Sahara AI said it did not cause the sharp selloff in SAHARA and stated that no team tokens were sold. The project explained that a 600 million SAHARA transfer was a pre-scheduled Chainlink CCIP bridge liquidity fill, with another 150 million SAHARA planned for deposit. SAHARA fell 65% in a day before paring losses to 45% at the time of writing, with traders watching $0.02 as a key level.

A House Ways and Means Committee hearing scheduled for June 9 will take up seven draft crypto tax bills covering stablecoin transactions, crypto lending, and charity-related wash sales. The package also includes proposals on mining and staking taxation and a voluntary disclosure program for taxpayers with past crypto-reporting problems. With the congressional calendar crowded ahead of the November midterms, it remains uncertain how quickly any relief could be enacted.

Bitcoin slid to a new yearly low of $59.1K on Friday, after breaking the $60K support on June 5, while some analysts eyed a possible next floor near the $53K realized-price level. The drop sparked fresh arguments over who is driving the selling, with claims ranging from Michael Saylor's reported 32 BTC sale last week to longer-term distribution by "OG whales" and broader macro pressure tied to a U.S. jobs report.

Ethena said on Friday it is evaluating AAA-rated CLOs as a new real-world asset reserve for its yield-bearing stablecoin USDe, aiming to reduce reliance on crypto market cycles. The protocol plans to allocate $310 million to the Janus Henderson Anemoy AAA CLO Fund, arguing this could support more stable returns driven by rates and credit conditions rather than crypto sentiment.

Cardano (ADA) has fallen 30% so far in June, with an additional 10% drop after Charles Hoskinson said he will take a summer break from X and pushed back on expectations that he should lift ADA back to all-time highs. ADA then slid another 10% to a six-year low of $0.162. Key levels cited include $0.157 as support, with $0.10 and $0.029 highlighted as potential downside floors if broader market weakness continues into late June and Q3.

Strategy founder Michael Saylor said Thursday that Bitcoin's recent softness reflects capital rotating into AI, not a fundamental problem with BTC. He pointed to about ~$400B flowing into AI buildouts over 6 months and roughly ~$4B in spot Bitcoin ETF outflows since May 14 as key pressures. Analysts also flagged upcoming AI IPOs as a potential driver of continued weakness, with some chart watchers eyeing support near $61K and a possible move toward $53.8K.

Bitmine (Nasdaq: BMNR) said on June 3 it plans to offer 3,000,000 Series A preferred shares priced at $100 each, carrying a 9.50% annual dividend, for up to $300 million in gross proceeds. The company said the net proceeds may go toward general corporate purposes including acquiring additional ETH and other digital assets, expanding staking/validator infrastructure via MAVAN, and potentially funding a share repurchase program.

The U.S. Treasury's OFAC expanded crypto-related sanctions to include Iran's Nobitex and said it will also target Wallex, Bitpin, and Ramzinex. According to the U.S. Treasury, Nobitex handled 50% of Iranian crypto inflows in 2025, with some funds reportedly linked to the Iranian military and the IRGC. The move follows a report that the U.S. seized $1 billion in crypto allegedly tied to the Iranian government, while Iran's embassy in Japan rejected the U.S. framing and said the measures aim to collapse Iran's economy.

Ethena founder Guy Young said USDe will go live on Coinbase next week, marking the first time Ethena products become accessible to Coinbase's 100m+ users. Coinbase also said it bought ENA on the open market as part of the arrangement, after which ENA rose nearly 28% from $0.08 to $0.10.