Bitcoin, Ethereum, and digital asset news covering market movements, blockchain technology, regulatory developments, and cryptocurrency industry trends.
Bitcoin climbed about 2% to roughly $65,800, its highest in nearly two weeks, after the US and Iran reached a peace deal ending hostilities and reopening the Strait of Hormuz. Asian stocks surged in a 'risk on' rally, with Japan's Nikkei 225 soaring 5.4% to a record high and South Korea's Kospi jumping close to 6%. European markets also opened with gains.
Zcash token fell about 50% after a security researcher used Anthropic's Claude Opus 4.8 AI to uncover a critical vulnerability that had gone undetected for over four years. The flaw was disclosed on June 4, 2026.
Bitcoin rose as much as 3.7% to $66,326, its highest in nearly two weeks, after the US and Iran reached an agreement to end hostilities and reopen the Strait of Hormuz. Ether jumped 5.9% to $1,767, while smaller tokens saw larger gains. Strategy bought $100 million worth of Bitcoin in the past week.
Kraken began offering CFTC-regulated perpetual futures to U.S. customers via Kraken Pro, covering bitcoin, ether, solana, and other major cryptocurrencies. The contracts are listed on Bitnomial, a CFTC-regulated exchange acquired by Kraken's parent company Payward.
Coinbase CEO Brian Armstrong said his instinct is that bitcoin bottomed around $60,000, adding that he remains long and expects significantly higher prices by 2030. Standard Chartered analyst Geoffrey Kendrick also declared a 'crypto spring,' citing renewed corporate buying and ETF inflows, with bitcoin likely hitting its cycle low near $59,000.
A critical flaw in privacy-focused cryptocurrency Zcash was discovered with the help of Anthropic's AI Claude. The finding raises concerns that artificial intelligence could dramatically increase security risks across the crypto industry.
Bitcoin traders are focused on the Bank of Japan's Tuesday rate decision, as speculative short positions in the yen hit a nine-year high. A sharp short squeeze could unwind yen-funded carry trades and impact risk assets like bitcoin. The BOJ is expected to raise rates to 1%, the highest since 1995.
A research preprint claims Pearl, a Layer-1 blockchain marketed as turning crypto mining into AI computation, is performing zero useful AI work. Its network of ~320,000 GPUs burns 112 megawatts on random matrix multiplications. The researcher submitted random data and earned payouts, proving the protocol cannot distinguish real AI work from random computation.
Etherealize founder Vivek Raman says Wall Street is treating public blockchains as production infrastructure, deploying tokenized stocks, bonds, funds and real estate on Ethereum. Institutional adoption is shifting from experimentation to real-world use, though price lags due to long sales cycles.
Bitcoin traded above $64,000 on Saturday, gaining over 8% from its June low near $59,000. The rebound was driven by improved sentiment around a potential U.S.-Iran peace agreement and SpaceX's strong Nasdaq debut. SpaceX revealed in its IPO filing that it held 18,712 Bitcoin valued at approximately $1.29 billion as a strategic treasury reserve.