House Financial Services Committee member French Hill told Fox News that traditional banks do not need to issue stablecoins to compete in blockchain payments - tokenized deposits do the same job while keeping funds inside the regulated banking system.
Latest articles by Kosta Gushterov
The $60,000 level that held through the February 2026 correction has now been breached, with the weekly candle still open.
JPMorgan, Bank of America, Citigroup, and Wells Fargo are building a blockchain-based network to stop corporate money from leaving traditional banks. At the same time, Stripe, Visa, and Mastercard are building a competing system to move that same money through private digital dollars instead. Coinbase sits in the middle of both, with a contract renewal in August 2026 that could shift the balance.
Data pulled on June 5, 2026 reveals a stark divergence between what major blockchain networks are worth on paper and what they actually earn from users. When we take a closer look at the numbers, the conclusions are difficult to ignore.
Six consecutive days of selling have pushed Ethereum down 8% on the day, 18% on the week, 24% on the month, and 40% over the past year, with $286M in 24-hour liquidations running 86% long - confirming forced selling is amplifying spot market pressure rather than creating it.
Peter Schiff posted on June 3 that Bitcoin has too much complacency to be near a bottom and predicted a fall below $20,000 after $50,000 breaks. The same week, Santiment confirmed crowd sentiment hit its most bearish reading in the entire measured period - which historically is not where complacency lives.
Bitcoin is trading at $62,377 at time of writing, sitting on and breaking beneath the lower channel line of the ascending channel that has defined its structure since 2022, with the June monthly close now one of the most important data point for Bitcoin's long-term chart structure.
The cryptocurrency market correction following the 2025 bullish cycle has provided a stark reminder of digital asset volatility. To assess the structural impact of this market shift, in this report we measure the precise percentage drawdowns from the 2025 highs of seven large cryptocurrencies.
A four-month high in miner inflows to Binance, $1.61B in forced liquidations, and an RSI at 18.33 arrived in the same session - each pressure point independent, each amplifying the others.
CoinGlass data confirms 185,298 traders liquidated in 24 hours for $939.87M, with $755.95M from long positions, as BNB, ETH, and ADA lead 24-hour declines across major assets.
Behind the three fastest-growing chains in May sits a governance takeover, a protocol-level fee removal, and a reliability crisis that the headline numbers do not show.
Strategy needs Bitcoin to recover 15% before its $63.87B cost basis turns positive. At current prices, that gap is widening.