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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
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πŸ’° Tether’s reserve breakdown is impressive!

CEO Paolo Ardoino confirmed:
🟠 100k BTC
🟠 50 tons of gold
🟠 $125 billion in US bonds and stocks
🟠 Massive currency holdings

USDT’s stability looks rock solid.

🌍 www.tg-me.com/Bitcoin_Insights
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πŸ˜€πŸ₯²πŸ˜—πŸ˜πŸˆβ€β¬›

META SAYS NO TO BTC TREASURY

Over 99% of shareholders rejected a proposal to consider adding Bitcoin to Meta’s $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 β€œDIFFERENT”

Bitcoin is now backed by institutions, not retail. BTC also shows less volatility.

Rosenblatt on CNBC: Buying BTC at record highs usually a bad idea… but this time, it’s 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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🍿 James Wynn announced 2 hours ago he’s 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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$441.4M in #SOL transferred from an unknown wallet on Binance.


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MicroStrategy buys 705 $BTC for $75.1M at an average price of $106,495 between May 26–June 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

πŸ”§ Upgrades to delayed execution, networking, and EVM efficiency

πŸ›‘ Prioritizing censorship resistance and decentralization

🐒 "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
πŸ˜’πŸ˜ƒπŸ˜ƒ 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 πŸ”§ Upgrades to delayed execution, networking, and EVM efficiency…
πŸ˜€πŸ₯²πŸ˜—πŸ˜πŸˆβ€β¬›

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.

πŸ”½ 97% of delegations linked to wallet theft

πŸ’£ 80% of attacks tied to malicious "CrimeEnjoyor" script

πŸ’€ Script auto-drains wallets with compromised keys

🎣 One victim lost $150K in a phishing scam

πŸ”₯ Exploits connected to notorious Inferno Drainer service

⚠️

The upgrade has inadvertently fueled widespread wallet attacks.

Stay cautious.



❀️ @CryptoWorldNews
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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 (–0.021%), according to a report.


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πŸ” 10 Trending Coins β€’ Jun.2

1. NATIX
2. HYPE
3. SOPH
4. SUI
5. S
6. ETH
7. KTA
8. SOL
9. QUBIC
10. BERA


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🚨 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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2025/07/02 00:40:52
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