hodler

3 Jun 2026, 08:40

Crypto News, June 3: BTC USD Evil Number at $66K, Peter Schiff Calls for $20K, Geopolitical Fear Porn Everywhere

The crypto market is getting hammered, BTC USD slips to the devilishly symbolic $66,000 level following fresh geopolitical turmoil in the Middle East. Right on cue, Peter Schiff has returned to tell everyone Bitcoin is doomed. Some things never change. The latest selloff comes as US spot Bitcoin ETFs continue bleeding capital. Funds have recorded $1.67 billion in weekly outflows, with recent totals exceeding $4 billion over the past few weeks. Bitcoin ETF Flows, Coinglass That’s becoming one of the biggest obstacles for BTC right now. Institutions appear to be rotating into AI stocks, defense names, energy plays, or simply parking cash in high-yield Treasuries while market uncertainty grows. Buffett himself said that he is sitting on a pile of cash, as markets are getting way closer to a casino environment. Still, Bitcoin has visited the $66K region several times this year. Each previous test attracted buyers and was followed by a rebound toward $70,000 and beyond. Bitcoin (BTC) 24h 7d 30d 1y All time Discover: The best crypto to diversify your portfolio with Iran Escalation Sends BTC USD to $66K, Peter Schiff A Happy Man The decline accelerated after Iran reportedly launched missiles and drones toward targets in Kuwait and Bahrain, damaging infrastructure and disrupting flights. US Central Command intercepted part of the attack as tensions with Washington rose following the collapse of recent peace discussions. Markets reacted exactly as expected. Oil moved higher, investors sought safety, and risk assets found themselves first in line for selling pressure. Peter Schiff, Bitcoin’s longest-running critic, wasted little time making fresh bearish predictions. According to Schiff, a breakdown of major support could eventually send BTC below $50,000 and even under $20,000. JUST IN: Peter Schiff says Bitcoin will crash below $20,000. pic.twitter.com/LDkn5PkmdF — Watcher.Guru (@WatcherGuru) June 2, 2026 His warnings generate headlines every cycle, though critics point out he’s been calling for Bitcoin’s collapse for well over a decade while the asset has repeatedly recovered from far worse drawdowns. In Contrast, Coinbase CEO Brian Armstrong has reportedly described the current selloff as temporary, maintaining his long-term bullish view that Bitcoin could eventually reach seven figures. BREAKING: Coinbase CEO Brian Armstrong says people without at least 5% exposure to Bitcoin could “regret it” by the end of the decade. He believes $BTC could reach $1,000,000 by 2030 as institutional adoption, ETFs, and global demand continue accelerating. The biggest risk… pic.twitter.com/kbN0uFyNDM — Bitcoin professor (@Bitcoinprof0637) June 2, 2026 Discover: The best crypto to diversify your portfolio with Trump, Iran, and Market Uncertainty Geopolitical tensions remain the dominant story. President Trump dismissed reports claiming the US and Iran have stopped communicating, calling them “fake news.” BREAKING: President Trump says that reports claiming the US and Iran have stopped speaking are "fake news." pic.twitter.com/OUPNq5nTQi — The Kobeissi Letter (@KobeissiLetter) June 2, 2026 Although the peace agreement that emerges remains unclear. If tensions continue to escalate, crypto could face additional volatility alongside equities and other risk assets. Even with stocks doing great, breaching all-time high after all-time high. One noticeable trend during the latest panic has been increased demand for stablecoins and digital dollars as crypto holders seek shelter without fully leaving the crypto ecosystem. Stablecoins market cap, Defillama In reality, Bitcoin at $66K feels ugly. The markets are reminding everyone they’re markets. ETF outflows, geopolitical risk, and recession fears are creating a difficult setup at the moment. But Bitcoin has survived wars, banking crises, exchange collapses, pandemics, and countless eulogies written by its critics. The near-term outlook remains volatile, but Bitcoin continues attracting adoption faster than fear drives investors away. I’m bullish. Discover: The best pre-launch token sales The post Crypto News, June 3: BTC USD Evil Number at $66K, Peter Schiff Calls for $20K, Geopolitical Fear Porn Everywhere appeared first on Cryptonews .

2 Jun 2026, 12:44

CHZ surges 7% on Chiliz fan token partnership

Chiliz has emerged as one of the best-performing cryptocurrencies among the top 100 by market capitalization on June 2nd. The token is up 7% over the past 24 hours and has climbed above the $0.03500 level. The positive performance comes as Chiliz announces a key partnership. In addition, CHZ's technical indicators have turned bullish, suggesting the potential for further gains in the near term. Royal Belgian Football Association to launch fan token on Chiliz CHZ is outperforming the broader cryptocurrency market after Chiliz announced a strategic partnership with the Royal Belgian Football Association (RBFA). On Monday, the Chiliz team revealed that it had partnered with the RBFA to launch an official fan token for the Belgian national team on the Socios.com fan engagement platform. With this development, Belgium joins a global network of national teams on Socios.com, including Argentina, Portugal, Italy, and South Africa. Commenting on the partnership, Peter Willems, CEO of the Royal Belgian Football Association, said: “This collaboration will allow us to create innovative digital experiences and bring fans closer to our teams. As we continue to evolve our fan engagement strategy, we look forward to creating meaningful interactions that strengthen the bond between our teams and supporters around the world.” Chiliz has recorded an increase in fan token launches in recent months ahead of the FIFA World Cup later this month. The team added that the official Belgium Fan Token Offering (FTO) will begin on the Socios.com app on June 3, 2026, at 10:00 CEST and run for 24 hours until June 4, 2026, at 10:00 CEST, or until the allocation is sold out. A total of 2 million BELG fan tokens will be issued at a launch price of $1.00 per token. Chiliz technical outlook: CHZ could extend gains above $0.040 The CHZ/USD four-hour chart remains bearish despite the token's positive performance over the past 24 hours. However, momentum indicators suggest the bearish trend may be losing strength, opening the door for a potential bullish move. The Relative Strength Index (RSI) stands at 57, above the neutral 50 level, indicating that selling pressure is fading. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is approaching the neutral zone, further supporting the view that bearish momentum is weakening. If bulls regain full control of the market, CHZ could break above the four-hour Transactional Liquidity (TLQ) resistance level at $0.0374. A daily close above that level could pave the way for a move toward the $0.0435 zone, which the token last tested within the past two weeks. Source: TradingView The monthly high near $0.050 remains the next major hurdle for buyers. However, if bearish pressure returns, CHZ could retest Monday's low of $0.0327 in the coming sessions. A break below that support level could expose the token to further downside, potentially sending it toward the $0.031 area for the first time since February 27. The post CHZ surges 7% on Chiliz fan token partnership appeared first on Invezz

2 Jun 2026, 11:08

Toncoin jumps as Durov revives Gram name and bulls eye major breakout

TON, the native token of The Open Network, is up by 4% in the last 24 hours, making it the best performer among the top 20 cryptocurrencies by market cap. The positive performance comes amid network upgrades, fee cuts, and Telegram’s push for a larger role in TON governance. Unlike the broader crypto market, TON’s technical indicators are also bullish, suggesting a further rally in the near term. Durov renames TON to Gram Telegram CEO Pavel Durov announced on Monday that TON will be renamed Gram, marking a return to the original name proposed in TON’s early white paper. In his Telegram post , Durov stated that this latest development is his ongoing “Make TON Great Again” initiative and framed it as a return to the project’s foundational identity. “Gram was the original name of TON’s currency in the first white paper,” Durov wrote. “We’re returning to our roots — and starting a new chapter.” However, the blockchain itself will continue to operate under the name The Open Network (TON), while its native token will adopt the Gram branding. The Telegram CEO noted that the change will take around three weeks to complete, with the rebranding representing the fourth milestone in Durov’s seven-step “Make TON Great Again” (MTONGA) campaign. Telegram has previously revealed that it intends to initiate a network upgrade that would make TON ten times faster, reduce transaction fees by roughly six times, and ensure that Telegram becomes a key ecosystem steward and validator. The Gram was first mentioned in Telegram’s original blockchain project launched in 2018, which was initially intended to power a decentralized payments ecosystem. However, the original initiative was abandoned in 2020 following legal pressure from the US SEC. Telegram halted its token sale back then and refunded investors. The project morphed into The Open Network, which later became closely integrated with Telegram’s messaging and payments ecosystem. TON bulls target the $2.9 swing high The TON/USD 4-hour chart is bullish and efficient as Toncoin is currently outperforming the other major cryptocurrencies. At press time, TON is trading at $2.015. The pair has established a strong support at $1.70 and could extend its rally in the near term. The momentum indicators also suggest a strong bullish outlook for TON. The MACD lines are within the positive territory, while the RSI of 61 shows that TON is bullish but not yet in the overbought region. If the bulls push higher, TON could retest the Monday high of $2.286 in the near term. A daily candle close above this level would allow TON to surge towards the $2.903 swing high created on May 7th. However, if the sellers regain control, TON could retest the Monday low of $1.865. Failure to defend this level could see TON dip towards the Transactional Liquidity (TLQ) and support level at $1.708. The post Toncoin jumps as Durov revives Gram name and bulls eye major breakout appeared first on Invezz

2 Jun 2026, 08:37

Crypto News, June 2: Bitcoin Price Flash Crashes Below $70K, Saylor Explains Strategy Sale, Trump Saving Bibi’s Ass

Bitcoin price endured a brutal start to the week, briefly crashing below $70,000, just now, for the first time since April. This has also triggered a wave of liquidations of $766 million as news on Saylor and Strategy Bitcoin selling hit the market’s trust. The selloff arrived amid concerns surrounding Mt. Gox, whose latest Bitcoin transfer brought fears of creditor distributions. At the same time, rising geopolitical tensions involving Iran, President Donald Trump, and Israeli Prime Minister Benjamin Netanyahu added another layer of uncertainty. ALERT: MT GOX MOVED $739 MILLION bitcoin:native pic.twitter.com/HzlND2XI78 — Arkham (@arkham) June 2, 2026 Discover: The best crypto to diversify your portfolio with Bitcoin Price Falls Below $70K as Mt.Gox Awakens and Gets Active Bitcoin’s drop below the psychologically important $70,000 level has somehow caught us off guard. While there was no single catalyst behind the move, weeks of weakening momentum, ETF outflows, and growing market fear created the conditions for a sharp downside break. Once key support levels failed, leveraged positions were quickly liquidated, accelerating the decline. Major altcoins followed Bitcoin lower, though Bitcoin’s dominance level is dropping under 60%, showing the strength of altcoins. Bitcoin dominance, TradingView The market’s anxiety intensified after Mt. Gox transferred 10,306 BTC, or $731 million, from cold storage into new and hot wallets. The movement marked the largest transfer from the estate in more than two months and sparked speculation that additional creditor repayments are approaching. For years, Mt. Gox has remained one of crypto’s biggest jeopardizers. The collapsed exchange still controls 34,500 BTC, and with the repayment deadline set for October 2026, investors remain sensitive to any activity involving the estate’s wallets. We just don’t want to see a single sale of creditors’ Bitcoins when they receive theirs. It’s going to be ugly for us. Bitcoin (BTC) 24h 7d 30d 1y All time However, previous repayment-related transfers generated short-term volatility, but markets eventually absorbed the selling pressure. Many creditors have waited more than a decade for repayment and may be less inclined to sell immediately than we expect. For now, the uncertainty alone appears sufficient to keep market sentiment fragile. Discover: The best pre-launch token sales Saylor Says Strategy’s Bitcoin Sale Proves Liquidity, It’s a “Nothing Burger,” But Price Says Otherwise As Bitcoin struggled, attention also turned to Strategy after the company sold 32 BTC worth $2.5 million. The transaction sparked debate, fear, and even memes online as people questioned whether the company was quietly reducing exposure after years of aggressive accumulation. Although Bitcoin ran from $12K to its all-time high, the last time Strategy sold their stack. The last time Saylor sold Bitcoin, it marked the exact cycle bottom https://t.co/NjlCzEMKAY — Quinten | 048.eth (@QuintenFrancois) June 1, 2026 But, according to Saylor, the sale was a deliberate demonstration aimed at traditional financial rails, banks, and credit-rating agencies that continue to view Bitcoin as an illiquid or difficult-to-monetize asset on corporate balance sheets. He challenges them by showing that the ability to convert Bitcoin into cash almost instantly is one of the asset’s greatest strengths. By executing a small sale while maintaining its accumulation strategy, Strategy sought to show that Bitcoin can function as a practical treasury reserve, not just simply a long-term speculative holding. People are overthinking the 32 BTC sale. “Why sell?” “Why not just buy less next week?” “Is this bearish?” Michael @saylor already explained the logic: • If Bitcoin can’t be sold, critics say it has no value. • If it has no value, the balance sheet value is zero. • If the… pic.twitter.com/i8Dx2QpMC4 — Alex (@AlexesNakamoto) June 1, 2026 Saylor described the act as a form of economic arbitrage, clearly showing the depth of both Bitcoin’s spot and derivatives markets. In his view, proving liquidity helps lenders and credit agencies better evaluate companies that hold large Bitcoin reserves. The proceeds from the sale were reportedly used to meet corporate obligations, including dividend requirements, while allowing the company to remain a net buyer of Bitcoin overall. Despite criticism surrounding the timing, Saylor dismissed the controversy as a “nothing burger,” insisting that Strategy remains fully committed to expanding its Bitcoin position over the long term. Discover: The best pre-launch token sales Trump Called Netanyahu “Crazy” as Geopolitical Tension Hit Bitcoin and The Market Again Recent reports alleging that Iran continues using crypto networks to bypass sanctions have attracted attention from U.S. regulators and policymakers. The issue has resurfaced amid concerns about how crypto can be used to move funds outside traditional systems. This comes as Axios sources report a growing friction between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. JUST IN: Axios sources say President Trump was "pissed" during call with Israeli Prime Minister Netanyahu and told him off: "You're f*cking crazy. You'd be in prison if it weren't for me. I'm saving your ass. Everybody hates you now. Everybody hates Israel because of this."… pic.twitter.com/Im1NvO1Jdj — BRICS News (@BRICSinfo) June 1, 2026 According to insiders, Trump has become increasingly frustrated with Israel’s approach toward Iran, with reports believing tensions between the two leaders have grown hotter behind closed doors. While political disagreements are nothing new, any deterioration in U.S.-Israel coordination could affect Middle East stability and global markets. For crypto investors, geopolitical events often create conflicting forces. On one hand, rising uncertainty can trigger a big sell-off. On the other hand, Bitcoin is increasingly viewed as a neutral asset that operates outside traditional financial and political systems. As the market digests Mt. Gox developments, Strategy liquidity demonstration, and a growing list of geopolitical concerns, we are now watching with pain. Follow us here for more news, and maybe pains. Discover: The best crypto to diversify your portfolio with The post Crypto News, June 2: Bitcoin Price Flash Crashes Below $70K, Saylor Explains Strategy Sale, Trump Saving Bibi’s Ass appeared first on Cryptonews .

1 Jun 2026, 19:33

Kalshi Eyes Perpetual Futures for XRP, Solana, Dogecoin—And These Altcoins

Kalshi moved swiftly to lock down an emerging market for perpetual futures in the U.S., filing to certify a slate of altcoin offerings

1 Jun 2026, 16:54

BitMine Adds $52M ETH, Whale Dumps $136M, Whitehat Unlocks $2M From 2016 ICO

Ethereum News Publicly traded treasury firm BitMine Immersion Technologies extended its Ethereum accumulation streak last week, scooping up another 26,497 ETH worth roughly $52 million as the asset...