ConSensys has acquired Web3Auth, which it says will help it improve the user experience for its popular MetaMask crypto wallet.

ConSensys says Web3Auth acquisition to ‘greatly improve’ MetaMask UX

Despite recent volatility, several key indicators are pointing to a bullish 
undercurrent for Bitcoin (BTC). These include Binance’s rising market 
dominance, renewed accumulation by long-term holders (LTH), and significant 
BTC withdrawals from major crypto exchanges. Bitcoin Showing Signs Of Renewed 
Strength At the time of writing, Bitcoin is trading in the mid-$100,000 range 
&#8211; approximately 6.1% below its latest all-time high (ATH) recorded on May 22. 
The flagship cryptocurrency has declined more than 3.5% over the past seven 
days amid renewed concerns over global trade tensions and tariffs. Related 
Reading: Bitcoin Surges With Low Retail Interest – Is A Second Wave Coming? 
However, according to a recent CryptoQuant Quicktake post by contributor Amr 
Taha, several bullish signals have emerged since the start of June. Most 
notably, the LTH Net Position Realized Cap recently crossed the $20 billion 
threshold, reflecting increased confidence among seasoned investors. For 
context, LTHs are entities that have held BTC for over 155 days. Often 
referred to as &#8220;smart money,&#8221; these investors typically follow long-term 
strategies and are less likely to sell during short-term market corrections. 
The Realized Cap metric tracks the total value of BTC held by LTHs, based on 
the price at which coins were last moved. A rising value in this metric 
implies accumulation by long-term investors &#8211; behavior that historically 
precedes bullish continuation phases. Meanwhile, major exchanges such as 
Kraken and Bitfinex have witnessed substantial BTC outflows. Over two 
consecutive days, more than 20,000 BTC exited these platforms &#8211; marking one of 
the largest short-term withdrawal spikes in recent months. Such major Bitcoin 
withdrawals from exchanges are considered bullish because they signal that 
investors intend to hold their BTC in private wallets rather than sell it, 
reducing the available supply for trading. This supply contraction can create 
upward pressure on price, especially when demand remains steady or increases. 
At the same time, Binance has strengthened its lead in spot market dominance. 
Since early June, its share of BTC spot trading volume has increased from 26% 
to 35%, signalling growing market activity. This uptick aligns with BTC 
testing key resistance levels. Taha remarked: The convergence of rising 
exchange dominance, long-term holder confidence, and supply tightening paints 
a bullish picture for Bitcoin. While short-term corrections are possible, the 
underlying demand and reduction in available BTC on exchanges suggest that the 
uptrend is far from over. BTC Benefitting From Neutral Funding Rates, Low 
Selling Pressure Recent on-chain data shows that the BTC derivatives market 
has undergone a complete reset, with its funding rates now hovering around 
zero, not showing any directional bias. Similarly, selling pressure on BTC has 
remained subdued, evident from low Binance inflows. Related Reading: Bitcoin 
Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows That said, 
some caution is warranted. Fresh on-chain data suggests that cracks may be 
forming in the sustainability of the current bullish momentum. At press time, 
BTC trades at $105,022, down 0.3% in the past 24 hours. Featured image from 
Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin Signals Strength As Long-Term Holder Realized Cap Surges Past $20 Billion – Details

JPMorgan CEO delivers a dire wake-up call as he warns that internal chaos 
could dethrone the U.S. dollar and shatter American global supremacy. JPMorgan 
CEO Jamie Dimon Questions Future of US Dollar as Reserve Currency Amid 
Domestic Decline JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon issued a stern 
warning at the Reagan National Economic Forum […]

JPMorgan CEO Warns US Dollar Could Lose Reserve Status Without Reform

Bitcoin is surging into the spotlight as Coinbase’s CEO and Elon Musk sound 
alarms on U.S. debt, signaling the crypto’s rise as a serious reserve currency 
contender. Elon Musk Supports Coinbase Outlook: Bitcoin May Topple US Dollar 
as Reserve Currency Coinbase CEO Brian Armstrong voiced concern on June 3 on 
social media platform X over […]

Elon Musk Backs Coinbase Warning: Bitcoin Could Replace Dollar Amid US Fiscal Crisis

USDC issuer Circle has again upsized its initial public offering above the 
marketed range, selling 34 million shares at $31 each.

Stablecoin giant Circle again boosts IPO to over $1 billion

Cardi B’s recent post about the meme token Wet A*s P*ssy (WAP) turned into a 
dramatic market shakeup. Within minutes, WAP’s market cap plunged from $2 
million to just $150,000. The token’s price shot up to $0.0020 briefly, then 
tumbled over 90% back to $0.00019, wiping away almost all of this week’s 
gains. Related Reading: Is $250K Bitcoin Possible This Year? This Research 
Chief Thinks So Celebrity Tweet Sparks Chaos According to reports, Cardi B 
shared a wallet address on her official X account with the caption “even 
wetter than last time.” That single message sent ripples through the crypto 
world. Prices leaped, then crashed. Market watchers were left scratching their 
heads as billions of dollars in value seemed to vanish in mere moments. 
Suspicious Wallet Activity Blockchain trackers spotted something odd. A 
handful of wallets bought big chunks of WAP just five days before the tweet. 
They offloaded their tokens almost immediately after Cardi B’s post, banking 
roughly 10 times their original stake. So today, @iamcardib remembered that 
she still held a large portion of the $WAP supply and decided to run another 
pump and dump. The token went from 2.5M to 139k a couple of minutes after the 
tweet The dump was triggered by some wallets that bought the token around five 
days… pic.twitter.com/7Nwr27rcZA — dethective (@dethective) June 3, 2025 These 
sudden sells helped push the token’s price back down to around $0.00019. Based 
on reports, this pattern looks like a classic pump-and-dump. It raises 
questions about whether insiders planned the entire move. POV you might owe 
millions pic.twitter.com/j9FGLgoSBM — ZachXBT (@zachxbt) June 4, 2025 History 
Of WAP Controversies This isn’t the first time WAP caused trouble. Back in 
October 2024, Cardi B gave it a shout-out, and security firm PeckShield 
flagged the token for possible malicious deeds. That earlier buzz even led to 
an investigation by the UAE’s Securities and Commodities Authority after 
investors raised alarms over fraud and market manipulation. Many in the crypto 
community thought everyone would steer clear this time. Instead, the past 
slipped from memory, leading to heavy losses all over again. Investors Left 
Holding The Bag In the last 24 hours, WAP’s value dropped another 80%. Now it 
trades near the same levels it was at the end of May. Everyday traders who 
jumped on the hype found themselves staring at red numbers. Based on reports, 
some wallets walked away with tenfold returns in minutes. Meanwhile, others 
ended up with nearly worthless tokens. The speed of this rise-and-fall serves 
as a harsh reminder: if you buy a token right as it peaks, you might be stuck 
when the next crash hits. Related Reading: $500M Bet On Solana: Education 
Platform Aims To Supercharge Its Treasury Cardi B’s follow-up post clarified 
that her account was not hacked, promising more from “$WAP space” soon. Yet 
this explanation did little to calm nerves. Critics say it’s hard to separate 
the artist’s genuine interest from a planned marketing push. Some point out 
that even if she didn’t directly benefit, her endorsement gave insiders 
exactly the spotlight they needed to unload their shares. Featured image from 
Andrew Kelly/Reuters/USA Today, chart from TradingView