Tencent&#8217;s strategic focus on AGI, led by Yao Shunyu, could redefine global AI 
dynamics, intensifying the talent race and impacting tech policies.
The post Tencent&#8217;s new AI chief Yao Shunyu wants to build AGI, and he&#8217;s 
bringing OpenAI&#8217;s playbook with him appeared first on Crypto Briefing.

Tencent&#8217;s strategic focus on AGI, led by Yao Shunyu, could redefine global AI dynamics, intensifying the talent race and impacting tech policies. The post Tencent&#8217;s new AI chief Yao Shunyu wants to build AGI, and he&#8217;s bringing OpenAI&#8217;s playbook with him appeared first on Crypto Briefing.

Tencent’s new AI chief Yao Shunyu wants to build AGI, and he’s bringing OpenAI’s playbook with him

SpaceX&#8217;s retail investor focus could democratize IPO access, potentially 
reshaping market dynamics and influencing future public offerings.
The post SpaceX allocates up to 25% of its $75B IPO to retail investors, 
shattering convention appeared first on Crypto Briefing.

SpaceX&#8217;s retail investor focus could democratize IPO access, potentially reshaping market dynamics and influencing future public offerings. The post SpaceX allocates up to 25% of its $75B IPO to retail investors, shattering convention appeared first on Crypto Briefing.

SpaceX allocates up to 25% of its $75B IPO to retail investors, shattering convention

The reduced U.S. crude stockpiles amid geopolitical tensions could lead to 
increased oil price volatility and impact global economic stability.
The post US crude stockpiles hit lowest level since 2004 amid Iran tensions 
appeared first on Crypto Briefing.

The reduced U.S. crude stockpiles amid geopolitical tensions could lead to increased oil price volatility and impact global economic stability. The post US crude stockpiles hit lowest level since 2004 amid Iran tensions appeared first on Crypto Briefing.

US crude stockpiles hit lowest level since 2004 amid Iran tensions

Bitcoin is struggling as the price tests $62,000 as support — a level that would represent a significant extension of the correction from the cycle highs and a test of the structural foundation that bulls have been pointing to throughout the decline. The weakness is real and the selling pressure is persistent — and XWIN Research Japan has published an analysis that cuts through the competing macro narratives to identify what the on-chain data suggests is the actual driver of the current correction. Related Reading: HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges The explanations circulating in the market range from geopolitical tensions to Federal Reserve policy to Strategy&#8217;s recent small Bitcoin sale. XWIN Research Japan&#8217;s CryptoQuant analysis suggests a simpler and more fundamental explanation: buyers disappeared. The engine that powered Bitcoin&#8217;s 2024 to 2025 rally was not leverage, not retail momentum, and not speculative excess. It was consistent and sustained inflows into US spot Bitcoin ETFs — a structural demand source that absorbed supply methodically and provided the bid that supported progressively higher prices. In 2026, that engine reversed. ETF outflows increased while the Coinbase Premium remained negative for an extended period. Confirming that US institutional demand, the most durable and most significant category of buyer the market has ever seen, withdrew from active accumulation. Bitcoin Coinbase Premium Gap | Source: CryptoQuant The Realized Cap data quantifies the consequence. Bitcoin&#8217;s Realized Cap declined from approximately $1.12 trillion to $1.08 trillion — a reduction that represents nearly $40 billion of capital leaving the network. When the metric that measures actual invested capital falls by that magnitude, the market is not experiencing a sentiment correction. It is experiencing a genuine demand withdrawal. Bitcoin Realized Cap | Source: CryptoQuant 40 Billion Left the Network The XWIN Research Japan analysis traces where the capital went after it left Bitcoin. US equities — particularly AI-related companies delivering strong earnings growth, executing aggressive share buyback programs, and driving the S&amp;P 500 to record highs — presented a competing allocation that many institutions found more immediately compelling than Bitcoin in the current rate environment. Capital did not evaporate. It rotated into assets with visible profit growth and near-term catalysts that Bitcoin&#8217;s liquidity-dependent structure cannot currently match. The futures market amplified the price decline without causing it. Open Interest dropped sharply, Funding Rates normalized, and more than $150 million in leveraged long positions were liquidated between June 3 and June 4. Those liquidations were a consequence of weakening demand rather than its origin — derivatives unwinding into a market already lacking the spot bid needed to absorb forced selling. The comparison to 2022 is where the analysis provides its most important reassurance. Long-term holders remain largely intact. Exchange balances are still historically low. The current correction does not resemble the panic-driven supply excess that characterized the previous cycle&#8217;s collapse. The problem is not too much selling. It is too little buying. The recovery conditions the report identifies are specific. ETF flows returning to positive territory, the Coinbase Premium recovering above zero, Realized Cap resuming growth, and capital concentration in AI stocks beginning to slow — these are the signals that would confirm demand is returning rather than rotating further away. June&#8217;s correction was demand-driven. The next major Bitcoin trend will be determined by the same force that caused it. Related Reading: Bitcoin’s Most Important Metric Flashes Warning As Bulls Fight To Hold $60K Bitcoin Clings To $62K As Breakdown Reaches Critical Support Bitcoin remains under intense pressure after a violent selloff erased the entire April-May recovery and pushed price back into the same support zone that marked the February capitulation low. The daily chart shows BTC trading around $62,500 after briefly dipping near $61,000, placing the market directly inside the most important demand area of the year. Bitcoin consolidates below the $63K level | Source: BTCUSDT chart on TradingView Technically, the structure has deteriorated significantly. Bitcoin has lost the $72,000-$74,000 support zone that previously acted as a major pivot throughout April and May. That area has now flipped into resistance and represents the first major obstacle should a relief rally emerge. More importantly, the breakdown occurred with expanding volume, suggesting the move is being driven by aggressive selling rather than a temporary liquidity vacuum. Related Reading: Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level The market is now testing the February bottom region near $61,000-$64,000. Unlike previous pullbacks, this support is being challenged after a sequence of lower highs and lower lows, confirming bearish market structure across the daily timeframe. BTC also remains below the 50-day, 100-day, and 200-day moving averages, reinforcing the dominance of sellers. However, this area carries historical significance. The February capitulation ultimately marked the beginning of a multi-month recovery. If buyers defend the current zone, Bitcoin could attempt to build a base and stabilize. If support fails decisively, the next downside target becomes the psychological $60,000 level, followed by the high-$50,000 region. Featured image from ChatGPT, chart from TradingView.com

Bitcoin is struggling as the price tests $62,000 as support — a level that would represent a significant extension of the correction from the cycle highs and a test of the structural foundation that bulls have been pointing to throughout the decline. The weakness is real and the selling pressure is persistent — and XWIN &#8230;

Why Did Bitcoin Crash? On-Chain Data Points To One Missing Ingredient

India&#8217;s tax exemption on foreign bond investments aims to attract capital 
inflow, potentially stabilizing the rupee amid economic pressures.
The post India scraps taxes on foreign investments in bonds to stabilize rupee 
appeared first on Crypto Briefing.

India&#8217;s tax exemption on foreign bond investments aims to attract capital inflow, potentially stabilizing the rupee amid economic pressures. The post India scraps taxes on foreign investments in bonds to stabilize rupee appeared first on Crypto Briefing.

India scraps taxes on foreign investments in bonds to stabilize rupee

A significant BOJ rate hike could disrupt global markets, altering risk 
dynamics and signaling a shift from Japan&#8217;s long-standing monetary policy.
The post Mitsubishi UFJ warns Bank of Japan may need jumbo rate hike to 
support yen appeared first on Crypto Briefing.

A significant BOJ rate hike could disrupt global markets, altering risk dynamics and signaling a shift from Japan&#8217;s long-standing monetary policy. The post Mitsubishi UFJ warns Bank of Japan may need jumbo rate hike to support yen appeared first on Crypto Briefing.

Tencent’s new AI chief Yao Shunyu wants to build AGI, and he’s bringing OpenAI’s playbook with him

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