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2 Jun 2026, 07:00

Earnings Snapshot: HIVE Digital Q4 revenue misses; Bitcoin revenue drops 24% QoQ

More on HIVE Digital Technologies Ltd. HIVE Digital Technologies: From Bitcoin Miner To AI Infrastructure HIVE Digital Pivoting Deeper Into HPC And Robotics For Long-Term Growth HIVE Digital Technologies reports Q4 results HIVE Digital stock surges as subsidiary plans high-capacity data center in Ontario Historical earnings data for HIVE Digital Technologies Ltd.

2 Jun 2026, 07:00

Cardano Conference Scrapped As Community Rejects Funding Proposal

The Cardano network has generated just $356,400 in transaction fees so far in 2026 — a sharp drop from the $8.35 million it recorded four years ago. That financial backdrop loomed large over the weekend when the Cardano Foundation announced it was canceling its annual Cardano Summit after failing to secure community approval for the second time. A Narrow Miss On The Ballot The foundation’s revised proposal asked for 7.8 million ADA tokens, valued at roughly $1.84 million, to fund the Singapore event. Voting closed Friday, and 65.2% of votes were cast in favor — just short of the 66.67% supermajority needed to pass. In total, 135 voters supported the proposal, 61 opposed it, and 24 abstained. “Governance requires not only participation, but also a commitment to accept collective decisions,” the Cardano Foundation wrote on X after the result was confirmed. “The Cardano community has spoken and we respect the outcome.” Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken and we respect the outcome. Following the outcome of the Treasury proposal votes, the Cardano Foundation’s proposed Cardano Summit 2026, will not… — Cardano Foundation (@Cardano_CF) May 30, 2026 The Summit had been scheduled for Oct. 5 and 6 in Singapore. A Second Defeat For The Foundation This was not the foundation’s first attempt. A May 9 vote on an earlier proposal — which sought around 14 million ADA for the event — drew support from only 10% of Delegated Representatives, known as DReps. These are individuals or organizations that ADA holders can delegate their voting power to, and their bloc proved decisive both times. The foundation responded by cutting the funding request nearly in half, but the revised ask still failed to cross the approval line. The rejections came amid a months-long standoff between Cardano founder Charles Hoskinson and a faction of DReps pushing for tighter controls on treasury spending. The network’s total value locked stands below $129 million, placing it 28th among all blockchains. A Smaller Presence Still Possible Not everything tied to the Singapore plans fell through. EMURGO, the investment and commercial arm of the Cardano blockchain, secured approval to represent the ecosystem at TOKEN2049 , a separate conference set for Oct. 7 and 8 in the same city. Hoskinson said he is currently assessing interest in turning the booth into what he called an embedded MiniSummit. Cardano carries a market capitalization of $8.8 billion despite the low network activity figures. It’s still too early to tell if a bigger TOKEN2049 event can bridge the gap left by the Summit’s cancellation. Featured image from Unsplash, chart from TradingView

2 Jun 2026, 07:00

Arthur Hayes Bets $100K On Hyperliquid, Says HYPE Will Beat Solana By Year‑End

As Hyperliquid (HYPE) reaches new all-time highs (ATHs), Arthur Hayes has bet six figures that the token will continue to rally and outperform Solana (SOL) in the coming months. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen Arthur Hayes Doubles Down On Hyperliquid On Sunday, BitMEX co-founder Arthur Hayes reaffirmed his bullish outlook for Hyperliquid, affirming that the token will outperform the leading cryptocurrencies by market capitalization. In an X post, he asked long-time Solana believer and Chairman of Forward Industries, Kyle Samani, to do “a gentleman’s charitable bet” on which token would have the best performance by the end of the year. “I put $100k on the line to a charity of your choice that HYPE outperforms any other current top ten crypto in USD terms from now until year end. Who is your champion?” Hayes stated. Samani accepted the deal, choosing Solana as HYPE’s competitor. Notably, the Forward Industries chairman has been publicly critical of Hyperliquid, previously alleging that “Building trust is antithetical to the way Hyperliquid operates” and calling it “Binance 2.0” regarding its regulatory status in the US. Hayes’s bet follows his conviction on HYPE’s future price action. He recently affirmed that Hyperliquid “should at a minimum overtake SOL before this bull run is over,” citing the performance of most top cryptocurrencies on short and mid-term timeframes. Earlier this year, he also asserted that the cryptocurrency could surge to $150 by August 2026, roughly 5x higher than its then-$30 price, even if the broader crypto market continues to perform weakly. Since then, the token has already surged nearly 2.4x, flipping Dogecoin (DOGE) to enter the top 10 cryptos by market capitalization, and continuing to reach new all-time highs over the past few weeks. HYPE To Rally To $163? Over the weekend, Hyperliquid broke past the $65 resistance and began a multi-day price discovery streak that has been developing since Friday. After breaking the $70 on Sunday, the cryptocurrency jumped nearly 6% to reach its latest all-time high of $74.18 on Monday morning. Amid this performance, market observer Ali Martinez retracted his previous warning about a potential top, noting that “HYPE continues to make new record highs, pushing deeper into price discovery.” Last week, the analyst shared the “unpopular opinion” that Hyperliquid had reached its market top after reaching its recent highs and printing sell signals on the TD Sequential daily and three-day charts. As reported by NewsBTC, Martinez had highlighted that HYPE was “approaching a critical resistance area while multiple indicators are flashing warning signs,” following its massive performance. He pointed out that the token was seeing a similar setup to the last two times TD Sequential sell signals appeared on HYPE’s chart, while the RSI and Chande Momentum Oscillator were also at overheated levels, which led to significant corrections. Related Reading: XRP Ledger Targets Flash Loan Attacks With New DeFi Security Proposal Based on that, he stated that Hyperliquid could still push toward $59 or slightly above $60 before momentum faded, warning that a rejection from that area could increase the chances of a retrace toward the $40 support. Now, the analyst noted that these sell signals have been invalidated, and shared potential price discovery rally targets of $97 and even $163, as momentum continues. As of this writing, HYPE trades at $71.8, a 16.8% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

2 Jun 2026, 07:00

ECB Warns Stablecoins Risk Financial Stability and Dollar Dominance

ECB Executive Board member Isabel Schnabel warned today that stablecoins pose three systemic risks: bank runs, monetary policy disruption, and dollar dominance. The global stablecoin market stands near $300B, with USDT and USDC holding roughly 90% of total supply.

2 Jun 2026, 06:59

XRP Tumbles 4% to 15-Week Low Below $1.30 as Kalshi Files for Perpetual Futures

XRP News XRP finally lost the $1.30 floor that traders had defended for several weeks, sliding to fresh 15-week lows in a session marked by the heaviest selling volume of the day. The token fell fr...

2 Jun 2026, 06:58

Mt. Gox Moves $739M in Bitcoin as ETF Outflows Hit Record $3.45B and BTC Slides Below $71K

Bitcoin News Defunct Tokyo-based exchange Mt. Gox shifted a combined 10,422.65 BTC worth roughly $739 million in the early hours of Tuesday, marking its largest single transfer in months and its bi...