The move comes as Ether prices slumped to a 14-month low below $1,750 on 
Thursday.

The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday.

Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook

Authorities around the world have been heavily targeting scam infrastructure 
this year, with joint actions involving the US, UAE, China, Austria and 
Albania.

Authorities around the world have been heavily targeting scam infrastructure this year, with joint actions involving the US, UAE, China, Austria and Albania.

Coinbase freezes $3M tied to Southeast Asia crypto fraud networks

Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year&#8217;s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Short-term holders are realizing losses at the strongest pace since early February. The &#8220;STH Loss to Binance&#8221; metric on Binance dropped to -16,400 BTC on June 2. Its deepest negative reading since February 6. As Bitcoin slipped below the $69,000 area. That specific date matters. February 6 marked one of the most intense capitulation sessions of the recent correction, a period when forced selling from recent buyers created the kind of price pressure that ultimately exhausted itself and preceded the recovery attempt that followed. The current reading describes the same behavioral signature: participants who bought Bitcoin in recent months at higher prices are now sending coins to Binance and exiting at a loss rather than waiting for a recovery that the price action is no longer supporting. The pace of that loss realization has reached a level that has only been exceeded once in the past four months — and the comparison to that February moment is the most important analytical reference the CryptoQuant data provides. The Strongest Short-Term Holder Loss Wave in Months The CryptoQuant report extends the picture beyond Binance to confirm that the loss realization pressure is not venue-specific. Across all exchanges, STH Loss to Exchange fell to -38,700 BTC on June 2 — following a major spike of -41,300 BTC on May 28. Both readings exceed the February 6 level that previously marked the most intense capitulation session of the recent correction, making the current two-session combination one of the most aggressive short-term holder loss waves recorded in recent months. Bitcoin STH Realized Profit/Loss Pressure to Binance | Source: CryptoQuant The Binance inflow structure adds the detail that prevents the current selling from being dismissed as retail panic alone. Mid-sized investors sent approximately 8,400 BTC to Binance on June 2 — the highest reading since February 6. Larger participants are participating in the loss realization alongside smaller holders. The historical framing the report applies is honest about what deep realized-loss events do and do not confirm. They do not automatically signal continuation lower. They frequently appear near panic phases and support tests. Moments where exhausted selling creates the conditions for stabilization if demand is present to absorb the supply. Bitcoin&#8217;s behavior around $69,000 is now the critical variable. If the price holds and recovers from the current level, the May 28 and June 2 loss spikes may eventually be identified as the capitulation that cleared the fragile positioning and set the foundation for the next phase. If the price fails to stabilize, the repeated spikes suggest short-term holder stress has not yet exhausted itself. And further loss realization pressure remains ahead. Related Reading: Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching Bitcoin Tests Critical Range Support After Sharp Breakdown Bitcoin is attempting to stabilize after a violent selloff pushed price below the long-standing $72,000-$74,000 support zone that had acted as the foundation of the recovery throughout April and May. The breakdown triggered an aggressive move toward the $65,000-$66,000 region, an area that now represents the most important support level on the daily chart. Bitcoin breaks down below the $69K level | Source: BTCUSDT chart on TradingView Technically, the structure has deteriorated significantly. BTC has lost the 50-day moving average, the 100-day moving average, and the key horizontal support that previously served as both resistance and support during the past four months. The decisive rejection from the $80,000-$82,000 local highs created a sequence of lower highs and lower lows, confirming a bearish shift in momentum. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green The encouraging sign for bulls is that the current decline has brought the price directly into a major demand zone between $64,500 and $66,500. This area successfully absorbed selling pressure during the February capitulation event and is now being tested again. The latest candle shows buyers stepping in near the lows, producing a rebound from support alongside elevated trading volume. However, reclaiming the lost $72,000-$74,000 zone remains essential. That former support has now become resistance, and any recovery attempt will likely face significant selling pressure there. As long as Bitcoin remains below that range, bears retain short-term control. A sustained hold above $65,000 could establish a local bottom, while a breakdown below support would expose the market to a deeper retracement toward the low-$60,000 region. The next few sessions should determine whether this is capitulation or the beginning of a larger downtrend. Featured image from ChatGPT, chart from TradingView.com

Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year&#8217;s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a &#8230;

Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels

Prolonged oil output recovery may sustain high crude prices, impacting 
inflation and potentially altering crypto market dynamics and rate cut 
expectations.
The post Kuwait Petroleum Company estimates 10-12 weeks to restore oil output 
after Hormuz reopens appeared first on Crypto Briefing.

Prolonged oil output recovery may sustain high crude prices, impacting inflation and potentially altering crypto market dynamics and rate cut expectations. The post Kuwait Petroleum Company estimates 10-12 weeks to restore oil output after Hormuz reopens appeared first on Crypto Briefing.

Kuwait Petroleum Company estimates 10-12 weeks to restore oil output after Hormuz reopens

Lovable&#8217;s partnership with Google Cloud could accelerate AI-driven app 
development, influencing enterprise adoption and innovation in software 
creation.
The post Lovable signs multi-year deal with Google Cloud to expand usage 5x 
appeared first on Crypto Briefing.

Lovable&#8217;s partnership with Google Cloud could accelerate AI-driven app development, influencing enterprise adoption and innovation in software creation. The post Lovable signs multi-year deal with Google Cloud to expand usage 5x appeared first on Crypto Briefing.

Lovable signs multi-year deal with Google Cloud to expand usage 5x

Bitmine&#8217;s $300M stock offering highlights the risks of high-yield obligations 
amid volatile crypto markets and potential financial strain.
The post Bitmine Immersion Technologies plans $300M preferred stock offering 
to buy more Ethereum appeared first on Crypto Briefing.

Bitmine&#8217;s $300M stock offering highlights the risks of high-yield obligations amid volatile crypto markets and potential financial strain. The post Bitmine Immersion Technologies plans $300M preferred stock offering to buy more Ethereum appeared first on Crypto Briefing.

Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook

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