Over the past week, the Ethereum price declined significantly, following 
Bitcoin’s downturn towards $59,000. As the second-largest cryptocurrency’s 
price dropped to $1,505, data from a recent on-chain analysis reveal an 
underlying shift in activity across exchanges. Related Reading: Ethereum Price 
Downtrend May Not Be Over—Sub-$1,700 Levels Loom Ethereum Exchange Inflows 
Surge To 2.24 Million In A Day In a Quicktake post on June 6, the on-chain 
analytics group Arab Chain cited data from the “Ethereum: Exchange Inflow 
(Total) &#8211; All Exchanges” metric, noting that inflows across all platforms 
recently reached 2.24 million in a single day. According to Arab Chain, this 
marks the highest point reached in the past four months. For context, the 
metric measures the total amount of ETH transferred to all tracked 
cryptocurrency exchanges over a given period, helping gauge potential selling 
pressure as coins move to trading platforms. When inflows are high, it 
suggests that a large amount of ETH may be being prepared for sale. As Arab 
Chain notes, when large volumes of Ethereum are moved to trading platforms, it 
is usually taken as a bearish signal or an incoming surge in trading activity 
(which could translate into heightened volatility). This is because growing 
inflows indicate that there is more available supply for distribution than in 
the past. Related Reading: Dogecoin Has Entered A Historically Red Month And 
The Result Could Be Catastrophic Binance Leads Exchanges In Inflow Volume 
Notably, Arab Chain points out that Binance, the world’s leading crypto 
exchange by trading volume, had the lion’s share of Ethereum inflows. 
According to the analytics group, Binance saw over 1.16 million ETH in inflows 
on the same day, while a total of 2.24 million ETH were sent to all exchanges. 
Interestingly, the surge in exchange inflows reportedly followed a period of 
relative stability in deposit activity. Thus, Arab Chain explains that this 
sudden surge — after periods of quiet — becomes more important than other 
previous events. According to the crypto group, this may signal that 
Ethereum’s investors are preparing to take profits or restructuring their 
portfolios. However, Arab Chain notes that high inflows are not a surefire 
indicator of bear markets. Nonetheless, they remain highly relevant 
considering Ethereum’s price weakness. According to Arab Chain, sustained high 
inflows of Ethereum into exchanges (with an emphasis on Binance) could 
intensify selling pressure and trigger a further downturn for the second- 
largest cryptocurrency in the near term. At the time of writing, the Ethereum 
price is at $1,577. According to CoinMarketCap data, the Ethereum price is 
down 5.35% over the past day. Featured image from Pexels, chart from 
Tradingview

Over the past week, the Ethereum price declined significantly, following Bitcoin’s downturn towards $59,000. As the second-largest cryptocurrency’s price dropped to $1,505, data from a recent on-chain analysis reveal an underlying shift in activity across exchanges. Related Reading: Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom Ethereum Exchange Inflows Surge To 2.24 Million In &#8230;

Ethereum Exchange Inflows Climb To 4-Month High – What This Means For Price

The OpenAI leadership crisis highlights ongoing tensions between mission- 
driven governance and growth-focused leadership in the AI sector.
The post OpenAI&#8217;s Mira Murati details boardroom battle over Sam Altman&#8217;s 
return as CEO appeared first on Crypto Briefing.

The OpenAI leadership crisis highlights ongoing tensions between mission- driven governance and growth-focused leadership in the AI sector. The post OpenAI&#8217;s Mira Murati details boardroom battle over Sam Altman&#8217;s return as CEO appeared first on Crypto Briefing.

OpenAI’s Mira Murati details boardroom battle over Sam Altman’s return as CEO

The significant losses highlight the volatility and risk of concentrating 
corporate treasuries in digital assets, impacting investor confidence.
The post Strategy reports $13B loss, Bitmine $10B loss amid market decline 
appeared first on Crypto Briefing.

The significant losses highlight the volatility and risk of concentrating corporate treasuries in digital assets, impacting investor confidence. The post Strategy reports $13B loss, Bitmine $10B loss amid market decline appeared first on Crypto Briefing.

Strategy reports $13B loss, Bitmine $10B loss amid market decline

Prolonged uncertainty in USMCA negotiations could disrupt supply chains, 
impact tariffs, and affect cross-border trade and investment stability.
The post US, Mexico and Canada to miss July USMCA deadline, raising trade 
tensions appeared first on Crypto Briefing.

Prolonged uncertainty in USMCA negotiations could disrupt supply chains, impact tariffs, and affect cross-border trade and investment stability. The post US, Mexico and Canada to miss July USMCA deadline, raising trade tensions appeared first on Crypto Briefing.

US, Mexico and Canada to miss July USMCA deadline, raising trade tensions

BNB Chain’s first quarter showed a broader network mix, with real-world 
assets, stablecoins, and artificial intelligence (AI)-native applications 
gaining ground as trading cooled from Q4’s memecoin surge. The chain also 
delivered faster block times, lower fees, and stronger developer activity. BNB 
Chain Processes 1.29B Transactions as Stablecoins and RWAs Gain Ground BNB 
Chain entered 2026 […]

BNB Chain’s first quarter showed a broader network mix, with real-world assets, stablecoins, and artificial intelligence (AI)-native applications gaining ground as trading cooled from Q4’s memecoin surge. The chain also delivered faster block times, lower fees, and stronger developer activity. BNB Chain Processes 1.29B Transactions as Stablecoins and RWAs Gain Ground BNB Chain entered 2026 &#8230;

BNB Chain Grows RWA Market 60% to $3.6B as Tokenized Treasuries Lead Q1

Anthropic&#8217;s diplomatic reset with the White House could redefine AI market 
dynamics, impacting investor confidence and regulatory landscapes.
The post Anthropic and White House ease tensions ahead of potential $1 
trillion IPO appeared first on Crypto Briefing.

Anthropic&#8217;s diplomatic reset with the White House could redefine AI market dynamics, impacting investor confidence and regulatory landscapes. The post Anthropic and White House ease tensions ahead of potential $1 trillion IPO appeared first on Crypto Briefing.

Cryptocurrency price in LKR

Market Overview