🚨 ALERT: Crypto Fear & Greed drops to 8, deep in Extreme Fear territory.

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⚡NEW: Phemex launches the 2026 Ultimate Championship, a 42-day trading and prediction campaign with a $7M prize pool.

At the center of the campaign is the Golden Ball, which users can earn and use across multiple event tracks, including prediction markets, Mystery Boxes, trading challenges, and country-based team competition.

The campaign runs from June 8 to July 20.

https://phemex.com/football-championship/2026-ultimate-championship?group=8351&referralCode=IPWHK5

[Brought to you by Phemex]

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Cointelegraph is hosting its Private Salon during EthCC NYC on June 9.

The event will bring together a curated group of 55 senior leaders across Web3 and institutional finance whose ideas, decisions, and relationships help move the industry forward.

Co-hosted by Neyro Network.

Request an invitation:

https://luma.com/wewtohg1

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⚡️ INSIGHT: "Satoshi invented decentralized trust. Vitalik showed how we could make it more expressive." Joseph Lubin at ETH Conf.

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🔥 BULLISH: "Tokenization is going to move everything onchain. All these institutions need to get onchain really fast." Joseph Lubin at ETH Conf.

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⚡️ INSIGHT: "Hyperliquid is a forcing function for the whole financial world to get online." - Joseph Lubin at ETH Conf.

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⚡️ INSIGHT: “The Twitter vibes are really negative, but when it comes to adoption of the technology, it’s basically the best it’s ever been.” says Hayden Adams at ETH Conf

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⚡️ INSIGHT: "Crypto is much more than a niche product that a few traders use. Nearly every country is going to use it, they just won't realize they're using it," Nemi Dalal of Y Combinator at ETH Conf.

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🗞 Catch up on the news over the last 24 hours!

🚨 Elon Musk thinks SpaceX could become the “largest in this sector of the galaxy”.

🇺🇸 SEN. LUMMIS: “The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line.”

🚨 Peter Schiff pushed back on Jamie Dimon's call to subject crypto firms to bank-level capital and compliance rules.

🇺🇸 The US House Ways and Means Committee circulated 7 draft bills on digital asset taxation ahead of Tuesday's hearing.

🚨 Coinbase CEO Brian Armstrong predicts demand for AI is near infinite, but expects 80% of workloads to run on 99% cheaper models within 12–18 months.

🇺🇸 A New York Supreme Court judge has stayed a lawsuit seeking ownership of nearly 40,000 dormant Bitcoin wallets, with a hearing set for July 14.

🔥 Nvidia CEO Jensen Huang brushed off concerns over the global chip stock selloff, saying "Everybody should be very excited, they can now buy stock at a cheaper price."

🇺🇸 President Trump says "there's no reason to raise interest rates."

🚨 Crypto Fear & Greed drops to 8, deep in Extreme Fear territory.

🔥 Strategy bought 1,550 BTC for $101.3M. They now hold 845,256 BTC.

⚡️ Sam Bankman-Fried has formally applied for a presidential pardon from Donald Trump, per Bloomberg.

🚨 OpenAI has filed a confidential S-1 for a potential IPO, with no timeline set as the company weighs the tradeoffs of going public versus remaining private.

🇺🇸 US administration officials are set to meet law enforcement groups at the White House this Wednesday to address concerns that certain Clarity Act provisions could hinder efforts to combat illicit finance, per Eleanor Terrett.

🔥 Citrini Research calls $HYPE a compelling investment, noting Hyperliquid has accounted for nearly half of all crypto token buybacks in 2025.

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