House committee unveils crypto tax plan that could reshape DeFi

By Lawrence Mondal from crypto.news The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments, staking rewards, and other digital asset transactions ahead of a June 9 congressional hearing. According to crypto journalist Eleanor Terrett, the discussion package breaks crypto

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What 13 straight days of Bitcoin ETF outflows really means

By Lawrence Mondal from crypto.news It is the longest losing streak the spot Bitcoin ETFs have ever recorded. Between May 15 and June 3, 2026, US-listed spot Bitcoin ETFs bled cash for 13 consecutive trading days, draining roughly $4.37 billion from the complex and flipping the year’s cumulative flows negative for the first time since

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Illinois lawmakers approve crypto tax with felony penalties

By (author not listed) from crypto.news According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency transactions that would apply to digital asset brokers operating in Illinois. Summary – Illinois lawmakers approved a budget bill containing a 0.2% tax on

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House Committee unveils crypto tax plan that could reshape DeFi

By Eleanor Terrett from crypto.news The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments, staking rewards, and other digital asset transactions ahead of a June 9 congressional hearing. According to crypto journalist Eleanor Terrett, the discussion package breaks crypto

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Bitcoin crashed below 2,000. What happened

By Rony Roy from Crypto.News Bitcoin has been in freefall since June 2, 2026. What started as a midday flash crash that knocked the price from about $71,765 to $67,895 has turned into a three-day slide. The setup: leverage at crash levels The most important fact about this crash is that the market was primed

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Bitcoin price slides below 3K as Iran tensions shake crypto markets

By Olivia Stephanie from crypto.news Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened. Summary – Bitcoin dropped below $63,000 as sellers broke the May range and liquidations crossed $1.1 billion. – Analysts now watch $60,000, $55,000 and $50,000 as pressure builds across Bitcoin derivatives markets. – RSI and MACD

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The Retail Rotation Thesis

By Olivia Stephanie from crypto.news The Retail Rotation Thesis Global Google search interest in cryptocurrency has fallen to 26-30 out of 100, down approximately 70 points from the August 2025 peak of 100. US search volume hit a full one-year low. Bitcoin-specific search interest in mid-May 2026 fell below the levels seen during the 2022-2023

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Worldcoin price jumps 8% as human-only tickets spark WLD rally

By Olivia Stephanie from crypto.news Worldcoin rallied after World Network partnered with Thirty Seconds to Mars to offer human-only ticket access for selected concerts. Worldcoin moved higher after the Sam Altman-linked identity project gained attention for a new ticketing use case. The partnership allows verified World ID users to access special Thirty Seconds to Mars

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