Today's Crypto and Bitcoin News
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Sunday2026/06
06-01
Kyle Samani Declares Web3 Dead, Highlights DeFi and DePIN as Core Sectors
Multicoin Capital co-founder and Forward Industries Chairman Kyle Samani declared that “Web3 is dead,” arguing that only DeFi and DePIN remain as meaningful sectors in the cryptocurrency industry.KEY POINTSWho: Kyle Samani, co-founder of Multicoin Capital and Chairman of Forward IndustriesWhat: Stat...
Plaintiff Claims Ownership of 39,069 Bitcoin Addresses, Including 21,744 Linked to Satoshi Nakamoto
Originally fromGalaxyCompiled / Odaily Planet Daily Golem (@web 3_golem)Who would have thought that Bitcoin’s creator, Satoshi Nakamoto, would one day face legal action, with the “ownership” of his wallet address potentially being taken away? And right now, as you’re reading this, you might also be ...
Expert Outlines Macro Thesis for XRP Reaching $1,000
Jake Claver has outlined his macro thesis for why XRP could eventually reach $1,000, arguing in a May 31 interview with MissCrypto that the asset may benefit from a rare convergence of global liquidity stress, stablecoin regulation, tokenization and real-time settlement demand.Claver acknowledged th...
Sui Mainnet Halted 3 Times in 48 Hours Due to Gas-Charging Edge Case
Sui mainnet was halted three times over 48 hours last week after an upgrade introduced a rare edge case in the chain’s gas-charging logic, the Sui Foundation said in a post‑mortem published Sunday. The outages — clustered across May 28–29 — were all linked to a new feature shipped in the v1.72 relea...
Aave Tightens Collateral Rules After $230M rsETH Exploit via LayerZero Bridge
Aave is rewriting the rulebook after the biggest DeFi exploit of 2026 exposed a hidden systemic risk: not buggy lending code, but a compromised cross-chain bridge.
What happened
- In April, attackers exploited KelpDAO’s rsETH — a “restaked” ether token that represents users’ re-used staked ETH — by...
U.S. Spot Bitcoin ETFs Experience $240.6M Net Outflow in May, IBIT Leads with $1.41B Withdrawal
Huoxing Finance reports that, according to Farside Investors data, U.S. spot Bitcoin ETFs recorded a combined net outflow of $2.406 billion in May. BlackRock’s IBIT led the outflows with a net outflow of $1.411 billion; Grayscale’s GBTC saw a net outflow of $330 million, ARKB $314 million, and FBTC ...
MYX Finance Breaks Above Key Support, Eyes $0.30 Target
The capitulation low on the 23rd of May continues to shape MYX Finance’s [MYX] recovery structure.Earlier, the price collapsed from nearly $0.28 to a panic-driven low around $0.165, triggering a high-volume liquidity sweep that flushed weaker sellers from the market. However, selling pressure faded...
Chinese Banks Turn Net Borrowers as Liquidity Easing Begins
For months, China’s banking system has been swimming in cash it couldn’t push out the door fast enough. Loan demand stayed stubbornly weak, monetary policy remained accommodative, and banks sat on piles of liquidity with nowhere productive to park it.That dynamic just shifted. Chinese banks have bec...
Tesla Rescinds Threat to Terminate Graphite Supply Deal with Syrah Resources
Tesla has withdrawn its threat to terminate a critical graphite supply agreement with Australia’s Syrah Resources, ending a tense standoff that dragged on for nearly a year and involved four separate deadline extensions. The resolution came on May 31, just one day before the final cure deadline of J...
Cango Q1 2026 Revenue Reaches $102M, Launches EcoHash AI Mining Platform
Huo Xing Cai Jing reports that on June 1, U.S.-listed mining company Cango Inc. (NYSE: CANG) released its first-quarter 2026 financial results. In Q1 2026, Cango generated total revenue of $102 million, with Bitcoin mining contributing $98.4 million and producing a total of 1,266 Bitcoin. The compan...
Investor Serenity Labels XFAB as Undervalued Due to Growth Potential in SiC, GaN, and Silicon Photonics
ME News report, June 1 (UTC+8): "Stock God" Serenity posted insights on the investment thesis for Belgian wafer foundry XFAB. He believes that as demand grows for 800V power architectures, AI data centers, and power semiconductors, the SiC (silicon carbide) and GaN (gallium nitride) supply chains ar...
Senator Lummis Warns CLARITY Act Will Decide America's Crypto Leadership
Story HighlightsSenator Lummis says CLARITY Act will determine America's future role in finance.Meanwhile, Lummis fears China, Singapore, and UAE could gain crypto leadership.Trump backs legislation, aiming to make America crypto capital globally.The race to define crypto regulation in the United St...
SoftBank Drives Nikkei 225 to 67,000 as Japan's Most Valuable Firm
Japan’s benchmark Nikkei 225 index blew past 67,000 for the first time on June 1, closing the midday session at 67,038.24 after touching an intraday high of 67,231.28. The catalyst was not a broad-based rally. It was overwhelmingly one stock: SoftBank Group.SoftBank shares surged 10.3% in a single s...
Coinbase Launches Direct INR Deposits and Withdrawals in India
Indian users can now deposit and withdraw INR via IMPS, eliminating the need for peer-to-peer payment workarounds.Coinbase offers dedicated INR order books alongside access to spot markets and perpetual futures trading products.The rollout follows Coinbase’s FIU-IND registration and compliance with ...
Citi Predicts a $5.5 Trillion Tokenized Securities Market by 2030
Hu 火星 Finance reports that on June 1, Citibank, in its newly released report “Tokenization 2030: Wall Street On-Chain,” forecasts that the market size of tokenized real-world assets (RWAs) will grow from the current approximately $17 billion to $5.5 trillion by 2030. Depending on varying adoption sc...
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