Author: James Wilson

Solana price has rebounded from a three-year low after a wave of liquidations eased and buyers stepped back into the market, though traders remain divided on whether the token can reclaim its May highs. Summary Solana price rebounded above $66 on June 8 after plunging to a three-year low near $60 amid last week’s market selloff. Spot Solana ETFs posted their first net outflows since May as investors reduced crypto exposure. Analysts are watching the $75–$81 zone as the next major hurdle for a recovery toward May highs. According to data from crypto.news, Solana (SOL) price traded near $66 on…

edgeX has completed the first part of its goodwill payment program for users affected by the June 2 EDGE crash.  Summary edgeX distributed half of approved compensation in USDC after June 2 EDGE liquidations hit users. Remaining payments will arrive in EDGE tokens during April 2027 using a seven-day TWAP calculation. Users must file Discord claims by June 9 or lose eligibility under the goodwill program. The derivatives platform said approved users can now claim 50% of their verified compensation in USDC. The remaining 50% will arrive in the first week of April 2027. edgeX plans to pay that portion…

Josh Swihart has detailed Zcash’s emergency response to a vulnerability that could have enabled unlimited counterfeit ZEC creation, as the token has recovered more than 41% from its post-disclosure low. Summary Zcash deployed a soft fork and a hard fork to fix a critical Orchard vulnerability that could have enabled unlimited counterfeit ZEC creation. Josh Swihart said mining pools and exchanges reviewed the emergency code changes, with ViaBTC and Foundry helping coordinate the response. ZEC has recovered more than 41% from its June 5 low after the vulnerability was patched and Orchard transactions were restored. According to Josh Swihart, founder…

Galaxy Digital has lowered its estimate for the CLARITY Act becoming law in 2026, warning that the Senate is running out of time to pass the crypto market structure bill. Summary Galaxy cut CLARITY Act odds to 60% as Senate floor time becomes harder to secure. Alex Thorn said July action is needed before the August recess closes the window. JPMorgan and Bitwise also flagged lower odds as ethics and finance talks remain unresolved. Alex Thorn, Galaxy’s head of research, said the firm now sees a 60% chance of passage this year. Galaxy had raised its estimate to 75% in…

Ethereum has fallen to $1,500. In the depths of the June 2026 crypto selloff, ETH briefly touched the $1,500 level, a price last seen in the depths of previous bear markets and roughly 70% below its August 2025 all-time high of $4,953.  Summary Ethereum touched $1,500 after falling roughly 70% from its August 2025 all-time high. ETH has fallen harder than Bitcoin because of higher beta, weaker ETF demand, and leveraged liquidations. A continued Bitcoin decline toward $50,000–$55,000 could pull Ethereum closer to the $1,000 level. Bitcoin’s direction, the ETH/BTC ratio, ETF flows, and Fed policy will determine whether $1,500…

Helium founder Amir Haleem has stepped down as chief executive of Nova Labs after HNT’s price suffered a steep multi-year decline and the company sold its consumer mobile business. Summary Amir Haleem has stepped down as Nova Labs CEO and moved into the chairman role. Mario Di Dio has taken over as CEO of Nova Labs after Haleem’s exit. HNT has fallen 96% over five years, according to market data cited in the report. According to Haleem’s announcement on X, Mario Di Dio has taken over as CEO of Nova Labs, while Haleem has moved into the chairman role. The…

Brad Sherman has criticized proposals to distribute government payments through stablecoins, warning during a congressional hearing that such a system could support tax evasion while lawmakers simultaneously advance several new crypto tax proposals. Summary Rep. Brad Sherman criticized proposals to issue tax refunds and government payments in stablecoins, arguing they could facilitate tax evasion. The comments came after NCUA Chairman Kyle Hauptman suggested stablecoins could enable faster government disbursements, including on weekends and holidays. Congress is reviewing new crypto tax proposals covering stablecoins, DeFi, staking, and wash sales. According to remarks delivered during a House Financial Services Committee hearing on…

Digital asset treasury companies have come under fresh pressure as the crypto market slump has pushed major bitcoin, ether, and Solana holders into large unrealized losses. Summary Hyperliquid treasury firms remain the only major DAT group with meaningful unrealized gains, according to Artemis data. Hyperliquid Strategies holds about 23.7 million HYPE and has over $1.1 billion in paper gains. Strategy now faces more than $12.8 billion in unrealized Bitcoin losses, according to SaylorTracker data. Artemis data shows that Hyperliquid-focused treasury firms are the only major group still holding meaningful paper gains, even after HYPE pulled back from its record high…

Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff. Summary Michael Saylor pushed back after Jim Cramer blamed him for Bitcoin’s slide below $60,000 following Strategy’s sale of 32 BTC. CryptoQuant and Citigroup argued that ETF outflows and whale selling have had a much larger impact on Bitcoin than Strategy’s transaction. Grayscale, Peter Schiff, and Charles Schwab analysts focused on Strategy’s funding model and Bitcoin’s longer-term bear market trend. Posting on X as Bitcoin (BTC) slid below…

Centralized crypto exchange spot volume fell to $679 billion in April 2026, marking its lowest monthly level since October 2023, according to CryptoQuant data cited by Wu Blockchain. Summary CryptoQuant data shows centralized exchange spot volume fell to $679 billion in April 2026. Weak retail demand, lower search interest, and Bitcoin’s pullback reduced activity across crypto exchanges. Crypto.news reports show exchanges are leaning on derivatives, stablecoins, and services as spot trading slows. The drop shows that traders are using spot markets less as the wider crypto market faces weaker demand, falling retail interest, and pressure from Bitcoin’s sharp pullback from…