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PCE Inflation Shakes Markets: Nasdaq Rally Collapses, Bitcoin Falls to New 2026 Low
- Bitcoin fell to about $58,000, its lowest level since September 2024.
- Crypto liquidations topped $1.26 billion across more than 209,000 traders.
- Hotter May PCE inflation dimmed hopes for near-term Fed rate cuts.
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The Next PM Could Decide Britain’s Crypto Future
- Britain’s digital asset rules are already moving forward, despite political turmoil at No. 10.
- The next prime minister will still matter on unresolved issues like DeFi, stablecoins, tax and financial promotions.
- The sector’s bigger risk is crypto becoming a partisan culture-war issue, rather than a financial infrastructure debate.
China’s Top Bitcoin Miner Suggests Arthur Hayes Is Right About BTC Bottom
- Bitcoin miner Jiang Zhuoer predicts a $42,000 to $44,000 bottom in late 2026.
- He says Strategy's mNAV fell to 0.72, near its 2022 bear-market low.
- Arthur Hayes recently called a $40,000 Bitcoin bottom within six months.
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Ethereum Price Crash Triggers a 36% DEX Volume Surge
- Bitcoin slid to a fresh low this week while Ethereum held its June floor
- DEX volume jumped 36% and whales bought as ETH found its low
- A daily close below $1,551 would reopen the early June lows for ETH
TOP PICKS
Best Crypto Platforms to Buy Tokenized Gold in 2026
Tokenized gold platforms reviewed: Bitget, Binance, Kraken, Coinbase, Bybit. Evaluation criteria: regulatory compliance, supported gold tokens, trading fees, liquidity depth, and geographic availability.
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MemeCore Token Drops Below $1 Billion Market Cap After 76% Crash
- MemeCore's M token crashed 76% Thursday, wiping billions with no confirmed trigger.
- ZachXBT had flagged inorganic supply concentration and thin onchain liquidity.
- M's fully diluted valuation fell to roughly $3.69 billion in hours.
DeFi Total Value Locked Slides Every Month in 2026 to $70 Billion
- DeFi total value locked has fallen every month in 2026, down 39%.
- TRON and Hyperliquid were the only top-10 chains to grow TVL.
- DeFi logged 121 hacks in 2026, with $942 million stolen.
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After MiCAR, Europe’s Crypto Market Enters the Supervision Era
- Europe’s crypto market is moving toward long-term supervision, governance, and operational responsibility under MiCAR.
- Audrey Lim says successful implementation will depend on trust, investor protection, resilience, and credible regulatory engagement.
- KuCoin EU sees compliance and commercial growth as connected parts of building a sustainable digital asset business in Europe.
Prediction Market Kalshi Reportedly Eyes $40 Billion Valuation in New Funding Round
- Kalshi is reportedly in talks to raise funds at a roughly $40 billion valuation.
- The figure nearly doubles the $22 billion Kalshi reached last month.
- Kalshi also sued Illinois over a new sports-wagering licensing law.
