Bitcoin slips under $60K as Zcash bug rattles security confidence and hot jobs report revives rate fears

Bitcoin fell below $60,000 as a Zcash vulnerability stoked security worries and a strong U.S. jobs print pushed rate expectations higher. ETFs saw a small inflow after a 13-day streak of outflows.

Tom Lee’s BitMine Sells 9.5% Preferreds to Expand Ethereum Treasury, With Floating Liquidation Cushion

BitMine raises ~$274M via 3.5M Series A preferred at $80 with a 9.5% dividend, listing as BMNP, to fund ETH buys, MAVAN staking, and buybacks—backed by a floating liquidation preference.

Chainalysis highlights shift: “top‑tier” gray‑market peptide sellers rely on Bitcoin and stablecoins to scale

Chainalysis reports that leading gray‑market peptide vendors now use Bitcoin and stablecoins as their payments backbone, signaling a deliberate move to scalable, chargeback‑resistant rails.

Grayscale Flags Buyer Shift Needed for Bitcoin to Base as ‘Strategy’ BTC Selling Unfolds

Grayscale says Bitcoin needs new buyer cohorts to form a durable floor, noting ‘Strategy’ faces limits adding BTC at current STRC and MSTR share prices amid ongoing sales.

Bitcoin and Ether ETFs finally see green as traders pivot to equity perps before NFP

Bitcoin ETFs logged $3M in inflows after 13 days of redemptions, while ETH ETFs ended a 17-day slide, as traders rotated into equity perpetuals ahead of the NFP print.

Morgan Stanley, Galaxy Enable In‑Kind Path From Bitcoin to Spot Crypto ETP Shares via Lending

Morgan Stanley Wealth Management teams with Galaxy Digital to let eligible clients lend bitcoin and other crypto to receive spot ETP/ETF shares through in-kind conversions.

Saylor: Bitcoin Doesn’t Need a “Purity vs. Adoption” Choice as BTC Slides—Four Camps Can Thrive Together

As BTC extends losses, Michael Saylor argues Bitcoin shouldn’t pick between purity and adoption, saying four ecosystem camps each play a necessary role. Here’s why that balance matters.

Bernstein Sees Bitcoin Miners Becoming AI’s Electricity Landlords, With TeraWulf and Cipher Poised for Big Gains

Bitcoin miners are leasing energized capacity to hyperscalers. Bernstein rates TeraWulf and Cipher “Outperform,” seeing AI revenue jumping from $1.2B in 2026 to $10.7B by 2030.

Saylor Cites AI-Driven Capital Rotation as Bitcoin Slides 13%; ETFs Log $4.3B in Outflows

Michael Saylor says investor cash is shifting to AI as Bitcoin drops 13% this week. BTC ETFs have seen $4.3B in outflows since May 14, while MSTR and crypto broadly retreat.

Stablecoins Overtake Bitcoin in $100M ‘Looksmaxxing’ Peptide Gray Market, Says Chainalysis

A fast-growing peptide gray market linked to the looksmaxxing trend is processing $100M annually, with vendors shifting from Bitcoin to stablecoins for wholesale orders.