As BTC Tests $62,000, How Low Can Bitcoin Go?

Bitcoin continued to slide lower on Thursday, exacerbating losses across the entire crypto market with no clear signs of a bottom. The leading crypto has dropped roughly 17% over four days, from nearly $74,000 on Monday to Thursday’s intraday low of $61,556, according to CoinGecko data. In under four days, total crypto market liquidations hit $4.47 billion, with bullish bets contributing $3.82 billion–roughly 93% of all positions wiped. At time of publication, BTC remains underwater, trading at...

Bitcoin continued to slide lower on Thursday, exacerbating losses across the entire crypto market with no clear signs of a bottom. The leading crypto has dropped roughly 17% over four days, from nearly $74,000 on Monday to Thursday’s intraday low of $61,556, according to CoinGecko data. In under four days, total crypto market liquidations hit $4.47 billion, with bullish bets contributing $3.82 billion–roughly 93% of all positions wiped. At time of publication, BTC remains underwater, trading at...

Morning Minute: Crypto Crashes, New Lows In Sight

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors crash 7-10%; BTC at $62,600 Arthur Hayes says he sold his entire HYPE & NEAR positions, cites looming market top Recent alt winners HYPE, ZEC, NEAR and VVV all give back 10-20% Tom L...

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors crash 7-10%; BTC at $62,600 Arthur Hayes says he sold his entire HYPE & NEAR positions, cites looming market top Recent alt winners HYPE, ZEC, NEAR and VVV all give back 10-20% Tom L...

US Bitcoin Reserve Moving Ahead at ‘Deliberate Speed’: Bessent

U.S. Treasury Secretary Scott Bessent told a Wednesday hearing of the Senate Finance Committee that his department is proceeding with "deliberate speed" on President Donald Trump's order to establish a strategic Bitcoin reserve. During questioning about implementation challenges, Bessent emphasized the administration's methodical approach to the unprecedented initiative. "We are making sure that as we are doing this complicated process, that we use best practices and things will be durable for t...

U.S. Treasury Secretary Scott Bessent told a Wednesday hearing of the Senate Finance Committee that his department is proceeding with "deliberate speed" on President Donald Trump's order to establish a strategic Bitcoin reserve. During questioning about implementation challenges, Bessent emphasized the administration's methodical approach to the unprecedented initiative. "We are making sure that as we are doing this complicated process, that we use best practices and things will be durable for t...

Coinbase Launches Pre-IPO Perps, Starting with Elon Musk's SpaceX

Cryptocurrency exchange Coinbase is rolling out a perpetual futures product for pre-initial public offering (IPO) companies, allowing traders to speculate on a company's valuation before its debut. The first pre-IPO company to be traded on the platform is Elon Musk's aerospace company, SpaceX. The SpaceX pre-IPO will be settled using the USDC stablecoin, can be traded 24/7, and all positions will automatically translate when the IPO is complete. That means traders could make massive profits or l...

Cryptocurrency exchange Coinbase is rolling out a perpetual futures product for pre-initial public offering (IPO) companies, allowing traders to speculate on a company's valuation before its debut. The first pre-IPO company to be traded on the platform is Elon Musk's aerospace company, SpaceX. The SpaceX pre-IPO will be settled using the USDC stablecoin, can be traded 24/7, and all positions will automatically translate when the IPO is complete. That means traders could make massive profits or l...

Tom Lee’s BitMine Plans $300M Preferred Stock Sale for ETH Treasury Push

Ethereum treasury firm BitMine is seeking to raise up to $300 million through the sale of 3 million preferred shares to support ETH purchases, staking, validator infrastructure, and related investments. If BitMine’s board approves the payments, the Series A preferred shares would have a $100 stated amount and pay a 9.50% annual cash dividend in weekly installments, according to a preliminary prospectus filed with the SEC on Wednesday. BitMine has applied to list the shares on the NYSE under the...

Ethereum treasury firm BitMine is seeking to raise up to $300 million through the sale of 3 million preferred shares to support ETH purchases, staking, validator infrastructure, and related investments. If BitMine’s board approves the payments, the Series A preferred shares would have a $100 stated amount and pay a 9.50% annual cash dividend in weekly installments, according to a preliminary prospectus filed with the SEC on Wednesday. BitMine has applied to list the shares on the NYSE under the...

The Best AI Models Still Encourage 'Harmful Intimacy' With Chatbots, Study Funds

As people increasingly turn to AI chatbots for advice, companionship, and emotional support, a new study suggests that even the most advanced models still struggle to maintain healthy boundaries with users. The study by researchers at the University of Southern California introduced EUDAIMONIA, a benchmark designed to measure what they call undesirable dynamics in human-AI conversations. “Large language models are increasingly used as conversational partners for companionship, emotional disclos...

As people increasingly turn to AI chatbots for advice, companionship, and emotional support, a new study suggests that even the most advanced models still struggle to maintain healthy boundaries with users. The study by researchers at the University of Southern California introduced EUDAIMONIA, a benchmark designed to measure what they call undesirable dynamics in human-AI conversations. “Large language models are increasingly used as conversational partners for companionship, emotional disclos...

Cardano Slumps to 5-Year Low Price as Charles Hoskinson Warns of 'Wave of Failures'

Following the sunsetting of Cardano analytics firm TapTools, network founder Charles Hoskinson warned that more firms in the ecosystem will likely shut down this year as the market squeezes Cardano (ADA) and the broader crypto ecosystem.  The network’s token, ADA, is down a further 6% in the last 24 hours, recently changing hands at $0.20—a more than five-year low price for one of crypto’s most prominent tokens. ADA is now down around 70% in the last year of trading, and more than 93% from its...

Following the sunsetting of Cardano analytics firm TapTools, network founder Charles Hoskinson warned that more firms in the ecosystem will likely shut down this year as the market squeezes Cardano (ADA) and the broader crypto ecosystem.  The network’s token, ADA, is down a further 6% in the last 24 hours, recently changing hands at $0.20—a more than five-year low price for one of crypto’s most prominent tokens. ADA is now down around 70% in the last year of trading, and more than 93% from its...

Tether Debuts Tokenized Gold Stablecoin Visa Card That Pays Out Crypto Rewards

Leading stablecoin issuer Tether is looking to flip the script on gold’s store-of-value framing, making its tokenized version of the commodity the key medium of exchange for a new Visa card.  Made in collaboration with digital banking firm Fasset, the card will allow users to spend their Tether Gold (XAUT) holdings anywhere Visa is accepted worldwide.  “Historically, gold has been a store of value, not a medium of exchange,” said Tether CEO Paolo Adroino, in a statement. “This initiative change...

Leading stablecoin issuer Tether is looking to flip the script on gold’s store-of-value framing, making its tokenized version of the commodity the key medium of exchange for a new Visa card.  Made in collaboration with digital banking firm Fasset, the card will allow users to spend their Tether Gold (XAUT) holdings anywhere Visa is accepted worldwide.  “Historically, gold has been a store of value, not a medium of exchange,” said Tether CEO Paolo Adroino, in a statement. “This initiative change...

AI Lawyers Are Already Better Than Law Professors at Reasoning—Say Law Professors

Law professors preferred answers generated by artificial intelligence over answers written by fellow professors, according to a recent study led by Stanford University that examined how large language models perform on legal reasoning tasks. In the study, 16 professors from 14 U.S. law schools—including Stanford, Yale, New York University, the University of Chicago, Georgetown, UCLA, and the University of Virginia—created 40 contract law questions covering legal doctrine, case law, hypothetical...

Law professors preferred answers generated by artificial intelligence over answers written by fellow professors, according to a recent study led by Stanford University that examined how large language models perform on legal reasoning tasks. In the study, 16 professors from 14 U.S. law schools—including Stanford, Yale, New York University, the University of Chicago, Georgetown, UCLA, and the University of Virginia—created 40 contract law questions covering legal doctrine, case law, hypothetical...

Hermes Ends AI Agent Terminal Era With Release of Official Desktop App

Nous Research shipped Hermes Desktop yesterday as a public preview, and now the self-improving agent that the AI community has been obsessing over has an official front door. No terminal or config files. Just download, install, and run. Previously, if you wanted to run Hermes with any kind of visual interface, you had to find it yourself. The community had built some genuinely impressive options—we covered four of the best ones last month—but all of them were unofficial, third-party GUIs, SSH c...

Nous Research shipped Hermes Desktop yesterday as a public preview, and now the self-improving agent that the AI community has been obsessing over has an official front door. No terminal or config files. Just download, install, and run. Previously, if you wanted to run Hermes with any kind of visual interface, you had to find it yourself. The community had built some genuinely impressive options—we covered four of the best ones last month—but all of them were unofficial, third-party GUIs, SSH c...

Someone Just Redeemed a 15-Year-Old Physical Bitcoin, Scoring $1.78 Million in BTC

A 15-year-old treasure was awoken when a physical coin embedded with the private key to a Bitcoin wallet was activated on-chain Tuesday, giving the coin's owner access to about $1.78 million in Bitcoin. The collectible, a part of the Casascius Physical Bitcoins, contained a private key to access a wallet holding 25 BTC—which was collectively worth less than $100 when it was created in December 2011, according to data from Casascius Tracker.  The physical coins, created by Bitcoin enthusiast and...

A 15-year-old treasure was awoken when a physical coin embedded with the private key to a Bitcoin wallet was activated on-chain Tuesday, giving the coin's owner access to about $1.78 million in Bitcoin. The collectible, a part of the Casascius Physical Bitcoins, contained a private key to access a wallet holding 25 BTC—which was collectively worth less than $100 when it was created in December 2011, according to data from Casascius Tracker.  The physical coins, created by Bitcoin enthusiast and...

Perplexity Wants Your Laptop to Do Part of the AI Work—So It Doesn't Have To

Perplexity CEO Aravind Srinivas took the stage at Computex 2026 in Taipei on June 2 alongside Intel CEO Lip-Bu Tan to announce what the company calls the first hybrid local-server inference orchestrator. The system, coming to Perplexity Computer in July, automatically decides which parts of an AI task to run on your machine and which parts get routed to more powerful models in the cloud—without asking you to choose. “Today we're announcing the next step for Personal Computer: the first hybrid l...

Perplexity CEO Aravind Srinivas took the stage at Computex 2026 in Taipei on June 2 alongside Intel CEO Lip-Bu Tan to announce what the company calls the first hybrid local-server inference orchestrator. The system, coming to Perplexity Computer in July, automatically decides which parts of an AI task to run on your machine and which parts get routed to more powerful models in the cloud—without asking you to choose. “Today we're announcing the next step for Personal Computer: the first hybrid l...

Why Ethereum Could Tank Another 25% Before Finding a Bottom: Analysis

If you've been tracking crypto prices over the last couple days, you already know the broader picture: the market is getting hammered. Bitcoin cratered below $67,000, its worst level since April, and ETFs are bleeding. But while things aren’t looking great for Bitcoin in the near term, Ethereum—the second largest crypto asset by market capitalization—is getting hit worse. Ethereum fell below $2,000 on June 2 and hasn't looked back. There are several possible reasons, beyond the typical macroeco...

If you've been tracking crypto prices over the last couple days, you already know the broader picture: the market is getting hammered. Bitcoin cratered below $67,000, its worst level since April, and ETFs are bleeding. But while things aren’t looking great for Bitcoin in the near term, Ethereum—the second largest crypto asset by market capitalization—is getting hit worse. Ethereum fell below $2,000 on June 2 and hasn't looked back. There are several possible reasons, beyond the typical macroeco...

As Oil Moves Higher, Bitcoin Sinks to Lowest Price Since March

The crypto market fell alongside U.S. stocks on Wednesday as oil prices ticked higher on renewed skirmishes in the Middle East, with Bitcoin hitting a more than two-month low. The leading digital asset by market cap dropped 2.4% midday to a recent price of $65,699 after falling as low as $65,590—its lowest price since late March, according to CoinGecko. Ethereum and Solana meanwhile fell about 5% each to $1,830 and $72, respectively. U.S. Central Command reported late on Tuesday that the milita...

The crypto market fell alongside U.S. stocks on Wednesday as oil prices ticked higher on renewed skirmishes in the Middle East, with Bitcoin hitting a more than two-month low. The leading digital asset by market cap dropped 2.4% midday to a recent price of $65,699 after falling as low as $65,590—its lowest price since late March, according to CoinGecko. Ethereum and Solana meanwhile fell about 5% each to $1,830 and $72, respectively. U.S. Central Command reported late on Tuesday that the milita...

World Cup Crypto Scams Are Targeting Soccer Fans, Law Enforcement Warns

Soccer fans should think twice before sending cryptocurrency to anyone offering World Cup tickets online, law enforcement agencies warn. In a post on X on Wednesday, the Los Angeles County Sheriff's Department warned that scammers are using fake World Cup ticket sales, hospitality packages, merchandise offers, streaming services, and betting promotions to steal money and personal information, with cryptocurrency payments among the clearest signs of fraud. “Be cautious of sellers requesting paym...

Soccer fans should think twice before sending cryptocurrency to anyone offering World Cup tickets online, law enforcement agencies warn. In a post on X on Wednesday, the Los Angeles County Sheriff's Department warned that scammers are using fake World Cup ticket sales, hospitality packages, merchandise offers, streaming services, and betting promotions to steal money and personal information, with cryptocurrency payments among the clearest signs of fraud. “Be cautious of sellers requesting paym...

Walrus Memory Enables AI Agents to ‘Actually Learn About Us’: Mysten Labs Co-Founder

Agentic memory is “a mirror of ourselves,” says Kostas Chalkias, Co-Founder and Chief Cryptographer at Mysten Labs, original contributors to Walrus. In an ideal world, that memory should be portable, with AI agents coordinating and carrying context between apps and sessions—but to date they’ve been hamstrung by the limitations of memory. Developers building AI agents have been left to stitch together databases, vector stores, and runtime state, resulting in unreliable systems that struggle to co...

Agentic memory is “a mirror of ourselves,” says Kostas Chalkias, Co-Founder and Chief Cryptographer at Mysten Labs, original contributors to Walrus. In an ideal world, that memory should be portable, with AI agents coordinating and carrying context between apps and sessions—but to date they’ve been hamstrung by the limitations of memory. Developers building AI agents have been left to stitch together databases, vector stores, and runtime state, resulting in unreliable systems that struggle to co...

Mastercard Expands Stablecoin Settlement via Circle's USDC, Ripple's RLUSD and Beyond

Global finance giant Mastercard is pushing stablecoins further into the mainstream with its latest enhancement, which will offer expanded settlement capabilities of credit card transactions via regulated stablecoins like Ripple’s RLUSD and Circle’s USDC.  The firm’s expansion creates options for issuers and acquirers to settle with additional intraday, holiday, and weekend card settlements, as the firm pursues a true 24/7 economy.  “The next phase of stablecoin adoption is about real-world util...

Global finance giant Mastercard is pushing stablecoins further into the mainstream with its latest enhancement, which will offer expanded settlement capabilities of credit card transactions via regulated stablecoins like Ripple’s RLUSD and Circle’s USDC.  The firm’s expansion creates options for issuers and acquirers to settle with additional intraday, holiday, and weekend card settlements, as the firm pursues a true 24/7 economy.  “The next phase of stablecoin adoption is about real-world util...

Stripe Millionaire Loses Bid for Congress to Candidate Backed by Ripple Co-Founder

Saikat Chakrabarti, a founding engineer at payment processor Stripe, lost his bid for Congress in California on Tuesday, failing to muster more votes than Scott Wiener, a candidate significantly backed by Ripple co-founder and Executive Chairman Chris Larsen. With 50% of votes tallied, Democrats Wiener and Connie Chan advanced from an all-party race and were set to square off to succeed Nancy Pelosi as representative for California's 11th Congressional District, per NBC News. As of writing, Cha...

Saikat Chakrabarti, a founding engineer at payment processor Stripe, lost his bid for Congress in California on Tuesday, failing to muster more votes than Scott Wiener, a candidate significantly backed by Ripple co-founder and Executive Chairman Chris Larsen. With 50% of votes tallied, Democrats Wiener and Connie Chan advanced from an all-party race and were set to square off to succeed Nancy Pelosi as representative for California's 11th Congressional District, per NBC News. As of writing, Cha...

Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?

Bitcoin is off to a shaky start in June, dropping roughly 10% from $74,000 to $65,400 as headwinds pile, but the outlook remains firmly fixated on the impact of Strategy’s first BTC sale since 2022. The Bitcoin treasury firm revealed in an 8-K filing Monday that it had sold 32 BTC the previous week, sparking heated debate on crypto Twitter. Michael Saylor's Bitcoin Treasury Firm Strategy Sells 32 BTC for $2.5M The move marked a reversal of Strategy’s long-held “Never sell your Bitcoin” stance, w...

Bitcoin is off to a shaky start in June, dropping roughly 10% from $74,000 to $65,400 as headwinds pile, but the outlook remains firmly fixated on the impact of Strategy’s first BTC sale since 2022. The Bitcoin treasury firm revealed in an 8-K filing Monday that it had sold 32 BTC the previous week, sparking heated debate on crypto Twitter. Michael Saylor's Bitcoin Treasury Firm Strategy Sells 32 BTC for $2.5M The move marked a reversal of Strategy’s long-held “Never sell your Bitcoin” stance, w...

Zcash Completes 'Most Ambitious' Network Upgrade as ZEC Resumes Recent Surge

The Zcash Foundation disclosed Wednesday that it quietly patched a critical flaw in the privacy cryptocurrency's core transaction system, executing a rare emergency network upgrade after a security researcher uncovered a bug that could have allowed bad actors to spend funds they didn't have. The vulnerability, discovered May 29 by independent security researcher Taylor Hornby, resided in the Orchard Action circuit—the cryptographic machinery underpinning Zcash's most advanced privacy pool. The...

The Zcash Foundation disclosed Wednesday that it quietly patched a critical flaw in the privacy cryptocurrency's core transaction system, executing a rare emergency network upgrade after a security researcher uncovered a bug that could have allowed bad actors to spend funds they didn't have. The vulnerability, discovered May 29 by independent security researcher Taylor Hornby, resided in the Orchard Action circuit—the cryptographic machinery underpinning Zcash's most advanced privacy pool. The...