Today's Crypto and Bitcoin News

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Saturday2026/0606
06-01

White Hat Hacker Recovers $2M in ETH Stuck in the 2016 HongCoin ICO Contract

HuoXing Finance reports, according to The Block, a developer using the pseudonym Florent employed white-hat hacking techniques to rescue approximately 1,003 ETH (valued at around $2 million) that had been locked in the 2016 HongCoin ICO contract for nine years. The ICO was designed to automatically ...

HYPE's largest short seller, Loracle, reduces its short position to $60 million, as the market monitors its $59 million spot transactions.

Huo Xing Finance reports that, as of June 1, according to Hyperinsight monitoring, the largest short position holder of HYPE, trader Loracle, has been reducing their short position for over 36 hours, decreasing from $108 million to $60 million, with an unrealized loss of $22.5 million on the remaini...

White Hat Hacker Recovers $2M in ETH Stuck in 2016 ICO Contract

ChainCatcher report, according to The Block, a developer known as Florent used white-hat hacking techniques to help recover approximately 1,003 ETH (valued at around $2 million) that had been locked in the 2016 HongCoin ICO contract for nine years. The ICO was designed to automatically refund funds ...

Bitcoin Volatility Drops to 35, Signaling Institutional Maturity

Bitcoin’s volatility now sits near 35, a sharp drop from the 120 peak it reached in 2017. Far from interpreting the calm as exhaustion, Trace Mayer —creator of the Mayer Multiple— argues the digital asset is building economic substance and attracting more disciplined capital.“Gary Gensler said he wa...

Alibaba Integrates AI into Retail, ByteDance Focuses on Long-Term Research

In the last week of May, two adjacent events in the AI industry placed the two approaches of China’s tech giants on the same table.On May 11, Alibaba’s Qwen app was fully integrated with Taobao—users can now chat and shop within Qwen, or directly use AI features such as virtual try-on, AI price comp...

NYDIG: Blackstone’s $1.26B IBIT Block Trade May Signal Large Investor Exit

CryptoNews.com, June 1: 1. NYDIG: BlackRock’s IBIT $1.26 billion block trade may indicate rapid exit by large investors; 2. XBIT DEX: U.S. Financial Services Committee focuses on tokenization; 3. Coinbase launches Indian Rupee direct trading service, targeting a $3 billion crypto market; 4. ...
05-31

KITE Rallies 10% Amid Rising Volume and Open Interest

Kite [KITE] returned to traders’ watchlists after posting a double-digit gain over the last day. The token rallied 10%, reclaiming key EMA levels and improving its short-term market structure.The move was not driven by price action alone. Trading activity picked up sharply, with both Volume and Open...

Coinbase Launches Direct INR Support in India to Tap $3 Billion Crypto Market

Nasdaq-listed Coinbase exchange announced Monday a major market move: the launch of direct rails for Indian rupees (INR).Starting June 1, 2026, the exchange's Indian customers can deposit and withdraw rupees directly from their bank accounts via the Immediate Payment Service (IMPS), a move designed ...

BNB, ADA, SOL, and DOT Show Technical Strength Amid Altcoin Recovery

BNB maintained strong support levels while trading activity increased across its ecosystem.ADA and SOL recorded improving technical structures after recent market recoveries.DOT regained market attention as broader altcoin sentiment turned positive again.The overall sentiment in the cryptocurrency m...

Hyperliquid's HYPE Surpasses $70 Amid Whale Accumulation and Arthur Hayes' $150 Target

Fresh demand continued driving Hyperliquid’s [HYPE] higher throughout May as buyers steadily absorbed supply across repeated pullbacks. Earlier consolidation near $54 provided a strong foundation.From there, rising volume and persistent accumulation pushed the price through multiple resistance zones...

US and UK Central Bankers Diverge on Stablecoin Regulation

Federal Reserve Governor Christopher Waller signaled that the rising use of dollar-backed stablecoins could extend the United States’ monetary influence, potentially importing US monetary conditions into other economies as these tokens gain traction globally. Speaking at the 32nd Dubrovnik Economics...

Why More AI Agents Don't Always Mean Higher Productivity

Editor’s Note: As AI agents become cheaper and easier to invoke, software development is entering a new phase: the question is no longer whether we can launch more agents, but whether humans still have enough attention to manage, evaluate, and integrate their outputs.This article introduces an insig...

Anti-AI sentiment creates new opportunities for search and startups

CoinDesk reports:Foreign media commentaries suggest that the debate surrounding AI is spreading from the tech community to a broader user market. TechCrunch, in an opinion piece, noted that after Google continued integrating AI features into its search engine, some users have begun shifting to alter...

Satoshi-Era Bitcoin Wallet Moves 20 BTC After 15.8 Years

A Satoshi-era Bitcoin wallet that sat untouched since August 2010 moved 20 BTC on Sunday, ending 15.8 years of total dormancy. The transfer, worth roughly $1.47 million at current prices, drew immediate attention from on-chain analysts.Galaxy Research first flagged the event in block 951828, mined a...

Crypto Gainers Of The Week: H, XLM, DEXE, INJ, FET Surge In Price

Today, crypto market analyst CoinMarketCap highlighted top-performing cryptocurrencies over the week, with fresh names appearing at the top of the list, indicating assets that currently grab investor interest. The CMC data identified emerging crypto assets that outperformed established ones, includi...

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