Author: James Wilson
Ethereum co-founder Joseph Lubin defended Vitalik Buterin after some community members questioned Buterin’s decision to write a science-fiction novel focused on decentralized governance. Summary Joseph Lubin called Vitalik Buterin Ethereum’s key steward while defending his governance fiction project publicly. Crypto.news earlier reported Buterin paused regular essays to write science fiction about decentralized governance online. The debate comes as Ethereum faces price pressure and renewed questions over Foundation direction online. Lubin called Buterin “an enormously effective communicator” and described him as “the most important contributor to and steward of the Ethereum ecosystem.” His comments came after online debate over whether the…
Bitcoin recovered above $64,000 over the weekend after Friday’s drop below $62,400, but the wider crypto market still showed limited momentum. Summary Bitcoin reclaimed $64K after Friday’s pullback, but the wider market still showed limited weekend momentum. LAB and AERO led altcoin gains, while Ethereum, XRP and HYPE showed weaker momentum Sunday. ETF outflows and Hormuz risk kept Bitcoin traders focused on $62K support and $67K resistance. According to crypto.news market data, Bitcoin traded near $64,166 at press time, up 0.77% over 24 hours. The move came as traders watched U.S.-Iran ceasefire talks, renewed Strait of Hormuz risk and continued…
Bitcoin traded near $64,000 on Sunday after recovering part of Friday’s sell-off, but the rebound has not yet changed the wider range. Summary Bitcoin traded near $64,008, up 0.87% daily, while staying almost flat on the week overall. Galaxy Research said Bitcoin ETFs posted a record $6.35B outflow across the latest 30-day window. Analysts are watching $62K support and $67K resistance as macro risks steer near-term Bitcoin direction. According to crypto.news market data, Bitcoin traded around $64,008, up 0.87% over 24 hours. The page showed a 24-hour range between $63,188 and $64,462, with daily volume above $16.6 billion. Bitcoin’s seven-day…
Pump.fun’s new GO bounty feature is facing fresh criticism after reports said users completed or posted tasks involving tattoos, public humiliation and high-risk stunts for crypto rewards. Summary Pump.fun’s GO feature has paid over $370,000 while hundreds of bounties remain open online. Reported tasks range from charity actions to forehead tattoos, job quitting videos and risky stunts. Critics say crypto rewards can pressure vulnerable users into unsafe or humiliating public behavior online. The Solana meme coin launchpad introduced GO in early June as a marketplace where users can create paid tasks and lock rewards in escrow. According to the New…
Arthur Hayes has sold 6,000 Ethereum at a loss after accumulating nearly $10.6 million worth of ETH in recent days, even as other large investors continue adding to their holdings around a major support zone. Summary Arthur Hayes sold 6,000 ETH at a $606,000 loss after accumulating nearly $10.6 million worth of Ethereum days earlier. Lookonchain data shows K3 Capital and a Chun Wang-linked wallet acquired more than 17,000 ETH despite recent weakness. Technical indicators and liquidation data place Ethereum at a critical support zone near $1,700, with major liquidity sitting around $1,800. According to blockchain tracking platform Lookonchain, the…
Charles Schwab has entered the prediction markets business through a partnership with Cboe Global Markets, introducing new contracts tied to the performance of the S&P 500. Summary Charles Schwab is partnering with Cboe to launch S&P 500 prediction-style options contracts in the coming months. The new product will use options contracts, differing from the futures-based markets offered by Kalshi and Polymarket. Schwab’s prediction market push comes as the firm expands crypto services for both retail investors and financial advisors. According to a Wall Street Journal report, the brokerage firm is working with Cboe to launch all-or-nothing options contracts that allow…
Bitcoin has climbed back above $63,000 after reports of an Israel-Hezbollah ceasefire have renewed expectations that stalled diplomatic talks between the United States and Iran could resume before the end of June. Summary Bitcoin briefly reclaimed $63,000 after reports of an Israel-Hezbollah ceasefire improved market sentiment. Polymarket traders continue to expect U.S.-Iran talks before month-end despite recent disruptions. Analysts and on-chain data suggest downside risks remain despite the geopolitical relief rally. According to Reuters, Israel and Hezbollah have agreed to a ceasefire that is set to take effect on Friday, citing a senior U.S. official. The development comes days after…
Sonic Labs has announced a leadership overhaul after the S token extended its long-running decline, with former chief technology officer Andre Cronje joining two other senior figures in stepping down from the organization’s board. Summary Andre Cronje, Michael Kong, and David Richardson have stepped down from Sonic Labs’ board. Sonic Labs appointed new executives and launched governance reforms amid community concerns. S token remains under pressure, with technical indicators pointing to continued bearish momentum. According to Sonic Labs, Andre Cronje, former Fantom Foundation chief executive Michael Kong, and executive chairman David Richardson have resigned from the board as the company…
Bitcoin has climbed more than 2% to $63,770 after a ceasefire agreement between Israel and Hezbollah helped ease market fears and pushed oil prices toward an 8% weekly decline. Summary Bitcoin price climbed 2.4% as a ceasefire deal and falling oil prices improved risk appetite. A symmetrical triangle breakout above $64,760 could open the door to a move toward $80,000. ETF outflows continue, but liquidation clusters above current prices could fuel further gains. According to crypto.news data, Bitcoin (BTC) price climbed 2.4% to an intraday high of $63,770 on June 20 before easing slightly to around $63,600. The move followed…
Jake Chervinsky has accused CME Group of using a lawsuit against U.S. crypto perpetual futures to protect its position in a market where the exchange reportedly controls about 92% of exchange-traded derivatives volume. Summary Jake Chervinsky called CME’s lawsuit against the CFTC a “shocking miscalculation” and an “unforced error.” Hyperliquid Policy Center cited Better Markets data showing CME controls about 92% of U.S. exchange-traded derivatives volume. CME argues crypto perpetual futures should be regulated as swaps, while regulators are reviewing derivatives definitions under Dodd-Frank. According to Jake Chervinsky, chief executive of the Hyperliquid Policy Center, CME’s legal challenge against the…