crtypto & forex news

Vietnam is planning to require that all domestic crypto trading — including transactions in Bitcoin, Ethereum, and stablecoins like USDT and USDC — be settled in Vietnamese dong, a rule that would effectively bar dollar-paired trades on licensed platforms. All Eyes On Licensing The requirement came out of a conference held in Hanoi on Friday, where officials from the State Securities Commission, the State Bank of Vietnam , and the Ministry of Public Security gathered alongside banks, securities firms, and blockchain industry groups to discuss the country’s path toward formal crypto regulation . Officials said all trading would eventually have to go through licensed virtual asset service providers, though investors would still be allowed to keep assets in personal wallets. Foreign investors would be permitted to open accounts and take part in the market, while domestic participation would initially be limited to those already holding crypto assets. Bui Hoang Hai, vice chairma...

A wallet linked to one of Ethereum’s co-founders has moved more than $121 million worth of ETH for the first time in over three years, and it could not have come at a worse time for market sentiment. The transfer comes at a sensitive moment for ETH, which reacted by falling to a yearly low of $1,537 in the past 24 hours before recovering slightly back above $1,640 at the time of writing. Joseph Lubin-Linked Wallet Moves 80,001 ETH After Three Years Blockchain analytics platform Lookonchain flagged a notable transfer on June 6, noting that a wallet associated with Joseph Lubin, the co-founder of Ethereum and chief executive of Consensys, moved 80,001 ETH valued at $121.6 million following more than three years of complete dormancy.  Before Lookonchain highlighted the activity , the wallet held 243,300 ETH worth around $370 million. However, the movement did not stop with the initial 80,001 ETH transfer. Data from Arkham Intelligence shows that another 30,000 ETH was moved out ...

Arthur Hayes has disclosed the unwinding of his Worldcoin position just days after revealing a major rebalancing of Maelstrom’s portfolio. On Friday, June 5th, the BitMEX co-founder proclaimed that “the Holy Trinity is dead,” dumping his Zcash , Hyperliquid, and NEAR holdings while touting WLD’s prospects of outperforming. Hayes revealed the recently found Orchard Pool vulnerability as the rationale behind taking profit on Zcash. Meanwhile, the Maelstrom CIO had earlier sold off his entire HYPE and NEAR holdings, citing higher energy prices (due to the war in Iran), imminent US IPOs, and a rising anti-AI political stance. Was It All Hype? As Hayes dumped his Zcash positions, he announced his continued exposure to Worldcoin, citing his expectation that SpaceX’s IPO would catalyze WLD’s move higher. The crypto founder went on to say, “never bet against Elon,” as the price of Worldcoin remained fairly steady during Friday’s market st...

Justin Sun has reportedly been offered a behind-the-scenes settlement by a World Liberty Financial investor, though no resolution has been announced. That unresolved tension now has a new flashpoint: Sun’s crypto exchange HTX has moved to fully delist USD1, the stablecoin tied to US President Donald Trump’s World Liberty Financial project. A Freeze That Started It All HTX announced on June 6 that USD1 would be removed from its platform on June 7. Users holding USD1 on the exchange will have their balances converted to USDT at a 1:1 rate, with the converted funds credited to their spot accounts. The exchange said the decision was made to reduce potential risks, protect user assets, and maintain fair trading conditions. HTX stopped short of labeling it retaliation, but the timing left little ambiguity. 火币 HTX 关于 $WLFI、 $USD1 资产处理的情况说明 The World Liberty Financial (WLFI) 项目方近期以相关制裁合规审查为由，单方面对火币 HTX 相关链上地址采取冻结措施，导致部分 WLFI 资产链上流转受限。 鉴于 USD1 同样由 WLFI… — 火币HTX (@HuobiGlo...

Seasoned analyst Darkfost reports that altcoins remain in a precarious market position, especially following recent global financial losses. For context, over $1 trillion was wiped out of US financial markets on Friday due to weak sentiment around AI and semiconductor stocks. The widespread decline encompassed losses of 2.6% in the S&P 500, 4.7% in the Nasdaq, and 4% in Bitcoin. Two Years On, Altcoins Continue To Underperform The Market For altcoins, the rust runs deeper, as this set of cryptocurrencies has consistently struggled to appreciate since December 2024, showing little correlation with Bitcoin in the current cycle. According to Darkfost , the recent decline indicates that 83% of these alternatives to Bitcoin are trading below their 200-day moving average (200DMA), a key long-term indicator of price growth. This suggests that investor sentiment towards altcoins is strongly bearish, as capital continues to concentrate in Bitcoin. The analyst further notes that the curr...

The cryptocurrency market was shaken by a dramatic collapse in Zcash price, with the privacy-focused digital asset losing more than half of its value in just 24 hours. This sudden decline erased billions of dollars from its market capitalization, making it one of the most significant single-day drawdowns seen in the sector this year. What Triggered Zcash’s Dramatic Market Collapse? The dramatic collapse in Zcash may be tied to fear surrounding a recently disclosed vulnerability affecting the network’s privacy infrastructure. In a recent post on X, an analyst known as Bull Theory revealed that the biggest privacy coin lost over 50% of its value within 24 hours, erasing $5 billion from its market capitalization. This sharp selloff was hidden inside the Zcash Orchard privacy pool since May 2022 and remained undetected for nearly four years despite multiple security audits. Reports indicate that security researcher Taylor Hornby identified the issue using the Claude Opus 4.8 art...

The US Spot Bitcoin ETFs are experiencing a sustained bearish performance, especially as the premier cryptocurrency succumbs to another wave of correction. Recent data suggest that these ETFs recorded 13 consecutive trading days of net outflows between Mid-May and early June, with investors pulling out about $4.33 billion. Nevertheless, these assets still boast of net assets valued at $75.12 billion.  In a quicktake post on the CryptoQuant platform, analytics group XWIN Research Japan reported that after years of approving the US Spot Bitcoin ETFs, investors and market participants are starting to anticipate which country might produce the next major ETF market, with Japan emerging as a likely candidate. Regulatory Reforms Strengthen Japan’s Bitcoin ETF Prospects In a QuickTake post on June 3, XWIN analysts report that, first, Japanese regulators were pushing reforms that would shift the jurisdiction of crypto assets from the Payment Service Act framework to the Financial Ins...