1⃣ Bitcoin (BTC) fell more than 5% in a single day, briefly breaking $62,000, as the ongoing conflict with Iran put continued pressure on the market, causing the total market capitalization of the cryptocurrency market to drop to $2.24 trillion.
2⃣ Zcash urgently patched a critical vulnerability in Orchard's liquidity pool that allowed for the "unlimited issuance of counterfeit ZEC," but due to the privacy pool's nature, it's impossible to prove whether it had already been exploited before the patch, causing ZEC to drop by nearly 29% at one point.
3⃣ The US spot Bitcoin ETF saw a net outflow of 7,272 BTC, approximately $465 million, while the Ethereum ETF experienced a net outflow of 45,424 ETH, approximately $80.45 million, indicating that capital outflows continue.
4⃣ US Treasury Secretary Bessent stated that the strategic Bitcoin reserve is progressing at a "cautious but steady" pace, with the US government currently holding approximately 328,372 BTC. He also noted that the US continues to push for the Crypto Clarity Act to be passed this summer.
5⃣ The US May non-farm payroll data will be released this week; the market is focusing on the employment trend and its judgment on the subsequent interest rate hike path.
6⃣ Mastercard announced that it will include regulated stablecoins in its settlement system and support weekday, holiday, and weekend clearing, covering Ethereum, Solana, XRP Ledger, Base, and Tempo, with initial launches in the United States and Latin America.
7⃣ SpaceX IPO sentiment heats up, with signs of institutional investors selling shares to snap up new stock; analysts warn of market overheating risks.
8⃣ Arthur Hayes sold off 247,334 HYPE tokens, worth approximately $18 million. HYPE tokens quickly fell back to around $67 after hitting an all-time high of $75.50, a drop of over 10% in 24 hours.
