Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff. Summary Michael Saylor pushed back after Jim Cramer blamed him for Bitcoin’s slide below $60,000 following Strategy’s sale of 32 BTC. CryptoQuant and
A new Solana governance proposal called SIMD-0550 aims to double the speed at which the network’s inflation rate is. It targets to eliminate $1.5 billion in future SOL token emissions at current prices and compresses the timeline to reach the terminal inflation floor from 5.7 years down to 2.8. The proposal was submitted by Helius
Uniswap has recorded its largest daily UNI burn under the UNIfication mechanism as Hayden Adams renewed his bullish view on DeFi and Ethereum. Summary Uniswap recorded a new daily burn high after 134,000 UNI tokens were burned in 24 hours. Hayden Adams said he is “extremely bullish on DeFi and Ethereum” despite weak market sentiment.
Pump.fun has launched a new bounty marketplace that has attracted more than 1,100 submissions and listed over 320 active tasks within hours of going live. Summary Pump.fun launches GO, a bounty marketplace with over 320 active tasks and $144,000 in unclaimed rewards. Users are offering crypto payouts for unusual challenges, including tattoos, public stunts, and
The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The House Ways and
Centralized crypto exchange spot volume fell to $679 billion in April 2026, marking its lowest monthly level since October 2023, according to CryptoQuant data cited by Wu Blockchain. Summary CryptoQuant data shows centralized exchange spot volume fell to $679 billion in April 2026. Weak retail demand, lower search interest, and Bitcoin’s pullback reduced activity across
Better Home & Finance Holding Company (NASDAQ: BETR) and Coinbase (NASDAQ: COIN) on Thursday announced the funding of the first Fannie Mae-backed mortgage collateralized by Bitcoin in the United States, marking what the companies called a pivotal moment in bridging digital asset wealth and traditional homeownership. The debut loan was closed by Joe and Amy,
XRP traded near $1.16 on June 7 after a sharp weekly selloff pushed the token close to the $1.00 area. The move gave traders a short-term rebound, but the wider trend remains weak. Summary XRP rebounded near $1.16, but weekly and monthly losses still show weak market structure. Egrag Crypto says XRP still follows his
Cardano price slides into what analysts call a third Elliott Wave decline while Frederic Gregaard says the network keeps building. ADA holders are watching closely. The price chart was already telling a story before anyone said anything. ADA dropped to around $0.162 on the 4-hour chart, and the Cardano pattern traders had been tracking for
Zcash is facing fresh pressure after a critical Orchard pool bug raised questions about private balances, supply checks, and user safety. Summary David Schwartz says unmoved Zcash coins would stay accessible if no exploit occurred before migration. Shielded Labs plans Ironwood to isolate Orchard and verify funds leaving the old pool. ZEC fell sharply after
