Bitcoin drops to new cycle lows as its short-lived 6-day rally in May fizzles out.
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According to report, Meta shareholders has rejected #BTC treasury proposal and calls it unnecessary.
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Forwarded from Bitcoin Insights
CEO Paolo Ardoino confirmed:
USDTβs stability looks rock solid.
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META SAYS NO TO BTC TREASURY
Over 99% of shareholders rejected a proposal to consider adding Bitcoin to Metaβs $72B treasury.
It was the least supported item on the agenda.
Is Big Tech really not buying the Bitcoin hype?
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PeckShield reports crypto scammers stole $244M in May, with losses down by 40%.
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THIS CYCLE IS βDIFFERENTβ
Bitcoin is now backed by institutions, not retail. BTC also shows less volatility.
Rosenblatt on CNBC: Buying BTC at record highs usually a bad ideaβ¦ but this time, itβs different.
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Elon Musk announces launch of new XChat
The updated XChat is rolling out with end-to-end encryption, disappearing messages, file sharing, and audio/video calls.
X is stepping deeper into the messaging game.
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πΏ James Wynn announced 2 hours ago heβs pausing Hyperliquid futures trading after a $17.5M loss.
Thirty minutes ago, he reopened a #BTC long for 945 BTC ($99.5M) at 40x leverage, with a liquidation price of $104,580.
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Bank of America: The US dollar will keep declining this summer due to tariff concerns. A weaker dollar could boost gold and BTC.
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MicroStrategy buys 705 $BTC for $75.1M at an average price of $106,495 between May 26βJune 1.
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Vitalik Reveals 10x Ethereum L1 Scaling Plan!
Vitalik Buterin announced a strategy to scale Ethereum Layer 1 by 10x within a year, focusing on decentralization and stability.
Key points
π§ Upgrades to delayed execution, networking, and EVM efficiency
π‘ Prioritizing censorship resistance and decentralization
π’ "Slow and steady" approach, rejecting 100x scaling urgency from researchers like Dankrad Feist
With ETH nearing $3K, scaling talks heat up, with $2B reportedly raised for ETH accumulation via ETFs and BTC swaps.
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Tether introduces XAUt0, the "omnichain evolution of Tether Gold." Its initial deployment will launch on The Open Network (TON).
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CryptoWorldNews
Ethereum Pectra Upgrade Exploited by Hackers
Wintermute reveals that Ethereum's EIP-7702 upgrade, intended to enhance user experience, is being used by hackers to steal wallets.
π£ 80% of attacks tied to malicious "CrimeEnjoyor" script
π£ One victim lost $150K in a phishing scam
β οΈ
The upgrade has inadvertently fueled widespread wallet attacks.
Stay cautious.
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Over $2.7B worth of tokens to be unlocked in June, led by
#SUI ($206.33M)
#ZRO ($64.29M)
#APT ($58.52M)
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Consensys acquires Web3Auth, a wallet infrastructure provider, to enhance its widely-used MetaMask wallet.
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Bitcoin Whale James Wynn deposited $20,460 in donated funds to his Hyperliquid account, reducing his BTC liquidation price from $103,632 to $103,610 (β0.021%), according to a report.
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1. NATIX
2. HYPE
3. SOPH
4. SUI
5. S
6. ETH
7. KTA
8. SOL
9. QUBIC
10. BERA
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π¨ Layer Team Token Transfer
A wallet tied to the Layer project team sent 4.15M $LAYER tokens to Binance, valued at ~$3.54M at current prices.
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