hodler

3 Jun 2026, 00:04

Bank of England urged to reconsider £20,000 stablecoin cap

🚨 UK House of Lords urges new review of the £20,000 cap on $USDT stablecoin holdings. The Bank of England’s proposed limits could make Britain less competitive than rival markets. 🕵️‍♂️ The market is still at an early stage, and experts advise monitoring before imposing caps. Continue Reading: Bank of England urged to reconsider £20,000 stablecoin cap The post Bank of England urged to reconsider £20,000 stablecoin cap appeared first on COINTURK NEWS .

3 Jun 2026, 00:01

Hyperliquid (HYPE) ATH Run Needs Short Pause, Ethereum (ETH) Receives Massive Upside Room, Toncoin (TON) Golden Cross Might Not Help: Crypto Market Review

The market is seeing a substantial inflow of funds, but it's not yet enough to completely flip the script.

3 Jun 2026, 00:00

Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details

Bitcoin has lost the $69,000 level as selling pressure intensifies and the market faces a wave of uncertainty that has erased weeks of recovery progress in a compressed timeframe. The breakdown is significant — and CryptoQuant data has identified a development in the on-chain flow data that adds a specific and historically significant supply dimension to the current weakness. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green On June 2, Mt. Gox-linked wallets recorded a sharp negative balance change with 10,300 BTC leaving the tracked address cluster within a matter of hours. The movement marks the first major spike in net negative balance change for the Mt. Gox wallet cluster since March 11, 2025 — making this the most significant Mt. Gox-related on-chain event in over a year and a half. The Mt. Gox context carries weight that other large wallet movements do not. The coins associated with the collapsed exchange represent a known and documented source of potential distribution — creditor repayments that have been anticipated by the market for years and that have produced measurable price reactions on previous occasions when significant movements were detected. A 10,300 BTC outflow from the tracked cluster does not automatically confirm that selling is imminent or that coins have reached exchanges. Wallet outflows can reflect internal transfers, custody changes, or preparation activity that precedes distribution rather than distribution itself. What it does confirm is that supply previously considered dormant has moved — and the market is now processing what that movement means. Three Signals Landing at the Same Time The CryptoQuant analysis identifies the timing as the detail that elevates the Mt. Gox movement from an isolated on-chain event to a market structure signal worth monitoring carefully. Exchange reserves on two of the largest Bitcoin venues are rising simultaneously on the same day that the Mt. Gox cluster recorded its first major outflow in over a year. Binance’s Bitcoin reserve reached approximately 655,000 BTC on June 2 — continuing the reserve increase that has been building across recent sessions. Bitfinex reserves rose from roughly 406,000 BTC to approximately 415,000 BTC between May 18 and June 2 adding around 9,000 BTC over the period. Two major exchanges adding supply to their reserves while a historically significant dormant wallet cluster simultaneously records a large outflow creates a convergence of signals that the market cannot ignore, regardless of whether direct transaction-level connections exist between them. Bitcoin Multi Exchange Reserve | Source: CryptoQuant The report is precise about what the data does and does not confirm. There is no basis for assuming the Mt. Gox coins moved directly to Binance or Bitfinex without transaction-level verification that has not yet been established. The three movements may be entirely independent of each other in terms of origin and intent. What the simultaneous appearance of all three signals on the same day does confirm is a supply environment that has become materially more complex in a compressed timeframe — and Bitcoin losing $69,000 against that backdrop is the price expressing the uncertainty that the convergence of those signals has introduced into the market structure. Related Reading: Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance Bitcoin Loses Key Support As Sellers Regain Control Bitcoin has broken below the critical $72,000–$74,000 support zone that defined much of the market structure throughout May, increasing downside pressure and shifting attention toward lower demand levels. The daily chart shows BTC trading near $69,500 after a sharp rejection from the $82,000 local high, confirming a sequence of lower highs and lower lows that has weakened the bullish recovery structure built since April. Bitcoin testing $69K level | Source: BTCUSDT chart on TradingView The breakdown is technically significant because the yellow support area around $73,000 previously acted as both resistance and support during the recovery phase. Once price lost that zone, selling accelerated and pushed Bitcoin below the 50-day moving average, which is now turning into dynamic resistance. BTC is also trading beneath the 100-day and 200-day moving averages, highlighting the broader bearish trend that remains intact across higher timeframes. Related Reading: Uniswap Price Slides As Binance Absorbs Millions Of Tokens – Traders Are Watching Volume has expanded during the recent decline, suggesting that the move is driven by active selling rather than a lack of liquidity. This increases the probability that the market will test lower support levels before a sustainable recovery can begin. The next major demand area sits around $64,500–$66,000, a zone that acted as a base multiple times during March and April. If buyers fail to defend current levels near $69,000, that lower support range becomes the most likely downside target. For bulls, reclaiming the lost $72,000–$74,000 zone is now essential to invalidate the breakdown and restore short-term momentum. Featured image from ChatGPT, chart from TradingView.com

2 Jun 2026, 23:55

Bittensor Co-Founder: Bitcoin Network Outperforms Top 100 Supercomputers by 600,000x

BitcoinWorld Bittensor Co-Founder: Bitcoin Network Outperforms Top 100 Supercomputers by 600,000x At the Proof of Talk event in Paris, Bittensor co-founder Ala Shaabana made a striking comparison: the Bitcoin network’s hashrate is more than 600,000 times greater than the combined computing power of the world’s top 100 supercomputers. The statement highlights the vast, decentralized computational resources that Bitcoin has secured through its incentive-based structure. Applying Bitcoin’s Model to Artificial Intelligence Shaabana argued that the same principle that made Bitcoin’s network so powerful can be applied to artificial intelligence (AI). He explained that Bittensor operates with 128 subnets, where participants are rewarded with TAO tokens for contributing to specific tasks such as AI training and validation. This model, he believes, can pool global hardware and intelligence more efficiently than centralized big tech companies. The Role of Incentive Design and Network Effects According to Shaabana, the future competitiveness of AI will depend less on the underlying technology itself and more on incentive design and network effects. He emphasized that open networks can aggregate resources from around the world, creating a more dynamic and scalable infrastructure for AI development. This perspective challenges the prevailing notion that only large, centralized corporations can lead in AI innovation. Implications for the Crypto and AI Sectors The comparison underscores the growing intersection between blockchain technology and artificial intelligence. As AI models require increasingly massive computational power, decentralized networks like Bittensor offer an alternative to traditional cloud computing providers. The use of token-based incentives could democratize access to high-performance computing, potentially lowering costs and accelerating innovation. Conclusion Shaabana’s remarks at the Paris event provide a compelling vision for the future of AI infrastructure. By leveraging the same incentive mechanisms that made Bitcoin the world’s most powerful computing network, projects like Bittensor aim to create a more open and efficient ecosystem for AI development. The key takeaway for industry observers is that the battle for AI supremacy may be won not by the fastest chips, but by the most effective networks. FAQs Q1: What is the Bitcoin hashrate and why is it compared to supercomputers? The Bitcoin hashrate measures the total computational power used to mine and secure the Bitcoin network. Comparing it to supercomputers illustrates the massive scale of decentralized computing resources that Bitcoin has aggregated through its incentive system. Q2: How does Bittensor use TAO tokens to support AI development? Bittensor operates 128 subnets where participants earn TAO tokens for contributing computing power to AI training, validation, and other tasks. This creates a decentralized marketplace for AI computation, rewarding contributors based on the value of their work. Q3: Why might decentralized AI networks be more efficient than centralized ones? Decentralized networks can pool hardware and expertise from a global, diverse set of participants, reducing reliance on single providers. This can lead to lower costs, greater resilience, and faster innovation, as the network is not limited by the resources of any single entity. This post Bittensor Co-Founder: Bitcoin Network Outperforms Top 100 Supercomputers by 600,000x first appeared on BitcoinWorld .

2 Jun 2026, 23:43

Funds quietly buy BTC at $72,000 amid $2B ETF outflow

🚨 Long-term funds are quietly increasing their $BTC holdings at $72,000. ETF outflows hit nearly $2 billion in just one week. 📉 Crypto failed to match the sharp rally in stocks this month. Continue Reading: Funds quietly buy BTC at $72,000 amid $2B ETF outflow The post Funds quietly buy BTC at $72,000 amid $2B ETF outflow appeared first on COINTURK NEWS .

2 Jun 2026, 23:25

Bitcoin’s compute power dwarfs top 100 supercomputers by 600k times, says Bittensor co-founder

Ala Shaabana explains how using Bitcoin network’s coordinate-and-reward playbook can bust open corporate monopolies on AI.