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GM!
At present’s prime information:
- Crypto majors crash 7-10%; BTC at $62,600
- Arthur Hayes says he bought his whole HYPE & NEAR positions, cites looming market prime
- Latest alt winners HYPE, ZEC, NEAR and VVV all give again 10-20%
- Tom Lee’s BMNR recordsdata for brand spanking new $300M pref inventory elevate following Saylor playbook
- MoonPay launches MoonAgents, connecting crypto infra to let AI brokers commerce on customers behalf
📉 Crypto Crashes, New Lows In Sight
Bitcoin and crypto majors fell onerous on Wednesday and in a single day, and this time, the alt darlings weren’t spared.
Having a look on the board:
- BTC fell 6% to $62,600
- Ethereum fell 6% to $1,750
- Solana fell 9% to $68.40
- Hyperliquid fell 9% to $65.70
What makes this down transfer completely different from the prior few days is that Hype and the current alt winners all bought off onerous as effectively. ZEC fell 12%, NEAR fell 18% and VVV fell 12%, all of which had hit new native highs on Wednesday. HYPE itself had hit $75 earlier than the selloff.
Arthur Hayes actually didn’t assist, posting how he bought his whole HYPE and NEAR positions as he thinks the macro prime is in or shut. He pointed to larger power costs, the three AI IPOs looming and anticipation of a shocking Trump pivot on AI to trigger a market prime between now and September.
I simply dumped my whole $HYPE and $NEAR place, I’ll clarify why in my essay “Actuality Check” dropping subsequent Tuesday.
TLDR:
– Larger power costs resulting from Iran conflict and stock restocking
– 3 Mega AI IPOs between now and early Q3
– Prediction that Trump goes anti-AI to win…— Arthur Hayes (@CryptoHayes) June 4, 2026
As for Bitcoin, effectively, it’s in severe ache territory. The ETFs have seen 11 consecutive days of outflows, with $1.4 billion this week alone. Saylor stays a fud magnet with STRC now buying and selling $5 under par. And BTC is quickly approaching cycle lows.
That native backside is at $60k, hit simply briefly on Feb 5. If it doesn’t maintain, sadly it’s in all probability “look out under”…
💰 Bitmine Is Copying Technique’s Playbook Whereas STRC Crashes
Bitmine filed on Wednesday to supply 3 million shares of Collection A Perpetual Most well-liked Inventory at a $100 said worth, focusing on a $300 million elevate at a 9.5% annual dividend charge. Shares will listing on the NYSE underneath ticker BMNP.
The construction is explicitly modeled on Technique’s STRC, that means Tom Lee is making use of Saylor’s most popular inventory financing playbook to his Ethereum treasury.
The timing may be very fascinating as Technique’s STRC carries 11.5% and has confronted actual liquidity strain as of late. After their money reserves fell to $871 million towards $1.7 billion in annual obligations, STRC has traded effectively under par (sub-$95 yesterday), and Technique bought Bitcoin final week for the primary time in 4 years to fund dividends.
Bitmine’s place is structurally completely different. The agency holds 5.42 million ETH (4.5% of Ethereum’s circulating provide) producing over $300 million yearly in staking income by means of its MAVAN validators. The staking earnings funds dividend obligations with out touching the principal. Bitmine doesn’t must promote property to pay its most popular holders—the property pay for themselves.
So in concept, this product ought to be comparatively “secure.” However on the identical time, it’s a drop within the bucket.
With ETH under $1,828, Bitmine is sitting on an estimated $9 billion in losses from its common accumulation value. An additional $300M in purchase strain isn’t going to do a lot to repair that…
🤖 MoonPay Simply Let Claude and Codex Commerce Crypto on Your Behalf
MoonPay launched the MoonAgents Desktop app on Wednesday, a graphical interface that lets Claude Code and OpenAI’s Codex join on to crypto wallets, token swaps, prediction markets, and blockchain providers with out command-line configuration.
Customers check in with present Claude or Codex accounts, then the app units up the underlying AI infrastructure behind the scenes. Prebuilt Abilities deal with frequent crypto actions like shopping for, promoting, value alerts, whereas Automations let brokers execute duties on a schedule with out person enter. An Artifacts function builds visible dashboards generated by the AI itself.
Non-public keys are saved domestically in encrypted kind, so MoonPay by no means holds property. Connecting a Ledger provides an approval gate so the AI pauses earlier than any transaction. The underlying MoonAgents MCP server covers 54 crypto instruments throughout 17 expertise and 10 chains, broader than Coinbase’s payment-focused MCP or Gemini’s exchange-custodied buying and selling instruments.
For an instance use case, somebody may textual content Claude Dispatch on their cellphone “rebalance my portfolio”—and the agent executes the trades, logs the exercise, and generates a dashboard with out you opening an app.
The agentic buying and selling future is occurring, and MoonPay helps to usher it in…
⚽️ The World Cup Begins in 7 Days and Crypto Scams Are Heating Up
The 2026 FIFA World Cup kicks off June 11 in Mexico Metropolis and runs by means of July 19 in New York Metropolis. Regulation enforcement companies are warning soccer followers that the scams focusing on them are extra subtle and extra crypto-heavy than any prior match.
The FBI, LASD, and Malwarebytes all issued warnings this week. Cybercriminals are creating pretend FIFA web sites with AI-generated phishing websites that may clone official manufacturers inside hours.
Malwarebytes discovered one website advertising and marketing a token as “the official group token celebrating the FIFA World Cup 2026,” full with a 7-billion-token provide and a participant counter pinned to the symbolic quantity 48, the depend of certified groups. One other used FIFA’s official mascot to promote an unlicensed token. Bitdefender Labs discovered greater than 55 energetic football-themed rip-off campaigns throughout pretend on-line shops, malicious social media adverts, IPTV piracy, and FIFA-themed giveaways.
Malwarebytes’ international head of rip-off analysis was blunt: “Scammers love crypto. It helps them stay nameless and it’s principally not possible to reverse the transaction. If it has to do with crypto, simply cease.”
🌎 Macro Crypto and Markets
- Crypto majors are very crimson down 7-10% in one of many worst days of the 12 months; BTC -6% at $62.6k; ETH -6% at $1,750; SOL -9% at $68.4; HYPE -9% at $65.70
- Latest alt movers ZEC (-12%), NEAR (-18%), and VVV (-18%) all fell double digits
- Siren (+29%) and BEAT (+12%) led prime movers
- Oil -1% at $94.30; Gold +1% at $4,500
- Inventory futures are very crimson with Nasdaq down 1.25%
- Arthur Hayes bought his whole HYPE and NEAR place, citing larger power costs resulting from Iran, the three AI IPOs and that markets will peak between now and September
- Tether and Fasset launched the world’s first gold-backed Visa card, letting customers spend fiat globally whereas incomes as much as 6% cashback in XAUT (Tether Gold)
- Mastercard launched 24/7 stablecoin settlement throughout its international community, supporting USDC and different stablecoins on Ethereum, Solana, and a wide range of chains with intraday, weekend, and vacation settlement now accessible alongside conventional rails
- A bodily Casascius Bitcoin coin containing 25 BTC was redeemed Tuesday for $1.78 million, 12 years after it was minted in December 2011 when these cash have been value lower than $100 whole
Company Treasuries & ETFs
Meme Coin Tracker
- Meme leaders have been very crimson; DOGE -6%, SHIB -7%, PEPE -8%, PENGU -6%, TRUMP -10%, BONK -9%, SPX -9%, FARTCOIN -11%
- three (+223%), Heavypulp (+400%) and LOA (+80%) led movers on Solana
- Base movers included degen (+47%), dickbutt (+100%) and gSpeed (+140%)
📈 Myriad Market of the Day
💰 Token, Airdrop & Protocol Tracker
🚚 What is occurring in NFTs?
- NFT leaders have been crimson alongside crypto majors; Punks -1% at 30.8 ETH, BAYC -4% at 7.78 ETH, Pudgy -1% at 4.07 ETH; Hypurr’s -4% at 287 HYPE
- CDBs (+35%) and DEL (+29%) led prime movers
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