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Author: CryptoPress

Weekly Snapshot  – Crypto Market Correction

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Bitcoin and Ethereum Face Severe Weekly Correction The crypto market endured one of its worst weeks in recent years, with Bitcoin declining approximately 17-20% and trading around $61,000-$63,000 as of early June 8, 2026. Ethereum followed suit with similar losses, pushing the total market capitalization lower by hundreds of billions. Key drivers include sustained outflows from U.S. spot Bitcoin ETFs (over $3 billion recently reported in...

Altcoins, Bitcoin, Crypto market, ETF, Ethereum

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MyBalance

MY BALANCE: The Global Crypto Solution Aiming to Turn USDT Into an Everyday Payment Tool

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The official website for MY BALANCE is https://mybalance.website, where the project presents its global crypto payment vision. MY BALANCE was created with a simple yet ambitious premise: to allow anyone, regardless of their country of residence, to use USDT and other stablecoins to pay merchants anywhere in the world, while the seller automatically receives the equivalent amount in local currency. The new solution is presented as a...

dApps, Featured, Press release, Wallets

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Crypto's Worst Week Since July 2024, Over .2 Billion in Positions Liquidated

Crypto’s Worst Week Since July 2024, Over $1.2 Billion in Positions Liquidated

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Bitcoin fell sharply this week, trading near or below the $60,000 psychological level — its weakest prints in months — as the broader market shed significant value. Ethereum plunged more than 12% on the day in some reports, approaching critical technical support amid the selloff. Liquidations exceeded $1.2 billion (with some sessions topping $1.7–1.8 billion), overwhelmingly hitting long positions as leveraged traders were flushed...

Bitcoin, Ethereum, Front page, News

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Strategy Falls Out of Top 200 Largest U.S. Companies Amid Bitcoin Volatility

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Strategy Inc. has slipped out of the top 200 U.S. public companies by market capitalization as its valuation declined to approximately $47.9 billion. The drop in market ranking is closely tied to bitcoin’s recent price correction to around $61,000, impacting the company’s asset value. The company’s corporate treasury now faces an unrealized loss exceeding $7.3 billion on its digital asset holdings. Strategy Inc., the...

Breaking, News

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Cardano Analytics Platform TapTools to Shut Down as Founder Warns of Ecosystem ‘Wave of Failures’

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TapTools, a major analytics and data platform for Cardano, announced it will cease operations within the next two weeks. The decision follows a severe leadership crisis, including the departure of multiple co-founders and key technical executives. Cardano founder Charles Hoskinson warned that the shutdown foreshadows a broader wave of ecosystem failures and consolidation. Cardano data analytics and infrastructure platform TapTools has...

Breaking, News

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