Ethereum

Humanity Protocol said wallets linked to the project were drained for more than $32 million on June 9, sending its H token down nearly 90% over the following 24 hours. Founder Terence Kwok attributed the incident to a compromised private key, while investigator ZachXBT publicly questioned the explanation and suggested it may have been "possibly staged."

Ethereum traded back in the $1,670–$1,712 area early this week after sliding to $1,522 last week, but it remains down 15.3% over seven days and 28.1% over 30 days. BitMine (NYSE: BMNR) said it bought 126,971 ETH last week, lifting holdings to 5,543,872 ETH (about 4.59% of supply), while analysts warn a weekly close below $1,500 could open a move toward the $1,000 support zone.

Humanity Protocol reported a widening security incident on June 9 that grew from early estimates above $5 million to losses exceeding $32 million. Investigators said stolen assets were largely swapped into ETH and also involved an unauthorized mint of 100 million H tokens, while founder Terence Kwok confirmed a private-key compromise and told users to avoid the bridge and liquidity pools. The H token fell as much as 81% and was quoted at $0.1411 amid the fallout.

On June 9, Bitcoin hovered above $63K as the Fear & Greed Index stayed in "extreme fear," while Sam Bankman-Fried resurfaced in headlines after a formal request for a Trump pardon. Humanity Protocol reported a private-key compromise that drained over $32M from 17 foundation wallets and pushed H from $0.70 to under $0.10. Markets also tracked mixed moves across majors, with BTC at $62,961.60 and ETH at $1,677.59.

Circle launched cirBTC on June 8, 2026, introducing a 1:1 BTC-backed ERC-20 token on Ethereum mainnet designed for institutional users and DeFi collateral use cases. The company is positioning the product against BitGo's WBTC, described at roughly $9 billion in market value and about 85% share, highlighting real-time on-chain reserve verification via Chainlink Proof of Reserve.

Humanity Protocol (H) slid more than 80% after attackers used compromised foundation-linked private keys, with losses estimated at roughly $32 million. The selling pressure intensified as the attacker swapped H into ETH and BNB, while the project urged users to avoid the bridge and liquidity pools during the investigation.

Bitmine Immersion Technologies said Monday it purchased more than 126,971 ETH, valued at about $214 million, during last week's market dip. The company said its crypto and cash holdings now total $9.6 billion, including 5,543,872 ETH priced at $1,630 each and 204 BTC, while Tom Lee described the recent selloff as driven by short-term panic rather than fundamentals.

Bitmine increased its Ethereum position by 126,971 ETH over the past week, taking total holdings to 5.54 million ETH and reporting $9.6 billion in crypto and cash, including $247 million in cash. In early June, ETH exchange reserves across Binance, OKX, Gemini and Bitfinex fell by about 475,000 ETH. ETH was trading near $1,682 at press time, with indicators suggesting sellers still had the upper hand despite oversold signals.

Arthur Hayes argues that rising oil prices could push Donald Trump to campaign against AI companies to appease voters worried about inflation, a shift he says could hit stocks, banks, and Bitcoin simultaneously. He also says AI has absorbed much of new dollar liquidity since late 2022 through debt-funded buildouts, leaving less capital for BTC while mega AI IPO supply and higher energy costs raise downside risks.

Ethereum remains in a downtrend after losing over 15% last week and briefly dipping to $1,505, with price now hovering around $1,684. BitMine Immersion Technologies bought 126,971 ETH last week, lifting its holdings to 5.54 million ETH and a stated ~4.59% of circulating supply. Technically, ETH is below its 50-day, 100-day and 200-day EMAs, with resistance levels outlined at $1,747, $2,000, $2,058, $2,189 and $2,441.