Bitcoin’s drop below $60,000 to a fresh cycle low reflects multiple overlapping headwinds rather than a single catalyst, according to CoinDesk, citing a report by NYDIG global head of research Greg Cipolaro. He pointed to capital rotating into AI, cash-raising ahead of potential tech IPOs such as SpaceX, OpenAI and Anthropic, renewed quantum-computing security concerns, Treasury Secretary Scott Bessent’s claim that U.S. authorities seized roughly $1 billion of Iranian-linked crypto assets, and Strategy’s sale of 32 BTC ($2.5 million at the time). Cipolaro said onchain metrics suggest a major bottom may be nearing.

Machi Big Brother’s address increased its Ethereum long position in six transactions over the past hour, using 25x leverage to go long 3,390 ETH at an average entry price of $1,599.29. According to ChainCatcher, HyperInsight monitoring data showed the position had an unrealized profit of $109,800 at the time of the report.

U.S. President Donald Trump said he wants to suspend the federal gas tax, which costs drivers over 18 cents per gallon. Bloomberg posted on X, citing comments from Sen. Armstrong (R-OK) in an interview with David Gura and Eena Ruffini, that the senator warned suspending the gasoline tax could have fiscal consequences. Armstrong said that removing the gasoline tax would increase the deficit and could ultimately lead to higher taxes elsewhere.

Arthur Hayes said he has sold his entire HYPE position after previously predicting the token could reach $150 by August 2026. According to NS3.AI, Hayes also warned that Wall Street firms and established crypto players could reduce Hyperliquid’s market share in real-world asset perpetuals.

Zcash (ZEC) recorded total network liquidations of $17.53 million over the past 24 hours. According to NS3.AI, Coinglass data shows short liquidations accounted for $13.88 million, while long liquidations totaled $3.66 million.

South Korean police have opened the country’s first illegal gambling investigation into domestic Polymarket users linked to bets on the Jun. 3 local elections. According to NS3.AI, the Gangwon Provincial Police Agency is tracing cryptocurrency transaction records at the request of the National Police Agency. Authorities said identified users could face fines of up to 10 million won.

Analysts expect Micron to report about 263% year-over-year revenue growth when it releases fiscal third-quarter earnings on June 24. According to NS3.AI, Micron has guided for $33.5 billion in revenue, while the Wall Street consensus estimate stands at $33.8 billion.

Abra CEO Bill Barhydt said Wall Street’s next major crypto narrative is tokenization, as the firm prepares for a Nasdaq debut. In an interview, according to CoinDesk, Abra plans to go public via a merger with SPAC New Providence Acquisition Corp. III in a deal announced in March valuing Abra at $750 million; the combined company would be renamed Abra Financial Inc. and list on Nasdaq under ticker ABRX, subject to regulatory approvals and SEC approval. Abra plans to launch BTCAF, a yield-bearing bitcoin product, after demand for its USDAF tokenized dollar offering, and is expanding onchain lending against bitcoin, ether (ETH) and solana (SOL).

Nvidia CEO Jensen Huang said the company’s new Vera central processing unit will use memory chips from SK Hynix, and the two companies expect to expand cooperation over the next year. According to ChainCatcher, Huang told reporters on Sunday in Seoul that he had dinner the same day with SK Group Chairman Chey Tae-won, SK Hynix CEO Kwak Noh-jung, and SK Telecom executives. Huang said Nvidia’s collaboration with SK Hynix has been large this year and that the companies are preparing for broader cooperation in the second half of this year and next year. Huang said the Vera CPU will use SK Hynix DRAM. He described Vera as Nvidia’s first standalone data center microprocessor, positioning it against Intel’s Xeon line, AMD’s EPYC chips, and in-house server chips such as Amazon’s Graviton. Huang arrived in South Korea on Friday to visit partners and suppliers and said he planned to meet Samsung Electronics Vice Chairman Jun Young-hyun on Monday, along with executives from Hyundai Motor Group and LG Group. He also said Nvidia is in discussions with telecommunications companies about using future telecom networks for artificial intelligence applications.

Garrett Jin, described as an agent of the “1011 insider whale,” has fully closed a previously opened 3x leveraged ZEC short position after ZEC rebounded in price. According to Odaily, Hyperbot data shows Jin still holds a 5x leveraged Bitcoin long position totaling 1,268.33487 BTC, with a liquidation price of $40,951. The data indicates the overall position is showing an unrealized loss of $17.925 million, with a return on investment of -114.01%.

Hamster Kombat launches Hamster Network, a gaming-focused Layer-2 blockchain on TON, offering scalable, low-cost Web3 gaming infrastructure. Built on TON’s secure Layer-1, it supports dApps, a wallet, bridge, and DEX. Can this expansion revive its past hype and sustain relevance?

Hamster Kombat has released a teaser trailer for Season 2 of its popular Telegram clicker game, aiming to engage its community. This season will focus on game development and publishing, allowing players to take on the role of CEO and create their own gaming studio.

Telegram's top crypto games, Hamster Kombat (HMSTR) and Catizen (CATI), have seen their tokens drop over 50% from peak values, echoing declines in other gaming tokens like Notcoin (NOT) and Toncoin (TON). The question now is whether they can recover or face a continued decline and possible collapse.