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.

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, 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.

U.S. spot bitcoin ETFs posted $326 million in net outflows on June 5, while U.S. spot ether ETFs recorded $5.97 million in net outflows. The reversal came one day after both ETF categories briefly ended extended redemption streaks, as bitcoin traded down to around $59,000 and ether slid toward $1,500.

Zcash’s ZEC slid nearly 50% from its $624 high on June 4 before rebounding about 18% over the past 24 hours, after a disclosed Orchard shielded pool flaw prompted an emergency patch. Meanwhile, Near Protocol’s NEAR fell back to around $1.91 and Worldcoin’s WLD to roughly $0.41, giving up recent gains as traders refocus on support levels.

Forward Industries, described as the largest corporate holder of SOL, sent 455,784 SOL valued at about $31.87 million to Coinbase Prime after roughly a month without major transfers. The company is reported to hold 6.83 million SOL acquired for about $1.59 billion at an average $232.08, leaving an unrealized loss near $1.13 billion at current prices. The move revived market concerns about potential selling, though prior transfers have also returned onchain.

Arthur Hayes said he liquidated his entire ZEC position after a Zcash Orchard pool counterfeiting flaw was disclosed on June 29, calling his prior “Holy Trinity” thesis effectively broken. ZEC fell more than 47% over the past day, after having traded above $600 earlier in 2026 and later dropping as low as $264.80. Hayes also sold HYPE and NEAR and said he rotated into Worldcoin.

Zcash developers shipped a fix on June 2 for a critical Orchard shielded-pool vulnerability that researcher Taylor Hornby privately disclosed on May 29. The issue could allow undetectable, unlimited counterfeit ZEC in local testing, and ZEC fell more than 40% over the past 24 hours as the disclosure spread. Developers also outlined proposed supply-verification upgrades, while noting they are not "overly concerned" the bug was exploited.

Hyperliquid is becoming a preferred venue for Wall Street traders to trade perpetual futures outside traditional exchange hours, as 24/7 onchain markets absorb activity from legacy venues. The report highlighted a Saturday crude-oil trade that ended with a 243% gain and noted claims that Hyperliquid controls more than 70% of decentralized perps, alongside daily volume often above $1 billion.