Bitcoin Implosion Has Exposed Crypto As ‘Failed Asset Class,’ Veteran Analyst Says

Macro analyst Alex Krüger declared crypto a “failed asset class” on Tuesday but carved out four exceptions he still considers worth owning as Bitcoin (CRYPTO: BTC) slides toward $65,000.

Most Crypto Is Worthless But Four Categories Are Different

Krüger’s case against crypto covers the full picture.

Most assets have poor value accrual, founders dumped on retail without consequences, the meme coin cycle wiped out capital and trust, and DeFi hacks have accelerated sharply since last April.

His view is that “crypto” as most people know it has failed.

Despite that, Krüger draws a clear line between failed crypto and blockchain applications that are actually working. 

His four…

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Kalshi Goes Live With America’s First Regulated Bitcoin Perpetual Futures

Kalshi announced on X today that bitcoin perpetual futures are now live for trading on its platform — one of the first times American investors can access regulated perps on domestic soil, the company claimed. 

The Commodity Futures Trading Commission approved Kalshi’s BTCPERP contract on May 29, 2026, issuing an Order for Approval to KalshiEX, LLC under Commission Regulation 40.3. The contract references the spot price of bitcoin and carries no expiration date, making it a structural departure from every futures product the U.S. had previously authorized.

Kalshi CEO Tarek Mansour told CNBC’s Squawk on the Street that perpetuals are “the purest form of trading,”…

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Tether-Backed Adecoagro To Launch Sugarcane-Powered Bitcoin Mining In Brazil

Adecoagro (NYSE: AGRO), the South American agribusiness company with Tether as its majority shareholder, is set to begin Bitcoin mining operations in Brazil using electricity generated from sugarcane waste, with a target launch date of July 1, 2026, according to various local reports. 

The project will be based in Ivinhema, in the state of Mato Grosso do Sul, and will start with 10 megawatts of capacity and approximately 1,280 Bitcoin mining machines. 

Matheus Lechuga, the project manager at Adecoagro, confirmed the initiative during the “Roots of the Future – Technology and Innovation to Build Tomorrow” forum held on June 1, 2026.

The energy source is bagasse — the…

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Bitcoin Faces ‘Date With Destiny’ In June: Technical Analyst Shares The Do-Or-Die Level To Watch

Bitcoin (CRYPTO: BTC) could face another major test in June, as analysts warn the asset is losing momentum and weakening against stocks and gold.

“Date With Destiny“

In a June 2 podcast, crypto analyst Benjamin Cowen said Bitcoin’s next “date with destiny” may arrive in mid-June, with price potentially testing the 200-week moving average.

He compared current Bitcoin price action to prior mid-cycle weakness in 2018 and 2022, when BTC found local lows around June before staging relief rallies into July.

Overall, the 2026 structure looks similar to 2018, when BTC set a February low, rallied into May, formed a lower high and swept the February low in June.

Cowen said Bitcoin’s February…

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Lava Launches Visa Credit Card With Bitcoin Rewards

Lava has launched its Lava Card, a secured Visa credit card that pays Bitcoin rewards on every transaction and accepts stablecoins as a funding source — a product the company says is built to bring stablecoin payments into the mainstream without asking users or merchants to change how they spend.

The card pays 3% back in Bitcoin for US-based users and 1% for international users on all purchases and 5% back through Lava’s growing network of Bitcoin-aligned merchants. To mark the launch, cardholders earn the elevated 5% rate on Amazon, Apple, and Netflix purchases, Lava told Bitcoin Magazine. 

There is no annual fee, no foreign transaction fee, and no markup on Visa’s official…

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Cardano Loses Its Biggest Analytics Platform As ADA Drops To $0.20: What Is Going On?

TapTools, Cardano’s (CRYPTO: ADA) primary analytics and infrastructure platform, announced Tuesday it will wind down operations over the next two weeks.

Leadership Exits And Rising Costs Made Operations Unsustainable

TapTools lost two co-founders earlier this year, including its Chief Technology Officer and Chief Operating Officer, followed by the exit of a backend developer who had stepped into the CTO role. 

The departures left the platform unable to justify the ongoing cost of running large-scale infrastructure, development, and support operations.

“The question is not whether we want to continue,” the team wrote. “The question is whether we can responsibly commit to the future…

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Charles Schwab Launches 24/7 Bitcoin Futures Trading On Thinkorswim

Charles Schwab has taken its most direct step yet into around-the-clock cryptocurrency access, announcing that select cryptocurrency futures — including Bitcoin — are now available to trade nearly 24 hours a day, seven days a week, across all thinkorswim platforms.

The move marks a milestone for the Westlake, Texas-based brokerage, which holds $12.61 trillion in total client assets and processed 10.3 million daily average trades in April 2026, the brokerage said. 

Bitcoin futures, trading with a $5 multiplier, represent the flagship product in the new round-the-clock offering — one that Schwab calls its first 24/7 product in the firm’s history.

The timing carries weight….

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Forget Bitcoin, ETH, XRP: Veteran Crypto Investor Says Robotics Is The Biggest Opportunity Now

Crypto investor Andrew Kang, CEO of Robo Strategy, says humanoid robotics is the biggest investment opportunity since Bitcoin (CRYPTO: BTC), with a path to tens of trillions in market cap.

One Robot At $50K Does The Work Of Three Humans At $2 Per Hour

Kang built his case on unit economics. A single humanoid robot costs $50,000 upfront, works multiple shifts without breaks, and breaks down to roughly $2 per hour when spread across its lifespan. 

The average American worker costs $35 to $40 per hour all-in. That cost gap holds even against low-income countries like India and the Philippines.

Scaling the math shows the full opportunity. Selling 100,000 robots at $50,000 each generates $5…

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SEC Highlights Crypto In Its Strategic Plan For Fiscal Years 2026–2030

The U.S. Securities and Exchange Commission on June 2, 2026, published its Draft Strategic Plan for Fiscal Years 2026 through 2030, placing digital assets at the center of a broad regulatory reset under Chairman Paul S. Atkins.

The plan, which is open for public comment through July 2, 2026, charts a course that the agency says will return the SEC to its core three-part mission: protecting investors, maintaining fair and efficient markets, and facilitating capital formation.

Chairman Atkins described the release as “a new day at the SEC,” one aimed at unwinding what his administration views as regulatory overreach from prior years. 

The plan is organized around three goals:…

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Mastercard Expands Stablecoin Settlement Support To Include Ripple’s RLUSD, Circle’s USDC – Mastercard (N

Global Payments Network Expansion

Mastercard said the new capabilities will allow partners to settle card transactions using both fiat currencies and on chain stablecoins across Mastercard’s global payments network.

Initially, stablecoin settlement infrastructure will support USDC, PYUSD, USDG, USDP, RLUSD and SoFiUSD.

The rollout initially targets the U.S. and Latin America, with broader expansion planned through 2026.

Besides stablecoin settlement, the company’s new enhancements also include intraday, weekend and holiday settlement.

Why It Matters

Raj Dhamodharan, Mastercard’s executive vice president for Blockchain & Digital Assets, said the next phase of stablecoin adoption centers on…

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