Daily digests
Crypto News Digest: June 5, 2026
The stories that moved crypto on June 5, 2026.
40 stories
All crypto news
Bitcoin sentiment hit peak bearishness at recent lows, peak bullishness near tops
Bitcoin sentiment has reached peak bearishness at recent lows, with 93% of respondents in a recent poll expressing negative views, while 96% were bearish near the top in 2025. This shift in sentiment suggests a potential reversal, with many traders now betting on a price rebound. Market participants are closely watching Bitcoin's next move.
Arthur Hayes dumps zcash holdings after Orchard Pool vulnerability revealed
Arthur Hayes is dumping his zcash holdings after the Orchard Pool vulnerability was revealed, citing concerns over potential exploits. He plans to reassess his position if his assumptions about the vulnerability prove incorrect. This move reflects Hayes' cautious approach to investing in cryptocurrencies, highlighting the ongoing scrutiny of zcash's security and the market's sensitivity to such issues.
CME CEO Duffy says new perpetual futures could be ‘disaster waiting to happen’
CME CEO Terry Duffy warns that new U.S.-approved perpetual futures could be a 'disaster waiting to happen', citing concerns over retail blowouts and excessive leverage exposure. He emphasizes the need for strict regulations to prevent potential market instability. This warning highlights the ongoing debate on the risks and benefits of perpetual futures, sparking concerns about market volatility.
XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows
XRP is falling toward $1.10 as a liquidation-driven selloff pushes the token to multi-month lows, with a 5% decline following a high-volume breakdown of support near $1.20. Traders are now focused on whether this latest washout marks capitulation or the start of a deeper slide, potentially impacting the overall cryptocurrency market sentiment and investor confidence.
Bitcoin loses $60,000, falls to weakest price since October 2024
Bitcoin's price plummets to its weakest level since October 2024, falling below $60,000. The largest buyer has turned seller, while ETF investors are exiting the market. Rate-hike fears are also rising, contributing to the decline. Market volatility is intensifying, with investors reassessing their positions in the face of increasing uncertainty and risk aversion.
Alsobrooks says Clarity Act needs ethics deal before Senate vote
Alsobrooks emphasizes that the Clarity Act, a bipartisan crypto legislation, is near completion but requires an ethics deal before a Senate vote. She cites unresolved concerns over illicit finance and ethics, which must be addressed before the bill can move forward. This delay may impact the crypto industry's regulatory clarity and market stability.
Zcash Bug Crisis Shows Privacy Cuts Both Ways, Experts Say
A Zcash bug is causing a crisis, enabling undetectable counterfeiting, with experts warning that the pursuit of privacy can sometimes come at a cost. The bug, which allows for untrackable transactions, has raised concerns about the trade-offs between anonymity and security.
Crypto tax proposals weighed ahead of Tuesday House hearing
US lawmakers weigh crypto tax proposals ahead of Tuesday's House hearing, focusing on "de minimis" reporting exceptions for crypto transactions. A proposed threshold of $50,000 or more in annual crypto gains may trigger reporting requirements, affecting millions of investors. The hearing aims to clarify tax obligations, impacting the growing crypto market.
Travala lets AI agents book hotels with USDC on Base
Travala's new protocol enables AI agents to search and book hotels with USDC on Base, but travelers must still approve the final payment, ensuring secure transactions. This integration allows for seamless travel bookings, leveraging the efficiency of AI and the stability of USDC. The move is expected to simplify travel arrangements for users.
U.S. House tax committee weighs crypto bills, including relief for small transactions
The U.S. House Ways and Means Committee is weighing seven draft bills, including proposals to ease small-gain, mining, and staking burdens, ahead of a hearing next week. These bills aim to provide relief for small transactions, potentially impacting millions of users. The committee's deliberations could lead to significant changes in U.S. crypto regulations, affecting investor confidence and market stability.
Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000
Dogecoin and Shiba Inu plummet 9% as heavy volume and liquidations overwhelm support levels, exacerbating a broader risk-off move across crypto markets. This decline comes as bitcoin nears $60,000, potentially signaling a shift in investor sentiment. Market participants are closely watching the situation, with many bracing for further volatility in the coming days amidst a cautious crypto landscape.
AI exposed a massive flaw in top crypto network and experts warn banks could be next
Researchers using AI models have exposed a four-year-old flaw in the Zcash cryptocurrency network, prompting warnings that similar vulnerabilities may be present in other crypto and traditional financial systems. Experts fear that banks could be next to be impacted, highlighting the need for enhanced security measures to protect against potential cyber threats.
Crypto tax in Illinois FY2027 budget is one step away from becoming law
The crypto tax in Illinois FY2027 budget is one step away from becoming law, with lawmakers passing a budget plan that includes the 0.2% tax on crypto transactions. This tax burden will be placed on registered brokers, who will be responsible for collecting and reporting the taxes.
Kraken offers SpaceX IPO access through xStocks
Kraken is offering eligible users in over 110 markets the chance to register for tokenized SpaceX equity through its xStocks platform ahead of the company's highly anticipated public listing. The move allows users to potentially gain early access to SpaceX shares, potentially capitalizing on the company's expected market growth. Market implications are uncertain but could attract new investors.
Anthropic Is Helping the NSA Hack China. It Also Wants Everyone to Pause AI
Anthropic, the company behind the AI model Claude, is collaborating with the NSA to develop offensive cyber operations against China, with embedded engineers working on the project.
Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion
Bitcoin purists like Mati Greenspan, Michael Saylor, and Jameson Lopp attribute the $200 billion price crash to the AI boom draining capital from the cryptocurrency. However, Jack Mallers remains tight-lipped on his outlook but advises buying the dip. Market players are closely watching the situation as the price volatility may impact investor confidence and overall market sentiment.
Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?
Bitcoin bears have amassed a $2.6 billion short position as the price dropped to $60,000, sparking concerns of a potential short squeeze. The funding rate has dropped, indicating a shift in market sentiment. This could lead to a buying frenzy as shorts scramble to cover their positions, potentially triggering a sharp price reversal and a relief for Bitcoin bulls.
Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K
Strategy shares plummet to a 4-month low as STRC dips, mirroring the decline in Bitcoin which has sunk below $60,000. This sharp drop in value is fueled by investor concerns over the cryptocurrency market's volatility and potential regulatory crackdowns, leading to a significant decline in investor confidence and a subsequent sell-off in the market.
Hyperliquid treasuries stand alone in profit as legacy crypto DATs bleed billions
Hyperliquid treasuries are currently standing alone in profit amidst the crypto market downturn, while legacy crypto derivatives, such as DATs, are bleeding billions in value. Strategy and Bitmine, major treasury firms, have seen their paper gains evaporate as crypto prices continue to slide, with Bitcoin and other major coins experiencing significant losses.
Saylor says Bitcoin needs ‘disciplined expansion’ as analysts weigh demand reset
Michael Saylor advocates for disciplined Bitcoin expansion through banks, credit, securities, and higher layers, preserving its base layer, in an attempt to increase adoption and usage. He suggests this approach will help Bitcoin become a global store of value and medium of exchange. This vision may drive institutional investment and mainstream recognition.
Securitize clears SEC registration statement hurdle, sets path to NYSE listing as SECZ
Securitize's SPAC merger is expected to close shortly after a CEPT shareholder vote, if approved, later this month, clearing a significant hurdle for its SEC registration statement. This achievement sets the stage for a potential NYSE listing under the ticker symbol SECZ. The successful listing could boost investor confidence and further legitimize the digital asset space.
Pump.fun bounty platform pays users to tattoo tokens and chase viral stunts
Pump.fun's bounty platform is paying users to participate in outlandish marketing stunts, such as forehead tattoos and setting a vehicle on fire, to promote their memecoin. Users are reportedly receiving thousands of dollars for these viral stunts. This move is sparking controversy and raising questions about the ethics of promoting cryptocurrency through extreme means, potentially damaging the industry's reputation.
‘Please stop the FUD’: Zcash treasury company Cypherpunk remains committed to accumulating 5% of ZEC supply
Cypherpunk Technologies, the Zcash treasury company, remains committed to accumulating 5% of the ZEC supply despite recent market volatility. Shares of Cypherpunk plunged over 40% following the disclosure of a critical bug in Zcash, which has since been patched. The company's dedication to its investment strategy suggests a long-term focus on the cryptocurrency.
BlackRock-backed tokenization firm Securitize clears key hurdle to go public on NYSE
Securitize, a tokenization firm backed by BlackRock, clears a key hurdle to go public on the NYSE as the SEC approves its merger registration. This approval paves the way for Securitize to begin trading on the exchange, potentially as early as this year. The move could boost the firm's valuation and further legitimize the tokenization industry.
Next up, taxes: Crypto tax legislation circulated ahead of House Ways and Means Committee hearing next week
Cryptocurrency tax legislation is being circulated ahead of a House Ways and Means Committee hearing next week, focusing on how to tax digital assets. The proposed bills aim to regulate stablecoins and the broader market, sparking debate on tax implications for investors. This move could significantly impact the crypto market's growth and investor sentiment.
Crypto Biz: Nobody told Saylor ‘never sell’
Strategy's Bitcoin sale of 10,000 BTC is challenging the "never sell" narrative, a stance popularized by MicroStrategy's CEO Michael Saylor. Meanwhile, JPMorgan is criticizing CLARITY's Bitcoin investment thesis, and Capital B is pursuing a massive fundraising plan to acquire more BTC. This shift in sentiment may impact investor confidence in the market.
Tom Lee's Ethereum Treasury BitMine Prices Preferred Shares With 9.5% Dividend
Tom Lee's Ethereum Treasury BitMine is pricing preferred shares with a 9.5% dividend, mirroring Strategy's Bitcoin playbook. The upsized offering aims to raise funds for buying Ethereum, leveraging a similar strategy to the Bitcoin-focused fund. This move indicates a growing confidence in Ethereum's potential, potentially boosting its price and investor interest in the cryptocurrency market.
Congress Gets 7 New Crypto Tax Bills: Here's What's In Them
Congress is deliberating 7 new crypto tax bills, marking the first time such legislation has been considered by congressional leadership, with a House hearing scheduled for Tuesday. These bills aim to provide clarity on tax implications for cryptocurrency transactions, including trading, staking, and airdrops, potentially affecting millions of investors and shaping the future of the industry's regulatory landscape.
Zcash Crash Just Wiped Billions From the Privacy Coin's Market Cap—Can ZEC Recover?
Zcash's price is plummeting after a critical vulnerability was disclosed, wiping billions from the privacy coin's market cap. The price of ZEC has dropped significantly, with a 20% decline in the past 24 hours, and a 30% drop in the past week. This raises concerns about Zcash's long-term viability and its ability to recover from this setback.
Bearish zcash bets hit record high as privacy token's price crashes
Zcash's price crash has led to bearish bets hitting a record high, with open interest in ZEC futures climbing to a record high in token terms, indicating traders are aggressively shorting the token. This surge in short positions suggests a growing consensus among traders that Zcash's price will continue to decline, further weighing on its value.
Bitcoin needs one more thing to happen to spark BTC price 'rally:' Analysis
Bitcoin whales are shifting to support a potential BTC price rebound, but analysts warn that a full recovery requires one more catalyst - the return of Coinbase Premium and Kimchi Premium metrics to their pre-2022 levels. This could signal a renewed buying interest, potentially sparking a BTC price rally, with implications for the broader cryptocurrency market and investor sentiment.
Visa tests private stablecoin settlement with Brale, Canton
Visa is currently testing private stablecoin settlement on the Canton network with Brale, aiming to determine if institutions can leverage blockchain technology without compromising sensitive transaction data. This trial involves the use of Brale's private blockchain solution, potentially paving the way for increased adoption of secure, decentralized payment systems within the financial industry.
Morgan Stanley lets clients lend bitcoin and other assets for in-kind spot crypto ETF conversions
Morgan Stanley Wealth Management is now allowing eligible clients to lend their bitcoin and other assets for in-kind spot crypto ETF conversions in partnership with Galaxy Digital. This service enables clients to convert their crypto holdings into crypto ETP shares, providing a new way to manage their digital assets. Market participants are closely watching this development.
Strategy’s Saylor says Bitcoin should avoid choosing between ‘purity and adoption’ as BTC extends losses
Michael Saylor, Strategy Exec Chairman, emphasizes that Bitcoin should avoid choosing between 'purity and adoption', instead acknowledging four necessary camps within the ecosystem, each serving a distinct role. This nuanced approach aims to promote harmony among different factions, potentially mitigating potential conflicts and fostering a unified vision for Bitcoin's future growth and development.
Bitcoin teases 'seller exhaustion' as BTC price downside reaches $60.3K
Bitcoin sellers are showing signs of exhaustion as the price continues to decline, reaching a low of $60.3K. Market analysis suggests a potential shift in momentum, with sellers losing steam. This development brings the market closer to the psychologically significant $60,000 level, sparking hopes of a potential price rebound and increased investor confidence in the crypto market.
Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns
Cypherpunk Technologies shares plummet to their lowest point since March, with a nearly 40% plunge, as jitters tied to a Zcash bug spark concerns about the cryptocurrency's privacy features. The Winklevoss-backed firm's stock price drops sharply amidst fears of a potential security breach, weighing on investor confidence in the Zcash ecosystem and its future prospects.
Government Stablecoin Payments Would Fuel 'Tax Evasion Economy,' Lawmaker Warns
Representative Brad Sherman warns that government stablecoin payments would fuel a "tax evasion economy" by allowing individuals to evade taxes and hide assets. He claims it would "sanctify an alternative to the U.S. dollar," undermining its dominance. This stance could impact the widespread adoption of stablecoins in government transactions, potentially limiting their growth in the market.
Crypto Council for Innovation launches coalition to push for regulatory clarity on vaults
The Crypto Council for Innovation is launching a coalition to push for regulatory clarity on crypto vaults, a rapidly growing mechanism for depositing digital assets and earning yield, with over $1 trillion in assets already stored in these vaults. The coalition aims to address concerns around custody and security, driving industry growth and investor confidence.
Bitcoin Dives Below $60K Following Strong Jobs Data, Zcash Crash Shaking Crypto Confidence
Bitcoin is currently trading below $60,000, marking a decline of over 50% from its October peak, as the crypto market grapples with the aftermath of a Zcash vulnerability that has shaken investor confidence, potentially exacerbating the market's already fragile state and raising concerns about the resilience of the broader cryptocurrency ecosystem.
Live updates: bitcoin below $62,000 as blowout jobs data, Zcash bug keeps pressure on crypto
Zcash is plummeting 40% after a major bug was revealed by Shielded Labs, which went undetected for 4 years. This critical vulnerability is putting immense pressure on the cryptocurrency, with its price taking a significant hit. The market's overall sentiment is deteriorating as investors reassess their risk tolerance and crypto assets face increased scrutiny.