BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.

TRM Labs said onchain gambling reached $51 billion in 2025, with repeat users and stablecoin flows helping the sector remain resilient during a broader crypto market pullback.

Anthropic's model release intensifies AI competition, potentially reshaping market dynamics and influencing strategic moves by industry leaders.

The post Anthropic releases Mythos-class model, eyes high Arena Leaderboard debut appeared first on Crypto Briefing.

The integration of crypto in sports, highlighted by the World Cup, could redefine fan engagement and investment strategies globally.

The post World Cup 2026 Group H and crypto: what Spain, Uruguay, Saudi Arabia, and Cape Verde mean for fan tokens appeared first on Crypto Briefing.

Litigation expert Thomas Braziel has questioned the Cardano Foundation on the 1,090 BTC it allegedly received after its predecessor, the Isle of Man foundation, was dissolved. This is said to have occurred around the Cardano ICO, with 108,000 BTC said to have been raised around the ICO event. 

Expert Questions Cardano Foundation Over 1,090 BTC

In an X post, Braziel revealed filings related to the Cardano Foundation’s earliest structure, in which it appeared to operate as the Isle of Man Foundation. The expert noted that the Isle of Man Foundation was ultimately dissolved in December 2025, while records show that almost 1,090 BTC were allocated to the Foundation. He therefore urged the Foundation to provide an explanation of what happened to the Bitcoin. 

Braziel revealed that the records show that the original Isle of Man Foundation involved Cardano founder Charles Hoskinson, Jeremy Wood, Ken Kodama, and a corporate service provider. Later filings are said to show Hoskinson serving as the Foundation’s “Enforcer.” The Enforcer is said to be one of those with key oversight positions within the structure. 

Braziel noted that this matters because the Cardano ICO was already underway before the Swiss Cardano Foundation was established. He further remarked that the Attain Terms of Service and risk disclosures repeatedly reference the “Foundation” as the issuer or sponsoring entity. Meanwhile, at the time, the only Cardano Foundation that existed was the Isle of Man Foundation. 

The litigation expert reiterated that this wasn’t speculation, as the Swiss Cardano Foundation’s own historical materials reference an earlier Isle of Man predecessor Foundation. It also showed that the Foundation received the Bitcoin in question. 

Expert Raises Governance Questions

Braziel noted that the governance questions become even more significant when viewed alongside the broader allocation structure. He said that, based on publicly available figures, around 108,000 BTC was raised, while the majority of the ADA supply and Bitcoin proceeds were allocated to affiliated for-profit development entities. 

The expert remarked that the question is not whether development companies should be compensated but rather who negotiated those arrangements on behalf of ICO participants and the Isle of Man Foundation. He questioned how fairness was evaluated and documented when the same individuals managed the Foundation while also controlling the entities that received the most economic benefits. 

Braziel stated that he wasn’t alleging any wrongdoing but just wanted answers on whether independent reviews were performed, if conflicts were disclosed, and what protections were offered to the ICO participants. He also questioned what happened to the 1,090 BTC that the Foundation received. 

At the time of writing, the Cardano price is trading at around $0.16, down over 4% in the last 24 hours, according to data from CoinMarketCap.

Zcash founder Zooko Wilcox says the proposed Ironwood upgrade will give users immediate, trustless verification that ZEC’s circulating supply is sound from the first block of activation. His comments address a central concern in the Zcash community following the disclosure of a recently remediated Orchard vulnerability: whether users can verify the supply without relying on developers, auditors, or post-hoc assumptions.

In a post on X and a follow-up discussion on the Zcash Community Forum, Wilcox argued that Ironwood’s purpose is not primarily to prove whether counterfeiting ever occurred inside Orchard. Instead, he framed the upgrade as a way to make the current circulating supply independently verifiable by any user running a full node.

“When Zcash Ironwood activates, you will immediately, on Day 1 of Ironwood, gain trustless verification from your own full node that the actual supply of Zcash is correct,” Wilcox wrote, referring to “16M ZEC now, 21M ZEC eventually.”

Zcash Ironwood To Enable Trustless Supply Checks

The distinction matters because the Orchard pool is shielded. That privacy property is central to Zcash’s design, but it also complicates the question of whether a past soundness bug could have been exploited without leaving the kind of public trace visible in a transparent ledger. Wilcox’s response is to separate two issues that have become conflated in the debate: whether counterfeit coins were ever created, and whether the current supply can be verified as sound after Ironwood.

“This appears to be super confusing to almost everyone, because they are confusing two different things: No counterfeit coins were created. The current supply is sound,” Wilcox wrote. “These are different things! I’m prioritizing the second one.”

Under the Ironwood proposal, the old Orchard pool would effectively be prevented from continuing as an active internal circulation venue. Transactions creating new outputs in the old Orchard pool would be rejected, meaning funds could no longer keep moving privately inside that pool after activation. Instead, funds would have to exit through Zcash’s turnstile accounting mechanism before entering the new Ironwood pool.

That turnstile is the key to the argument. It tracks how much ZEC legitimately entered and exited a pool and blocks attempts to move out more than the amount that entered. According to Wilcox, that means users do not need to wait for every Orchard user to migrate, nor rely on game-theoretic assumptions about how a hypothetical attacker might behave.

“And what I said above — that you will immediately gain that trustless, local verification of the soundness of the Zcash supply — is true regardless of whether or not there are any counterfeit coins in the Orchard pool,” he wrote. “How is this possible!? Because Ironwood will, on Day 1, in the first block that activates Ironwood, snuff out any excess ZEC in the Orchard pool.”

Wilcox specified the relevant threshold as the amount “legitimately part of the supply of ZEC in the Orchard pool,” which he put at 4.5 million ZEC. Any excess ZEC above that would be unable to remain economically useful under the new rules, because it could not continue circulating within the old Orchard pool or escape into another pool beyond the turnstile limit.

“It will snuff out any excess ZEC immediately, trustlessly, and globally,” he added. “It will snuff out any excess ZEC regardless of whether there actually is any excess ZEC. If there isn’t, then all Ironwood does is give you the ability to prove to yourself that there isn’t.”

Wilcox said he personally believes there is no counterfeit ZEC, citing reasons he said he had previously given. But he emphasized that Ironwood is designed to remove the need for trust in his assessment, or in any other individual’s judgment. In his forum post, he laid out two possible worlds: one in which an unlimited amount of counterfeit ZEC was created inside Orchard before the vulnerability was closed, and one in which it was not. In both, he argued, Ironwood should allow users to verify on Day 1 that no more than 16 million ZEC is currently circulating.

The proposal may also produce evidence over time about whether Orchard was ever exploited. If no excess ZEC attempts to leave the old pool as users migrate, that would support the view that no counterfeiting occurred. If excess ZEC does try to leave, the turnstile should reject it, preserving the circulating supply while exposing that counterfeiting had taken place.

At press time, ZEC traded at $

Amid crypto's ongoing DeFi hack crisis, Humanity Protocol's H token crash has turned a biometric identity project into the latest example of the sector's oldest failure mode: control of keys.

The project is built around proof-of-humanity infrastructure, with official materials describing palm biometrics, zero-knowledge proofs, decentralized identifiers, and verifiable credentials as parts of a privacy-preserving identity stack.

Yet the H crisis unfolded through the operational layer that still underpins much of crypto: laptops, private keys, bridge controls, token liquidity, and exchange response.

In an incident update, Humanity said the June 8 attack affected H token activity on Ethereum and BNB Smart Chain, began with a compromised employee laptop, exposed Gnosis Safe owner keys for a Hyperlane bridge ProxyAdmin, and led to roughly $36 million being stolen and sold.

The update also said about 141.2 million H was moved on Ethereum and 200 million H was minted on BNB Smart Chain. Earlier onchain analysis had already put the drain above $30 million across at least 17 wallets linked to, or interacting with, Humanity Protocol.

At press time, the H market page showed the token at $0.17, down 76% over 24 hours, with a $476 million market cap and $533 million in 24-hour volume.

The selloff made the loss of confidence visible. The deeper issue is why an identity project asking users and applications to trust its rails could still be exposed through admin-key custody.

The disclosures available so far attribute the incident to key and bridge authority, and they have not established that Humanity users' biometric data or personally identifiable information was stolen.

That caveat is essential. The incident is about wallet and bridge authority rather than a confirmed biometric data breach. For a project whose public pitch centers on identity trust, the distinction still leaves a serious problem: much of the trust sits outside the cryptographic claim.

The failure point was ordinary custody

Humanity's own account, from its incident summary, points to a familiar chain of failure.

A compromised employee laptop exposed owner keys tied to a Gnosis Safe. Those keys gave the attacker access to a Hyperlane bridge ProxyAdmin.

From there, the incident moved across Ethereum and BNB Smart Chain, combining token movement, selling pressure, and unauthorized minting on BSC.

The distinction is material: A zero-knowledge proof can reduce what a user reveals when proving an attribute. A biometric proof-of-humanity system can be designed to distinguish one person from another without broadcasting raw personal data.

Those features still leave a separate obligation to secure the keys that control bridges, liquidity, admin roles, and minting permissions.

The bridge warning made that clear in real time. Humanity warned users not to interact with the project's bridge or liquidity pools while the team worked with security firms and exchange partners.

Founder Terence Kwok also tied the incident to compromised private keys belonging to a Humanity Foundation member. Those statements shifted attention away from speculation about a generic exploit and toward an operational-security breakdown with token-supply consequences.

A compact version of the confirmed public record looks like this:

The table also shows why the H crash is more than a market repricing. When a bridge-admin role and minting path are part of the fact pattern, the market is pricing uncertainty over token supply, liquidity venues, bridge state, and recovery controls after remediation.

The token crash made the trust problem visible

H's market move shows how quickly a trust narrative can become a liquidity event. A token tied to an identity network also functions as a market-facing proxy for whether users, exchanges, and applications believe the project's operational rails are intact.

The 76% 24-hour decline shown on the asset page came while broader coin rankings showed a steadier market than H's chart suggested.

H fell far more sharply than the broader market after incident reports, bridge warnings, and unresolved questions around stolen and minted tokens.

The developing timeline is important. Initial reports described more than $30 million drained and at least 17 wallets affected.

Later, Humanity's update put the stolen-and-sold amount at roughly $36 million and described the BSC minting component. Lookonchain had earlier flagged 100 million H minted on BSC, but a later update cited 200 million.

For exchanges and liquidity providers, the central question is whether the affected authority paths have been disabled, rotated, audited, and independently confirmed.

If stolen or unauthorized-minted tokens remain in circulation, the market has to price in potential freezes, recoveries, liquidity gaps, or further disclosures. If the bridge and admin controls are fully contained, the damage may remain severe but bounded to operational failure and market confidence.

If those controls remain unclear, the token's role inside Humanity's identity ecosystem becomes harder to evaluate.

The answer also affects how future identity integrations will view the H token. In a normal token selloff, buyers can separate price volatility from product function.

In a bridge-admin and minting incident, that separation becomes harder because the token rail, liquidity path, and operating institution are all part of the same trust claim.

The question for partners includes whether the project can show that the authority structure behind H is now clean, rotated, and externally reviewable.

Advanced identity still depends on ordinary controls

Humanity's official materials describe a protocol designed around private identity verification. The project's protocol page presents Humanity as an identity layer using biometrics, zero-knowledge proofs, decentralized identifiers, and verifiable credentials.

Its docs describe palm-print enrollment, scanner-based vein mapping, and zero-knowledge proofs intended to keep personal data confidential.

A user can believe that a ZK identity flow minimizes disclosure and still have to trust that the project's operators protect laptops, hardware wallets, Safe owners, bridge admin roles, deployment keys, and exchange-response playbooks.

The Humanity incident puts that difference front and center.

Crypto has seen plenty of private-key incidents. What makes this one different is the category of project affected.

A biometric identity network sells assurance in a way a trading app or meme token does not. It asks users and partners to believe that the project can mediate trust between humans, applications, credentials, and blockchains.

A private-key compromise can leave the ZK identity concept intact while undercutting confidence in the institution operating the rails.

Still, current disclosures provide no source basis to say that palm scans, identity credentials, or user PII were accessed.

The stated incident mechanics point to token, bridge, admin, and custody controls. The risk frame is an identity project keeping its privacy story intact while still failing at a layer users rarely see but must implicitly trust.

Humanity's bridge warning also places the incident inside a broader DeFi security pattern.

Recent coverage of multi-chain exploit risk noted that newer failures can spread through shared controls, repeated deployments, and cross-chain infrastructure rather than remain confined to a single isolated smart contract.

Humanity's update describes the operational route that can turn a single endpoint compromise into a multi-chain token event.

Private-key risk has already become a recurring user-trust issue across crypto. Coverage of a private-key compromise showed how quickly operational custody can become a public market and user-trust problem.

Humanity now extends that pattern into the identity sector, where the stakes are partly financial and partly reputational.

There is also a limited parallel with recent Zcash coverage. The Zcash case involved a different technical issue, but the market reaction carried a similar lesson: sophisticated cryptographic branding leaves questions of trust intact.

When a hidden assumption is exposed, whether in implementation, operations, custody, or response, markets can reprice confidence faster than teams can explain the difference.

The next disclosures will decide which version of the Humanity incident survives. A full postmortem with transaction hashes, affected contracts, key-rotation steps, exchange actions, bridge remediation, and independent security review would help contain the incident as a severe but understood operational failure.

Confirmation that bridge deposits, withdrawals, liquidity pools, and mint/admin permissions are safe would carry more weight than any short-term token bounce.

The opposite path is more damaging. If questions about unauthorized minting persist, if bridge controls remain unclear, or if exchange recovery is incomplete, the incident becomes a token-supply and cross-chain trust crisis for a project trying to be an identity trust layer.

For now, the disclosed mechanics point to an ordinary private-key failure beneath an advanced identity pitch. That is the uncomfortable answer to the question posed by the H crash: ZK and biometrics can reduce what users reveal while leaving them exposed to the people and keys that operate the system.

The post Humanity Protocol’s H crash exposes the private keys behind its ZK identity pitch appeared first on CryptoSlate.

Bitcoin rose above $62,000 after the latest US inflation report gave traders enough relief to step back from a deeper test of the $60,000 level.

The move followed several days of pressure across crypto markets, where investors had been preparing for the possibility that a hotter inflation print would revive rate-hike concerns and push risk assets lower.

However, the report gave Bitcoin room to rebound, shifting the immediate question from whether the market would break down to whether the post-CPI bounce can hold.

Inflation lands close enough to expectations

The US consumer price index rose 4.2% in May from a year earlier, matching consensus expectations and marking its fastest pace in three years. Core CPI, which excludes food and energy, rose 2.9%, slightly above April’s 2.8% reading.

Ole Hansen, head of commodity strategy at Saxo Bank, said the report came in broadly in line with expectations and the figures supported the market’s focus on persistent inflation risks tied to higher energy prices and the prospect of higher-for-longer interest rates.

That distinction shaped BTC's market reaction. Investors had been watching to see whether the jump in prices was mostly the result of higher gasoline costs and Middle East tensions or evidence that inflation was becoming more entrenched across services, rents, and supply chains.

A broader acceleration would have been harder for traders to dismiss. It would have strengthened the argument that the Fed may need to keep policy restrictive for longer or consider another rate increase if inflation expectations begin to move higher.

While the report did not give markets a clean all-clear, it also did not deliver the kind of shock that would have made a break below $60,000 more likely.

Bitcoin rebounds from a fragile setup

Bitcoin’s reaction was sharper because the asset entered the CPI release from a weakened position.

The largest cryptocurrency had been under pressure for weeks, with research firm 10x Research noting that Bitcoin was down $21,000 over 30 days. The slide had left traders focused on whether the $60,000 area would hold as support or become the next level to fail.

That weakness reflected a mix of macro and crypto-specific pressures.

Spot Bitcoin exchange-traded funds had seen demand cool after helping support earlier gains. Rising yields also made non-yielding assets less attractive, while investors reduced exposure to volatile trades ahead of the inflation report.

At the same time, market leverage had also been cut down. CryptoSlate previously reported that a severe liquidation wave recently wiped out more than $10 billion in bullish long positions across the market. That forced selling reduced the speculative depth that had helped absorb earlier declines.

The options market also showed caution before the CPI release. BIT Official said put options were commanding a significant implied volatility premium over calls, a sign that traders were paying more to protect against further downside.

That defensive setup helped fuel the rebound once the report failed to produce a major upside surprise. Traders who had prepared for a deeper selloff had less reason to keep pressing the downside after Bitcoin defended $60,000.

Still, the move above $62,000 does not by itself mark a full trend reversal. Bitcoin remains below levels reached earlier in the month, and the market’s recovery depends on whether buyers return beyond a short-term relief trade.

The Fed risk remains in place

The CPI report gave crypto markets room to breathe, but it did not settle the interest-rate debate.

Headline inflation at 4.2% remains more than double the Fed’s target. Even if much of the increase came from energy, policymakers may be cautious about easing policy while price growth remains elevated.

That leaves investors focused on the composition of future inflation data. If oil prices retreat and core inflation remains contained, markets may continue treating May’s increase as a temporary supply shock. If higher energy costs feed into services, wages, or retail prices, rate-hike expectations could return quickly.

The fixed-income market had already been preparing for that risk before the CPI report. US Treasury yields had moved higher as traders reassessed whether the Fed could cut rates at all in the near term.

That backdrop remains important for Bitcoin because the asset has increasingly traded as part of the wider risk complex. When yields rise and liquidity tightens, crypto tends to struggle. When rate pressure eases, Bitcoin can rebound quickly.

The post-CPI spike above $62,000 fits that pattern because the report simply reduced the immediate risk that inflation would force traders into a more hawkish view.

The next test moves toward $64,000

Bitcoin’s immediate task is to show that the move above $62,000 can extend beyond a CPI relief bounce.

Before the report, analysts had pointed to oversold technical conditions as a reason Bitcoin could recover if inflation came in softer than feared. The rebound suggests that some traders were positioned too defensively going into the release.

The next level to watch is near $64,000, where previous resistance could test whether buyers are willing to chase the move higher. A push toward that area would suggest the market is rebuilding confidence after defending $60,000.

A failure to hold the post-CPI gains would send a different message. It would show that the rally was mainly a reaction to a less-bad inflation report rather than evidence of renewed demand.

For a more durable recovery, Bitcoin will likely need support from several areas at once. ETF flows would need to stabilize, options positioning would need to become less defensive, and broader risk appetite across equities and credit would need to improve.

The CPI report gave Bitcoin one immediate win. It kept the $60,000 level intact and forced traders to reassess the downside risk that had built before the release.

The post Bitcoin jumps above $62,000 after CPI report gives traders room to defend $60,000 appeared first on CryptoSlate.

How useful is Claude’s latest Fable 5 model for crypto traders? This is the first desk-graded test of Claude for crypto price calls, and the scorecard cuts both ways.

BeInCrypto analysts ran Anthropic’s newest model at its maximum effort setting. For each coin, it had to name one key metric, a price floor, a year-end range, and a trigger that would prove it wrong.

The desk then graded every claim against live data and prediction market odds.

Bitcoin Test Finds the Right Signal but the Wrong Size

Fable’s Bitcoin bull case rests on long-term holders, the investors who keep coins for over 155 days. The model said selling stopped in November 2025, and buying has returned since.

It flagged May ETF outflows near $401 million. From there, it set a floor of $52,000 to $56,000 and a year-end range of $78,000 to $92,000.

Glassnode data reviewed by BeInCrypto supports the direction, not the timing. Long-term holders only turned net buyers in March, four months later than claimed.

The flow picture looks worse. SoSoValue shows May outflows of $2.43 billion, six times Fable’s figure. June is already $1.81 billion in the red.

Prediction markets now place year-end bitcoin between $60,000 and $65,000. That gives Fable’s bull range roughly one-in-six odds.

Verdict: Claude Fable got the metric right. Long-term holders did stop selling and turn buyers, as it predicted. It got the details wrong. The turn came in March, not November, and May outflows hit $2.43 billion, not $401 million. Its $52,000 to $56,000 floor still looks live. Its $78,000 to $92,000 close does not.

Ethereum’s Staking Queue Backs the Bull Case

For Ethereum, Fable leaned on the validator entry queue. This is either waiting in line to be staked, or locked up to help secure the network.

Queued coins cannot reach the market for months, so a long queue signals committed demand. The model set a $1,250 to $1,400 floor and a $2,000 to $2,600 close.

ValidatorQueue data shows the signal holding. Some 3.03 million ETH sat in line on June 8, triple the model’s threshold.

Fable’s bear trigger, a forced sale by a major corporate holder, stays quiet. BitMine holds about 5.5 million ETH and continues to add, even as short seller Kerrisdale targets the stock.

The real pressure sits in ETFs. SoSoValue counts five straight months of outflows through March, with May adding $540.88 million more.

Polymarket leans the same way.

Traders price 65% odds of ether below $1,250, inside Fable’s floor, but just 16% above $3,500.

Verdict: Fable’s bull signal was correct. The staking queue holds at triple its threshold, and the BitMine unwind it feared never happened. What it missed was the ETF bleed, the force actually driving the price. Its $1,250 to $1,400 floor now looks likely, with 65% odds priced in. Its $2,000 to $2,600 close looks out of reach.

XRP Delivers the Cleanest Call of the Three

Fable framed XRP as a race between two flows. Ripple’s escrow releases add 200 to 500 million tokens of new supply each month, while ETFs soak them up.

The model set a $0.95 to $1.10 floor and a $2.20 to $2.60 top.

The ETF side delivered. SoSoValue shows seven green months out of eight since November, including $131.94 million in May while bitcoin and ether bled. June has slowed to $10.06 million.

The supply fear looks overstated. The desk’s Escrow Pressure Index tracks how much XRP stays locked each month. It shows net releases near 128 million tokens, well under Fable’s 300 million trigger.

Polymarket still leans down. Traders price 80% odds of a print under $1.00, near Fable’s floor, and only 11% above $2.60.

Verdict: XRP is Fable’s best call. It correctly bet that ETF buying would absorb new supply, and seven green months proved it. But it overestimated the escrow leak at 300 million tokens a month against an actual 128 million. Its $0.95 to $1.10 floor carries 80% odds. Its $2.20 to $2.60 top carries just 11%.

The Final Verdict on Claude for Crypto Calls

One number now grades every call at once. Fable’s tiebreaker is the total stablecoin market cap, the pool of dollar-pegged tokens that funds crypto buying.

Above $330 billion by the fourth quarter, every bull range stays alive. Below $280 billion, every bear floor wins.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

DefiLlama puts the float at $315.97 billion on June 10. It peaked near $323 billion, then rolled over, losing $3.25 billion in the past week.

Neither tripwire has fired, but the drift favors the bears. A shrinking float means the money behind any recovery is leaving.

The overall verdict lands in two halves. Fable 5 picked the right metric for every coin, yet its sizes and timing were missed. Bitcoin outflows ran six times larger than claimed, and XRP’s supply leak never appeared.

Prediction markets align with the model’s risk direction, not its targets.

For now, Claude Fable 5 proves skilled at choosing the right metrics and reading the direction of risk. But its numbers and timing missed too often to trust, so it is not reliable for sizing trades or calling price targets.

The post How Good is Claude’s Fable 5 For Crypto Trading? Testing Bitcoin, Ethereum, and XRP appeared first on BeInCrypto.

Senator Elizabeth Warren urged the Securities and Exchange Commission (SEC) to delay SpaceX’s initial public offering (IPO), one day before order books closed on the largest listing in history.

Her June 9 letter to SEC Chair Paul Atkins arrived with pricing set for Thursday and a Nasdaq debut scheduled for Friday under the ticker SPCX.

Why the SpaceX IPO Remains on Track

SpaceX set a fixed $135 share price for 555.6 million shares in its SEC filing. The sale would raise $75 billion and value the company near $1.77 trillion, above Tesla.

That haul more than triples Alibaba’s 2014 record for a US listing. Meanwhile, demand reached roughly $150 billion, twice the target, before SpaceX closed its order books on Wednesday.

The SEC has already cleared the registration statement, leaving Warren’s request little procedural room. However, she framed the deal’s sheer scale as reason enough for scrutiny.

“The massive size of the SpaceX IPO alone, under normal circumstances, would justify careful SEC review and attention to investor needs,” Elizabeth Warren said in the letter

Follow us on X to get the latest news as it happens

What Warren Wants the SEC to Examine

Her letter presses for fuller disclosure on valuation and the company’s concentrated governance.

Elon Musk holds roughly 85% of shareholder votes and has locked up his shares through the offering.

“…these are not normal circumstances: a number of additional factors exacerbate concerns and require action by the SEC to meet its investor protection and market integrity mandates by delaying the IPO.”

Warren also wants SpaceX to abandon mandatory arbitration, which leaves shareholders without court recourse.

She further argued that index mechanics could push passive fund investors into the stock automatically.

“Before the company is allowed to go public, the SEC must investigate whether index funds and other financial entities involved in SpaceX’s IPO are adequately protecting investors, and the company must fill disclosure gaps related to valuation, ensure risks and details related to its concentrated governance structure are clear to investors, and abandon mandatory arbitration to provide shareholders whose rights are otherwise gutted in this structure a minimum avenue for recourse.”

That risk has limits for now. S&P 500 profitability rules keep SpaceX out of the index after its $4.28 billion first-quarter loss.

The letter also revives her earlier scrutiny of SpaceX’s investor base. Warren previously warned the Pentagon about undisclosed Chinese investments in the company.

This week, Bloomberg reported that Gulf wealth funds placed billions in orders for the offering.

Nevertheless, a single senator cannot block a cleared IPO, and Warren likely knows it.

Barron’s coverage of the letter notes the offering remains on schedule. Instead, the move stakes out her position before an oversubscribed debut she expects to proceed.

Attention now turns to Friday’s open, where veteran floor trader Peter Tuchman has floated a $1,000 opening price call.

Whether the market validates a $1.77 trillion valuation, or Warren’s caution, gets its first test then.

The post SpaceX IPO Faces Last-Minute Challenge From US Senator Elizabeth Warren appeared first on BeInCrypto.

On June 10, Ripple, the leading blockchain and cryptocurrency company, announced that it is joining Mastercard’s Agent Pay for Machines program (AP4M).

As AI agents begin transacting on behalf of businesses, payments need more than speed. They need trust, controls, and clear rules for how value moves.

We’re helping build the infrastructure for trusted agent-driven payments, with the XRP Ledger and $RLUSD helping lay the… https://t.co/VyrC5a8e2e pic.twitter.com/OyF5vQIDYZ

— Ripple (@Ripple) June 10, 2026

Ripple Partners with Mastercard’s AP4M Program

Ripple has mentioned that artificial intelligence agents are becoming capable of managing business transactions, and payments need more than just speed. However, it is important to have strong control and clear regulations for these agents.

In the official statement, Ripple said it is helping in the development of infrastructure for agent-based payments. The company stated that the XRP Ledger and its stablecoin RLUSD are helping lay the foundation for the future of commerce. 

Markus Infanger, senior vice president of RippleX, stated in the press release, “Autonomous agents are already settling invoices and paying for compute on their own, but institutions can only move at that speed if the controls move with them. XRPL and RLUSD are built so enterprises can let agents transact at machine speed within rules the chain itself enforces, with settlement in seconds, predictable costs, programmable compliance, and a full audit trail, so agents can only ever do what they are authorized to do.”

He said, “Mastercard’s move toward regulated stablecoin settlement on-chain is an important signal that this is evolving from an emerging capability into an enterprise standard.”

Mastercard Agent Pay for Machines Launch 

Mastercard has officially rolled out a service Agent Pay for Machines on June 10, 2026. The purpose of this program is to create a payment ecosystem for autonomous AI agents. These programs will handle large frequency and low volume transactions, as low as a fraction of a cent. This entire process will run in an automatic manner in the background without any kind of intervention by humans.

This program is joined by more than 30 partners, including Aave Labs, Alchemy, Anchorage Digital, BVNK, Cloudflare, Coinbase, Mastercard Merchant Cloud, MoonPay, Nevermined, OKX, PayOS, Polygon, Rain, RippleX, Solana Foundation, Stripe, and others.

This new service is part of Mastercard’s earlier Agent Pay program, which was launched in 2025. It is working on integrating how trusted AI agents could take part in digital payments. Agent Pay for Machines is expanding this program with machine-based automated microtransactions in e-commerce.

Jorn Lambert, Mastercard’s chief product officer, said that “Agent Pay for Machines will create the conditions for a superbloom of AI business models. Machine payments can make it possible for services to be bought and sold among agents at fundamentally different scales than payments today — very high volumes, very small values, very fast and at extremely low latency.”

The AP4M has introduced new capabilities for machine commerce, including Credentialing, Permissioning, Transacting, and Settling.

Stablecoin’s Role in Agentic Payments Growth

Agentic commerce is expected to witness impressive growth in the upcoming years. According to Juniper Research, the global market capitalization of agentic commerce is expected to soar above $1.5 trillion by 2030, and Mastercard is going to play a major role behind this growth.

In Mastercard’s Agent Pay for Machines (AP4M) program, there are partners like Ripple, Coinbase, BVNK, and Temp, which will provide the benefits of stablecoins for agentic commerce. This includes better speed, programmability, and efficiency.

Ripple and its native stablecoin, RLUSD, will play a major role in creating basic building blocks for trusted payments supported by agentic payments. RLUSD is issued on the XRP Ledger, and it is fully regulated.

On June 9, Grayscale shared a report regarding Bitcoin’s current price movement amid the bearish sentiment in the overall crypto market.

🆕 Grayscale Research: Is Bitcoin cheap yet?

After hitting a new cycle low of ~$60K, onchain valuation metrics say undervalued, but not as cheap as past cycle lows.

Identifying the bottom comes down to two catalysts:
↳ CLARITY Act
↳ How levered $BTC holders hold up.

Read… pic.twitter.com/9HbD65oXWM

— Grayscale (@Grayscale) June 9, 2026

Grayscale Research Says, This Bear Market is Shallower Than Previous Cycles

According to the research by Grayscale, on-chain data suggests that Bitcoin is currently trading below its long-term average, and it looks undervalued. However, the company mentioned that the price of Bitcoin is not as low as it was during the past bear market cycle during the FTX collapse in 2022.

The research stated that, “On-chain metrics suggest Bitcoin is undervalued, but not as cheap as previous cycle lows. Whether we have found the market bottom will depend on upcoming catalysts and the CLARITY Act, but we believe this is a buying opportunity for investors with long-term horizons.”

To do this research, Grayscale had used a composite on-chain valuation indicator, which combines several popular blockchain metrics into a single measure. According to this indicator, Bitcoin is selling at a discount compared to its previous norms. However, the company made it clear that the current bear market has been mild in comparison to the previous cycles.

“We believe that this bear market may be shallower than in the past, given a more muted preceding bull market, as well as improvements in market structure from ETP availability, wealth platform deployment, and other types of institutional adoption,” stated the research.

In the report, the investors are currently focusing on the regulatory developments around the digital asset sector and how leveraged BTC holders are performing in the short term. Grayscale mentioned two factors behind BTC’s price movement on the short-term chart.

The first one is the progress in the Digital Asset Market Clarity Act (CLARITY) in the Senate. In May, the Senate Banking Committee approved the CLARITY Act after a long delay in the process.

Senator Cynthia Lummis stated in the post on X, saying that, “I’ve spent years building toward this moment. The Clarity Act is the most consequential financial legislation of this generation, and we are going to get it done.”

The major factor to watch for investors is whether leveraged Bitcoin holders will be able to stabilize their balance sheet.

“We believe that current price levels offer an opportunity for investors with long-term investment horizons to consider dollar-cost averaging their Bitcoin purchases. More tactical traders may want to consider waiting on CLARITY,” a Grayscale researcher said.

Bitcoin Struggles to Recover Amid Major ETF Outflows

According to CoinMarketCap, BTC is currently trading at around $61,901 after witnessing a drop of 21% in the last 30 days.

This chaos in the world of finance has brought about selling pressure in the cryptocurrency markets because people have begun to withdraw their money. Bitcoin exchange-traded funds (ETFs) like BlackRock ETFs have witnessed the longest streak of outflow in its history, which lasted for 13 days. In total, investors have withdrawn around $4.4 billion worth of investments.

Even BTC ETFs are still witnessing major outflows. On June 5, BTC ETFs recorded an outflow of around $325.7 million, according to Farside. On June 8, it witnessed an outflow of around $91.4 million. This shows the depleting trust of institutional investors in the crypto market during high volatility periods.

The relationship between traditional banking and digital assets continues to evolve as SBI Shinsei Bank prepares to launch a pilot program to integrate blockchain-based solutions into its payment infrastructure. This initiative represents a unique step toward integrating cryptocurrency incentives into conventional banking products.

A New Pathway For Banking Customers To Access XRP

Japan SBI Shinsei Bank is preparing to introduce a new way for customers to interact with digital assets by allowing them to convert a portion of their deposit interest into cryptocurrency rewards, including XRP. According to RippleXity’s post, the pilot scheduled to launch on June 10 represents a notable step toward integrating crypto exposure directly into traditional banking products.

This will enable customers to access digital assets through their existing savings activities rather than through separate trading platforms. Under the reported framework, customers will continue to earn interest on their yen deposits as normal, but will have the option to convert approximately 20% of the interest into crypto vouchers. These vouchers can then be redeemed for assets such as Bitcoin, Ethereum, or XRP at real-time market rates at the moment of conversion.

Furthermore, the pilot is launching on June 10, with a full rollout expected by autumn 2026. This initiative is built in SBI’s existing Hyper Deposit product and aligns with its broader digital asset strategy, including the anticipated launch of RLUSD in Japan. RippleXity argues that this development matters because SBI is one of Japan’s most powerful financial conglomerates and Ripple’s long-standing partner since 2012. 

Rather than requiring customers to use a separate crypto application, this model integrates XRP seamlessly into Japanese banking. Millions of users could gain passive exposure to XRP simply by holding funds in their bank accounts. In essence, SBI is not just offering crypto as an add-on service; it is incorporating XRP into the fundamental mechanics of saving money.

Regulatory Clarity May Create New Opportunities For XRP Ledger

The implementation of the GENIUS Act could mark a pivotal moment for XRP by significantly amplifying its real-world utility. An analyst known as SMQKE on X has revealed that the legislation introduces clear reserve requirements, structured licensing frameworks, and interoperability standards designed to integrate stablecoins. This move will introduce Ripple’s RLUSD into the core of mainstream financial systems while reducing systemic risk.

SMQKE noted that for XRP, this regulatory clarity could amplify its utility since RLUSD transactions on the XRP Ledger already account for over 95% of stablecoin activity on the Ledger. As RLUSD adoption expands under a regulated framework, each transaction on the XRPL continues to rely on XRP as a fee payment mechanism. These fees contribute to a deflationary dynamic by permanently burning a small amount of XRP with every transaction.

Crypto analyst Crypto Lens has predicted that the Bitcoin price could rally to a new all-time high (ATH) of $150,000. This came as he outlined four scenarios that will build toward this rally to a new ATH by next year. 

Bitcoin Price To Still Rally To $150,000 Amid These Four Scenarios

In an X post, Crypto Lens predicted that the Bitcoin price would rally to $150,000 by February next year. This came as he noted that BTC is now hovering at the exact level where every bull trap ends. The analyst stated that next week, another bearish rejection will send BTC back to $43,000. The rally to $150,000 and drop to $43,000 is notably among the scenarios he outlined for BTC. 

In the first scenario, Crypto Lens predicted the Bitcoin price would drop to $48,000 within a few days. This will be followed by a drop to $43,000 in July, which is the second scenario. In the third scenario, the analyst predicts that BTC will fall to $32,000 by September. He described this level as the buy zone, signaling that the leading crypto is likely to bottom around here in this bear cycle. 

Meanwhile, under the fourth scenario, Crypto Lens predicts that the Bitcoin price will rally to $150,000 by February as a new bull run begins. In another X post, the analyst said that the bear market is 53% done and that BTC has entered the final stage of the 2026 bear market. He also signaled that the cycle bottom will likely happen between August and September, with BTC falling to as low as $32,000. 

BTC Bottom Likely To Form In The Fourth Quarter

In an X post, crypto analyst Colin said that a Q4 bottom for the Bitcoin price is even more likely now that BTC did not have a strong dip immediately. The analyst was referring to market expert Benjamin Cowen’s assessment, in which he noted that BTC closed the week above the 200W SMA after sweeping the February low of $60,000. 

Colin stated that, based on this Bitcoin price action, BTC is likely to bounce for 1 to 3 months and then drop to a new low in the fourth quarter. As such, Q4 has high odds of being the cycle bottom, with a lower low. However, he added that if the Bitcoin price suddenly breaks below the 200-week MA in the coming week or two, then it is likely to form the bottom on this move down. 

At the time of writing, the Bitcoin price is trading at around $61,200, down over 3% in the last 24 hours, according to data from CoinMarketCap.