hodler

7 Jun 2026, 23:06

TradFi Futures Surge on Crypto Exchanges as Spot Trading Slows: CryptoQuant

In the latest edition of the weekly CryptoQuant report, analysts have revealed a surge in traditional finance (TradFi) perpetual futures activity even as demand for bitcoin (BTC) remains contracted. Even with the declining demand, BTC trade sizes have signaled significant institutional activity. According to the report, the rising TradFi perpetual futures activity can be seen in crypto exchanges, with Gate and Binance leading the trend. In fact, most exchanges are now diversifying beyond cryptocurrencies and tapping into precious metal-related trading activity. TradFi Perpetual Futures See Increased Activity CryptoQuant noted that the uptick in TradFi perpetual futures activity is driven by rising demand for gold, silver, and oil amid geopolitical tensions between the U.S. and Iran. This trend underscores the growing convergence of traditional and crypto markets; market participants are now using crypto exchanges to access macro assets. Gate is leading the crypto-TradFi convergence market with $368 billion in TradFi perpetual futures volume. Together with Binance, which accounts for $298 billion, the two exchanges have processed roughly two-thirds of all TradFi futures trading volume recorded so far this year. Although other exchanges like MEXC, Bitget, and Bybit also partake in the market share, Gate remains the leader with investments in tokenized stocks, metals, 24/7 derivatives markets, and indices. “As gold and silver prices reached record highs amid persistent inflation concerns, global equities rallied to new highs driven by AI-related optimism, and oil prices surged following heightened geopolitical tensions between the United States and Iran, traders increasingly turned to crypto exchanges to gain exposure through 24/7 markets,” analysts stated. Spot and Perpetual Trading Volumes Decline As TradFi futures activity spikes, spot trading volume declines on centralized exchanges. This metric fell to $679 billion in April 2026, slumping to the lowest level since October 2023. This reflects a decline in activity, thanks to the bear market. Perpetual futures volumes declined alongside, with leverage appetite contracting. Notably, Binance, Bybit, Gate, and Crypto.com rank as the top platforms by cumulative spot volume so far in 2026. Interestingly, Bitcoin liquidity has remained concentrated on a small group of exchanges, with Binance and Gate dominating spot market depth, while Gate, Hyperliquid, Binance, OKX, and Bitget lead perpetual futures liquidity. Additionally, Gate leads institutional BTC activity, as seen in Bitcoin trade sizes on spot and futures markets. The exchange accounts for the highest average Bitcoin spot trade size ($4,000) after reaching a high of $6,200 per trade last year. For the perpetual futures market, Gate also leads with an average of $8,900, sustaining growth that started last year. The post TradFi Futures Surge on Crypto Exchanges as Spot Trading Slows: CryptoQuant appeared first on CryptoPotato .

7 Jun 2026, 22:00

Joseph Lubin-Linked Wallet Ignites Ethereum Dump Fears After $121M ETH Transfer

A wallet linked to one of Ethereum’s co-founders has moved more than $121 million worth of ETH for the first time in over three years, and it could not have come at a worse time for market sentiment. The transfer comes at a sensitive moment for ETH, which reacted by falling to a yearly low of $1,537 in the past 24 hours before recovering slightly back above $1,640 at the time of writing. Joseph Lubin-Linked Wallet Moves 80,001 ETH After Three Years Blockchain analytics platform Lookonchain flagged a notable transfer on June 6, noting that a wallet associated with Joseph Lubin, the co-founder of Ethereum and chief executive of Consensys, moved 80,001 ETH valued at $121.6 million following more than three years of complete dormancy. Before Lookonchain highlighted the activity , the wallet held 243,300 ETH worth around $370 million. However, the movement did not stop with the initial 80,001 ETH transfer. Data from Arkham Intelligence shows that another 30,000 ETH was moved out of the same wallet after Lookonchain’s post, bringing the total outflow to 120,000 ETH within a short period. At the time of writing, the wallet’s remaining balance is at 133,000 ETH, meaning nearly half of the ETH previously held in the address has now been transferred out. The sudden reactivation of the wallet set off alarm bells across crypto social media at a time when Ethereum has already shed about 47% of its value since the beginning of the year. Ethereum has already been trading under pressure in June, and a large movement from a wallet associated with one of the network’s earliest and most visible figures naturally led to panic from other Ethereum traders. Is #Ethereum co-founder Joseph Lubin( @ethereumJoseph ) preparing to dump $ETH ? A wallet linked to Joseph Lubin, which holds 243,300 $ETH ($370M), transferred out 80,001 $ETH ($121.6M) after more than 3 years of inactivity. https://t.co/s6lzxlNpRy pic.twitter.com/f0hyWvQBAm — Lookonchain (@lookonchain) June 6, 2026 Some Whales Buy The Dip While Others Head Out Following the outflows from Lubin’s wallets shows that the cryptocurrencies eventually entered into a DSProxy wallet. While the intentions as to the transactions can be debated, other large holders have been making their moves with more clarity. For instance, Longling Capital, a wallet known on on-chain tracking platforms for its pattern of buying low and selling high, deposited 10,000 ETH worth $15.68 million to Binance, according to Lookonchain. The move to a centralized exchange can be easily interpreted as a precursor to selling from the whale address. However, not every whale is in a selloff mood. One Ethereum OG who sold 60,000 ETH and 9,442 wstETH at approximately $2,040 just a week earlier has already begun buying back the cryptocurrency. Over the past two days, that whale spent $55.8 million to accumulate 35,723 ETH at an average price of $1,563 and may not be done yet, according to Lookonchain data. Featured image from Unsplash, chart from TradingView

7 Jun 2026, 21:08

Bnb price at $570 remains 60 percent below record

🚨 $BNB is trading at $570, 60% below its record high. 🟠 Analysts say a short-term jump to $10,000 for $BNB is unrealistic due to market capitalization limits. 💡 On-chain activity and institutional interest in $BNB remain strong, but regulatory risks tied to Binance still loom. Continue Reading: Bnb price at $570 remains 60 percent below record The post Bnb price at $570 remains 60 percent below record appeared first on COINTURK NEWS .

7 Jun 2026, 19:03

Bybit launches tokenized IPO platform with SpaceX debut

More on SpaceX, Bitcoin USD Revisiting The SpaceX Valuation: A Post-Prospectus Update BTC: Why Bitcoin May Be Bottoming Now, Levels To Watch SpaceX IPO: Boom, Bloodbath, Or Both AI IPO wave could test Wall Street's appetite for new shares How to trade the AI IPO boom without chasing the hype

7 Jun 2026, 18:10

Visa, Mastercard And Coinbase Are Fighting Over How AI Agents Pay

AI agents settle on two rails: Visa and Mastercard’s tokenized cards, or Coinbase’s x402 stablecoin protocol. Visa now settles $7B in stablecoins and is bridging to x402.

7 Jun 2026, 18:00

Bitcoin’s “Electrical Cost” Suggests Possible Bear Market Floor Near $50,000 — Analyst

Bitcoin’s bearish structure over the past few weeks has raised clear concerns about the flagship cryptocurrency’s future. Amid these concerns are speculations concerning its trajectory, some of which point to bottoms as low as $25,000. However, an on-chain analyst recently took to the social media platform X to explain why Bitcoin’s fall to $25,000 is an unlikely scenario in its current cycle. Electrical Cost Model Points To Potential Bitcoin Bottom In a June 6 post on X, crypto analyst Ted Pillows implied that the Bitcoin price might see further declines before a definitive bear market bottom is established. This conjecture is based on the Bitcoin Electrical Cost model. For context, the model estimates Bitcoin’s fundamental production costs by measuring the electricity required to mine new BTC. Because mining operations tend to consume substantial amounts of energy, the metric is often used as a proxy for Bitcoin’s inherent value. This is because it represents the minimum price at which miners can sustainably operate over the long term. Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When In line with historical data, Pillows explained that Bitcoin bear markets have never fallen below this Electrical Cost, despite the severe drawdowns seen during these periods. On the contrary, bear markets have often found bottoms near this crucial price level. Pillows pointed out that Bitcoin’s current Electrical Cost sits at approximately $48,694 — a threshold still somewhat far from Bitcoin’s current market price. According to the analyst, this suggests that the BTC price could find support near $50,000 if the current downturn continues. However, Pillows highlighted a caveat in this analysis, stating that it would take an extraordinary global event for this support zone to be broken. In the event that the world is hit by a recession or a pandemic as severe as COVID, the Bitcoin price could temporarily fall below its estimated production cost due to panic-driven sales. Silent BTC Accumulation On Binance Underway As Outflows Steadily Climb In a Quicktake post on CryptoQuant, analyst CryptoOnchain highlighted an interesting contradiction ongoing within the Bitcoin market. According to the on-chain analyst, BTC accumulation events have been underway on Binance. The analyst noted that technical indicators — notably, the RSI (14) and the EMA50/200 — are telling a clearly bearish story. RSI readings, for example, have fallen to extreme levels near 6.4, and the EMA50/200 currently displays a “Death Cross” pattern. At the same time, Binance’s Exchange Netflows reads as negative (-0.58σ), indicating that Bitcoin is leaving Binance consistently—an event that further suggests its holders are accumulating BTC rather than simply panic-selling. But then CryptoOnchain explained that the unignorable threat of a long squeeze still looms, given the high Open Interest. As of this writing, the price of BTC stands at around $602,388, reflecting an almost 3% jump in the past 24 hours. Related Reading: Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff Featured image from iStock, chart from TradingView