Over 50% of Pump Fun token traders lost money this month, report
Almost 46% of crypto wallets trading Pump Fun-launched tokens made less than $500 in the past month, with over 50% posting overall losses. Source link
Coinbase
Crypto
CME’s Terry Duffy calls U.S. crypto perps a disaster waiting
CME Group Chief Executive Terry Duffy has warned that the recent approval of cryptocurrency perpetual futures in the U.S. has created significant risks for investors and the financial system, calling the products “a disaster waiting to happen.” Summary CME CEO Terry Duffy called U.S. crypto perpetual futures a “disaster waiting to happen.” Duffy warned that
Tech & AI
Not to Alarm Anyone, but Flesh-Eating Screwworms Have Entered the US
A case of New World screwworm has been confirmed in South Texas, the US Department of Agriculture announced Wednesday night. It marks the first detected breach of the US-Mexico border by the ravenous flesh-eating flies, which have been making their way up through Central America for the past several years. In a social media post
Coinbase
Trump documents meltdown over Iran war on Truth Social
Donald Trump has posted absurd and contradictory claims on a near-daily basis about the Iran War on Truth Social. Source link
Bitcoin
Sugarcane-Powered Bitcoin Mine to Launch in Brazil With Tether Backing
Key Takeaways Adecoagro and Tether set a July 1st launch for a green bitcoin farm, next boosting eco-friendly markets. Matheus Lechuga revealed a 10 MW farm to power 1,280 rigs, next upgrading bitcoin market efficiency. Tether bought Adecoagro via a $600M deal, blending agriculture and Bitcoin to disrupt energy markets. Tether-owned Adecoagro to Pilot Sugarcane-Fueled
Crypto
This Nasdaq Firm Chasing 10% of Ethereum (ETH) Supply Now Sits on an $85M Hit
FG Nexus began buying ETH on Ethereum’s 10th anniversary but soon faced one of crypto’s sharpest downturns. Nasdaq-listed Ethereum treasury firm FG Nexus has recorded cumulative losses of more than $85 million on its Ethereum treasury strategy after selling a large portion of its holdings at a significant discount. According to data shared by
Crypto
Strategy may be forced to sell more Bitcoin, Grayscale warns
Michael Saylor’s Strategy has faced growing pressure to sell additional Bitcoin after a recent share price decline raised concerns about the sustainability of its financing structure, according to a new report from Grayscale Research. Summary Grayscale warned that Strategy may be forced to sell more Bitcoin if weakness in STRC increases cash flow obligations. The
Coinbase
US says Chinese firms using crypto to sell fentanyl chemicals to cartels
The US indicted two China-based pharmaceutical firms for allegedly selling fentanyl precursor chemicals to Mexican cartels for crypto. Source link
Crypto
BTC’s 50% Drop Could Be Setting Up a 2017-Style Altcoin Rally
Comparisons are being drawn to 2017, when altcoins surged after BTC stabilized following a steep decline from its all-time high. Bitcoin (BTC) dropped below $62,000 on June 4, with the move coinciding with the first meaningful pullback in the flagship cryptocurrency’s dominance in nearly eight months, according to analyst CrediBULL Crypto. This has prompted
Bitcoin
Solo Bitcoin Miners Keep Pocketing Full Block Rewards in 2026: Here’s How
Key Takeaways CKPool Solo has facilitated at least 40 verified bitcoin block wins since mid-2023, including three in early 2026. Public Pool on Umbrel confirmed seven solo bitcoin block wins, with the most recent at block height 948146 on May 6, 2026. Futurebit Apollo miners logged three solo block wins since October 2024, each paying