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By spring 2026, Hyperliquid had become the de facto standard in the perp-DEX segment. According to CoinGecko, in April the platform processed $190.28 billion in trades (about 3.9% of the total volume), ranking ninth among all perpetual futures venues, including centralized exchanges. Yet the infrastructure problems of on-chain derivatives have not gone away. Meme-coin manipulation and unstable mark-price behavior under heavy load remain weak spots, and competitors are trying to answer them with their own architectural designs. On May 18, 2026, AFX joined the race — an L1 network built specifically for perpetual futures trading. Together with the project team, ForkLog examines how AFX is designed and how its approach differs from Hyperliquid. Hyperliquid sets the bar Hyperliquid combined a full on-chain order book with the user experience traders are used to from centralized exchanges. In October 2025, the protocol activated the HIP-3 upgrade, which allows any developer to launch a perpetual futures market on top of HyperCore by staking 500,000 HYPE. The market creator defines the contract specifications, oracles, leverage limits and settlement parameters, and can claim up to 50% of the fees. This mechanic quickly pushed Hyperliquid beyond the crypto-native perimeter. The platform became a round-the-clock venue for macro-risk trading: during the escalation of the Middle East conflict, the CL-USDC contract tied to WTI crude reached $1.1 billion in volume with open interest above $274 million. The segment leader has been through several stress tests. In March 2025, Hyperliquid faced manipulation around the meme-token JELLYJELLY: attackers exploited features of the liquidation mechanism and the asset’s thin liquidity, leaving the Hyperliquidity Provider Vault (HLP) with roughly $12 million in unrealized losses. The team had to halt trading manually and delist the contract. A new incident happened in November of the same year, this time with the meme-coin POPCAT. According to on-chain analysts, the attacker withdrew about $3 million in USDC from OKX, split the funds across 19 wallets and opened a combined long of roughly $30 million. When the trader pulled the wall of buy orders, his $20–30 million position was liquidated within seconds. The losses passed to the exchange's liquidity provider (HLP), which lost $4.9 million. Amid manipulation suspicions, Hyperliquid temporarily paused deposits and withdrawals. These episodes did not break the business model, but they marked specific scenarios in which Hyperliquid behaves differently from how its documentation reads. They also became reference points for the next generation of projects. An L1 built for the order book AFX positions itself as a Sovereign Trading Layer — dedicated infrastructure for professional derivatives trading. The team rejected a general-purpose blockchain and assembled its own stack: a custom execution layer, the Mysticeti consensus based on DAG BFT, and a modular structure built on ABCI/Cosmos SDK. Execution and consensus are separated, so the order flow is handled independently of other network processes. Hyperliquid also runs on its own L1 and builds its infrastructure around HyperCore — an on-chain engine for spot and perpetual markets with an order book and price-time priority matching. Through HyperEVM, developers can tap into HyperCore liquidity and build applications inside the ecosystem. AFX took the opposite direction: instead of an ecosystem horizontal, it focused on the trading-stack vertical — blockchain validator, mempool, DAG consensus, ABCI communication layer, virtual machine, accounts module, bridge and trading engine are packaged into a single system where the matching logic is physically separated from consensus and cannot be slowed down by it. The venue added two more elements geared toward professional flow: Zero gas fees remove friction from placing and canceling orders, so traders’ decisions no longer depend on transaction cost. Protection against MEV is built through a dedicated mempool and an execution architecture that separates the order sequence from regular on-chain traffic. A dedicated trading layer gives AFX more control over mempool behavior, transaction flow and execution logic than a DEX deployed on top of a congested general-purpose blockchain. At launch, four contracts went live: bitcoin and Ethereum with up to 40x leverage, plus gold (XAU) and crude oil (CL) with up to 25x. At the time of publication, the venue had added Solana, XRP, silver (XAG) and HYPE. Margin is in USDC. Deposits go through the Arbitrum network, with connection via MetaMask, Rabby, Coinbase Wallet or the WalletConnect protocol. The starter set of assets is telling: AFX is moving into the same niche where Hyperliquid is already setting records on macro assets and RWA. Not just speed Hyperliquid set a high bar: orders are filled in about 0.2 seconds on average, and even in rare cases of heavy delay, in roughly 0.9 seconds. AFX claims about 0.12 seconds to process a typical order, more than 50,000 operations per second and headroom to scale to 100,000–200,000. But comparing raw numbers does not show the whole picture. In quiet periods almost any large exchange runs fast. The real test comes during sharp market moves, when positions are closed en masse, funding rates change abruptly and trading bots fire off massive numbers of orders at once. “In moments like that, what matters is not just peak system speed but how stably the platform performs under load: how fast it processes and cancels orders, how it manages the order queue and how predictably it executes trades. AFX’s trading system is built first and foremost to preserve stability and predictability during peak load,” AFX contributors say. Mark price from three sources Mark price is the contract’s reference price that the exchange uses to calculate margin, PnL, liquidations and conditional-order triggers. On thin markets, the last-trade price can be moved sharply by a single large order. If mark price depends too heavily on the local order book, it opens the door to manipulation and forced liquidations. AFX calculates mark price as the median of three independent components: an external oracle price for the underlying asset, smoothed by a 2.5-minute moving average; the mid of AFX’s own order book; a weighted median of the mid for the same contract on the centralized exchanges Binance, OKX, Bybit, Gate and MEXC, with weights of 3:2:2:1:1 respectively. Source: Medium. If one of the sources returns abnormal data because of order-book manipulation, an oracle failure or a stuck feed from an external exchange, the median simply ignores it and takes the middle value. To shift the mark price noticeably, an attacker would have to influence at least two independent sources at once. The calculation refreshes once per second. In practice, this reduces the risk of false liquidations during short-term dislocations in the local order book. A stop-loss triggered by mark price will not fire on a single spike in AFX’s order book if the rest of the market remains stable. Orders triggered by the last trade price, on the contrary, react to that local move. The user chooses the trigger type, but the mark-price architecture makes the classic single-book manipulation attack significantly harder. Four phases of liquidation and the role of the LP Vault Cascading liquidations are one of the main stress tests for on-chain venues. AFX uses a four-step defense system that gradually tightens as the value of assets in the trader’s account approaches the minimum collateral threshold for the position. The first step cancels open orders that have funds reserved against them. The system first tries to free up capital without forcibly closing the position itself. If that is not enough and account equity drops below the maintenance margin, the second step kicks in — forced closure of the position on the open market. If any funds remain after the close, they are returned to the trader. The third step is triggered if a normal liquidation can no longer stabilize the account — for example, during a sharp market move, when a position races into deep loss. At that point the LP Vault (or ALP) takes on the open position and the trader’s remaining funds, becoming the counterparty to the trade and assuming the risk. The fourth step is the auto-deleveraging mechanism (ADL). It is used only as a last resort: if the LP Vault’s own funds go negative after absorbing a losing position, the system begins to cut profitable opposing positions of other participants to cover the remaining loss. Source: Medium. The LP Vault is the system’s main protective buffer in this model. The pool supplies liquidity to the order book, absorbs liquidated positions and takes on part of the risk during sharp market moves. ADL remains a backstop for cases where even the LP Vault cannot cover the losses in full. Pro-grade orders and cross-margin In cross-margin mode, AFX lets traders use unrealized profit as additional collateral. If an open position moves into the green, available margin increases automatically — there is no need to close the trade and withdraw the profit first. That makes capital handling more flexible: a trader can scale into a position, add a hedge or rebalance a portfolio without extra steps. Hyperliquid also develops its margin system: its documentation describes margin tiers that set maximum leverage and maintenance margin requirements. “The difference is in emphasis. Hyperliquid built one of the strongest on-chain perpetuals ecosystems. AFX enters the market with capital efficiency as a core architectural principle, targeting traders who run a portfolio of several positions and expect margin logic at the level of a professional trading system,” AFX representatives comment. The platform offers three order types. Market orders let the user cap allowed slippage in a 0.5%–5% range. Limit orders support the main execution modes — GTC, IOC, FOK and Post-Only. Conditional orders (stop-market and stop-limit) can be triggered by either the last trade price or the mark price. The roadmap also lists TWAP execution and a hedge mode with a simultaneous long and short on the same pair, but these features are not yet available at launch. Base fees are 0.01% for makers and 0.06% for takers. Under the VIP program, the rates drop as 30-day volume grows — both the main account and sub-accounts count toward the total. Users at the top VIP tiers also receive a share of the platform’s fee revenue. The referral program works through wallet attribution: after following a unique link, a user is bound to the inviter, and rewards are recalculated daily based on the referred network’s total trading volume. Betting on quant traders and market makers In the AFX team’s view, the bulk of on-chain derivatives volume over the coming years will be generated not by retail traders through the interface, but by market makers, quant traders, copy-trading communities and AI agents. Hyperliquid has mature documentation and API infrastructure, yet that same documentation spells out the limits advanced users hit. Each account gets 1,000 open orders by default, with a ceiling of 5,000 as volume grows. When the 1,000-order cap is reached, the platform may reject reduce-only and trigger orders. “AFX is designed around the needs of professional clients from day one. The long-term goal is to attract not the trader looking for a decentralized alternative to Binance or Bybit, but the trader who wants to run a full trading operation on-chain without giving up execution quality,” AFX emphasizes. A token economy without VC On the token side, AFX leans on the absence of a venture round, private allocations or pressure from future unlocks. The project frames the launch as oriented toward active traders, liquidity providers and the community rather than early-round investors. The token itself has not been issued yet. At launch, the team rolled out trader incentive programs: a VIP system that cuts maker and taker fees as volume grows, and a referral model with wallet attribution and fee sharing. The approach echoes the Hyperliquid model: launch the infrastructure and build liquidity first, then distribute the token through user activity rather than classic venture rounds. “Hyperliquid has one of the strongest communities in DeFi, and that is one of the reasons it became the segment leader. AFX can build on the lessons of the first wave with a sharper focus on community-driven economics,” AFX adds. Trading activity before the token appears forms the base for the future genesis distribution, and traders building volume and liquidity now are positioning themselves for an airdrop. Hyperliquid walked a similar path: its November 2024 distribution became the most generous in history, valued at around $10.8 billion at the asset’s peak. The platform has grown steadily in trading volume since then, and the HYPE token continues to set new all-time highs in June 2026. The experience of dozens of other projects, however, shows that liquidity that arrives for a drop often leaves in the first weeks after distribution. Two things will be critical for AFX: the structure of the genesis distribution, and whether it can retain professional participants once the early-stage incentives run out. Without the latter, even a technically excellent order book risks being left with a thin book. AFX and Hyperliquid: comparison table ParameterAFXHyperliquidPositioningSovereign Trading Layer for professional on-chain derivativesOn-chain order-book perp-DEX + spot + app ecosystemOrder bookFully on-chainFully on-chain, price-time priority matchingConsensus and architectureMysticeti DAG BFT, ABCI + Cosmos SDK, modular structureHyperBFT, HyperCore + HyperEVMLatency~120 ms P500.2 s median for co-located clientsThroughput50,000+ TPS; theoretical ceiling 100,000–200,000 TPSHyperCore optimized for high-performance on-chain tradingExecution modelExecution and consensus separatedHyperCore handles trading logic nativelyMarginReuse of unrealized PnL, cross-positions, real-time risk controlMargin tiers and maintenance margin systemMEV protectionDedicated mempool and execution architectureOn-chain order book and transaction-sequencing rulesTarget audienceProfessional traders, quants, HFT, market makers, trading communitiesRetail traders, professional traders, developers, ecosystem users What time will show AFX’s tech stack addresses specific bottlenecks of on-chain perps: a three-component mark price reduces the risk of price manipulation, the four-step liquidation system with an LP Vault adds an extra buffer between a losing position and the rest of the market, and the reuse of unrealized profit in cross-margin mode improves capital efficiency for professional trading strategies. The coming months will show what marketing materials could not: whether AFX holds its stated latency and mark-price behavior during episodes comparable to JELLYJELLY and POPCAT on Hyperliquid; whether the LP Vault can absorb liquidated positions in the first genuinely massive cascade without triggering ADL; whether professional market makers come in before and after the genesis token distribution; how the token distribution structure plays out. The gap to Hyperliquid is unlikely to close quickly in the near term. The segment leader has built a full ecosystem, and its token keeps setting new all-time highs above $60. The very interest in platforms of this kind and the growth of the biggest player can also be a positive signal for AFX, confirming sustained demand for on-chain derivatives.

On June 2, the price of the leading cryptocurrency dropped to $69,751. The decline occurred amid escalating tensions between the US and Iran, as well as the sale of part of its reserves by Strategy. In the past 24 hours, Bitcoin has decreased by 3.9%. At the time of writing, the asset is trading at $69,966. Hourly chart of BTC/USDT on Binance. Source: TradingView. Other top-10 cryptocurrencies also entered the "red zone": BNB lost 0.6%, Solana fell by 1.4%, and XRP by 3%. Source: CoinGecko. Zeus Research analyst Dominic John linked the negative trend to rising geopolitical tensions. Investors began shedding volatile assets due to fears of destabilization in the Strait of Hormuz following the suspension of negotiations between Washington and Tehran.  Additional pressure on the market came from news about Strategy. The company sold part of its reserves for the first time since December 2022 — 32 BTC worth about $2.5 million. The firm will use these funds to pay dividends on preferred shares. Experts pointed out the insignificant volume of the deal for the market. However, BTSE exchange COO Jeff May considers the situation a negative psychological signal. According to him, Strategy's actions indicate that even the largest holders feel pressure from the recent price decline. While the crypto market was falling, US stock indexes S&P; 500 and Nasdaq closed slightly up. In Asian markets, there is mixed dynamics: Japan's Nikkei 225 and South Korea's Kospi are declining, while Chinese indexes are showing growth. Head of Research at Bitrue Andri Fauzan Adjima noted that Bitcoin is trading as a high-risk asset tied to macroeconomic expectations rather than as an independent hedging tool. According to him, this is a temporary phase of the cycle: as market conditions improve, the cryptocurrency will show leading growth. Santiment confirmed that investors have increasingly favored stocks due to their returns and low volatility. 📊 The gap between traditional equities and crypto has become increasingly difficult for traders to ignore. From May 6th through June 1st, the S&P; 500 has climbed another +4%, while Bitcoin is down -13% and gold -5%. This divergence has led to a growing preference among investors… pic.twitter.com/TMcT32sIvt— Santiment Intelligence (@SantimentData) June 1, 2026 This creates a "self-reinforcing cycle," where capital flows from the crypto industry to the traditional sector. Santiment experts also reported that whales have started actively moving coins after the price fell to $70,011. 🐳 As Bitcoin dipped as low as $70,011, our on-chain data indicates the network saw the most transactions valued at $100K or more since April 22nd. This is historically a strong sign of whale accumulation.🔗 Track $BTC whale activity here on this chart: https://t.co/voRQUWucDF pic.twitter.com/KnOeOiho3y— Santiment Intelligence (@SantimentData) June 2, 2026 The network of the leading cryptocurrency recorded a record number of transactions of $100,000 or more since April 22. Analysts noted that a surge in large transfers during a price drop historically indicates a phase of asset accumulation by whales. What About ETFs? On June 1, the net outflow from exchange-traded funds based on digital gold amounted to $483.76 million. The continuous negative trend has persisted since May 15 — for 11 consecutive sessions. Source: SoSoValue. The main volume on the last trading day was from BlackRock's IBIT — $440.3 million was withdrawn from the fund. The only inflow of $6.14 million was recorded at Morgan Stanley's MSBT. In the last 11 days, funds have lost $3.45 billion. The total outflow for May was $2.43 billion — the worst monthly figure since November 2025. Researchers from Bitrue linked this to rising inflation in the US and high yields on government bonds. Institutional investors are redirecting capital to other assets, including AI sector stocks. Spot Ethereum ETFs completed their 15th consecutive trading day with a negative result. On June 1, investors withdrew $44.44 million. Source: SoSoValue. During the trading week from May 25 to 29, the outflow from investment products based on digital assets amounted to $1.67 billion.

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Cathie Wood's ARK Invest purchased $63M in Nvidia (NVDA) shares while selling $57M of AMD stock after NVDA's Computex AI processor reveal drove 6% gains. The post ARK Invest Pivots: $63M Nvidia (NVDA) Purchase While Offloading AMD appeared first on Blockonomi.

SpaceX IPO debuts June 12 on Nasdaq at $2T valuation. Analysis reveals concerning valuation metrics, slowing revenue growth, and S&P 500 rule changes. The post SpaceX (SPCX) IPO: Why a $2 Trillion Valuation Could Signal Trouble for Investors appeared first on Blockonomi.

The XRP open interest has fluctuated over the last year, moving from peaks to lows as the market has struggled to determine a direction. Now, the tides look to be changing as the open interest seems to be maintaining a steady uptrend, moving toward levels not seen since 2025, and this could have some bullish […]

B3, the Brazilian stock exchange, will develop a digital twin of its depository database in a blockchain in preparation for a potential inclusion of these into the traditional financial system. B3 also expects to launch B3RL, a Brazilian real stablecoin, later this year. B3 Takes First Steps to Tokenize Stocks B3, Brazil’s stock exchange, is […]

Marvell (MRVL) stock soared 24% after Nvidia CEO Jensen Huang called it the next trillion-dollar company at Computex, backed by a $2B Nvidia investment. The post Marvell (MRVL) Stock Rockets 24% Following Jensen Huang’s Trillion-Dollar Endorsement appeared first on Blockonomi.

Alphabet (GOOGL) stock declined 2% after unveiling an $80 billion equity raise to finance AI expansion, drawing criticism from Cramer and Chanos. The post Alphabet (GOOGL) Stock Tumbles 2% Following Massive $80B Capital Raise Announcement appeared first on Blockonomi.

The trader who nailed the 700% XRP run calls out the fake 'Saylor sell panic' and sets a hard Bitcoin floor.

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SK Hynix crosses $1 trillion valuation as chairman reveals plan to double wafer capacity. Goldman Sachs boosts 2028 profit forecast by 24% amid AI boom. The post SK Hynix Reaches $1 Trillion Valuation as CEO Unveils Aggressive Expansion Plans appeared first on Blockonomi.

TLDR: Hyperliquid allocated $192.25 million toward HYPE buybacks during the first quarter of 2026. HYPE reached a record $74.19, becoming the ninth-largest cryptocurrency by market capitalization. U.S. spot HYPE ETFs attracted $122 million in assets, adding fresh institutional demand. Pre-IPO markets and commodity perps continue boosting network activity and trading volumes. Hyperliquid continues to attract [...] The post Hyperliquid’s HYPE Surges to New Highs as Buybacks, ETFs, and Pre-IPO Markets Drive Demand appeared first on Blockonomi.

HPE stock surged 30% after crushing Q2 earnings with $0.79 EPS and $10.7B revenue. Company raised fiscal 2026 revenue growth outlook to 29–33%. The post Hewlett Packard Enterprise (HPE) Stock Soars 30% on Exceptional Q2 Results appeared first on Blockonomi.

Bitcoin fell to its lowest levels since mid-April as chances of a US-Iran peace deal seemed to fade and oil prices spiked.

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Bitcoin fell to fresh two-month lows as BTC price weakness accelerated and analysis targeted its 200-day moving average trend line.

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D-Wave Quantum unveiled its roadmap for the phased development of quantum systems. By 2032, the company plans to create a fault-tolerant quantum computer with 100 logical qubits. According to the press release, the system is expected to perform over 1 million operations and support initial applications in quantum chemistry and AI. Intermediate steps in D-Wave's plan include: 2026: A system with 17 physical qubits and a logical error rate half that of classical systems; 2027: A 49-qubit system with an anticipated 20-fold reduction in errors; 2028: A 181-qubit system with an anticipated 2000-fold reduction in errors; 2030: A system with 10 logical qubits designed for initial fault-tolerant algorithms. The company's approach is based on a superconducting dual-rail qubit architecture, enabling quantum error correction cycles 100-1000 times faster than systems based on neutral atoms or trapped ions. The company claims that fault detection is directly integrated into the qubits, allowing for the identification of about 90% of computational inaccuracies at the initial level. This solution significantly reduces the number of physical qubits needed for correction. "The future of commercial gate-model quantum computing will be defined not just by the number of physical qubits, but by the ability to reliably perform large-scale computations for real-world applications. While much of the industry focuses on scaling physical qubits, D-Wave employs a differentiated approach focused on reducing hardware-level errors," the company noted. D-Wave also announced achieving 99.9% accuracy for two-qubit operations, with one physical error occurring per 1000 operations. The company highlighted the Lambda metric, which describes how quickly error rates decrease with added correction. D-Wave estimates the industry average at about 2, while their plan targets 10. In May, experts questioned D-Wave's claims of quantum supremacy.

The total crypto market cap is below $2.5 trillion once again.

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OpenSea teased early access to perpetual contracts, with Zack Brenner confirming Hyperliquid may power the planned trading feature.

Dogecoin is extremely close to crossing a bearish threshold that might trigger a further sell-off.

Toncoin (TON) surges 11% after Pavel Durov announces rebrand to GRAM, the token's original name. The transition is phase 4 of TON's revival roadmap. The post Toncoin (TON) Rockets 11% After Pavel Durov Confirms GRAM Rebrand appeared first on Blockonomi.

Best Buy has begun offering Tangem’s crypto self-custody products through BestBuy.com and more than 200 stores across the United States, giving the hardware wallet maker its largest U.S. retail presence to date. According to a press release shared with crypto.news,…

The crash unfolded amid rising DeFi security concerns following recent exploits across bridges and liquidity pools.

Bitcoin drops beneath $70K following MicroStrategy's first BTC sale in years. Stock futures decline as Iran tensions overshadow AI earnings optimism. The post Bitcoin (BTC) Plunges Under $70K While MicroStrategy Offloads Holdings and Markets Retreat appeared first on Blockonomi.

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South African financial regulators have clarified that cryptocurrencies and stablecoins are not legal tender. Crypto Still Excluded From Legal Tender Status South African regulators have reiterated that cryptocurrencies and stablecoins are neither money as defined in the country’s National Payments System Act nor funds, and are therefore not legal tender. In a joint statement, the […]

Grayscale's Hyperliquid ETF (HYPG) nears launch with 0.29% fee as HYPE token hits record $75.30. Third HYPE ETF expected to trade this week. The post Grayscale Prepares Hyperliquid (HYPE) ETF Launch as Token Surges to Record $75.30 appeared first on Blockonomi.

James Howells lost 8,000 Bitcoin worth $600M in a Newport landfill. After years of failed recovery attempts, UK courts ruled against him in 2025. The post The $600 Million Hard Drive: What Became of the Man Behind Crypto’s Most Painful Loss? appeared first on Blockonomi.

Dogecoin partners with Paxos for regulated access through major fintech platforms. DOGE trades at $0.098 with TD Sequential buy signal emerging. The post Dogecoin (DOGE) Gains Institutional Gateway Through Paxos Partnership appeared first on Blockonomi.

Ripple brings RLUSD to Türkiye through BiLira, Bitexen and Bitlo as the stablecoin tops $1.7B market cap less than one year after launch.

More than $80 million has been wagered on a Polymarket market tied to Strategy’s Bitcoin sales, with the outcome now heading to a final dispute process after the company disclosed that it sold 32 BTC before the market’s May 31…

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North Korean TraderTraitor group laundered $220M from Kelp DAO through crypto mixers in six weeks. Only $1.7M remains traceable as legal battles continue. The post TraderTraitor Group Washes $220M Kelp DAO Heist Through Crypto Mixers appeared first on Blockonomi.

Crypto funds lost $1.67B last week, marking the second-largest 2026 outflow. Bitcoin ETFs hit record withdrawals as geopolitical tensions shake markets. The post Crypto Funds Bleed $4.2 Billion in Three-Week Withdrawal Spree appeared first on Blockonomi.

Strategy sold 32 Bitcoin before May 31 but revealed it June 1. Now $79M in Polymarket bets hang on whether execution or disclosure matters most. The post Strategy’s Bitcoin Sale Triggers $79M Polymarket Battle Over Timing Technicality appeared first on Blockonomi.

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For years, the battleground for cryptocurrency regulation in the United States was fought at the state level. Crypto exchanges and custody providers spent millions navigating a fragmented, agonizingly slow state-by-state licensing regime. From New York’s notoriously stringent BitLicense to compliance frameworks in Maine and California, operating a nationwide crypto business meant maintaining dozens of separate relationships [...] The post The National Trust Loophole – How Crypto Giants are Bypassing US State Regulators appeared first on Blockonomi.

After the CLARITY Act cleared key hurdles in the Senate—thanks to successful markup work by both the Agriculture and Banking Committees—the legislation is now entering a narrow stretch of time that could determine whether it reaches the President’s desk this year.  Supporters say the bill’s momentum is real, but the path ahead is tight, both […]

Kelp DAO hacker laundered about $220M in unfrozen funds through privacy channels, leaving roughly $1.7M in original wallets.

Enterprise blockchain firm Ripple has launched its USD-backed stablecoin, Ripple USD (RLUSD), in Turkey.

Mt. Gox has transferred 10,422 BTC worth about $739 million in its first on-chain bitcoin movement since March, raising concerns among market watchers. Arkham Intelligence data shows the defunct exchange moved 10,306 BTC, valued at roughly $730.8 million, from its…

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XRP hits 15-week low at $1.27, down 66% from peak. Bears control momentum as traders watch $1.25 support and potential accumulation zone between $1.10-$1.30. The post XRP Tumbles to 15-Week Low as Selling Pressure Intensifies – Critical Support Zones Ahead appeared first on Blockonomi.

Robinhood (HOOD) finalized its C$250M WonderFi acquisition, adding 300K Canadian crypto users through Bitbuy and Coinsquare. Stock fell 3.8% on closure. The post Robinhood (HOOD) Finalizes $180M WonderFi Deal, Expands Canadian Crypto Presence appeared first on Blockonomi.

Charles Schwab targets mid-2027 crypto spot trading and custody for advisors after launching BTC and ETH trading for retail clients.

Interactive Brokers strategist Steve Sosnick says crypto’s recent wobble has exposed a “ crypto tourist” problem where money that chased performance on the way up is now heading for the exits. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital […]

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Google's parent company, Alphabet, announced plans to raise $80 billion through a stock offering. The funds will be used to scale artificial intelligence infrastructure. The deal includes a public offering of securities worth $30 billion and a phased stock sale program totaling $40 billion, set to launch in the third quarter of 2026. The public offering is divided into mandatory convertible preferred shares ($15 billion) and Class A and C common shares ($15 billion). In a separate private placement, Warren Buffett's holding company will purchase Alphabet securities totaling $10 billion (Class A shares for $5 billion and Class C for $5 billion). Alphabet emphasized that the investment will increase Berkshire's stake, which the organization has been growing since the third quarter of 2025. Representatives of Google's parent company explained that the net proceeds from the offering will cover expenses for expanding global computing capabilities. The need for additional capital is driven by high demand for AI solutions, which already exceeds supply. About $30 billion from the phased placement program will be reserved by Alphabet for tax obligations in the 2026 calendar year. These are related to the vesting of employee stock rewards. The remaining funds will be used for general corporate purposes. Alphabet representatives described this move as part of a "balanced approach" to financing. Earlier, management forecasted that capital expenditures in 2026 would range from $180 billion to $190 billion, with potential growth in 2027. In the first quarter of this year, Alphabet's revenue amounted to $94.7 billion amid the AI boom.

Between May 26 and 31, Strategy sold 32 BTC but disclosed the information only on June 1. This situation sparked a debate within the community regarding the expiration timing of a bet on Polymarket. Since the sale occurred at the end of the previous month and the report was submitted at the beginning of the next, market participants are determining how to accurately set deadlines for the relevant contract.

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Robinhood has completed its $180 million acquisition of WonderFi and entered the Canadian crypto market with access to roughly 300,000 funded customer accounts and two of the country’s largest digital asset trading platforms. According to Robinhood’s announcement on Monday, the…

The S&P 500 climbed 0.26% to a record close of 7,599.96, opening the month with fresh all-time highs across major U.S. indexes, even as bitcoin slipped and trailed the equity rally. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.26% to close at an […]

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Santiment says that “the gap between traditional equities and crypto has become increasingly difficult for traders to ignore.”

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Robinhood will enter Canada after its WonderFi acquisition brought local crypto exchanges Bitbuy and Coinsquare under its control.

Solana (SOL) holds $79.50 as network users fall to 1.9M and historic 8-month losing streak forms. Analysts eye $68.02 support and $83-$87 squeeze zone. The post Solana (SOL) Makes History With Unprecedented 8-Month Losing Streak appeared first on Blockonomi.

Mt. Gox moved 10,423 BTC ($739M) to a new wallet on June 2, the first major transfer in six months. Repayment deadline now extended to Oct. 31, 2025. The post Mt. Gox Transfers $739M in Bitcoin After Six-Month Silence appeared first on Blockonomi.

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Ethereum (ETH) falls below $2,000 as BitMine slows accumulation and ETF outflows continue for a third week. Key support at $1,909 now in focus. The post Ethereum (ETH) Crashes Below $2,000 Amid Weakening Institutional Demand appeared first on Blockonomi.

Bitcoin ETFs have recorded $3.45 billion in net outflows across 11 consecutive trading sessions after another $483.8 million left the funds on Monday, as investors reacted to geopolitical tensions and renewed selling pressure in the crypto market. According to data…

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The Cardano network has generated just $356,400 in transaction fees so far in 2026 — a sharp drop from the $8.35 million it recorded four years ago. That financial backdrop loomed large over the weekend when the Cardano Foundation announced it was canceling its annual Cardano Summit after failing to secure community approval for the […]

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Strategy (MSTR) stock fell 6.5% after liquidating 32 Bitcoin for $2.5M to fund STRC dividends, ending its iconic 'never sell' approach to BTC holdings. The post Strategy (MSTR) Stock Tumbles After Company Sells Bitcoin for First Time in Years appeared first on Blockonomi.

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Grayscale’s Hyperliquid ETF could begin trading as soon as this week after the asset manager updated its registration filing with a ticker symbol and management fee. Bloomberg Intelligence ETF analyst James Seyffart said on X that the product’s launch appears…

A Polymarket trader argues that the rules for MicroStrategy's Bitcoin sale event were intentionally changed after the fact.

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Mt. Gox has transferd over $700 million worth of BTC to a new wallet. What could it mean?

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Bitcoin drops to seven-week low near $70K following Strategy's first BTC sale since 2022 and record $2.97B outflows from spot ETFs over 10 sessions. The post Bitcoin (BTC) Slides to $70K Amid ETF Exodus and Geopolitical Uncertainty appeared first on Blockonomi.

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Bitcoin treasury company Strategy has made its first BTC sale since 2022, putting an end to a 3.5-year phase of only accumulation. Strategy Just Sold Bitcoin Worth $2.5 Million According to an 8-K filing with the US Securities and Exchange Commission (SEC), Strategy just made a Bitcoin sale. The amount involved in the transaction was […]

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The former NBA guard was hit with new federal sports bribery charges over an alleged six-digit kickback he received to manipulate his performance in a 2023 Charlotte Hornets game. The superseding indictment escalates a sweeping federal sports betting probe that has charged 34 defendants since last October. Bribery Charges Add to Existing Wire Fraud Case […]

This significant transfer may impact Bitcoin market dynamics, influencing investor sentiment and potentially affecting cryptocurrency prices. The post Mt. Gox transfers $731M in Bitcoin to new wallet as market eyes $70K support appeared first on Crypto Briefing.

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Ripple Prime has been integrated as a day-one clearing and financing partner for CME Group’s newly launched 24/7 cryptocurrency derivatives marketplace.

Disclaimer ForkLog is not responsible for readers’ investment decisions. In April 2026, spot trading volumes on crypto exchanges fell to their lowest since November 2023, while derivatives reached 77.1% of turnover. It looks almost paradoxical: actual asset trading is shrinking, but appetite for leveraged bets remains high. The shift isn’t driven by market conditions alone. As noted by crypto journalist Colin Wu, perpetual contracts have become embedded in the industry partly because they tap a quirk of the human brain — the same one slot machines have exploited for generations. Here’s how rational trading morphs into gambling — and why it’s harder to step away than it seems. Spot deflates as bets rise A perpetual contract (perpetual, “perp”) is a futures contract with no expiry date. As far back as 1992, economist Robert Shiller floated the idea of a “perpetual” derivative for assets that are hard to price directly, such as real estate. The concept never caught on in traditional finance, but it proved a natural fit for crypto. BitMEX launched a bitcoin perpetual (XBTUSD) on May 13, 2016, and the product quickly became an industry standard. That was the mass-market rollout. The “perp” itself was pioneered earlier — the first inverse perpetual was implemented by ICBIT in 2011. Why crypto specifically? A few reasons: The market runs 24/7 with no weekends or trading sessions, making expiring futures less convenient here; digital assets have no single authoritative price — quotes are scattered across dozens of venues. The funding rate keeps the contract near a spot index, replacing expiry-based settlement; speculation is baked into the culture, and perps offer leveraged access and a way to profit in both directions with a relatively low barrier to entry. According to CoinGlass, bitcoin perpetual volumes steadily exceed spot by 5–10 times. Real asset trades are increasingly giving way to directional wagers. The paradox: a tool designed for hedging and price anchoring has, for the mass user, become a mechanism for rapid-fire betting. Turnover dynamics in spot and derivatives since April 2025, plus derivatives’ share of total volume. Source: CoinDesk. The brain craves uncertainty, not winnings Gambling hooks people not with winnings but with unpredictability. In the mid-20th century, psychologist B. F. Skinner showed that behavior is reinforced most strongly by random rewards — the so‑called variable reinforcement schedule. In his experiments, pigeons that received food after a random number of lever presses pecked more often and persistently than those rewarded on a fixed schedule. What drove them was anticipation born of uncertainty. Students place a pigeon in a Skinner box. Source: Wikipedia.  The same mechanism drives humans, and dopamine is central to it — a neurotransmitter of anticipation, not pleasure per se. These neurons respond less to the reward itself than to the error in predicting it: the more surprising the outcome, the stronger the spike. When a win is guaranteed and predictable, the response is muted. When the result is unknown, the brain fires at full tilt. It’s no accident slot machines long ago overtook card tables and roulette as casinos’ top earners. Anthropologist Natasha Dow Schull, in her study of Las Vegas gambling industry, showed how solitary, continuous, rapid play induces a trance‑like state regulars call the “machine zone.” A slot doesn’t pay on schedule but unpredictably, and that very uncertainty becomes pleasurable. Losses barely sober a player up: the next spin could hit the jackpot. The “near-miss” is especially insidious — when a combination almost lines up. The brain reacts much like it would to a real win, and the hand reaches for the lever again. Neurobiology backs this up: the dopaminergic system is highly sensitive to unpredictable rewards, while it habituates to what’s expected and routine. That helps explain why players fixate on risky, low‑probability bets: the thrill comes from uncertainty itself, not the odds. The win is almost secondary — the brain wants not to know the outcome in advance. Pleasure tied to the unknown can thus sustain itself even without regular rewards. For dependency to form, winnings needn’t be frequent or large — it’s enough that outcomes stay unpredictable. A slot machine in your pocket Perp trading reproduces this variable‑reward loop. Traders place frequent bets with immediate but unpredictable outcomes — essentially spin after spin on price direction. Researchers compare intraday trading with gambling disorder: in both, people repeatedly stake money on unknown outcomes and receive irregular rewards. Each app open and chart refresh works like a slot pull: a position either ticks into profit — even a small one — or bleeds, sometimes all the way to liquidation. Modern trading apps supercharge the effect. Price alerts, flashing P&L; badges, flickering candles — they fragment trading into a nonstop stream of micro‑wins and micro‑losses. Social feeds use the same trick: at any moment the timeline might surface a like, a repost or a riveting post — that very unpredictability keeps many from closing the app. An extra layer comes from the funding rate. Every eight hours, longs and shorts pay each other: when the rate is positive, longs pay shorts; when negative — the reverse. Formally it anchors the contract to spot. Psychologically it’s a small win or loss inside an open position, arriving with the regularity of a machine that dispenses a token payout every few spins. The reward cycle shortens further. Behavioral finance calls the state that follows an “illusion of control” — the belief that constant monitoring and tinkering can steer a fundamentally random process. A trader can’t leave the screen for fear of missing a move — a fixation barely distinguishable from a gambler hovering over the roulette wheel. A casino that never closes Perps trade 24/7 — pushing the thrill to a new level. Traditional exchanges shut overnight and on weekends, offering natural breaks to cool off. Crypto never closes. The casino literally sits in your pocket, its doors unlocked: no breaks, no forced time‑outs to slow the spiral. Leverage turns up the heat. Many venues allow multiples in the dozens and, in places, up to 100x and beyond. That’s akin to raising the slot stake: risk and potential reward soar — as does the urge to go all‑in. Combined with round‑the‑clock access, it becomes an endless high‑speed game where balances swing in seconds and traders’ brains stay on high alert. Researchers note that a 24/7 schedule materially amplifies compulsive trading — people simply don’t get a natural signal to step away. Bets placed in such a mode can prove costly. Analysts warn that if traditional markets move to 24/7, investors will face the same psychological risks as online‑casino users. When the market resembles a round‑the‑clock slot hall, some participants become so dependent they may need medical help. And this isn’t a side effect — it’s the business model. Economically, casinos thrive on nonstop play and high unpredictability — and crypto exchanges mirror those principles. High‑frequency interfaces, leverage tools and 24/7 access ensure there’s always a reason — and a way — to place one more bet. Trading itself gets gamified: the “trade — settle — instant feedback” loop is as gripping as a video game. Why traders lose to themselves It’s not just dopamine. Cognitive biases push retail traders into decisions against their interests. Three core mechanisms: Loss aversion  The pain of loss outweighs the joy of a comparable gain. Instead of realizing a loss, people average down, deny reality or simply close the app to avoid looking. Small cuts turn into a deep hole.Many take profits too early — afraid gains will vanish. Professionals do the opposite: they treat losses as a planned expense, not a personal defeat. Illusion of control  This is the conviction that the market can be outplayed. It motivates hyperactivity that only entangles traders deeper in noise. Experienced players, by contrast, accept that uncertainty can’t be tamed — and rely on risk‑management tools instead of fighting it. Peer pressure  Screenshots of others’ profits and overnight‑riches stories set a “success at any cost” template, while FOMO whispers that the “next 10x” is about to slip away.In such groups, blowing up an account is hardly shameful — a gripping liquidation tale draws sympathy. Emotional, even reckless trading becomes a badge of belonging. A vivid example: in spring 2025, trader James Winn opened a 10,200 BTC long ($1.14 billion at the time) with 40x leverage on Hyperliquid. At the peak, the “paper” profit reached $87 million on roughly $3–4 million of initial capital. Then the very biases above kicked in. After bitcoin fell below $105,000, Winn faced liquidation: the drawdown from the peak totaled $99.3 million — in a single week. He conceded it would have been wiser to keep bitcoin in cold storage. Yet days later he resumed trading, building a new position up to $140 million. Winn blamed his setbacks on a conspiracy — the machinations of market makers and a supposed “deep state” steering prices. He repeatedly announced he was quitting the “Hyperliquid casino,” only to return soon after — pure loss aversion and illusion of control. How the house stays ahead If retail mostly gambles, professionals take the casino’s side. Their strategies rely on positive expected value — a statistical edge that compounds over long series of trades. Common approaches include: 1. Statistical arbitrage. Quant models capture short‑term dislocations in related assets. Market‑neutral positions isolate profits from market direction. High trade frequency and tight risk controls turn many small wins into steady results. 2. Trend following. Entries by strict rules when momentum appears, and decisive stop‑loss exits on reversals. Big wins in strong trends offset small losses — producing a positive expectation. 3. Market making. Continuous two‑sided quotes earn the spread regardless of direction. A very high share of winning trades with minimal margin on each. 4. Non‑directional option strategies. Delta‑ and gamma‑neutral portfolios earn from time decay and risk premia. What unites these strategies isn’t foresight but discipline. Pros cap per‑trade risk at a small slice of equity (typically 0.5%–2%), use stop‑losses and position limits. After losses, they follow the rules and review mistakes instead of trying to “win it back.” That composure — not entry precision — explains the long‑run gap between the groups. The seasoned participant aims to be the house with a statistical edge, not the player at the machine. Math also matters. Fees, spreads and funding steadily leak from traders’ pockets, turning trading into a negative‑expectation game. Those who collect these costs — exchanges and market makers — reliably stay ahead. Just like in a casino. The price of lax discipline shows up at the macro level. In October 2025, the market saw the largest liquidation cascade on record: more than $19 billion in positions were force‑closed in a day. The trigger was a macro shock — the announcement of 100% US tariffs on imports from China — and the fall was amplified by the large stock of leverage in the system. Up to 90% of closures hit longs, with Hyperliquid the epicenter — $10.3 billion. Each downtick triggered new liquidations, which pushed prices lower — a self‑reinforcing spiral. Mass all‑in bets became a systemic risk not just for individual accounts but for the entire market. Is the casino moving on‑chain? Barriers keep falling. Perpetuals are migrating to decentralized venues with no KYC and no intermediaries — everything is non‑custodial, fast and nearly seamless. The segment’s new center of gravity is the Hyperliquid exchange. The leading platform accounts for more than 30% of volume across perp DEXs. Perp DEX rankings by trading volume and open interest. Source: CoinGecko.  The “casino in your pocket” is getting more accessible, but it’s still niche — perhaps the only good news in this story of removing the last brakes. For years, trading has seemed to many the most direct and thrilling path to wealth. You can enter and exit positions anonymously, without trading hours or TradFi intermediaries. Leverage, instant execution and the ability to play both ways complete the picture — making the market look like a perfect arena for endless play. But that very freedom, paired with the siren song of fast riches, quietly blurs trading into gambling. A newcomer believes they’re mastering cutting‑edge finance. In reality, they’re slipping deeper into the psychological trap of speculative dependence. Web3 and the on‑chain world aren’t just a “casino for screen‑glued traders,” but a space to rebuild trust mechanisms, cooperation models and data ownership. DeFi, DAOs, RWA, digital identity, confidential computing and transactions — these are all evolving frontiers. Perp trading is only one lane, not the essence of Web3 or a mandatory route. While retail migrates to derivatives and thrills, the other pole is increasingly visible: institutions and holders who long ago moved coins to cold storage. What makes this world complex and compelling is precisely the lack of one right answer. Speculation and creation coexist, narratives and technologies matter equally, and whales and regulars share the same liquidity pool. Some earn on perpetuals, some exit after their first liquidation. Some build protocols and reshape industries, others find a home in community life. There is no single correct script here. Before visiting the “casino” again, it’s worth asking a simple question: does the silent whale‑hodler who parked bitcoin in cold storage long ago really need to become a trader glued to charts day and night?

Grayscale proposed a fee of 0.29% on its Hyperliquid ETF, which “slightly undercuts” rivals 21Shares and Bitwise that carry respective fees of 0.3% and 0.34%, says analyst James Seyffart.

Bitcoin prices are poised top fall further following the loss of a key cost basis level, according to analysts.

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Radiant Capital has announced plans to wind down operations after failing to recover from a $50 million exploit that devastated the lending protocol and left it without sufficient funding to continue. According to a statement published Monday by Radiant’s decentralized…

Strategy moved roughly 411 Bitcoin — worth about $30 million — to Coinbase Prime on May 29, then pulled the same amount back the very next day. Crypto Banter CEO Ran Neuner read the move as a tax maneuver: buy high, sell low, repurchase, and lock in the paper loss. Related Reading: ‘Now Or Never’ […]

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In 2004, U2 approached Apple about an ad deal, asking to be paid in Apple shares. Steve Jobs refused and instead steered the band into a no-fee campaign built around a special iPod U2 Edition, complete with black casing, red click wheel and engraved signatures. The tie-up drove a hit product and big sales without […]

Robinhood's acquisition of WonderFi enhances its global reach, potentially reshaping Canada's crypto market with increased accessibility and innovation. The post Robinhood completes WonderFi acquisition to bring low-fee crypto trading to Canada appeared first on Crypto Briefing.

Telegram founder Pavel Durov says it is “returning to our roots — and starting a new chapter” by rebranding Toncoin to Gram.

Citi expects tokenized securities and real-world assets to grow from about $17 billion today to $5.5 trillion by 2030. The bank says Treasury bills, digital stocks, and stablecoins could become the main drivers of Wall Street’s move onchain. Citi Highlights Stablecoins, Treasuries and Stocks as Tokenization Leaders Citi expects the market for tokenized securities to […]

A clash has erupted among Polymarket users over the timing and disclosure of a recent Bitcoin sale by Strategy, with more than $80 million traded on the disputed outcome.

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Bitmine is aiming to hold 5% of the total circulating supply of 120.6 million Ether tokens and is about 90% of the way to its target after its latest purchase.

Cryptocurrency exchange Coinbase has launched direct deposit and withdrawal rails for the Indian Rupee (INR), continuing its push into India. Coinbase Users In India Can Now Make Direct INR Netflows According to a website announcement, Coinbase has expanded its offerings in India, allowing users to directly interact with the platform through the nation’s official fiat […]

TLDR: Alphabet plans to raise $80 billion through stock sales to fund its growing AI compute infrastructure needs. Berkshire Hathaway commits $10 billion to Alphabet in a private placement, adding to its existing $20 billion stake. Google Cloud revenue surged 63% year-over-year in Q1 2026, with backlog nearly doubling to over $460 billion. Alphabet and [...] The post Alphabet Plans to Raise $80 Billion Stock Sale to Scale AI Infrastructure appeared first on Blockonomi.

Justin Bons, the CIO of Cyber Capital—described as Europe’s oldest crypto investment fund—used X (previously Twitter) on Monday to deliver a pointed critique of Ethereum (ETH) and its co-founder Vitalik Buterin.  Bons said he views the network’s current direction as a “fatal combination,” arguing that what he sees as centralized control is being paired with […]

The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This might make Solana’s network issuance deflationary during periods of very high activity, according to some estimations. Proposed Solana Tokenomics Might Make SOL Deflationary Solana developer cavemanloverboy has introduced a proposal […]

TLDR: The CBOE Dispersion Index hit 42, its third-highest ever, signaling extreme S&P 500 capital concentration hurting Bitcoin. Binance Research confirms Bitcoin faces its strongest multi-theme capital diversion ever across AI, defense, and commodities. Historical data shows Bitcoin bottomed within zero to twenty weeks after every DSPX peak, with a median recovery of two weeks. [...] The post Why Is Crypto Weak Lately? Equities, Not Crypto, May Hold the Answer appeared first on Blockonomi.

Sui’s mainnet suffered three separate outages across May 28 and May 29 after the network’s 1.72 release exposed edge cases in gas charging and validator restart logic, according to a postmortem from the Sui Foundation. The foundation said the issues have since been resolved, network activity has resumed, and “no user funds were at risk.” […]

Arielle Pennington, SVP of Growth at Avalanche, stressed that the rise in these ticketing transactions before the FIFA World Cup shows how blockchain technology can be adopted in the background, integrating seamlessly into the user experience process without being promoted upfront. Avalanche Facilitates Over 60,000 FIFA World Cup Ticket Transactions The upcoming FIFA World Cup, […]

Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions.

Bitcoin has lost the $75,000 level as selling pressure intensifies and the market faces a wave of uncertainty that has erased the confidence built during the recovery from the April lows. The breakdown is significant, and XWIN Research Japan has identified a development in the long-term holder data that challenges one of the most widely […]

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LAB defied serious insider-dealing and tokenomics allegations to hit a new all-time high of $16.23 on June 1, pushing its year-to-date gains past 12,000%. New All-Time Highs for LAB On June 1, LAB, the token of an AI trading terminal project, jumped to a new all-time high of $16.23, a more than 100% gain from […]

Blockchain security firm CertiK recorded $68.3 million in total crypto losses across May 2026 — making it the third month of the year to fall below the $100 million threshold — but the headline number obscures a darker and more personal dimension to the sector’s security crisis, as physical attacks on crypto holders simultaneously reached […]

XRP is holding critical support around $1.30 as selling pressure tests a level that bulls have been defending through weeks of market uncertainty. The price is at a genuine inflection point — and an Arab Chain analysis tracking Binance inflow data has identified a structural development in May that adds a specific supply-side context to […]

Cheap oil may not return soon, leaving investors, businesses, and consumers exposed to higher costs for longer. A new supply-security premium could keep inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not return soon, and Devere Group CEO Nigel […]

Major cryptocurrencies remained under pressure as Bitcoin, XRP, Shiba Inu and Dogecoin tested key support levels, with bearish momentum continuing to dominate across the market.

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TLDR: CME Group went live with 24/7 crypto futures and options trading on Friday, May 29, 2026. Over 7,200 contracts worth roughly $50M notional were traded during CME’s inaugural weekend session. Bitcoin Volatility futures also expanded to 24/7 trading, offering directional-free volatility exposure. Ripple Prime joined as a day-one clearing partner, noting XRP futures hit [...] The post CME Group Goes 24/7: Crypto Futures and Options Now Trade Around the Clock appeared first on Blockonomi.

However, a failure to defend the current support level may open the door to a deeper correction toward $61,000.

TLDR: TurboQuant compresses AI KV cache memory by up to five times with minimal impact on model quality. The upgrade enables laptops and phones to run longer AI sessions without cloud dependence. QVAC SDK 0.12.0 integrates TurboQuant into Fabric, expanding local AI development options. Tether aims to advance privacy-focused AI by bringing efficient inference closer [...] The post Tether Brings Google’s TurboQuant to Production, Unlocking Long-Context AI on Everyday Devices appeared first on Blockonomi.

TLDR: Telegram CEO Pavel Durov confirmed Toncoin will be rebranded as Gram, its original white paper name. The rebranding process is expected to take three weeks, with The Open Network retaining its TON branding. TON price surged over 13% following Durov’s announcement, reaching a recent trading price of $2.12. Despite a 58% monthly gain, TON [...] The post Telegram CEO Pavel Durov Confirms Toncoin Rebranding to Gram appeared first on Blockonomi.

Binance will let non-U.S. users trade more than 7,000 U.S. stocks and ETFs with zero commissions and fractional purchases. The exchange also plans to introduce “bStocks,” allowing eligible users to tokenize certain equities on BNB Chain. Richard Teng Pushes Binance Into U.S. Equities Binance is moving deeper into traditional finance with a plan to offer […]

AI's integration with crypto news enhances market efficiency, enabling rapid, data-driven trading decisions while mitigating misinformation risks. The post How AI and news work together in crypto appeared first on Crypto Briefing.

Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but early bullish positioning in BTC derivatives may signal the start of a recovery.

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XRP, Solana (SOL), and Cardano (ADA) are among the few cryptocurrencies that analysts believe could be significantly impacted by the upcoming CLARITY Act crypto bill. Recent updates show that the bill is still moving through the approval process, with a Senate vote expected this June. If the legislation is passed, it could mark a major […]

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Anchorage Digital, home to the only federally chartered crypto bank in the United States, has launched Coordinated Multiparty Settlement (CMS) powered by Atlas, a new infrastructure layer designed to bring institutional digital asset trading in line with the market structure that governs traditional finance (TradFi). What CMS Actually Does According to Anchorage’s announcement, the core […]

TON has rallied after Telegram founder Pavel Durov said the network’s native token will revert to its original name, Gram. According to Durov, Gram was the original name of the token in TON’s original white paper, while TON will remain…

Many Democratic lawmakers have said that they will not support any version of a crypto market structure bill without provisions on ethics to address potential conflicts of interest by elected officials.

The integration gives fintech and institutional platforms a new pathway to evaluate DOGE amid signs of slowing crypto adoption.

CME Group launched 24/7 cryptocurrency futures and options trading on May 29, marking the first time retail and institutional traders can access regulated crypto derivatives at any hour, any day of the week. The Chicago-based derivatives exchange announced the expanded hours on June 1, confirming that more than 7,200 contracts traded over the inaugural weekend, […]

TLDR: Binance Bitcoin reserves grew 5.1%, rising from 617,000 BTC to 648,600 BTC between April 25 and June 1, 2026. Ethereum holdings on Binance climbed 10.4%, adding 350,000 ETH during the same five-week observation period. Combined USDT and USDC reserves on Binance dropped $3.87 billion, reducing available spot market buying power significantly. Bitcoin fell below [...] The post Binance Bitcoin Reserves Surge 5.1% While Stablecoin Liquidity Shrinks $3.87B, Pushing BTC Below $71K appeared first on Blockonomi.

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CME Group has drawn about $50 million in notional volume during the first weekend of its new 24/7 cryptocurrency futures and options trading service. According to CME Group’s official update, more than 7,200 crypto futures and options contracts changed hands…