat cryptocurrency-related crimes and maintain market integrity.
JPMorgan says crypto bill may have only a narrow window for passage this year
JPMorgan analysts warn that the crypto market structure bill, or Clarity Act, may have only a narrow window for passage this year, with a possible deadline of September or October. This timeline is crucial, as any delays could impact regulatory clarity and investor confidence, potentially affecting the broader market's growth and adoption of cryptocurrencies.
Hyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price target
Hyperliquid is pulling back from record highs, having reached a peak, as crypto veteran Arthur Hayes exits his position, shy of his $150 price target. Hayes blamed macro risks and AI mania for taking profits, drawing backlash from traders for selling well below his recent bullish forecasts, sparking debate among market participants. Market sentiment remains cautiously optimistic.
Bitcoin Miners Emerge as 'Power Landlords' of AI Boom—And Revenue Will Surge: Bernstein
Bitcoin miners are emerging as key players in the AI boom, with Bernstein assigning "Outperform" ratings to TeraWulf and Cipher Digital, citing significant revenue growth potential. Bernstein expects revenue to surge from AI-related activities, driven by increasing demand for compute power. The AI boom is expected to fuel a substantial increase in Bitcoin miners' revenue.
Chainalysis says ‘top-tier’ gray market peptide vendors turn to bitcoin and stablecoins
Chainalysis reports that top-tier gray market peptide vendors are increasingly turning to bitcoin and stablecoins to facilitate their illicit trade, citing cryptocurrency as the backbone for scaling their operations. This trend is expected to continue, with Chainalysis noting that the use of cryptocurrency enables vendors to operate anonymously and avoid detection by law enforcement.
Ether.fi allocates $100 million to a Plume RWA vault, giving users access to yield
Ether.fi allocates $100 million to a Plume RWA vault, providing users with access to yield. This allocation comes from a mix of ether.fi's liquidity provider base and managed capital from its existing liquid vaults. The move aims to increase user engagement and attract more liquidity to the platform, potentially driving growth in decentralized finance (DeFi) adoption and market participation.
Crypto Billionaires Donate $9.4M to Farage’s Reform UK in Q1
Crypto billionaires Christopher Harborne and Ben Delo are donating $9.4 million to Reform UK in Q1, outpacing Britain's traditional political donors. Harborne, a Tether investor, and Delo, a BitMEX co-founder, are making significant contributions to the party. Their donations reflect the growing influence of crypto in politics, with implications for the industry's future regulatory landscape and potential partnerships with policymakers.