Crypto Chat, News Cryptocurrency Market News and Events

[Rockfx]

Bitcoin mining stocks surged after Nvidia's earnings report. The company reported revenue of $81.6 billion for the first fiscal quarter of 2027, up 85% year-on-year.
Data center segment revenue reached $75.2 billion.
For the current quarter, Nvidia forecast revenue of approximately $91 billion, announced an additional $80 billion in share repurchases, and increased its dividend to $0.25 per share.

 

[Rockfx]

The CFTC has greenlit 24/7 trading in the crypto derivatives market, while simultaneously warning of risks for other derivatives segments. On May 29, the commission issued a letter to market participants. The agency stated that the transition to 24/7 trading and clearing "may not be appropriate for all asset classes at this time" due to differences in the underlying markets.
The CFTC acknowledged that blockchain infrastructure, alternative forms of collateral—including cryptoassets and stablecoins—and mobile access have made the 24/7 model viable for digital assets. Platforms already offer continuous access to both retail and institutional clients.
Traditional markets, including agricultural derivatives, are less prepared for this regime. This is due to the specific client base, regional structure, and hedging requirements.

 

[Rockfx]

The Aave protocol revised its asset listing standards following the April rsETH incident, which left the project at risk of hundreds of millions of dollars in bad debt. An attacker exploited a configuration error in one of the verifiers to forge a cross-chain message and issue 116,500 unbacked rsETH tokens ($293 million). The new framework for V3, V4, and Horizon expands the risk assessment criteria. Now, in addition to volatility and liquidity, Aave will consider:
- the reliability of the bridge infrastructure and the number of token wrapper layers;
- dependencies on external oracles and custodians;
- technical architecture (ERC-20 compliance, admin rights, and code upgradeability);
- the operational security of the asset issuer.

 

[Rockfx]

From May 25 to 29, outflows from digital asset investment products totaled $1.67 billion. According to a CoinShares report, this negative trend has persisted for the third consecutive week. The total volume of funds withdrawn over the past three weeks reached $4.21 billion. The current outflow rate is the second-highest in 2026. Assets under management fell from $148 billion to $141 billion—the lowest level since early April. Bitcoin bore the brunt of the blow: investors withdrew $1.43 billion from instruments based on it. This is the largest weekly outflow for the coin this year. The annual inflow into Bitcoin products fell to $1.2 billion from $3.9 billion two weeks earlier. Ethereum funds lost $257 million. Interest in altcoins also declined: only five assets saw inflows of more than $1 million. Among them: XRP ($20.3 million), Hyperliquid ($10.8 million), and NEAR ($7.6 million).

 

[Rockfx]

In May, inflows into companies with digital asset treasury (DAT) totaled $180.5 million, compared to $4 billion the previous month. Almost all of this volume came from entities holding Bitcoin on their balance sheets. This figure is 95% lower than in April and approximately 93% lower than the average for January-May. This follows two months of increased activity: $4.28 billion in March and $4 billion in April. Companies with Bitcoin on their balance sheets accounted for $177.85 million (approximately 98% of the total volume). By comparison, this segment attracted $3.88 billion in April. No significant changes were recorded for other assets: Zcash and Sui saw small inflows, while Litecoin saw an outflow of $1.89 million.

 

[Rockfx]

Bloomberg predicted the "coldest" crypto winter in history. Experts identified the following key reasons:
- the collapse of defensive narratives: the first cryptocurrency failed to prove its status as an inflation hedge—amid dollar instability, investors favored gold;
- competition with AI: the artificial intelligence industry has begun to actively absorb capital, engineering talent, and investor attention. Furthermore, miners are forced to compete with AI data centers for electricity;
- institutionalization issues: the launch of spot ETFs and the mainstream erased the market's "early stage" argument. Meanwhile, Wall Street's interest shifted from trading activity to stablecoins and tokenization;
- technological risks: presenters mentioned the threat of quantum computing to cryptographic security and pressure from corporate holders, who may begin selling off their holdings. The situation is exacerbated by an "identity crisis" amid a lack of new growth drivers. According to Bloomberg experts Weisenthal and Alloway, even the launch of powerful models like Anthropic's Claude 4.6 and OpenAI's GPT-5.3 is stealing the spotlight, leaving the cryptosphere in the shadow of technological progress.

 

[Rockfx]

On June 4, the price of the leading cryptocurrency fell to $61,351. Amid this negative trend, the market experienced a massive wave of long position liquidations. Over the past 24 hours, the volume of forced market liquidations amounted to approximately $1.63 billion. The majority of these losses, $1.38 billion, were long positions. In a commentary for The Economic Times, Delta Exchange analyst Riya Sehgal attributed the selloff to a combination of factors: the ongoing outflow of funds from spot Bitcoin ETFs, geopolitical instability, and the breakout of key support levels, which triggered a cascade of liquidations. CoinDesk experts noted that the $65,000 zone served as an important technical barrier. A price consolidation below this level opens the way for a test of the $60,000 level.
Meanwhile, the Deribit options exchange has seen a surge in interest in put positions with strikes of $50,000, $55,000, and $65,000, expiring at the end of June.
Further pressure on the market is being exerted by institutional demand. On June 3, US spot Bitcoin ETFs recorded a net outflow of $396.6 million. This negative trend has persisted since May 15, marking the 13th consecutive session.

 

[Rockfx]

In the first quarter of 2026, institutional investors filing 13F forms reduced their positions in US spot Bitcoin ETFs by 17%. This was reported by CoinShares.
The total assets under management of professional investors decreased from 313,000 BTC to 261,000 BTC. In monetary terms, the value of positions fell by 35% to $17.8 billion.
The share of 13F investors in total Bitcoin ETF holdings decreased from 24.7% to 20.8%.
Hedge funds and brokerages accounted for the bulk of the selling, accounting for 96% of the net outflow. Hedge funds reduced their positions by 31,400 BTC (-39%), while brokerages reduced theirs by 18,800 BTC (-53%). In particular, Jane Street reduced its investments by 10,800 BTC, and Morgan Stanley completely closed its position of 8,300 BTC (analysts linked this to the launch of its own MSBT fund).

 

[Rockfx]

Traditional financial institutions no longer view blockchain as an experimental technology and are beginning to implement Ethereum-based solutions in real business processes, Etherealize founder Vivek Raman told CoinDesk.
According to him, major banks and asset management companies are gradually moving from pilot projects to the practical use of public blockchains as operational infrastructure.
He identified stablecoins as the first institutional use case. Subsequently, the focus shifted to tokenized stocks, bonds, real estate, and investment funds. Raman attributed this trend to Ethereum's dominance in the stablecoin, liquidity, and institutional deployment segments.

 

[Rockfx]

Galaxy Research experts have concluded that the current market cycle of the world's leading cryptocurrency has not yet reached its bottom. According to the report, the asset's price could fall to the $40,000-$46,000 range. Analysts noted that the four-year price movement, tied to halvings, remains. However, the amplitude of fluctuations is decreasing: each new peak is becoming less "euphoric," and the declines are shallower.
The researchers called the peak of $124,824 recorded in October 2025 the calmest in history. They attribute this to the dominance of institutional capital and the launch of spot Bitcoin ETFs, which have smoothed out volatility compared to previous retail rallies.