A wallet associated with Ethereum co-founder Joseph Lubin moved 80,001 ETH on June 6 after nearly 36 months of inactivity, a transfer valued at $121.6 million. The move arrived as ether traded near a local low of $1,520 earlier this week, while the address still holds 243,300 ETH worth roughly $370 million.

A market analyst outlined a month-by-month Bitcoin roadmap for 2026, arguing the downtrend could persist through mid-year before a Q4 recovery attempt. The scenario includes downside levels such as $53,000 in July and a potential cycle low near $46,000 in October, followed by projections above $85,000 in November and a possible push toward $100,000 in December.

Ethereum leads in non-empty wallet holders with about 189.49 million addresses, more than triple Bitcoin's 59.08 million. Despite that adoption, ETH fell over 30% in the past month and was trading near $1,620 at the time of writing. Spot Ethereum ETFs ended a 17-day outflow run with $19.3 million of net inflows on June 4, though the week still showed $168 million in net outflows.

STABLE fell 18.5% to $0.0307 over the past 24 hours as heavy selling pushed the token below the $0.0322 support level. Trading volume rose 18.9% to $24.09 million while Open Interest dropped 20.54% to $21.76 million, pointing to traders cutting leveraged exposure during the move. With price now under former support, the next key area in focus is near $0.0250 unless $0.0322 is reclaimed.

On June 6, Bhutan's Royal Government moved 738 BTC worth about $44.88 million, extending a months-long reduction in the country's state bitcoin reserves. The activity is associated with government-linked wallets managed via Druk Holding and Investments, as analysts connect the ongoing sales to funding needs tied to the Gelephu Mindfulness City project.

On June 6, 2026, Bitcoin capped its steepest weekly decline of 2026, falling 17.69% to a $59,128 low before settling at $60,462. The move coincided with $3.4 billion of weekly spot ETF net outflows, a roughly $40 billion drop in realized capitalization, and $1.6–$1.8 billion in derivatives liquidations between June 2 and 5.

On June 6, blockchain investigator ZachXBT criticized BitMEX co-founder Arthur Hayes for selling tokens shortly after publicly promoting them, questioning how much “exit liquidity” his followers provided. Hayes had exited NEAR, HYPE, ZEC and WLD within roughly two weeks, and replied that he sold to a willing counterparty and that the trades matched his stated goals.

On June 6, onchain investigator ZachXBT alleged that BitMEX co-founder Arthur Hayes repeatedly promoted tokens and then exited shortly afterward, most recently involving Worldcoin's WLD. He said the pattern spanned four positions—ZEC, NEAR, HYPE and WLD—over roughly 15 days, and Hayes has not publicly responded to the claims.