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  • JUNE 5, 2026 (13)

  • Hack Nidhi Kolhapur Jun 5, 2026 11:27 UTC

    Supra Labs CEO’s X Account Hacked in Fake Token Promotion Scheme

    The X account of Supra Labs CEO Josh Tobkin was compromised on June 5, with attackers using the profile to promote fraudulent $SUPRA tokens on Solana and Ethereum and direct users to a phishing airdrop website. Supra Labs quickly warned users not to send funds or connect wallets, stressing that its official token operates on the project’s Layer-1 mainnet launched in 2024. The incident highlights ongoing social engineering risks in the crypto industry, where compromised social media accounts are frequently used to distribute scams. Team members issued alerts across community channels while Tobkin works to regain account access. No confirmed user losses have been reported so far. Supra Labs urged users to rely only on official communication channels for updates and token information.

  • Stablecoin Nidhi Kolhapur Jun 5, 2026 10:58 UTC

    Ethereum Dominates Stablecoin Growth While Tron Powers High-Volume Payments

    Ethereum has added $102.4 billion in stablecoin supply over the past three years, bringing its total to roughly $158–177 billion, according to Token Terminal data. The network now hosts about half of the global stablecoin market tracked by DeFiLlama. Tron ranks second, adding $43.1 billion in stablecoin supply and reaching approximately $90 billion, largely driven by USDT. The network also reports 385 million accounts, 14.3 billion lifetime transactions, and a peak throughput of 285 transactions per second. The divergence highlights how the two blockchains have specialized. Ethereum remains the leading platform for decentralized finance, tokenized assets, and institutional activity, while Tron focuses on low-cost payments and high transaction volumes, particularly in emerging markets. Together, the trends reflect growing real-world adoption of stablecoins across different financial use cases.

  • Bitcoin Nidhi Kolhapur Jun 5, 2026 10:52 UTC

    Grayscale Warns Strategy’s Bitcoin Model May Be Adding Market Pressure

    Grayscale Head of Research Zach Pandl said concerns are growing around Strategy’s leveraged Bitcoin accumulation strategy after the company disclosed the sale of 32 BTC. According to Pandl, weaker performance in Strategy’s preferred shares could raise dividend costs, increasing financial pressure and potentially leading to additional Bitcoin sales. The comments matter because Strategy is one of the largest corporate holders of Bitcoin, and changes in its buying or selling activity can influence broader market sentiment. Grayscale believes the company’s ability to continue accumulating BTC may be becoming more constrained. Pandl added that Bitcoin could require new sources of demand before establishing a more durable market bottom, with ongoing uncertainty contributing to elevated volatility.

  • Altcoins Nidhi Kolhapur Jun 5, 2026 07:00 UTC

    Pi Network Completes Protocol 24 Upgrade, Sets June 18 Deadline for Next Migration

    Pi Network announced the successful completion of its Protocol 24 upgrade, describing the transition as one of the most complex migrations the network has undertaken. The project thanked node operators for helping maintain network stability throughout the upgrade process. The milestone matters because protocol upgrades are designed to improve network performance, security, and infrastructure while ensuring compatibility across the ecosystem. A successful migration also reduces the risk of disruptions for users and node operators. Pi Network has already shifted its focus to Protocol 25, confirming that the next migration phase is underway with a deadline of June 18. Participants are expected to complete the required updates before the cutoff date to remain aligned with the network’s latest version.

  • Altcoins Nidhi Kolhapur Jun 5, 2026 06:36 UTC

    a16z Expands HYPE Position as Unrealized Gains Reach $131 Million

    An entity linked to venture capital firm a16z has continued accumulating HYPE, withdrawing 224,118 tokens worth approximately $15.16 million from major exchanges over the past 24 hours. The latest purchases increase its total holdings to about 6.91 million HYPE tokens. The accumulation is notable because it signals continued conviction from a major crypto investor despite recent market volatility. Based on an average acquisition cost of roughly $46.70 per token, the position is currently valued at around $322 million and carries an estimated unrealized profit of $131 million. Market participants will be watching whether the ongoing accumulation trend continues, as large institutional purchases can influence sentiment and liquidity in the HYPE market.

  • Bitcoin Qadir AK Jun 5, 2026 06:09 UTC

    Whale Bitcoin Transfers to Binance Surge as Market Selloff Deepens

    Bitcoin’s June decline has intensified, with the asset down 14% for the month as large holders increase transfers to Binance. Data shows whale inflows—transactions exceeding 100 BTC, or roughly $6 million—spiked to about 8,200 BTC on June 2 and more than 6,400 BTC on June 4. The trend matters because rising exchange deposits are often viewed as a sign that investors may be preparing to sell. Average monthly whale inflows to Binance have climbed from around 1,200 BTC in mid-April to more than 2,800 BTC, more than doubling in recent weeks. The increase adds short-term selling pressure, but similar spikes previously occurred during Bitcoin’s February drop below $60,000, suggesting some of the activity may reflect late-stage risk management rather than a coordinated market exit.

  • Crypto Regulations Nidhi Kolhapur Jun 5, 2026 06:04 UTC

    South Korea Opens First Probe Into Polymarket Users Over Illegal Betting

    South Korean police have launched their first investigation into local users of Polymarket, the world’s largest prediction market, on suspicion of illegal gambling. According to ChosunBiz, the probe is being led by Gangwon Provincial Police following a request from the National Police Agency. The case matters because South Korean law prohibits betting on platforms outside the state-authorized Sports Toto system. Individuals found violating Article 246 of the Criminal Act can face fines of up to 10 million won. Authorities are reportedly examining trading activity linked to Polymarket markets on South Korea’s June 3 local elections, where betting volumes reached tens of billions of won. The investigation could set a precedent for how prediction markets are regulated in the country.

  • Ethereum Nidhi Kolhapur Jun 5, 2026 02:41 UTC

    Why Ethereum Price is Down?

    Ethereum’s price continued to decline even as staking demand remained strong. More than 3.1 million ETH, worth about $5.45 billion, is currently waiting to enter staking, compared with roughly 49,700 ETH queued for withdrawal. The disconnect matters because staking demand is often viewed as a bullish signal, reducing liquid supply and reflecting long-term commitment from holders. However, broader market conditions, risk-off sentiment, leverage unwinding, and profit-taking can outweigh positive on-chain indicators in the short term. A key trend to watch is that staking entry requests have declined since early May. If that slowdown continues, it could signal weakening demand even as the staking queue remains heavily skewed toward deposits over withdrawals.

  • Hack Nidhi Kolhapur Jun 5, 2026 02:37 UTC

    Arthur Hayes Exits Zcash After Orchard Exploit

    Crypto investor Arthur Hayes said he sold his entire Zcash position following disclosure of the Orchard Pool vulnerability that could have enabled undetectable counterfeit ZEC creation. While he described exploitation as unlikely, he argued that the possibility cannot be cryptographically ruled out. The decision matters because Zcash’s value proposition is built on strong privacy guarantees and trust in its monetary supply. Hayes said the incident challenged his investment thesis, prompting a reassessment despite taking profits on the trade. He stated he remains open to rebuilding his position if future verification efforts restore confidence in Zcash’s supply integrity. Hayes added that he continues to hold Worldcoin (WLD) while monitoring developments across the privacy-focused crypto sector.

  • Altcoins Nidhi Kolhapur Jun 5, 2026 02:34 UTC

    Strategy’s Bitcoin Losses Surpass Bitmine’s Ethereum Drawdown

    Data shared by Degen News shows that Michael Saylor’s Strategy now holds larger unrealized losses on its Bitcoin position than Bitmine’s losses on its Ethereum holdings. Strategy’s paper loss stands at approximately $10.9 billion, compared with $9.2 billion for Bitmine. The shift follows a sharp decline across crypto markets, with both Bitcoin and Ethereum falling significantly over the past week. The comparison matters because it highlights the risks faced by companies that have built large treasury positions around a single digital asset. Investors will be watching whether market conditions stabilize and how both firms manage their long-term crypto strategies amid continued volatility.

  • Altcoins Nidhi Kolhapur Jun 5, 2026 02:25 UTC

    Charles Hoskinson Rejects Exit Rumors as Cardano Faces Funding Challenges

    Cardano co-founder Charles Hoskinson denied rumors that he is leaving the project, stating during a June 4 X Space that his planned break is limited to social media. He said the decision was driven by online harassment and that he will spend the summer focused on development and reflection. The clarification comes as ADA trades near $0.18-$0.19, far below its 2021 peak of $3.10. The update matters because concerns over leadership stability have emerged alongside funding challenges, including the shutdown of TapTools and the cancellation of Cardano’s 2026 summit. Hoskinson said he remains committed to Cardano, while the community continues navigating governance and funding decisions in its decentralized era.

  • Artificial Intelligence Nidhi Kolhapur Jun 5, 2026 02:23 UTC

    Anthropic Says Claude Now Writes Most of Its Production Code

    Anthropic says Claude now generates more than 80% of the code merged into production, up from single-digit percentages before its February 2025 launch. The company reported that Claude can complete software engineering tasks lasting up to 12 hours and outlined scenarios ranging from stalled AI progress to recursive self-improvement, where AI systems help advance future AI development. The update matters because it suggests AI is becoming a larger contributor to software creation, potentially accelerating progress across fields including medicine, mathematics, and scientific research. Critics argue the results reflect improved coding assistance rather than evidence of AGI.

  • Altcoins Nidhi Kolhapur Jun 5, 2026 02:20 UTC

    Zcash Fixes Critical Bug That Could Have Created Unlimited Fake ZEC

    Zcash founder Zooko Wilcox said a critical vulnerability in the Orchard shielded pool was discovered on May 29 and fixed by June 2. Security researcher Taylor Hornby found the flaw, which Shielded Labs confirmed could have allowed attackers to create unlimited counterfeit ZEC without detection. The issue matters because Orchard’s privacy features make it impossible to prove whether the bug was exploited before the fix. Shielded Labs is now exploring a network upgrade to verify Zcash’s total supply integrity.

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