Invest ideasNews
4 Jun 2026, 08:49
Trump’s first 500 days in office erase nearly 46,000 Bitcoin millionaires
Though 2025 – the first year of President Donald Trump’s second term – appeared for a time to be delivering on the hopes of the cryptocurrency industry and community, the market eventually shifted decisively downward. Overall, the first 500 days of the Republican’s administration resulted in the loss of 45,904 Bitcoin ( BTC ) millionaire addresses, per the blockchain data tracking address-level wealth that Finbold retrieved from BitInfoCharts and via the Wayback Machine on June 4, 2026. Specifically, shortly after President Trump’s second inauguration on January 20, 2025, there were 157,563 BTC millionaire addresses. By press time, 500 days later, the figure was reduced to 111,659, indicating a 29.13% total loss. This decline was also evident among the addresses with more than $10 million worth of the cryptocurrency, as their numbers stood at 18,801 at the start of the second term and fell by 4,686 – 24.92% – to 14,115. Bitcoin addresses shortly after Trump’s inauguration and 500 days later. Source: BitInfoCharts & BitInfoCharts via the Wayback Machine The steep 2026 decline is also evident in the decrease from January 21, 2026, when there were 132,383 Bitcoin addresses with more than $1 million and 16,453 with more than $10 million in the digital asset. Bitcoin drops nearly 40% during Trump’s first 500 days back in office Notably, cryptocurrency market moves in June 2026 made a significant contribution to the drop in the two figures. Within just four days, Bitcoin plunged approximately 14% from over $73,000 to $63,448. Bitcoin price one-week chart. Source: Finbold This latest, steep decline contributed to the overall BTC price drop of 2026 as the world’s premier digital asset is down 27.50% year-to-date (YTD) overall. Simultaneously, Bitcoin fell about 39% from approximately $103,000 shortly after President Donald Trump’s second inauguration, and it is 50% below the roughly $125,000 highs recorded late in 2025. Why Bitcoin price is crashing in June So far, there have been several important factors in June that likely contributed to the downturn. The decision to sell 32 Bitcoins to help fund preferred stock commitments made by Michael Saylor’s (NASDAQ: MSTR ) strategy drew significant attention, despite the amount being comparatively trivial, due to the company’s traditional ‘diamond hands’ rhetoric. June also featured renewed escalation in the Middle East, and despite the ceasefire between the U.S. and Iran officially holding, the two countries have been exchanging bombs and missiles at an increased rate. Featured image via Shutterstock The post Trump’s first 500 days in office erase nearly 46,000 Bitcoin millionaires appeared first on Finbold .
4 Jun 2026, 08:45
British Pound Holds Near 214.00 Against Yen as Intervention Fears Resurface
BitcoinWorld British Pound Holds Near 214.00 Against Yen as Intervention Fears Resurface The British pound traded weakly against the Japanese yen on Tuesday, hovering near the 214.00 level as market participants remained on edge over potential intervention by Japanese authorities to support their currency. The pair, which has been under pressure from persistent yen weakness, saw limited movement amid cautious trading volumes. Yen Under Pressure, Intervention Watch Intensifies The Japanese yen has struggled against major currencies in recent weeks, driven by the wide interest rate differential between Japan and other advanced economies. While the Bank of Japan has maintained its ultra-loose monetary policy, the Federal Reserve and the Bank of England have kept rates elevated, making the yen a popular funding currency for carry trades. Japanese officials, including Finance Minister Shunichi Suzuki and Vice Finance Minister for International Affairs Masato Kanda, have repeatedly warned against speculative moves. Kanda, who oversees currency policy, stated last week that authorities are watching the market with a high sense of urgency and will take appropriate action if necessary. These verbal warnings have kept traders wary of sudden intervention. Market Reaction and Technical Levels The GBP/JPY pair has been trading in a relatively tight range between 213.50 and 214.50 over the past two sessions, reflecting market indecision. Technical analysts note that the 214.00 level serves as a psychological support, while resistance lies near the recent high of 215.20. Volume has been below average, suggesting that many participants are reluctant to take large positions ahead of potential intervention. A break below 213.50 could accelerate selling pressure, while a move above 215.00 may invite renewed official scrutiny. What This Means for Forex Traders For traders holding GBP/JPY positions, the risk of sudden yen strengthening due to intervention is a key concern. Past interventions by the Bank of Japan have often been executed during thin liquidity periods, such as Asian or London session overlaps, to maximize impact. Traders should monitor official statements and be prepared for sharp, short-lived moves. Additionally, the broader fundamental picture remains supportive for the pound relative to the yen, given the divergence in monetary policy. However, the threat of intervention introduces a layer of uncertainty that may cap upside momentum in the near term. Conclusion The British pound’s weakness against the yen near the 214.00 level reflects a market caught between fundamental drivers and policy risk. While the carry trade dynamic favors further yen depreciation, the specter of official intervention keeps the pair in a cautious holding pattern. Traders should remain alert to verbal cues from Tokyo and be prepared for possible volatility. FAQs Q1: Why is the British pound weak against the Japanese yen? The pound is relatively weaker due to the yen’s broad-based decline driven by Japan’s ultra-loose monetary policy and the wide interest rate gap. However, the pair is also being influenced by fears that Japanese authorities may intervene to support the yen. Q2: What is currency intervention and how does it affect GBP/JPY? Currency intervention occurs when a central bank or finance ministry buys or sells its currency to influence its value. If Japan intervenes by selling foreign reserves and buying yen, it can cause a sharp, temporary strengthening of the yen against the pound. Q3: Should I be worried about holding GBP/JPY positions right now? Risk management is important given the intervention risk. Consider setting stop-losses and reducing position sizes. Monitor official Japanese statements closely, as sudden volatility can occur with little warning. This post British Pound Holds Near 214.00 Against Yen as Intervention Fears Resurface first appeared on BitcoinWorld .
4 Jun 2026, 08:39
Arthur Hayes Dumped HYPE and NEAR: Shill, Pump, Dump, Repeat
Arthur Hayes has done it again. Just now, the BitMEX co-founder and Maelstrom CIO revealed he had sold his entire HYPE and NEAR positions. Why? Rising energy prices tied to tensions in Iran, looming AI IPOs that could drain market liquidity, and a belief that markets may peak sometime between now and September. His solution is to take profits and rotate into Bitcoin. I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay "Reality Test" dropping next Tuesday. TLDR: – Higher energy prices due to Iran war and inventory restocking – 3 Mega AI IPOs between now and early Q3 – Prediction that Trump goes anti-AI to win… — Arthur Hayes (@CryptoHayes) June 4, 2026 Fair enough, but the problem is that just four days earlier, Hayes was singing a different song. Just days ago, he posted “Meow — $HYPE to $150” alongside a cat meme while continuing to promote what he called his “holy trinity” of altcoins: HYPE, ZEC, and NEAR. He even made a $100,000 charity bet with Kyle Samani that Hyperliquid would outperform every top-10 cryptocurrency by year-end. Meow – $HYPE to $150 … Fuck TradFi Fuck the Clarity Act Long live Caesar!!!! pic.twitter.com/UlqtnXuMdk — Arthur Hayes (@CryptoHayes) May 30, 2026 Then came the exit. There’s nothing wrong with taking profits. The issue is that this pattern has become familiar. Back in September 2025, Hayes was also aggressively bullish on Hyperliquid, floating a potential 126x rally and repeatedly talking up the token before later selling millions of dollars worth. At the time, he famously admitted some of the proceeds went toward buying a Ferrari . On September 21 Arthur Hayes sold his entire $HYPE position for $5.1M (He shilled it in stage before) Joking that the gains would cover his Ferrari deposit. This aged like milk now looking at the token price pic.twitter.com/s6SC1bHrBD — StarPlatinum (@StarPlatinum_) May 30, 2026 Eventually, he bought back in, renewed his bullish outlook, and resumed promoting the trade. Fast forward to 2026, and it’s the same script all over again, fresh price targets, fresh conviction, fresh narratives, and then another exit. Discover: The best crypto to diversify your portfolio with Arthur Hayes vs. the Community The community is on point. Arthur Hayes would buy a token that’s already moving, promote increasingly aggressive targets, then sell into the resulting momentum. Others questioned how someone could spend days discussing a $150 target only to liquidate an entire position almost immediately afterward. Arthur did it again! Bull post then sell like a scammy KOL. He will regret this time. https://t.co/0inle0M2Ko — Ericonomic (@ericonomic) June 4, 2026 Some Hyperliquid supporters defended Hayes’ right to trade however he wants. They’re correct. He’s under no obligation to hold forever, and nobody is forced to copy his trades. Still, Hayes isn’t just another crypto influencer. He’s one of the industry’s most recognizable figures, a pioneer of crypto derivatives, and someone whose market commentary still carries weight. When he repeatedly builds bullish narratives around a token and then exits shortly afterward, people are naturally going to question him. graphic, cryptonews The frustration isn’t really about just this one trade. It’s becoming a pattern we’ve seen before across ETH, PEPE, ENA, HYPE, and other positions. Hayes’ wallets are public, so everyone can peek at them. But transparency alone doesn’t eliminate criticism when the same sh*t keeps repeating. Hayes is expected to publish a longer essay explaining the decision, and perhaps his macro concerns will prove correct. Markets can change quickly, and prudent risk management is part of the game. In all honesty, crypto doesn’t lack for bullish narratives. What it lacks is accountability when those narratives suddenly disappear the moment profits are on the table. Discover: The best pre-launch token sales The post Arthur Hayes Dumped HYPE and NEAR: Shill, Pump, Dump, Repeat appeared first on Cryptonews .
4 Jun 2026, 08:37
Bybit Launches P2P Verified Advertiser Growth Program Offering Up to 400 USDT in Bi-Weekly Rewards
4 Jun 2026, 08:36
Here’s why the Pi Network Coin price has crashed to a record low
Pi Network price just crashed to a record low, continuing a downward trend that has been going on since its mainnet launch early last year. It plunged to a low of $0.1190, bringing its market capitalization to over $1.4 billion, a $18.6 billion lower than its all-time high of $20 billion. This article explores why the Pi Coin price continues its crash. Pi Network price has crashed amid the ongoing crypto market weakness The main reason why the Pi Network Coin has crashed this year is because of the ongoing weakness in the crypto industry that has affected Bitcoin and most altcoins. Data shows that the market capitalization of all tokens has dropped to $2.3 trillion this year. The crypto market has happened because of the ongoing AI frenzy that is happening in the United States, Japan, and South Korea. Just this year, companies like Samsung, SK Hynix, and Micron have entered the $1 trillion market, and AMD will soon join them. The AI boom is simply sulking money from other sectors as investors embrace the Fear of Missing Out (FOMO). Indeed, while the crypto market is falling, top AI coins like Venice AI and Near Protocol have jumped to their record highs. Pi Network has tried to position itself as an AI platform. For example, it recently launched an upgrade to its app developer kit, enabling vibe coders to migrate their apps to the platform and gain access to millions of users. Pi is also working to enter the identity verification industry that Worldcoin and Humanity Protocol are in it. Their goal is to launch a KYC-as-a-Service solution that will offer services to third party companies. Pi Coin’s demand has waned, while supply is rising The token has also fallen because of the ongoing demand and supply dynamics. Data shows that the daily volume stood at less than $20 million today, June 4. This volume is a tiny one for a cryptocurrency valued at over $1.4 billion. Pi Network’s volume has remained weak despite some major developments. It has already listed on Kraken, a top American crypto exchange. Most recently, OKX expanded its service and made it possible for Americans to buy it. On the other hand, the amount of Pi tokens in circulation continues to grow this year because of its token unlocks. The network has unlocked millions of tokens in the past few months and data shows that more than 160 million coins will come online this month. READ MORE: Pi Network price prediction ahead of the Kraken listing on March 13 Still, Pi Network has some potential catalysts in the coming months. For example, the network is continuing its upgrade that will make it faster and introduce smart contracts. At the same time, the recently launched CiDi games have become popular in the platform, a move that will lead to a higher utility. Pi Coin price technical analysis Pi Network price chart | Source: TradingView The daily chart shows that the Pi Network price has crashed in the past few months. It tumbled to a record low of $0.1190, much lower than the March high of $0.2980. The coin moved below the previous all-time low of $0.1305, its lowest point in February this year. It has moved below all moving averages and the Ichimoku cloud indicators. Therefore, the path of the least resistance for the token is downwards, potentially to the key support level at $0.100. The post Here’s why the Pi Network Coin price has crashed to a record low appeared first on Invezz
4 Jun 2026, 08:35
Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse
BitcoinWorld Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse Cardano’s native token, ADA, has fallen below the $0.20 mark for the first time in months, following a series of blows to the blockchain’s ecosystem. The price drop comes after founder Charles Hoskinson announced he would be taking a break, and as key projects within the network shut down amid waning community support. Hoskinson’s Break and Market Reaction Charles Hoskinson, the public face of Cardano, revealed his decision to step away from day-to-day operations in a recent statement. He cited a deteriorating crypto market since the beginning of the year and predicted that many projects within the Cardano ecosystem would not survive. Hoskinson’s announcement was made shortly after TapTools, a data analytics platform that had operated within Cardano for four years, declared it was ceasing operations. The news sent shockwaves through the community, accelerating a sell-off that pushed ADA to $0.1951, down 9.97% in the past 24 hours, according to CoinMarketCap. Community Rejects Key Funding Proposal Compounding the negative sentiment, the Cardano community recently voted against a proposal to finance the ‘Cardano 2026 Summit’ in Singapore. The rejection forced organizers to cancel the event entirely. Hoskinson pointed to a lack of community will to spend money on advancing projects and low support for funding ecosystem growth. This decision has raised questions about the network’s ability to sustain its development and marketing efforts. What This Means for Cardano’s Future The simultaneous departure of a key founder, the shutdown of a long-standing analytics tool, and the community’s refusal to fund a major summit paint a grim picture for Cardano. The network, once a top contender in the smart contract space, now faces an existential crisis. Investors are concerned that without strong leadership and community backing, Cardano may struggle to compete with more active ecosystems like Ethereum and Solana. The price action reflects these fears, with ADA trading at levels not seen since the depths of the 2022 bear market. Conclusion Cardano’s current situation is a stark reminder of the volatility and fragility of blockchain projects. The combination of founder fatigue, project closures, and community disengagement has created a perfect storm for ADA. Whether the network can recover will depend on new leadership emerging and the community finding a renewed sense of purpose. For now, the market is voting with its feet. FAQs Q1: Why did Charles Hoskinson announce a break? Hoskinson cited the worsening crypto market and predicted many projects within Cardano would collapse. He also expressed frustration with low community support for funding ecosystem growth. Q2: What is TapTools and why did it shut down? TapTools was a data analytics platform that operated within the Cardano ecosystem for four years. It ceased operations due to financial difficulties, likely exacerbated by the broader market downturn. Q3: How low can ADA go? Analysts warn that if bearish sentiment continues, ADA could test support levels around $0.15. However, a recovery depends on renewed community engagement and ecosystem development. This post Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse first appeared on BitcoinWorld .
