hodler

9 Jun 2026, 21:51

Strive CEO Matt Cole and Binance's CZ push back on Bitcoin 'death' narrative

Strive CEO Matt Cole and former Binance chief Changpeng Zhao, popularly known as CZ, have both voiced defiance against Bitcoin’s bearish momentum on Monday, even as the cryptocurrency trades roughly 50% below its October 2025 record high of over $126,000. CZ posted on X that “Bitcoin won’t be ‘dead’ for too long,” adding a reference to Douglas Adams: “Don’t panic, in large friendly letters.” The post saw thousands of interactions as BTC hovered around $62,600. On June 8, Strive announced it had purchased an additional 32 BTC for approximately $2.1 million at an average price of roughly $63,911 per coin, according to Cole’s post on X. That buy announcement came two days after he told followers he believes “the debt crisis won’t improve, debasement will continue,” adding that “we’re moving toward a Bitcoin future.” The Strive CEO also stated that “digital credit” is the best medium of exchange during what he sees as the long transition from fiat to a Bitcoin-denominated world. “The dollar is broken but is still the reserve currency,” Cole wrote on X on June 9. “Any security/commodity can easily be used as a medium of exchange today.” In an X post made on June 8, Cole stated that he and the Strive team are scheduled to appear at BTC Prague this week alongside Michael Saylor for a fireside chat. Is Bitcoin’s liquidity problem caused by AI? The bullish posturing arrives during one of Bitcoin’s roughest stretches in recent memory. BTC fell from approximately $82,000 in early May to around $63,000 on Monday, a decline of over 20%. It briefly slipped below $60,000 last week for the first time since October 2024. Wall Street broker Bernstein pointed to capital rotation into artificial intelligence as the main culprit for the poor Bitcoin inflows. Bitcoin treasury companies and ETFs have attracted roughly $12 billion of inflows in 2026, which is a steep drop from the $60 billion they received during 2025, Bernstein analysts led by Gautam Chhugani wrote. Spot BTC ETFs alone have recorded about $2.6 billion in net outflows from a $75 billion asset base this year, with corporate buyers led by Strategy (formerly MicroStrategy) accounting for most of the remaining demand, according to the report. Cryptopolitan has previously reported on the broader dynamic at play: while critics are eager to declare Bitcoin dead, the liquidity squeeze has less to do with crypto-specific failures and more to do with capital chasing AI-related IPOs and infrastructure buildouts across equities markets. Bernstein’s analysts echoed that framing. “Bitcoin still may offer some diversification from the unusual singular AI-driven momentum markets we have experienced this year,” the report stated. The firm also noted that the strongest-performing corners of crypto in 2026 have been tokenized equities and commodities, not Bitcoin itself. A different kind of market Despite the price pain, Bernstein argued that Bitcoin’s ownership structure has matured. Unlike prior cycles dominated by retail speculation, today’s holder base spans ETFs, corporate treasuries, wealth-management platforms, pension funds, and sovereign investors, according to the report. That diversification may explain why Cole and CZ are willing to buy and talk bullishly into a 50% drawdown. Cole backed his words with capital, adding to Strive’s Bitcoin position at prices that would have seemed cheap a year ago and expensive two years before that. CZ offered no specific thesis beyond optimism. Whether the “dead” label sticks depends largely on whether AI continues to vacuum capital from risk assets or whether institutional buyers see current prices as an entry point. Readers watching this story should keep an eye on weekly ETF flow data and corporate treasury announcements heading into the summer. The smartest crypto minds already read our newsletter. Want in? Join them .

9 Jun 2026, 21:25

Bitcoin Fear Hits 10 Near $62.5K as $97M Launderer Jailed, Stellar Eyes Quantum

Bitcoin News Bitcoin slid toward $62,500 as the Crypto Fear and Greed Index collapsed to a reading of 10, a level of extreme pessimism rarely seen outside major cycle troughs. The gauge sat at 8 a ...

9 Jun 2026, 21:24

DeFi Users Warned to Revoke Approvals Before Anthropic’s Mythos AI Launches

Anthropic is reportedly set to release a public version of its Mythos AI model, and crypto analyst The DeFi Investor is urging decentralized finance users to act before that happens. The concern is based on how good Mythos is at finding software vulnerabilities, and a version of it becoming widely accessible could accelerate the speed at which attackers discover and exploit weaknesses in DeFi protocols. What the DeFi Community Needs to Do In a June 9 post on X, The DeFi Investor advised followers to revoke all token approvals, use only heavily audited dApps, and spread funds across several wallets to reduce single points of failure. For those who are not familiar, token approvals are permissions that users give to smart contracts, allowing the contracts to spend tokens on their behalf. They tend to accumulate silently over time, and they represent a standing attack surface if any approved contract is later found to be vulnerable. “What’s scary about Mythos is that it’s insanely good at finding severe vulnerabilities,” wrote The DeFi Investor. “Claude Opus 4.8 has also recently identified a critical bug for Zcash, and Mythos is supposed to be even better than Opus 4.8.” They added that DeFi will face a huge stress test in the next few months, and indeed, the Zcash vulnerability they mentioned gave a concrete illustration of this. The privacy coin lost more than 35% of its value in one day after a security researcher using AI discovered a bug in its shielded Orchard pool that would’ve allowed bad actors to endlessly mint new ZEC tokens. It saw big-time crypto investor Arthur Hayes exit his entire ZEC position, as uncertainty mounted on whether anyone might have already exploited the flaw. Mythos has been restricted since April to about 50 organizations, including Amazon, Apple, Google, and Microsoft, through an Anthropic initiative known as Project Glasswing, in an attempt to put the model’s capabilities to work for defensive purposes. According to Bloomberg, Anthropic plans to expand that circle by 150 more organizations across 15 countries. However, multiple sources, including TFTC and journalist Alex Heath, have claimed that the public version of Mythos will carry “substantial guardrails” and will not be as permissive as what Project Glasswing partners can access. A Debate DeFi Was Already Having The DeFi Investor’s security tips have come at a time when a conversation has been building around the viability of decentralized finance. In late May, OpenZeppelin co-founder Manuel Aráoz declared “all of DeFi unsafe” and said he had advised people to exit positions in major protocols, including Aave, MakerDAO, and Compound. His reason for doing that was that AI has tilted the security balance so far toward attackers that no protocol can currently be trusted to safely hold users’ funds. And truly, many crypto projects have been hit in the last few months, including attacks on KelpDAO and Drift Protocol in April, which led to the loss of more than $570 million combined. More recently, hackers reportedly siphoned at least $30 million worth of Humanity Protocol’s H token from 17 wallets. However, according to Aave Chan Initiative founder Mark Zeller, the fears about AI have been overblown, with fewer than 10% of DeFi security failures in the past year having been caused by code-level vulnerabilities. Anthropic’s own position, per Bloomberg, is that in the long run, AI will favor defenders, but “the transitional period will be fraught.” The post DeFi Users Warned to Revoke Approvals Before Anthropic’s Mythos AI Launches appeared first on CryptoPotato .

9 Jun 2026, 21:21

ETH crash to $1K looms if key support breaks: Will futures traders step in?

Ether’s futures open interest fell by 25%, putting pressure on the $1,500 support level. Is a drop to $1,000 next?

9 Jun 2026, 21:20

Databricks targets $175 billion valuation as AI's private-market frenzy rolls on

Databricks is set to raise fresh capital at a valuation between $165 billion and $175 billion, despite being valued at $134 billion just four months ago. Alongside this, OpenAI, Anthropic, and SpaceX are all aiming for valuations near or above $1 trillion, adding to a trend of AI firms setting astronomical valuation targets and hitting them on demand from investors. Is Databricks’ valuation backed up by its business? The data and AI company Databricks is talking to investors about a new funding round that could start as soon as next month. The company has set a valuation of $165 billion to $175 billion , and if the deal closes at the higher end of the range, the company would be worth 30% more than it was in February 2026. Back then, Databricks shared that its yearly revenue run rate had passed $5.4 billion, representing a 65% jump from the year before. Its AI products alone made up $1.4 billion of that total. The company had hit a $100 billion valuation in August 2025, and that figure rose to $130 billion by the end of that year. The February 2026 round, which combined $3 billion in equity and $2 billion in debt, landed at $134 billion with JPMorgan leading and Goldman Sachs, Morgan Stanley, and the Qatar Investment Authority among the equity participants. Databricks’ main competitor is Snowflake, a public company that reported $1.39 billion in revenue last quarter, a 33% increase from last year. CEO Ali Ghodsi has told investors that Databricks is still planning to go public, possibly as early as 2027. He reportedly called 2026 the “worst year” to go public because so many other big tech companies, like SpaceX, are also planning their IPOs . OpenAI and Anthropic have both filed IPO paperwork, but have yet to launch. Instead, these companies have focused on raising funding rounds and pushing their valuation higher. Cryptopolitan recently reported that OpenAI reached an implied $1 trillion pre-IPO valuation, while Anthropic closed a round at a $965 billion valuation. Are we in an AI bubble? Questions are growing about whether some AI revenue is real or just part of a closed loop of cash. Reports show that more than half of the nearly $2 trillion in future cloud revenue on the books of Microsoft, Oracle, Alphabet (Google), and Amazon is tied to just two companies: OpenAI and Anthropic. A circular flow has been observed in which a tech giant gives billions to an AI startup, often in the form of cloud credits, and then the startup uses those same credits to rent computing power from the same tech giant. The tech giant then records that spending as revenue from a paying customer. For example, OpenAI’s cloud bill is over $60 billion a year, but its revenue is only about $25 billion. Anthropic spent about $2.66 billion on Amazon Web Services (AWS) in nine months, which is about the same as its revenue over that period. This system has led some analysts to call the reported earnings of big tech companies a “mirage.” Cryptopolitan previously reported that OpenAI, Anthropic, xAI, and Waymo accounted for 63% of all venture capital raised in the first quarter of 2026. The smartest crypto minds already read our newsletter. Want in? Join them .

9 Jun 2026, 21:15

Coinbase Adds ARX and RE Tokens to Exchange Listing Roadmap

BitcoinWorld Coinbase Adds ARX and RE Tokens to Exchange Listing Roadmap Coinbase, one of the largest cryptocurrency exchanges in the United States, has added two new digital assets — ARX and RE — to its official listing roadmap. The announcement, made through the company’s standard communication channels, signals that the exchange is evaluating these tokens for potential full trading support in the future. What Is the Coinbase Listing Roadmap? The Coinbase listing roadmap is a public list of digital assets the exchange is actively reviewing for potential listing. It provides transparency to the market by letting traders and projects know which tokens are under consideration. Inclusion on the roadmap does not guarantee a final listing, but it is a strong signal of institutional interest and due diligence. The roadmap is updated periodically as Coinbase evaluates new assets based on technical, legal, and compliance standards. What Are ARX and RE? ARX is the native token of the ARX platform, which focuses on decentralized finance (DeFi) solutions, including tokenization and asset management. RE is the token for the RE project, which aims to create a decentralized real estate marketplace. Both projects operate in niche but growing sectors of the crypto ecosystem. Their addition to the roadmap suggests Coinbase sees potential in these use cases, though the final listing decision will depend on further review. Implications for Traders and the Market For traders, inclusion on the Coinbase roadmap often leads to increased attention and price volatility for the mentioned tokens. However, it is important to note that the roadmap is not a guarantee of a listing. Coinbase has previously removed assets from the roadmap without listing them. Investors should conduct their own research and not treat roadmap inclusion as a definitive endorsement. The move also highlights Coinbase’s ongoing effort to expand its asset offerings while maintaining regulatory compliance. Conclusion The addition of ARX and RE to Coinbase’s listing roadmap is a notable development for both projects and the broader market. It reflects the exchange’s methodical approach to asset selection and provides a glimpse into which sectors — DeFi and real estate tokenization — are gaining traction among major platforms. Traders should monitor the roadmap for updates, but exercise caution until final listing decisions are announced. FAQs Q1: Does Coinbase listing roadmap inclusion guarantee a token will be listed? No. Inclusion on the roadmap means the asset is under review, but Coinbase may decide not to list it after completing its evaluation. Q2: How often does Coinbase update its listing roadmap? Coinbase updates the roadmap periodically, but there is no fixed schedule. Updates are announced through their official blog and social media channels. Q3: Can I trade ARX and RE on Coinbase right now? No. The tokens are only on the roadmap for review. They are not yet available for trading on Coinbase. Trading will only begin if and when Coinbase officially lists them. This post Coinbase Adds ARX and RE Tokens to Exchange Listing Roadmap first appeared on BitcoinWorld .