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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
06/07/2026 12:01 PM Solana (SOL) Plunges to $61: Whale Movements and ETF Reversals Trigger 31-Month Low
Solana (SOL) crashes to $61, its lowest since Nov 2023, as whales move $31.9M to exchanges, ETFs see outflows, and $1.5B liquidations threaten $60 support.
The post Solana (SOL) Plunges to $61: Whale Movements and ETF Reversals Trigger 31-Month Low appeared first on Blockonomi.
06/07/2026 11:53 AM Meta’s USDC Creator Payments: Revolutionary Idea With a Critical Gap
Meta rolls out USDC stablecoin payments to creators in 160+ countries, but leaves cryptocurrency-to-cash conversion challenges to users themselves.
The post Meta’s USDC Creator Payments: Revolutionary Idea With a Critical Gap appeared first on Blockonomi.
06/07/2026 11:34 AM XRP Plunges 70% From Peak as Analysts Eye $0.84 Target Amid Market Turmoil
XRP tumbles below $1.10, down 70% from peak. Analysts warn of possible 23% drop to $0.84 as Schwartz reveals new XRPL roadmap for tokenized assets.
The post XRP Plunges 70% From Peak as Analysts Eye $0.84 Target Amid Market Turmoil appeared first on Blockonomi.
06/07/2026 11:27 AM HTX Exchange Removes Trump-Linked USD1 Stablecoin Following Address Freeze by WLFI
HTX delists Trump-backed USD1 stablecoin after WLFI freezes exchange addresses over sanctions compliance, intensifying dispute with Justin Sun.
The post HTX Exchange Removes Trump-Linked USD1 Stablecoin Following Address Freeze by WLFI appeared first on Blockonomi.
06/07/2026 11:23 AM ETH Staking Rate Climbs to 32.4% as Ethereum Price Drops 33% in June
TLDR: ETH’s staking rate reached 32.4% of total supply on June 5, 2026, per CryptoQuant data. Daily staking inflows held at 50,476 ETH with no major drop following the June 2 crash. The staking rate added 40 basis points over 30 days while ETH spot price fell from $2,359 to $1,583. Analyst CW8900 notes ETH [...]
The post ETH Staking Rate Climbs to 32.4% as Ethereum Price Drops 33% in June appeared first on Blockonomi.
06/07/2026 11:21 AM Joseph Lubin Deploys $170M in Ethereum (ETH) to Secure $259M Loan Position
Ethereum co-founder Joseph Lubin moved $170M in ETH to protect a $259M DAI debt position as ETH fell below $1,600, sparking market speculation.
The post Joseph Lubin Deploys $170M in Ethereum (ETH) to Secure $259M Loan Position appeared first on Blockonomi.
06/07/2026 10:50 AM Bitcoin (BTC) Plunges to $59K as $1.6B Liquidation Event Rocks Crypto Markets
Bitcoin crashed to $59,100 as $1.6B in liquidations hit crypto markets. Strong US jobs data dampened Fed rate cut hopes. Is BTC finding a bottom at $60K?
The post Bitcoin (BTC) Plunges to $59K as $1.6B Liquidation Event Rocks Crypto Markets appeared first on Blockonomi.
06/07/2026 10:34 AM Ethereum Whale Cohort Hits All-Time Low of 11.04M ETH Amid Sustained Distribution
TLDR: The Ethereum whale cohort now holds 11.04M ETH, the lowest balance recorded across the full dataset history. Total holdings have fallen roughly 62% from the early-2022 peak of 28.83M ETH to the current level. Balances dropped nearly 50% in 12 months, falling from 22M ETH in mid-2025 to 11.04M ETH today. Data cannot confirm [...]
The post Ethereum Whale Cohort Hits All-Time Low of 11.04M ETH Amid Sustained Distribution appeared first on Blockonomi.
06/07/2026 01:40 AM Tether Designates Independent Board Member to Restore Twenty One Capital’s Audit Committee
TLDR: Tether International designated an independent director to Twenty One Capital’s board after SoftBank’s exit created a vacancy. The new appointee meets SEC Rule 10A-3 and NYSE Section 303A.02 independence standards for audit committees. Twenty One Capital holds over 43,500 Bitcoin and is building a vertically integrated Bitcoin business model. Paolo Ardoino stated that oversight [...]
The post Tether Designates Independent Board Member to Restore Twenty One Capital’s Audit Committee appeared first on Blockonomi.
06/07/2026 01:31 AM Sovereign Bitcoin Holdings Linked to Bhutan Continue Declining Amid Structured Sell-Off
TLDR: Bhutan-linked wallets moved 738 BTC worth $44.8M, continuing a structured sovereign drawdown pattern. Transfers occurred in mid-sized tranches, indicating structured selling rather than panic liquidation. Bitcoin traded near $60K while analysts tracked support between $55K and $50K levels forming a base. Onchain analysts noted no confirmed intent, with activity possibly reflecting OTC or internal [...]
The post Sovereign Bitcoin Holdings Linked to Bhutan Continue Declining Amid Structured Sell-Off appeared first on Blockonomi.
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