Brief Summary:
Bitcoin fell below $73,000 this morning, hitting its lowest level since April 13 as U.S.-Iran strikes rattled global markets.
Brent crude jumped toward the mid-$90s, reviving inflation concerns and pressuring risk assets.
Crypto liquidations totaled roughly $958.8 million over 24 hours, with longs accounting for about $897 million.
Ethereum broke below $2,000 for the first time since late March, while Ether futures open interest hit a record 16.39 million ETH.
BlackRock’s IBIT saw $527.84 million in net outflows Wednesday, its second-largest single-day withdrawal since launch.
The 11 U.S. spot Bitcoin ETFs lost a combined $733.43 million Wednesday, with more than $2 billion leaving the complex over two weeks.
Samsung affiliates agreed to buy a combined 4% stake in Dunamu, operator of Upbit, for about $408 million.
VanEck’s tokenized Treasury fund VBILL is now live on Euler, allowing tokenized U.S. Treasuries to be used as onchain collateral.
The White House is reviewing a proposed CFTC rule on prediction markets, which could shape Kalshi, Polymarket, sports, election, and event-contract markets.
The CFTC and Gemini jointly asked a federal court to unwind Gemini’s old $5 million settlement.
Reuters reported that UniCredit warned Europe may be less able than the U.S. to contain crypto-bank shocks.
A Google engineer was charged over alleged insider trading on Polymarket using confidential Google search data.
U.S. Treasury operations from May 28 to June 5 could drain roughly $150 billion in liquidity, adding another macro pressure point for Bitcoin.
CoinMarketCap’s Altcoin Season indicator fell to 30 out of 100, showing broad altcoin weakness.
also in reply to prediction market edges due to insider information, this is the same game that gets played on wall street, where regulators try to catch the smart people on wall street that try to make money and skirt rules
imo its always going to be a cat and mouse game, and the ones with jnfo need to either not cheat or not be dumb about it
but is it even cheating if its not explicitly in their rules?
dor the most part, kalshi has been good about making rules rhat are general enough to ban people from using inside information, but only in policy… i think trying to enforce this with technical methods will fail
sorry u had to do 5 takes that sucks lol :(