Bitcoin is facing one of the most challenging U.S. Treasury yield backdrops in its history, crypto analyst Darkfost said in a social media post. According to ChainCatcher, Darkfost noted that while the U.S. federal funds rate and the U.S. dollar index have been higher in past cycles, long-term U.S. Treasury yields are currently staying elevated, with both 30-year and 10-year yields fluctuating in the 4.5% to 5% range. The analyst added that rising expectations of another rate hike within the year are keeping funding costs high and tightening liquidity conditions. Darkfost argued that in a high-yield environment, investors tend to favor lower-risk fixed-income assets, which can reduce the appeal of risk assets such as Bitcoin. The post also cited historical patterns suggesting that rising Treasury yields often coincide with tighter financial conditions and can weigh on Bitcoin’s price performance. The analyst said markets may be at a turning point, with the risk premium offered by risk assets relative to long-term Treasuries being compressed. However, Darkfost added that if the macroeconomic outlook becomes clearer and investors rebuild confidence in the bond market, inflows into bonds could help push yields lower, potentially widening risk premia again and improving conditions for Bitcoin and other risk assets. Darkfost said this adjustment process could take months and would largely depend on the direction of U.S. government policy and broader economic developments.

Bitcoin has seen rising inflows to exchanges while stablecoin liquidity has continued to flow out, worsening both supply and demand conditions and contributing to Bitcoin’s roughly 22% pullback from its May peak, CryptoQuant analyst Axel Adler said. According to ChainCatcher, Adler cited data showing Bitcoin’s 30-day net exchange flow has turned clearly positive at about +114,000 BTC, compared with net outflows of roughly -85,000 to -115,000 BTC in early May. He said the shift suggests the market has moved from an accumulation phase to a distribution phase. The indicator briefly climbed to around +167,000 BTC in early June, which Adler said points to more holders moving BTC onto exchanges, increasing potential selling pressure. At the same time, the 30-day moving average of stablecoin net flows has remained negative at about -$105 million. In early May, the metric was still positive in the range of about +$40 million to +$90 million, indicating stronger buying liquidity, but it turned negative after mid-May. Adler added that the stablecoin outflow widened in early June to roughly -$150 million to -$170 million, suggesting funds are leaving exchanges and reducing available buying power.

Tamim Haidar was sentenced to one and a half years in prison after stealing more than $800,000 from Wells Fargo. According to NS3.AI, Haidar pleaded guilty to embezzlement by a bank employee and two counts related to money transactions.

Zcash developers have resumed Orchard transactions after an AI-led security review found no additional serious issues in the protocol, according to Zooko Wilcox. According to NS3.AI, Wilcox said Anthropic’s Claude Mythos audit did not identify any more serious bugs in the Zcash protocol. Shielded Labs requested the AI security audit. Zcash developers had temporarily suspended Orchard transactions on June 3 after discovering a vulnerability affecting the shielded pool.

Iran’s Foreign Ministry spokesperson said the country’s negotiation team has no plans to visit Pakistan or Geneva in the coming days. According to Odaily, the spokesperson made the remarks in comments reported by Iran’s national news agency.

Bitcoin rebounded above $64,000 after Pakistan said a US-Iran peace deal could be finalized within 24 hours, easing recent geopolitical jitters. According to BeInCrypto, Pakistani Prime Minister Shehbaz Sharif said the sides were “closer to a peace deal than ever before,” with Pakistan preparing for an electronic signing once finalized and technical-level talks expected next week. BTC traded around $64,100, up about 1.2% to 1.4% in 24 hours, while the total crypto market rose about 1% to near $2.2 trillion.

Ripple CEO Brad Garlinghouse intensified criticism of JPMorgan CEO Jamie Dimon, accusing him of mischaracterizing the proposed CLARITY Act, a US crypto market framework. According to BeInCrypto, Garlinghouse said Dimon’s claims that the bill would reduce compliance and make it easier to “do bad things” are “not true,” calling it intentional misrepresentation or negligence. Dimon said, “We will fight the CLARITY Act.” BeInCrypto reported Congress faces a compressed calendar before the August recess, while Ripple is expanding into liquidity products, AI integrations for payments, and its RLUSD stablecoin initiative.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.

The combination of rising leverage and lagging depreciation has caused risks to spread from off-balance-sheet to the credit system.

SpaceX, US stock, xStocks' SpaceX IPO saw a massive reduction in allocations, which is not a sign of disrespect for the cryptocurrency market. Golden Finance reports that this isn't the first time the core underwriting syndicate has changed allocations at the last minute.

On the opening day of the world's largest IPO, crypto platforms experienced a quota incident.

Predictions, Polymarket, Market Trends, Were Crypto Retail Investors "Dumped" by SpaceX? Golden Finance: What have KOLs on SpaceX been talking about in the past 24 hours?

Taking contracts offline is not just a matter of documentation; it is an essential part of security control.

Anthropic's latest models, Fable 5 and Mythos 5, are embroiled in controversy again.

After more than two decades of waiting, Musk has finally brought SpaceX to the capital market.

Due to a significant reduction in retail allocations, xStocks' upstream underwriters were unable to deliver the full amount of SpaceX's underlying shares to participating platforms. Consequently, several exchanges that partnered with xStocks, including Bybit and Binance, announced that they were unable to complete the settlement and would have to issue collective refunds.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse 8 AM," issue 3088, providing you with the latest and fastest news on the digital currency and blockchain industry.