hodler

8 Jun 2026, 09:45

ZEC jumps after Orchard fix, but is the worst really over now?

ZEC, the native coin of the Zcash ecosystem, is the best performer among the top 20 cryptocurrencies by market cap. The coin has bounced back by over 40% since dropping below $250 on Friday, following the Orchard bug report. The momentum indicators suggest that the bearish trend is fading, with the bulls now targeting the $500 psychological level. ZODL details a two-step emergency response to the Zero-Knowledge bug ZEC is outperforming the broader cryptocurrency market after adding 9% to its value in the last 24 hours. The rally comes after Josh Swihart, founder of Zcash Open Development Lab (ZODL), revealed new details on how the Zcash development team responded to a critical vulnerability in its Orchard shielded pool. In a post on X, Swihart said ZODL executed a coordinated two-stage emergency upgrade to contain the issue and prevent potential exploitation. https://twitter.com/jswihart/status/2063763238928671118 The first step involved a soft fork that temporarily disabled Orchard transactions, aiming to reduce the risk of exploitation while limiting public disclosure of the full vulnerability details. Swihart said this approach was designed to balance network security with responsible disclosure, ensuring the issue could be contained without exposing sensitive technical weaknesses. Orchard is Zcash’s primary shielded transaction pool, enabling fully private transfers using zero-knowledge proofs that conceal transaction details while still validating their legitimacy. A second upgrade, referred to as NU6.2, was activated on June 3 to address the root cause of the vulnerability and restore Orchard functionality. The update re-enabled shielded transactions after the underlying issue was resolved, according to Swihart. He also noted that mining pools and infrastructure operators, including ViaBTC and Foundry, played a key role in coordinating the emergency response and reviewing the updated code. This latest development comes after a disclosure from independent support group Shielded Labs, which reported a severe flaw in the Orchard pool that could have allowed unlimited minting of counterfeit Zcash tokens. The report resulted in ZEC losing nearly 60% of its value, dropping from $644 on Wednesday to $248 by Friday. Although the vulnerability was fixed before any confirmed exploitation, the revelation triggered significant concern across the crypto community about the protocol’s security guarantees. ZEC eyes the $500 psychological level The ZEC/USD 4-hour remains bearish despite the recent recovery. At press time, ZEC is trading above $420, up by roughly 9% in the last 24-hours. ZEC is now trading above its 200-day EMA at $364, while hovering around its 100-day Exponential Moving Average (EMA) at $428. If the bullish recovery continues and ZEC closes above the $428 level, it could extend its recovery towards the 50-day EMA at $485, followed by the $500 psychological threshold. The Relative Strength Index (RSI) near 50 on the 4-hour chart indicates a declining bearish momentum, while the negative Moving Average Convergence Divergence (MACD) falls below its zero line as the bearish profile expands. However, if the bearish trend resumes, the sellers would encounter immediate support around the $364 region. The post ZEC jumps after Orchard fix, but is the worst really over now? appeared first on Invezz

8 Jun 2026, 09:41

Peter Schiff Blasts Jamie Dimon’s Push for Bank-Style Rules on Stablecoins

Economist Peter Schiff publicly broke with JPMorgan CEO Jamie Dimon on June 7, arguing that stablecoin issuers should not be held to the same capital and compliance standards as banks. The comment surprised many, given that Schiff is well-known for being a huge crypto basher. Schiff Draws a Line Between Banks and Stablecoin Issuers In a post on X, Schiff stated that Dimon wanted crypto companies offering interest-bearing products to be held to the same capital and compliance requirements as traditional banks, a point he thoroughly disagreed with. “That’s nonsense,” he wrote. “Banks are FDIC insured and make risky loans under a fractional reserve system. Stablecoin issuers don’t.” And when a follower pointed out that the position seemed at odds with his history of criticizing crypto’s lack of investor protection, Schiff clarified his reasoning, saying: “Stablecoins have a use case and issuers are not banks, especially if the tokens are 100% backed by dollars and invested exclusively in Treasuries.” Journalist Eleanor Terrett also noted the rarity of the moment, posting on X that it was the first time somebody outside of crypto had argued that stablecoins shouldn’t be put under the same regulations as banks. Dimon’s comments came during a public interview in late May, where he attacked the CLARITY Act, which had been advanced 15-9 by the Senate Banking Committee earlier that month. His objections centered on stablecoin yield provisions, which he said would let crypto companies effectively pay interest on deposits without the protections that banks are subject to and without adequate anti-money laundering (AML) requirements. He also didn’t have kind words for Coinbase CEO Brian Armstrong, who has been lobbying hard for the bill, saying “he’s full of shit.” On his part, Armstrong said that he was “a little perplexed” after Dimon’s comments but insisted that he still had “a lot of respect” for the JPMorgan chief executive. Senator Cynthia Lummis, another strong supporter of the bill, said Dimon had either not read the bill or just wanted to “mislead people.” She pointed out that, contrary to what Dimon was claiming, the CLARITY Act had actually extended provisions of the Bank Secrecy Act to digital assets. A Fight That Has Been Building for Months Dimon’s outburst was the public face of a lobbying campaign that’s been running for months, with the American Bankers Association sending over 8,000 letters to Senate offices in the days leading to the committee vote, pushing for changes to the bill’s language on stablecoin yields. The AML question has also been a real sticking point, with the Bank Policy Institute sharing data showing that last year, illicit crypto flows jumped 162% to hit $154 billion. That figure, it claimed, was partly driven by a nearly 700% increase in value received by sanctioned entities, with stablecoins, mostly Tether’s USDT, accounting for 84% of all illicit transaction volume. Schiff, for his part, hasn’t had a change of heart regarding crypto. As recently as this past weekend, he posted a poll on X asking followers how low BTC would have to fall before they admitted that he’d been right all along about the asset. Additionally, he recently claimed that the flagship cryptocurrency could go as low as $20,000 if it breaks below $50,000. For now, the asset is trading back above $63,000 after a massive price slide that saw it plummet to a 19-month low near $59,000. The post Peter Schiff Blasts Jamie Dimon’s Push for Bank-Style Rules on Stablecoins appeared first on CryptoPotato .

8 Jun 2026, 09:40

Bitcoin Long-Term Holder Exchange Inflows Rise, Hinting at Potential Sell Pressure

BitcoinWorld Bitcoin Long-Term Holder Exchange Inflows Rise, Hinting at Potential Sell Pressure A recent on-chain analysis has revealed a notable uptick in Bitcoin deposits to exchanges originating from mid- to long-term investors. Crypto analyst Shayan highlighted this trend, noting that such movements historically correlate with extended periods of price weakness for the leading cryptocurrency. Understanding the Signal from Dormant Coins When long-dormant Bitcoin begins moving to exchange wallets, it is widely interpreted as a preparatory step for selling. This behavior suggests that investors who have held through previous market cycles are now positioning to realize gains or cut losses, thereby increasing the available supply on order books. According to Shayan’s analysis, this influx of coins from seasoned holders often marks the beginning of a broader distribution phase. The data indicates that the recent inflow spike is not an isolated event but part of a recurring pattern. Historically, similar surges have preceded or coincided with corrective phases in Bitcoin’s price, as the market absorbs the additional sell-side pressure. While not a definitive predictor of an immediate downturn, the metric serves as a cautionary signal for traders monitoring supply dynamics. Market Implications and Context The current on-chain data arrives at a time when Bitcoin’s price has been consolidating after a significant rally earlier in the year. The presence of increased exchange inflows from long-term holders could act as a headwind, potentially capping upside momentum or accelerating a pullback. However, analysts caution that the metric should be weighed alongside other factors, such as overall market liquidity, institutional demand, and macroeconomic conditions. It is important to note that not all exchange deposits result in immediate sales. Some investors may use exchange wallets for custodial purposes or to engage in other financial activities. Nevertheless, the directional trend of long-term holder behavior remains a closely watched indicator for gauging market sentiment and potential inflection points. Why This Matters for Investors For market participants, understanding the behavior of long-term holders provides insight into the conviction of the most experienced cohort of Bitcoin investors. When these holders begin moving coins, it often signals a shift in the market’s supply-demand balance. For casual observers, it underscores the importance of on-chain data in complementing traditional technical and fundamental analysis. Conclusion The rise in Bitcoin exchange inflows from long-term holders, as identified by analyst Shayan, presents a data-driven signal of potential sell pressure. While historical patterns suggest caution, the ultimate impact on price will depend on how the market absorbs this supply. Investors are advised to monitor this trend alongside broader market indicators to form a complete picture. FAQs Q1: What does an increase in long-term holder exchange inflows mean? It typically indicates that long-term Bitcoin investors are moving their coins to exchanges, which is often seen as preparation to sell. This can increase sell pressure in the market. Q2: Is this a reliable predictor of a Bitcoin price drop? Historical data shows a correlation between such inflows and subsequent price weakness, but it is not a guaranteed predictor. Other market factors also play a significant role. Q3: Who is the analyst Shayan mentioned in the report? Shayan is a crypto analyst who specializes in on-chain data analysis. Their observations are based on tracking the movement of Bitcoin from wallets associated with long-term holders to exchange addresses. This post Bitcoin Long-Term Holder Exchange Inflows Rise, Hinting at Potential Sell Pressure first appeared on BitcoinWorld .

8 Jun 2026, 09:40

Bitcoin Price Prediction: Fakeout Risk Grows Below Support

Bitcoin is trying to recover after losing channel support, but analysts remain split on what the breakdown means. One chart points to a possible short-term bounce before deeper downside, while another questions whether the current structure is really a bear flag. Bitcoin Bounce May Be Short-Lived as Analysts Watch for Deeper Drop Toward $39K Bitcoin (BTC) is approaching a key decision point after a sharp decline pushed price into major support. While a relief rally remains possible, analysts warn that any recovery could be corrective and part of a broader bearish structure. Bitcoin Daily Chart (BTC/USD). Source: More Crypto Online on X / TradingView The chart shows Bitcoin completing a decline labeled as wave (1), with analyst More Crypto Online monitoring a potential wave (2) bounce. According to the Elliott Wave count, such a move would likely be a temporary recovery before another leg lower develops. The analysis highlights a potential rebound zone between roughly $67,000 and $77,000. Several Fibonacci retracement levels are clustered in this area, including the 38.2%, 50%, 61.8%, and 78.6% retracement levels, which often act as resistance during corrective rallies. Despite the possibility of a bounce, the broader outlook remains bearish. The chart projects a larger wave (3) decline that could eventually target the $39,000 to $23,000 region, identified as a major support zone from previous market cycles. From a technical perspective, Bitcoin remains below a declining trendline that has capped price throughout the recent correction. As long as BTC stays below that resistance structure, the chart continues to favor a corrective rebound rather than a full trend reversal. For now, traders are watching whether Bitcoin can stage a recovery toward the highlighted Fibonacci resistance zone. A bounce may relieve short-term selling pressure, but the current Elliott Wave structure still points to the risk of additional downside afterward. Bitcoin Breaks Below Channel Support, but Analyst Questions Bear Flag Narrative Bitcoin (BTC) has fallen below a rising channel support that many traders viewed as a potential bear flag. However, analyst SuperBro argues the current structure differs from previous bear flag breakdowns that led to immediate and aggressive selloffs. Bitcoin Weekly Chart (BTC/USD). Source: SuperBro on X / TradingView The chart compares Bitcoin's current price action with a similar setup from the 2022 bear market. During that period, BTC formed a rising channel after a sharp decline. Once support broke, price quickly accelerated lower and triggered another major leg down. In the current cycle, Bitcoin also traded inside an upward-sloping channel following a strong selloff from its highs. Price recently slipped below channel support and dropped toward the $63,000 region, creating a pattern that visually resembles the 2022 setup. However, the analyst notes a key difference. Previous bear flag breakdowns produced immediate downside follow-through after support failed. This time, Bitcoin spent weeks consolidating and repeatedly rebounded after breaking lower, suggesting selling pressure has not been as aggressive as it was during the last bear market. The chart raises questions about whether the current structure should be classified as a traditional bear flag. While the breakdown occurred, the lack of a rapid continuation move has prevented the pattern from developing in the same way as earlier bearish setups. From a technical perspective, Bitcoin remains below the former channel support, which keeps downside risks in place. At the same time, the slower pace of the decline suggests market participants are still debating whether the current move represents the start of a larger selloff or a broader consolidation phase. For now, traders are watching whether Bitcoin can reclaim the broken channel or if sellers regain momentum and push price below recent lows. The answer could determine whether this pattern follows the path of previous bear market breakdowns or develops into a different structure altogether.

8 Jun 2026, 09:27

Bitwise CEO has a message for Crypto investors chasing AI stocks

Hunter Horsley, the CEO of Bitwise Asset Management, encouraged crypto investors on June 8 to focus less on volatile prices and more on the fundamentals of the projects involved. This advice is worth noting since Bitcoin is currently trading at around $62,800, while the overall market is way behind AI stocks. This statement follows from the tough situation of crypto allocators. As the Nasdaq-100 rises by 43%, with lots of money being invested in the robotics industry and SpaceX, the appeal of momentum-trading crypto has disappeared. However, according to Hunter Horsley, the change is no reason to stop trading cryptocurrencies. But it does demand a different investing posture. Bitwise sees a new era for Crypto investing On his post on X, Horsley advised investors to take a step back and not concentrate on the news of the week or the month’s price movements. Instead, he urged people to focus on two things – real progress in the project and year-on-year performance of the assets. Horsley explained what he meant by “real progress,” namely, on-chain adoption stats, technological products with good product/market fit, integration with corporations and institutions, and the competency of the teams behind the projects. Two days prior , Horsley made a more straightforward point regarding the frustrations of the crypto market. The author acknowledged that crypto investors are green-eyed with envy towards the profits brought by AI and space technology, but the reality is that the breakthroughs in technology took much longer to accomplish. For example, SpaceX was founded in 2002 and faced numerous failures, while OpenAI was established back in 2015, seven years before ChatGPT became widely known. Horsley pointed out that there is a gap between crypto natives and institutional capital coming into the market. As Horsley noted, crypto investors “are not used to an environment in which an hour is fast. A day is fast. A week is a meaningful period of time, and nobody can recall what was going on 4 weeks ago,” quoting an interview with Milk Road on June 5. The institutional capital works to a different timeline and will likely be better suited for the times ahead. That view is consistent with the comments from Matt Hougan, chief investment officer at Bitwise, writing in a market memo on June 2 that crypto was going through “a painful transformation – from momentum trade to contrarian investment.” Hougan believed that investors’ focus shifted to artificial intelligence stocks, robotics firms, and private companies like SpaceX, leaving crypto to rely on long-term fundamentals rather than momentum-based storytelling. The memo is one of the most prominent admissions from Bitwise yet that the next stage of crypto requires something else beyond speculators’ inflows. Why some Crypto assets are outperforming According to Hougan, there was evidence that the market had started recognizing value based on fundamentals, not the macro story. Examples of cryptocurrencies that increased in price by 72%, 50%, 44%, and 17% included Hyperliquid, Zcash , Stellar, and BNB, respectively; none of these assets moved because of the market’s strength. “When crypto stops being a momentum trade, fundamentals start to matter,” Hougan wrote. In addition to the SEC Rule, Hougan pointed ou t the Digital Asset Market Clarity Act, more commonly referred to as the CLARITY Act, as another highly significant but unresolved variable for institutional cryptocurrency adoption. The proposed legislation aims to provide greater clarity on the issue of jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It will establish a regulatory structure for digital commodity trading platforms, brokers, and dealers. Proponents believe that the legislation may help alleviate the uncertainty issues preventing the entry of large allocators into the cryptocurrency market, despite criticism from opponents. Both Horsley and Hougan have placed the same bet, but from opposite perspectives, as both believe that the next wave of growth in the crypto market will come from people evaluating their projects as they would evaluate any company, rather than how they speculate on memecoins. Whether the bet pays off will depend on whether the institutional money follows through and whether there is regulatory clarity in Congress. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

8 Jun 2026, 09:25

GBP/USD Forecast: Bearish Pressure Mounts as 1.3240 Support Comes Into Focus

BitcoinWorld GBP/USD Forecast: Bearish Pressure Mounts as 1.3240 Support Comes Into Focus The British pound is facing renewed selling pressure against the US dollar, with technical analysts pointing to a likely test of the 1.3240 support level in the coming sessions. The currency pair has been trending lower since failing to hold above the 1.3400 handle, and momentum indicators are now aligning with a bearish outlook. Technical Breakdown: Key Levels to Watch The 1.3240 level represents a significant support zone, corresponding to a prior swing low and the lower boundary of a short-term descending channel. A break below this level would open the door for a move toward the 1.3150 region, which marks the 50-day moving average. On the upside, resistance is now clustered around 1.3320 and 1.3400, with the latter serving as a critical pivot point for any potential reversal. Fundamental Drivers Weighing on Sterling The pound’s weakness is being driven by a combination of factors. The US dollar has regained strength on the back of hawkish Federal Reserve commentary and resilient US economic data, which has pushed Treasury yields higher. Meanwhile, the Bank of England’s cautious stance on rate cuts has failed to provide sustained support for the pound, as markets continue to price in a more accommodative path compared to the Fed. Market Implications for Traders For short-term traders, the 1.3240 level offers a clear line in the sand. A decisive break below this level on a daily closing basis would confirm the bearish bias and could trigger further selling. Conversely, a bounce from support could present a short-term buying opportunity, though upside may be limited without a catalyst to shift the broader sentiment. Conclusion The GBP/USD pair remains under pressure, with technical and fundamental factors aligning to favor further downside toward 1.3240. Traders should monitor this level closely, as a breakdown could accelerate losses. A sustained move below 1.3150 would signal a more significant trend shift. FAQs Q1: What is the next key support level for GBP/USD? The next major support is at 1.3240, followed by 1.3150 if that level breaks. Q2: Why is the British pound weakening against the US dollar? The pound is under pressure due to a stronger US dollar, driven by hawkish Fed expectations and resilient US economic data, while the Bank of England’s outlook appears more dovish by comparison. Q3: What could reverse the current bearish trend in GBP/USD? A reversal would likely require a weaker-than-expected US economic report, a dovish shift from the Fed, or a stronger UK economic data surprise that changes the relative monetary policy outlook. This post GBP/USD Forecast: Bearish Pressure Mounts as 1.3240 Support Comes Into Focus first appeared on BitcoinWorld .