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Bitcoin Fragile at $62K as Iran Closes Strait of Hormuz, US Inflation Hits 3-Year High

Iran has declared the Strait of Hormuz closed after the US launched additional strikes on Thursday. The Iranian military command announced the closure of the key waterway, saying any vessel attempting passage will be shot at, according to Reuters. US Central Command (CENTCOM) reported that it had launched strikes on Iranian military surveillance capabilities, communication […]

Bitcoin Enters Distribution Phase as Investors Increasingly Sell Into Strength: Bitfinex Alpha

The bullish impulse of the Bitcoin market has exhausted itself, and bitcoin has now entered a distribution phase. This can be seen in investors increasingly selling into strength rather than increasing their exposure. According to this week’s Bitfinex Alpha report, both flow data and on-chain dynamics indicate that BTC has transitioned out of the accumulation […]

Coinbase Urges Congress to Treat Stablecoins Like Cash and Ease Crypto Tax Burdens

Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time they spend a stablecoin or pay a blockchain transaction fee. His testimony came during a hearing on six standalone bills aimed at updating how the […]

Retail Writes Off Ethereum, Making Recovery More Likely: Santiment

The “crowd has written off Ethereum,” reported Santiment on Tuesday. However, this makes the probability of a rebound “substantially higher,” it added. The onchain analytics platform said that Ethereum’s social sentiment has fallen into an “extreme fear zone” as traders react to months of underperformance relative to Bitcoin and many other altcoins. The recent selloff […]

XRP Activity and Investor Capitulation Hit Extremes: What It Means for Ripple

On-chain analytics firm Glassnode has reported a sharp deterioration in key XRP network metrics, pointing to weakening activity and mounting pressure on holders. Recent data shows both transaction demand and realized profitability have fallen significantly despite the token trading well above its 2024 levels. The decline in holder profitability is particularly evident in Glassnode’s latest […]

DeFi Users Warned to Revoke Approvals Before Anthropic’s Mythos AI Launches

Anthropic is reportedly set to release a public version of its Mythos AI model, and crypto analyst The DeFi Investor is urging decentralized finance users to act before that happens. The concern is based on how good Mythos is at finding software vulnerabilities, and a version of it becoming widely accessible could accelerate the speed […]

Chris Jericho to Join and Co-Create Official Community Traits for Kokopi Koalas™ NFT Collection

[PRESS RELEASE – Tampa, Florida, June 9th, 2026] Pro wrestling legend, international rock star, multi-time world champion, and lifelong collector Chris Jericho is officially joining Kokopi Koalas ahead of the June 11 mint on LaunchMyNFT: https://launchmynft.io/mint/kokopikoalas Kokopi Koalas, the customizable NFT ecosystem on Solana, today announced a collaboration with global wrestling icon, musician, actor and […]