Author: James Wilson

Uniswap has recorded its largest daily UNI burn under the UNIfication mechanism as Hayden Adams renewed his bullish view on DeFi and Ethereum. Summary Uniswap recorded a new daily burn high after 134,000 UNI tokens were burned in 24 hours. Hayden Adams said he is “extremely bullish on DeFi and Ethereum” despite weak market sentiment. Uniswap governance expanded fee collection and UNI burns to BNB Chain, Polygon, and Celo through Proposal 96. Hayden Adams, the creator of Uniswap, said on X that he is “extremely bullish on DeFi and Ethereum,” while comparing current market sentiment to the 2018 bear market…

Pump.fun has launched a new bounty marketplace that has attracted more than 1,100 submissions and listed over 320 active tasks within hours of going live. Summary Pump.fun launches GO, a bounty marketplace with over 320 active tasks and $144,000 in unclaimed rewards. Users are offering crypto payouts for unusual challenges, including tattoos, public stunts, and interviews. Despite five-figure advertised rewards, the largest payout so far is under $700. According to Pump.fun, the Solana-based meme coin platform introduced GO on June 5 as a marketplace where users can create and complete bounties by locking rewards in escrow. The platform launched with…

Greece has prepared plans for a 15% cryptocurrency capital gains tax as officials move to bring digital assets into the country’s tax system. Summary Greece is preparing legislation to impose a 15% capital gains tax on cryptocurrency profits, with the first €500 in gains exempt. Officials revealed the proposal would formally bring crypto assets into Greece’s tax code, with a bill expected to reach parliament in the coming months. The move comes as other jurisdictions, including Israel and Illinois, pursue different strategies to increase crypto tax compliance and revenue collection. According to a report, Greece’s Finance Ministry is drafting legislation…

AVAX price crashed to levels last seen in early 2021 after a market-wide liquidation wave erased support near $8 and left traders heavily bearish. Summary AVAX price has fallen to levels last seen in early 2021 after a crypto-wide liquidation event wiped out key support zones. Open interest dropped to $159 million while more than 70% of derivatives positions remained short, highlighting bearish market sentiment. Traders are watching the $6.25 “Ultimate Support” level, with a break below potentially exposing AVAX to further downside toward $5.46 and $4.68. According to data from crypto.news, Avalanche (AVAX) fell 14% to an intraday low…

U.S. spot Bitcoin ETFs returned to net outflows on Friday after briefly snapping a record withdrawal streak, with BlackRock’s IBIT leading the declines as Bitcoin fell below the key $60,000 support level and investor sentiment deteriorated. Summary Bitcoin ETFs posted $325.7 million in outflows, led by BlackRock’s IBIT with $213.7 million withdrawn.. Bitcoin price fell below $60,000 to a low near $59,100, while analysts linked continued ETF outflows and a more hawkish Federal Reserve outlook to the market decline. Analysts say $60,000 remains key support, with downside risk toward $55,000. According to data from SoSoValue, the ETFs recorded $325.69 million…

Online speculation has tied Bitcoin’s latest drop to retail demand for SpaceX’s record IPO, but crypto flow data has not shown clear evidence of a mass cash exit. Summary Online speculation linked Bitcoin’s recent drop to retail demand for SpaceX’s record IPO. CryptoQuant data showed no unusual USDC or Tether outflows during the selloff. Bitcoin and Ether saw large exchange withdrawals, which often show buyers moving coins to private wallets. CryptoQuant data reviewed in the report showed no unusual withdrawals of USDC or Tether from exchanges during the selloff. The same data showed stablecoin movements stayed within the range seen…

While Bitcoin fell roughly 17% through the first months of 2026, a basket of Bitcoin mining stocks rose more than 50%, with the best performers up over 70%. Summary Public Bitcoin miners have secured more than $70 billion in AI and high-performance computing contracts as the sector shifts away from dependence on mining revenue. Mining stocks have outperformed Bitcoin in 2026, with a basket of listed miners gaining over 50% while BTC has fallen about 17%. Miners have sold more than 15,000 BTC from corporate treasuries and taken on billions of dollars in debt to fund AI data center expansion.…

Here is a pattern that should not make intuitive sense. Cardano’s ADA token has collapsed to four-year lows below $0.20, down more than 90% from its 2021 peak, in one of the worst stretches the ecosystem has ever faced. Summary Cardano’s ADA has fallen to multi-year lows below $0.20, while active addresses reached a four-month high and social dominance climbed near its 2026 peak. Santiment data shows network activity and social engagement increased during the selloff, highlighting a rare divergence between price action and user attention. The surge in activity could reflect either accumulation by long-term holders or heightened selling…

It is the longest losing streak the spot Bitcoin ETFs have ever recorded. Summary U.S. spot Bitcoin ETFs recorded a record 13 consecutive trading days of net outflows, with roughly $4.37 billion leaving the funds between May 15 and June 3. BlackRock’s IBIT accounted for about $3.3 billion of the withdrawals as total spot Bitcoin ETF assets fell from $104.29 billion to $82.83 billion. The streak highlighted the growing influence of ETF flows on Bitcoin price action, though cumulative net inflows since launch still exceed $55 billion. Between May 15 and June 3, 2026, US-listed spot Bitcoin ETFs bled cash…

Worldcoin price has plunged more than 25% after Arthur Hayes closed his entire WLD position, triggering a sharp reversal in one of the crypto market’s strongest AI-linked trades. Summary Worldcoin price plunged 28% after Arthur Hayes disclosed that Maelstrom had exited its entire WLD position. Key support sits at $0.35, with a breakdown potentially opening the door to a retest of $0.23. CoinGlass data shows major liquidation clusters at $0.45-$0.48 and near $0.60, creating key levels for traders. According to data from crypto.news, Worldcoin (WLD) price plunged 28% from above $0.56 to around $0.40 on June 6, wiping out a…