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Peter Schiff predicted Bitcoin would break below $50,000 and then quickly plunge under $20,000, sparking a strong wave of pushback across the entire crypto community on X. We break down what Schiff actually said, the market context behind his call, and how Bitcoiners fired back at the veteran gold advocate. Why Peter Schiff Is Predicting a Bitcoin Crash Peter Schiff is the chief of Euro Pacific Capital and one of the longest-running Bitcoin skeptics in finance. He took to X on Tuesday to argue that excessive complacency signals the crypto market remains far from a bottom right now. “When Bitcoin…

Dubai, United Arab Emirates, June 2nd, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has recently introduced a new order type optimized for larger trades. Percentage of Volume (POV) Order on Bybit Futures, an advanced algorithmic execution tool designed for traders managing large positions in volatile markets. Protecting Trading Intent to Reduce Slippage Bybit POV Order automatically splits large orders into smaller sub-orders, pacing execution in proportion to real-time market activity. When market volume accelerates, execution follows. When liquidity thins, the pace adjusts accordingly. Traders benefit from a controlled, adaptive approach to order placement that reduces market…

Bitmine owns 4.49% of the total ETH coin supply of 120.7 million Bitmine is 90% of the way to the ‘Alchemy of 5%’ in just 11 months Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains Bitmine has 4,718,677 staked ETH, representing $9.5 billion at $2,003 per ETH MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience Bitmine owns $93 million of Eightco, now one of the…

Clarity Act News: The Digital Chamber, a crypto advocacy organization with over 250 members, has escalated a coordinated lobbying campaign urging the U.S. Senate to pass the Digital Asset Market Clarity Act (CLARITY Act), formally numbered H.R. 3633, framing the bill as the industry’s last realistic legislative window for federal market structure rules before Congress adjourns for its summer recess. The campaign, which now encompasses more than 100 crypto firms alongside parallel tracks run by the Crypto Council for Innovation and the Blockchain Association, follows the Senate Banking Committee’s 15-9 bipartisan advancement of H.R. 3633 on May 14, 2026. Digital…

Bitcoin ETF selling overwhelmed markets again after last week’s $1.42 billion outflow followed the previous week’s $1.26 billion outflow. BTC’s subsequent fall to $72,500 raised concerns that the price would slip back into the $60,000 to $70,000 range that BTC was locked in during February through April, but Cointelegraph’s reporting showed spot volumes kicking in to defend the $70,000 support. BTC/USDT aggregated spot volumes. Source: Velo Given the sizeable ETF selling, BTC inflows to Coinbase and futures market liquidations, the spot CVD data above suggests these dip buyers are not dominant.Bitcoin exchange inflows, Coinbase. Source: CryptoQuantOpen interest heatmap data, on the other hand,…

Patrick Hansen, Circle’s EU strategy and policy lead, says the bloc’s crypto tax revenue projections may fall short. The European Commission has modeled up to $23 billion across the 2028 to 2034 EU budget cycle. Hansen argued that a transaction-based crypto tax would push users toward DeFi protocols. Self-custody wallets and non-EU venues would erode the centralized exchange volume Brussels expects to capture. What the Commission’s Proposal Includes The leaked Commission services paper outlines two crypto tax models for member states to consider: A 0.1% levy on the value of crypto transactions could generate $3.5 billion to $4.7 billion per…

The feeling toward Bitcoin on social media has reached its most bullish level of the year, even as the overall crypto market is down, according to crypto sentiment platform Santiment.“Sentiment on Bitcoin has spiked to 2.23 bullish comments for every bearish one — the most lopsided positive ratio of 2026,” Santiment said in a report published on Saturday.“The previous two biggest positive-ratio days of the year preceded short-term price pullbacks, while severely negative readings marked local bottoms. The current euphoria contrasts sharply with the bearish ETF flow picture and warrants caution,” Santiment said. Spot Bitcoin ETFs logged their tenth consecutive…

The two biggest DeFi exploits of the past two months have one thing in common. They used a tool that does not exist on the XRP Ledger.Thorchain lost roughly $10.8 million on May 15 to a cross-chain attack that drained funds across Bitcoin, Ethereum, BSC, and Base. Drift Protocol, a Solana-based decentralized perpetual exchange, and KelpDAO, a liquid restaking protocol on Ethereum, together accounted for more than $600 million in losses through April alone. Cross-chain bridges have lost over $2.8 billion to attacks since 2021, per Chainalysis. And a significant share of these exploits used some variant of the same…

In brief Republican fintech entrepreneur Michael Carbonara liquidated 10 Bitcoin for $800,000 to help bankroll his congressional campaign. The candidate’s shift to the 22nd District positions him in a newly wide-open race, triggered after the recent map redraw. Carbonara is leveraging his tech background to advocate for accountability on-chain, from campaign finance to the government’s budget. A Republican candidate jockeying to represent Florida’s 22nd Congressional District has liquidated a portion of his personal Bitcoin stash to bankroll his political bid, while striking a pro-crypto stance in a newly shaped battleground race.Michael Carbonara, who established a digital banking and payments company…

$500 million. That’s the stake. Bitcoin buyers have positioned this amount below the current price, a massive bet on a breakthrough towards $70,000. Not a coincidence. The concentration of these buy orders just below the spot market reflects a strong conviction—perhaps even too strong to ignore. Traders accumulating at these levels are betting that the $70,000 threshold will break upwards, not downwards. And they’re putting their money where their mouth is, as the saying goes. This is real capital, not conference statements. These positions are placed below the current price, meaning they serve both as support and a signal—a visible…