{"id":2122,"date":"2025-06-03T06:37:45","date_gmt":"2025-06-03T06:37:45","guid":{"rendered":"https:\/\/pi42.com\/blog\/?p=2122"},"modified":"2025-06-04T11:06:04","modified_gmt":"2025-06-04T11:06:04","slug":"crypto-market-weekly-newsletter","status":"publish","type":"post","link":"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/","title":{"rendered":"Crypto Hacks Decline, Recovery Efforts Shine"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d52f7a0b55e\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d52f7a0b55e\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#your-weekly-crypto-roundup-%e2%80%93-june-3-2025\" >Your Weekly Crypto Roundup \u2013 June 3, 2025<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#weekly-highlights\" >Weekly Highlights<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#hyperliquid-whale-loses-100m-in-days\" >Hyperliquid Whale Loses $100M in Days<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#trump-media-bets-big-on-bitcoin\" >Trump Media Bets Big on Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#sec-drops-binance-lawsuit\" >SEC Drops Binance Lawsuit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#hacks-down-recovery-efforts-up\" >Hacks Down, Recovery Efforts Up<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#market-insight-pi-cycle-top-indicator-still-calm\" >Market Insight: Pi Cycle Top Indicator Still Calm<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#events-to-watch\" >Events to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#thorchain-mainnet-35-upgrade\" >THORChain Mainnet 3.5 Upgrade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/#final-thoughts\" >Final Thoughts<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"your-weekly-crypto-roundup-%e2%80%93-june-3-2025\"><\/span><em>Your Weekly Crypto Roundup \u2013 June 3, 2025<\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As the crypto world enters June, we\u2019re seeing signs of recovery, resilience, and regulatory clarity. From historic legal decisions to massive corporate bets on Bitcoin, here are the biggest stories you need to know from last week.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"weekly-highlights\"><\/span><strong>Weekly Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"hyperliquid-whale-loses-100m-in-days\"><\/span>Hyperliquid Whale Loses $100M in Days<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>James Wynn, a prominent trader on Hyperliquid, suffered a staggering <strong>$100 million loss<\/strong> in just days. The loss was due to an overleveraged <strong>40x long position on Bitcoin<\/strong>, which was completely liquidated after BTC dipped below $105K. A stark reminder of why <strong>risk management is non-negotiable<\/strong> in crypto trading.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"trump-media-bets-big-on-bitcoin\"><\/span>Trump Media Bets Big on Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In a surprising move, <strong>Trump Media &amp; Technology Group<\/strong> announced a <strong>$2.3 billion investment<\/strong> in Bitcoin. The capital, raised via common share sales and convertible debt, will go towards establishing a <strong>Bitcoin treasury reserve<\/strong>, signaling the company\u2019s intent to become a major player in the crypto economy.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sec-drops-binance-lawsuit\"><\/span>SEC Drops Binance Lawsuit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A big win for the crypto industry \u2014 on <strong>May 31<\/strong>, the <strong>U.S. SEC officially dropped its 2023 lawsuit<\/strong> against Binance and founder Changpeng Zhao. This decision marks a turning point in regulatory sentiment and significantly <strong>reduces uncertainty<\/strong> surrounding the world\u2019s largest crypto exchange.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"hacks-down-recovery-efforts-up\"><\/span>Hacks Down, Recovery Efforts Up<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>May recorded <strong>20 major crypto hacks totaling $244.1M<\/strong>, down <strong>39.29% from April<\/strong>. More importantly, <strong>Sui and Cetus Protocol successfully recovered $157M<\/strong> (71% of the $220M stolen), showcasing enhanced recovery capabilities. Still, the <strong>$2.2M MBU token exploit<\/strong> reminds us that vigilance remains essential.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"market-insight-pi-cycle-top-indicator-still-calm\"><\/span><strong>Market Insight: Pi Cycle Top Indicator Still Calm<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p>One of Bitcoin\u2019s most-watched on-chain indicators \u2014 the <strong>Pi Cycle Top Indicator<\/strong> \u2014 has yet to flash a signal. Historically, this tool has <strong>accurately predicted cycle tops<\/strong> in 2017 and 2021 through the crossover of the 111DMA and 2x the 350DMA. Since the crossover hasn\u2019t occurred yet, <strong>there may still be room for upside<\/strong>.<\/p>\n\n\n\n<p>But don&#8217;t mistake confidence for certainty. Short-term corrections are normal, especially as volatility picks up near tops. Traders are advised to <strong>stay cautious, manage leverage wisely<\/strong>, and consider the bigger picture.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"372\" data-attachment-id=\"2123\" data-permalink=\"https:\/\/pi42.com\/blog\/crypto-market-weekly-newsletter\/whatsapp-image-2025-06-02-at-18-21-24\/\" data-orig-file=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.21.24.jpeg\" data-orig-size=\"940,372\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"WhatsApp Image 2025-06-02 at 18.21.24\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.21.24-300x119.jpeg\" data-large-file=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.21.24.jpeg\" src=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.21.24.jpeg\" alt=\"\" class=\"wp-image-2123\" srcset=\"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.21.24.jpeg 940w, https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.21.24-300x119.jpeg 300w, https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.21.24-768x304.jpeg 768w\" sizes=\"auto, (max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"events-to-watch\"><\/span><strong>Events to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\">\ud83e\uddfe June 11 \u2013 U.S. CPI Data Release<\/h4>\n\n\n\n<p>The <strong>Consumer Price Index (CPI)<\/strong> for May will give clues about inflation. Barclays projects:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CPI MoM: <strong>+0.3%<\/strong><\/li>\n\n\n\n<li>CPI YoY: <strong>+2.3%<\/strong><\/li>\n\n\n\n<li>Core CPI MoM: <strong>+0.2%<\/strong><\/li>\n\n\n\n<li>Core CPI YoY: <strong>+2.8%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>A lower-than-expected reading could spark optimism and drive crypto markets higher, while a hotter print may revive <strong>bearish sentiment<\/strong>.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"thorchain-mainnet-35-upgrade\"><\/span>THORChain Mainnet 3.5 Upgrade<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>THORChain\u2019s next major upgrade promises improved <strong>cross-chain swap efficiency<\/strong>. If successful, the upgrade could drive broader adoption of RUNE and spark renewed interest in <strong>decentralized liquidity protocols<\/strong>. Monitor the development updates on X to determine the launch timing.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"final-thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>From tightening security postures to mainstream players entering the arena, the crypto market is evolving fast. However, regardless of your level of experience, risk managem<strong>ent and context are more crucial than ever.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Your Weekly Crypto Roundup \u2013 June 3, 2025 As the crypto world enters June, we\u2019re seeing signs of recovery, resilience, and regulatory clarity. From historic legal decisions to massive corporate bets on Bitcoin, here are the biggest stories you need to know from last week. Weekly Highlights Hyperliquid Whale Loses $100M in Days James Wynn, [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":2124,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"zakra_page_container_layout":"customizer","zakra_page_sidebar_layout":"customizer","zakra_remove_content_margin":false,"zakra_sidebar":"customizer","zakra_transparent_header":"customizer","zakra_logo":0,"zakra_main_header_style":"default","zakra_menu_item_color":"","zakra_menu_item_hover_color":"","zakra_menu_item_active_color":"","zakra_menu_active_style":"","zakra_page_header":true,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[246],"tags":[6,12,244,10],"class_list":["post-2122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter-2","tag-crypto-futures","tag-indian-crypto-exchange","tag-newsletter","tag-pi42"],"jetpack_featured_media_url":"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/06\/WhatsApp-Image-2025-06-02-at-18.20.58.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/2122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/comments?post=2122"}],"version-history":[{"count":1,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/2122\/revisions"}],"predecessor-version":[{"id":2125,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/2122\/revisions\/2125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media\/2124"}],"wp:attachment":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media?parent=2122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/categories?post=2122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/tags?post=2122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}