Cryptonews

At first glance, one might be tempted to say, “Yes, they have fled like rats from a sinking ship.” Bitcoin, once the darling of the financial elite, has tumbled from its lofty heights. ETF outflows have persisted with the stubbornness of a mule, and altcoins, those poor cousins of the crypto world, have plummeted more than 70% from their peaks. The institutional fervor that once burned brighter than a thousand suns has cooled to a mere flicker, as though the fire had been doused by a bucket of cold, hard reality.

Key Takeaways (because who has time to read the whole thing?):

According to CryptoQuant analyst Maartunn, large Bitcoin investors—those holding over 1,000 BTC (excluding miners and exchanges)—have recently been selling their holdings at a loss. Maartunn shared this observation in a recent post on X.

According to data from Santiment, a company that tracks on-chain activity, large investors (known as whales) are significantly more active with cbETH, a token created by Coinbase that represents staked Ether.

So, Sui – the blockchain that’s basically the Usain Bolt of layer-1s – has just dropped a bombshell: confidential transfers on Devnet. Yes, you heard that right. No more airing your crypto laundry in public. Balances? Hidden. Transfer amounts? Zipped tighter than my skinny jeans after Christmas. But don’t worry, the senders and receivers are still visible – because even in crypto, you can’t escape your ex… or the taxman.

During the conversation, Trump stood by his idea and pushed back against questions asking for proof. The interview ended when he stopped answering questions and walked away.

ZIGChain, the kind of blockchain that thinks “accessible” is a virtue (and a marketing buzzword), has partnered with Ondo Finance, a company that somehow turned securities into programmable code. The result? Tokenized stocks and ETFs now waltz into ZIGChain’s world, where the dream of “onchain exposure” meets the harsh reality of people who still check their bank accounts before buying coffee.

Yuga Labs CEO Michael Figge announced on X (formerly Twitter) that the company successfully recovered digital assets following a security issue with Flooring Protocol. The recovered items include 29 Bored Ape Yacht Club NFTs, 4 Mutant Apes, 1 Bored Ape Kennel Club token, 2 CryptoPunks, 1 Azuki, 2 Elementals, 26 Captains, 1 Moonbird, and 2 Doodles. Yuga Labs’ VP of Blockchain, 0xQuit, led the effort to reclaim these assets.

There was speculation about whether MicroStrategy would buy more Bitcoin after recently losing $12 billion in value. However, that speculation ended on Monday, June 8th, when Saylor announced the company had purchased 1,550 more Bitcoin.

On the daily stage, XRP has tumbled below its local support, a fall as graceless as a drunken bureaucrat. It plunged into the demand zone between $1.10 and $1.20, a region as crowded with buyers as a Russian bathhouse. Yet, like a character in one of my farces, it rebounded-briefly, pathetically-only to remain ensnared in the clutches of a descending channel, a prison as inescapable as a bureaucratic form.