Crypto
FBI finds $8.3 million embezzled by ‘pure evil’ Kansas banker in a cryptocurrency account in the Cayman Islands
Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money.
“I just can’t describe the weight lifted off of us,” said Bart Camilli, 70, who with his wife Cleo had just learned they’d recover close to $450,000 — money Bart began saving at 18 when he bought his first individual retirement account. “It’s life-changing.”
In August, former Kansas bank CEO Shan Hanes was sentenced to 24 years after stealing $47 million from customer accounts and wiring the money to cryptocurrency accounts run by scammers. Prosecutors said Hanes also stole $40,000 from his church, $10,000 from an investment club and $60,000 from his daughter’s college fund and lost $1.1 million of his own in the scheme. Deposits were “jettisoned into the ether,” said prosecutor Aaron Smith.
Hanes’ Heartland Tri-State Bank, drained of cash, was shut down by federal regulators and sold to another financial institution. Customers’ savings and checking accounts amounting to $47.1 million were insured by the Federal Deposit Insurance Corp., which paid off their losses.
But there were still 30 shareholders of the community-owned rural bank Hanes helped found — including his close family friends and neighbors — who thought they lost $8.3 million in investments: well-planned retirements were upended, funds for long-term eldercare gone, education funds and bequests for children and grandchildren zeroed out.
On Monday the shareholders stood to cheer federal Judge John W. Broomes in Wichita after he told them, one at a time, that they’d be paid back in full. The FBI recovered the funds from a cryptocurrency account held by Tether Ltd. in the Cayman Islands.
During an earlier sentencing hearing, these victims had called Hanes a “deceitful cheat and a liar,” and “pure evil.”
Margaret Grice came to court Monday figuring she’d get $1,000 back. Instead, she learned she’d be recovering almost $250,000, her entire 401(k).
“I’m just really thrilled,” she said. “I can breathe.”
Prosecutors said Hanes, who was the CEO of Heartland Tri-State Bank in Elkhart, Kansas, lost the money in a scam referred to as “pig butchering,” or the way pigs are fattened before slaughter. In the scam, a third party gains a victims’ trust and, over time, convinces them to invest all of their money into cryptocurrency, which immediately disappears. U.S. and U.N. officials say these schemes are proliferating, with scammers largely in Southeast Asia increasingly taking advantage of Americans.
Hanes started buying what he thought was $5,000 in cryptocurrency in late 2022, communicating with someone who had reached out on WhatsApp, according to court records. A few months later he transferred over his church and investment club funds. Records show the scam accelerated in the summer of 2023, when Hanes wired $47.1 million out of customer accounts in 11 wire transfers over just eight weeks. Each transfer, he thought, was necessary to end the investment and cash out, court records said. He watched, on a fake website, as the money appeared to grow to more than $200 million.
“He was to take some of the money, and the rest of the money was supposed to go back to the bank,” his attorney John Stang explained. “Now it’s fiction, it didn’t exist. We all know that now … It failed big time.”
Hanes, who was not in court Monday, apologized at an earlier sentencing hearing.
“From the deepest depth of my soul, I had no intention of ever causing the harm that I did,” he said. ”I’ll forever struggle to understand how I was duped and how what I thought was just getting the money back was making it worse.”
Prosecutors said Hanes wasn’t just the victim of a scam, he crossed a line when he began taking customers’ money and violating banking regulations. He pleaded guilty to embezzlement by a bank officer in May.
His prominent standing in his hometown of 2,000 made it easier for him to get away with it, a Federal Reserve System investigation found; he had been on the school board, volunteered as a swim meet official, and served on the Kansas Bankers Association.
He also was a banking leader beyond his rural community. In recent years, he testified to Congressional committees about the importance of local banks in farming communities, and he served as a director for the American Bankers Association, which represents almost all banking assets in the U.S.
On Monday, prosecutors said the FDIC wanted to be paid back for the insurance claims it reimbursed to bank customers. But Judge Broomes said the economic circumstances of shareholders “who became insolvent because of a fraud scheme” justified paying them back first, before the FDIC recovers anything.
Hanes, 53, may be in his late 70s when he is released and is unlikely to be able to pay the FDIC the $47.1 million still owed.
In a court filing, Hanes and his attorney tried to explain what had happened.
“Mr. Hanes made some very bad choices after being caught up in an extremely well-run cryptocurrency scam,” they said. “He was the pig that was butchered.”
Join business’s brightest minds and boldest leaders at the Fortune Global Forum, convening November 11 and 12 in New York City. Thought-provoking sessions and off-the-record discussions feature Fortune 500 CEOs, former Cabinet members and global Ambassadors, and 7x world champion Tom Brady–among many others.
See the full agenda here, or request your invitation.
Key Takeaways
- AI models forecast bitcoin in 30-day, 90-day and year-end ranges.
- Bitcoin’s 40% annual drop kept AI forecasts cautious and mostly bearish.
- BTC’s next move hinges on $61,000 support, exchange-traded fund (ETF), and corporate flows alongside macro easing.
Bitcoin prices for this AI test editorial were logged on June 23, 2026, before BTC plunged below $60,000 on Wednesday, June 24.
AI Models Face a Stripped-Down Bitcoin Forecast Test as Bearish Pressure Builds
Since the start of June, bitcoin has remained locked below the $70,000 zone after touching a 2026 low of $59,100. With that backdrop, analysts and prediction markets have been split on BTC’s next move, while bearish odds continue to darken the forecast, so we consulted a broad roster of today’s top AI models to see where they place BTC in 30 days, three months from now, and by year’s end.
In our past AI model experiments, we gave the chatbots a large body of information to ground their forecasts. This time, we stripped the prompt down so each chatbot could deliver an unbiased, clear prediction on where the leading crypto asset may trade across three distinct timeframes.
A total of 14 AI chatbots were consulted, including several models from the same developer. The lineup tested in this experiment included Claude Sonnet 4.6 Low Intelligence, Microsoft Copilot Think Deeper, Venice AI, ChatGPT 5.5 High Intelligence, Grok Expert, Claude Opus 4.8 High Intelligence, Deepseek Deepthink, Pi AI, Qwen 3.7 Plus, Kimi K2.6, Meta AI, Mistral AI Lechat Fast, ChatGPT 5.5 Medium, and Gemini 3.1 Pro.
Every AI model received the exact same prompt. The prompt given was:
“You are a neutral bitcoin market analyst. Do not use search, web browsing, live data, external sources or current news. Use only the market context provided below and make an unbiased, probability-based forecast.
Current context: Bitcoin is down 40% over the last year and traded between $62,171 and $65,994 this past week.
Provide only three predictions: a 30-day price prediction, a 90-day price prediction and a year-end price prediction. Your answer must be no more than 3-4 sentences total, include clear price targets or ranges for each timeframe and briefly state the main bullish and bearish factors that could affect the forecast.”
Claude Sonnet 4.6 Low Intelligence answer:
Microsoft Copilot Think Deeper answer:
Venice AI answer:
ChatGPT 5.5 High Intelligence answer:
Grok Expert answer:
Based on bitcoin’s 40% decline over the past year and its recent consolidation between $62,171 and $65,994, the 30-day forecast points to a probable trading range of $61,000-$67,000 with a base case near current levels. Extending to 90 days, increased volatility could push the range to $58,000-$70,000 as the longer-term downtrend exerts influence. By year-end, the expected range is $50,000-$75,000, where the primary bullish factor is the potential for stabilization following the recent tight range and the main bearish factor remains the persistent yearly downward momentum.
Claude Opus 4.8 High Intelligence answer:
Deepseek Deepthink answer:
30-day: $60,000–$66,000; 90-day: $58,000–$70,000; year-end: $55,000–$75,000. Bullish factors include potential support near the weekly low and mean-reversion buying after a steep yearly decline, while bearish factors center on the persistent 40% yearly downtrend and resistance at the weekly high capping upside. Probabilities lean moderately bearish over the longer horizon given the existing trend, but near-term range-bound action is the most likely outcome.
Pi AI answer:
Qwen 3.7 Plus answer:
Given the 40% annual decline, the 30-day prediction is a consolidation between $60,000 and $68,000, the 90-day forecast ranges from $58,000 to $72,000, and the year-end target is $65,000 to $80,000. Bullish factors include oversold conditions and potential accumulation following the significant drawdown, which could drive a mean reversion. Conversely, bearish factors involve lingering downtrend momentum and immediate overhead resistance near the $66,000 weekly high.
Kimi K2.6 answer:
Meta AI answer:
Mistral AI Lechat Fast answer:
30-day: $63,000–$66,000 (range-bound, with resistance at $66K and support at $62K). 90-day: $60,000–$70,000 (potential rebound if macro sentiment improves, or further decline if selling pressure persists). Year-end: $55,000–$75,000 ( bullish: institutional adoption; bearish: prolonged macro downturn or regulatory headwinds).
ChatGPT 5.5 Medium answer:
30-day prediction: bitcoin likely trades between $63,000 and $68,500, with modest upside if buyers defend the weekly range and downside risk if momentum weakens below $62,171.
90-day prediction: bitcoin likely trades between $58,000 and $72,000, with a base case near $66,000 as mean reversion battles the broader 40% yearly decline.
Year-end prediction: bitcoin likely finishes between $55,000 and $78,000, with bullish pressure from range recovery and accumulation potential, while bearish pressure comes from the sustained annual drawdown and failure to reclaim higher levels decisively.
Gemini 3.1 Pro answer:
Given the 40% annual decline and recent tight consolidation, the 30-day prediction places bitcoin between $60,000 and $68,000 as the market tests near-term support. The 90-day forecast projects a broader $55,000 to $75,000 range, depending entirely on whether buyers can defend the current $62,171 low. A probability-based year-end prediction targets a recovery toward $70,000 to $85,000, assuming the prolonged sell-off has finally exhausted major supply. A potential mean-reversion bounce from these depressed levels acts as the primary bullish catalyst, whereas a decisive break below the weekly low presents the main bearish risk of further capitulation.
Wide AI Forecasts Reveal a Market Still Searching for Conviction
What stands out across these responses is the sheer width of the price bands. Most models offered year-end ranges stretching $40,000 or more, a spread that signals uncertainty rather than precision. That ambiguity closely mirrors the current divide among analysts and prediction markets, though the broader tilt remains mostly bearish.
The consistency across models is also difficult to ignore. Although the responses came from different developers, they followed similar structures, used similar framing, and leaned on familiar talking points, from halving-driven supply dynamics to ETF inflows and macro easing. That convergence suggests these systems are drawing from overlapping pools of training data and often produce consensus-style outputs when handed identical prompts.
Ultimately, the experiment says as much about AI forecasting as it does about bitcoin. The models clustered around cautious ranges, not bold calls, reflecting a market defined by damaged momentum, fragile support and limited conviction. Their shared assumptions point to a consensus machine that can map uncertainty clearly, but not resolve it. For readers, the takeaway is simple: prediction bands are wide because bitcoin’s next move remains unsettled for now.
Enlivex (Nasdaq: ENLV) announced that its primary treasury asset, the RAIN token, is expected to list on the Gate cryptocurrency exchange on June 24, 2026 at 10:00 AM UTC. Gate is described as serving over 54 million users and ranking second globally in 24-hour spot trading volume.
Enlivex focuses its digital treasury strategy on acquiring RAIN. As of June 21, 2026, it reportedly held 79,568,550,005 RAIN valued at approximately $1.14 billion, implying a treasury NAV per share of $4.67. The listing is expected to broaden access and secondary liquidity for RAIN.
Loading…
Loading translation…
AI-generated analysis. Not financial advice.
Positive
- RAIN listing on Gate effective June 24, 2026 at 10:00 AM UTC
- Gate serves over 54 million users and ranks second in 24-hour spot volume
- Enlivex holds 79,568,550,005 RAIN tokens valued at about $1.14 billion
- Treasury NAV per Enlivex share reported at $4.67 based on RAIN holdings
- Listing expected to expand RAIN token accessibility and secondary liquidity
Gate user base
over 54 million users
Gate exchange global customer reach
Supported cryptocurrencies
over 4,600 cryptocurrencies
Assets listed for trading on Gate
Gate listing time
June 24, 2026 at 10:00 AM UTC
Effective time for RAIN listing on Gate
RAIN token holdings
79,568,550,005 RAIN tokens
Enlivex treasury position as of June 21, 2026
RAIN holdings value
$1.14 billion
Total value of RAIN held as of June 21, 2026
Treasury NAV per Share
$4.67
NAV per share based on RAIN treasury holdings
Gate spot volume rank
second-largest 24-hour spot trading volume globally
Gate exchange market position
Exchange ranking
top three by trading volume and liquidity
Gate position among digital asset exchanges
ENLV traded down while key biotech peers like ICU and TENX showed gains, and momentum scanner peers ALLR and ICU were moving up, indicating a stock-specific move rather than a sector-wide shift.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 30 |
RAIN listing HTX |
Positive |
+2.3% |
RAIN listed on HTX, expanding global access and secondary liquidity. |
| Feb 10 |
RAIN listing Kraken |
Positive |
+0.0% |
RAIN listed on Kraken, targeting improved liquidity and price discovery. |
| Jan 26 |
RAIN listing WhiteBIT |
Positive |
+8.3% |
RAIN listed on WhiteBIT to broaden regional access and liquidity. |
| Jan 07 |
RAIN listing KuCoin |
Positive |
+0.4% |
RAIN began trading on KuCoin, a major global crypto venue. |
| Nov 20 |
Bitcoin treasury move |
Positive |
-5.2% |
Board approved up to $1M Bitcoin purchases as a treasury reserve asset. |
Crypto-treasury and RAIN listing updates have usually led to modestly positive or flat moves, with only one notably negative reaction.
+1.1%
Average Historical Move
crypto
In prior crypto-treasury and RAIN listing updates, ENLV moved an average of about 1.15%, suggesting today’s Gate listing fits an ongoing, generally modest reaction pattern to such news.
Crypto-tag history shows a steady build-out of RAIN’s exchange footprint and treasury role, with sequential listings on major venues and continued emphasis on digital assets alongside the core Allocetra™ programs.
1.18% of float
0%
15%
30%+
low
as of 2026-05-29
Days to cover: 1
Short interest appears relatively low, suggesting limited short-squeeze potential but also somewhat reduced downside cushioning from aggressive short covering.
An effective Form F-3 shelf allows a selling shareholder to resell up to 23,333,333 registered ordinary shares from a convertible note, with proceeds going to the selling holder rather than Enlivex.
This announcement expands RAIN’s access via Gate, a high-volume exchange, potentially supporting treasury value built on 79,568,550,005 tokens. Investors may watch how trading depth, regulatory headlines, and the company’s dual biotech–crypto strategy evolve from here.
mark-to-market
financial
“The updated unaudited mark-to-market treasury metrics are publicly available”
“Mark-to-market” is a method of valuing assets or investments based on their current market price, rather than their original cost or value. It helps investors see the most up-to-date worth of their holdings, much like checking the latest price of a stock before deciding to buy or sell. This approach ensures that financial statements reflect real-time value, providing a clearer picture of overall financial health.
governance and utility token
technical
“RAIN serves as the governance and utility token of a fully decentralized”
A governance and utility token is a digital token that both powers use of a platform’s services (utility) and gives holders a voice in decisions about the platform (governance). Think of it as a combined membership card and voting ballot: it can be spent or staked to access features, and it can be used to influence product changes, fees, or rules. Investors care because the token’s value depends on how widely the platform is used and how much control holders can exercise, so demand, governance outcomes and regulatory risk can all affect price.
decentralized predictions and options protocol
technical
“token of a fully decentralized predictions and options protocol built on the”
A decentralized predictions and options protocol is a software system on a distributed ledger that lets people place bets on future events and create option-like contracts without a central company controlling it. Think of it as a peer-to-peer market where users can buy, sell or insure outcomes—similar to a prediction market combined with options trading—which matters to investors because it can enable new ways to hedge risk, discover market sentiment, and access tradable claims without traditional intermediaries.
on-chain
technical
“real-world events through a transparent and automated on-chain framework.”
On-chain describes actions or data that are recorded directly on a blockchain, a public digital ledger that creates a permanent, time-stamped record of transactions. For investors, on-chain activity provides verifiable evidence of transfers, ownership changes or automated program actions (like contract-driven payments); seeing these entries is like checking a bank statement and helps assess liquidity, settlement finality, fees, and transparency when judging risk and market behavior.
AI-generated analysis. Not financial advice.
- Ranked second globally in 24-hour spot trading volume, Gate further extends market access and secondary liquidity for Enlivex’s primary digital treasury asset
Nes-Ziona, Israel, June 24, 2026 (GLOBE NEWSWIRE) — Enlivex Ltd. (Nasdaq: ENLV, “Enlivex” or the “Company”), a quality longevity company powered by a prediction markets treasury, today announced that its primary treasury asset, the RAIN token, is expected to be listed on the Gate cryptocurrency exchange, effective June 24, 2026 at 10:00 AM UTC. The listing represents a continued expansion of RAIN’s exchange infrastructure, increasing its accessibility, global reach, and token liquidity.
According to Gate, it is one of the world’s pioneering cryptocurrency exchanges, established in 2013. Gate is currently serving over 54 million users globally, consistently ranked among the top three digital asset exchanges worldwide by trading volume and liquidity, and holds the second-largest 24-hour spot trading volume globally. Gate supports spot trading, futures trading, margin trading, and wealth management products for over 4,600 cryptocurrencies.
“Gate is one of the most established and widely accessed cryptocurrency exchanges in the world,” stated Oren Hershkovitz, CEO of Enlivex. “Exchange listings on platforms of this caliber expand the secondary market infrastructure around our primary treasury asset. We view each such listing as a positive step in building the long-term accessibility and market depth of our RAIN holdings.”
Enlivex’s digital asset treasury strategy is focused on the acquisition of RAIN tokens. The Company previously announced that, as of June 21, 2026, it held 79,568,550,005 RAIN tokens with a total value of approximately
RAIN serves as the governance and utility token of a fully decentralized predictions and options protocol built on the Arbitrum network. The protocol enables users globally to create, trade, and resolve markets tied to real-world events through a transparent and automated on-chain framework.
About Enlivex
Enlivex is a quality longevity company powered by a prediction markets treasury. The Company is advancing Allocetra™, an advanced clinical-stage immunotherapy targeting inflammatory conditions associated with aging, with a primary focus on age-related osteoarthritis. In addition to its clinical programs, Enlivex operates a prediction markets treasury strategy built around the Rain protocol, the leading decentralized prediction markets infrastructure on Arbitrum.
This dual strategy combines the development of quality longevity therapeutics with exposure to the emerging prediction markets ecosystem.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “would,” “could,” “intends,” “estimates,” “suggests,” “target,” “has the potential to,” “goal,” and other words of similar meaning, including statements relating to the anticipated benefits of the Company’s digital asset treasury strategy; the assets to be held by the Company; the expected future market, price, trading activity, and liquidity of the RAIN token; the impact of expanded exchange listings and increased token liquidity on market participation and accessibility; the potential effects of digital asset liquidity on the liquidity of the Company’s ordinary shares; macroeconomic, political, and regulatory conditions surrounding digital assets; the Company’s plans for value creation and strategic positioning; market size and growth opportunities; regulatory conditions; competitive position; technological and market trends; future financial condition and performance; expected clinical trial results; market opportunities for the results of current clinical studies and preclinical experiments; and the effectiveness of, and market opportunities for, ALLOCETRA™ programs.
Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the risk of failure to realize the anticipated benefits of the Company’s digital asset treasury strategy; changes in business, market, financial, political, and regulatory conditions; risks relating to the Company’s operations and business, including the highly volatile nature of the price, trading volume, and liquidity of RAIN and other cryptocurrencies; risks associated with digital asset exchange listings, trading venues, and market infrastructure; the risk that the price and liquidity of the Company’s ordinary shares may be correlated with the price or liquidity of the digital assets it holds; risks related to increased competition in the industries in which the Company operates; risks relating to significant legal, commercial, regulatory, and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; and those risks and uncertainties identified in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements, except as required by applicable law.
Enlivex contact
Shachar Shlosberger
CFO
Enlivex Ltd.
shachar@enlivex.com
1 Valuation calculated using the closing price of the token as quoted on https://coinmarketcap.com/currencies/rain/
FAQ
What did Enlivex (NASDAQ: ENLV) announce about the RAIN token listing on Gate?
Enlivex announced that its primary treasury asset, the RAIN token, is expected to list on Gate on June 24, 2026 at 10:00 AM UTC. According to Enlivex, this listing aims to expand exchange infrastructure, accessibility, global reach, and secondary liquidity for RAIN.
Why is the Gate exchange listing important for Enlivex and its RAIN treasury strategy?
The Gate listing is described as enhancing secondary market infrastructure and liquidity for RAIN, Enlivex’s main treasury asset. According to Enlivex, listings on major exchanges support long-term accessibility and market depth for its RAIN holdings within the company’s digital asset treasury strategy.
How many RAIN tokens does Enlivex (ENLV) report holding and what is their value?
Enlivex reported holding 79,568,550,005 RAIN tokens as of June 21, 2026, valued at approximately $1.14 billion. According to Enlivex, these holdings translate into a reported treasury net asset value per share of $4.67, based on unaudited mark-to-market metrics.
How large is the Gate cryptocurrency exchange where RAIN will be listed?
Gate is described as serving over 54 million users and ranking among the top global exchanges. According to Gate, it holds the second-largest 24-hour spot trading volume worldwide and supports thousands of cryptocurrencies across spot, futures, margin, and wealth management products.
What role does the RAIN token play in Enlivex’s treasury and within its protocol?
RAIN is Enlivex’s primary digital treasury asset and focus of its acquisition strategy. According to Enlivex, RAIN also functions as the governance and utility token of a decentralized predictions and options protocol on Arbitrum, enabling on-chain markets tied to real-world events.
Key Takeaways
- Wintermute warned tighter Fed policy could slow key liquidity channels into crypto markets.
- Officials lifted the median 2026 rate outlook as inflation concerns broadened.
- Tighter monetary policy can raise funding costs and reduce risk appetite, limiting demand across all three channels.
Warsh-Led Fed Reprices Rate Expectations as Inflation Risks Move Higher
Crypto markets entered a tighter liquidity environment after the Federal Reserve held rates steady while signaling a firmer stance on inflation. Wintermute, a crypto market maker and liquidity provider, said the shift created a more challenging backdrop for digital assets reliant on sustained capital inflows.
Referring to the Fed’s policy shift and its implications for capital flows into digital assets, Wintermute wrote:
“For an asset class that needs liquidity arriving through ETFs, stablecoins and DATs, a Fed leaning toward tightening is the opposite of what gets those funnels flowing.”
Exchange-traded funds (ETFs) channel institutional capital into crypto markets, stablecoins provide dollar-linked liquidity used for trading and settlement, and digital asset treasuries commonly refer to corporate or institutional balance sheets allocating funds to crypto. Tighter monetary policy typically raises borrowing costs and reduces risk appetite, which can slow inflows across all three channels.
Federal Reserve officials, at Kevin Warsh’s first meeting as chair, removed any easing bias and shifted projections toward tighter policy. The median 2026 rate outlook rose to 3.8% from 3.4%, with nine of 18 policymakers now expecting at least one hike this year and 17 flagging upside inflation risks. Markets reacted quickly, pushing December hike odds to about 77% from roughly 24% a month earlier.
Officials also shortened the policy statement to 130 words from 341, reinforcing the sharper change in tone. Brent crude fell 8.2% during the week on expectations tied to a reopening of the Strait, yet Wintermute noted that the Fed’s inflation concern appeared broader than energy.
Iran Breakdown Forces Crypto to Absorb Weekend Repricing
Geopolitical tensions added pressure after an Iran agreement expected to be signed on June 19 unraveled before completion. Israel’s strikes in southern Lebanon led Iran to exit negotiations, delaying a planned signing ceremony in Switzerland. Qatar has since worked to keep talks alive into late June, leaving the outcome uncertain.
Attention now shifts to upcoming macro data and diplomacy. The May Personal Consumption Expenditures (PCE) report will provide updated inflation readings, while Qatar’s mediation efforts will shape near-term geopolitical risk and energy market stability.
Wintermute highlighted the near-term catalysts tied to both macro data and diplomacy:
“May PCE on Friday, and the Qatar talks are the near-term catalysts.”
Market structure amplified the impact. U.S. equities were closed for Juneteenth, delaying repricing, while crypto traded through the weekend and absorbed the shift immediately.
BTC fell 3.8% for the week, dropping from near $67,000 to around $62,000 before stabilizing in the low $60,000s. ETH declined 1.2% and fell back below the $2,000 level, while altcoins were broadly flat. The move triggered about $600 million in long liquidations versus under $90 million in shorts, extending June’s pattern of one-sided unwinds.
-
Crypto3 minutes ago14 AI Models Including Claude, ChatGPT and Grok Predict Bitcoin’s Price Outlook
-
Finance6 minutes agoG7 Recommits to Development, Investment Finance to Drive Shared Prosperity
-
Fitness6 minutes agoSocial Fitness: Why Independent Living Communities Are Vital for Healthy Aging
-
Movie Reviews21 minutes ago‘Supergirl’ review: DC Studios serves up a second less-than-super movie
-
World33 minutes ago
FACT FOCUS: Norway brought its own food to the World Cup. But not because it distrusts US products
-
Health56 minutes agoDoes Metformin Help With Weight Loss? How To Maximize Your Results
-
Lifestyle1 hour agoA judge says the Kennedy Center must update him on its plans — and address that tarp
-
Technology1 hour agoA new paper argues Microsoft exaggerated its quantum claims a year ago
