JrKripto - Everything about Crypto

Bitcoin Falls Below $62,000 After U.S. Jobs Data

<p class="text-left mb-4 ">May employment figures from the United States came in at nearly twice market expectations, adding further pressure on Bitcoin and the broader crypto market. According to data released by the U.S. Bureau of Labor Statistics (BLS) on Friday, the economy added 172,000 new jobs last month, while economists had expected a figure of around 85,000. The unemployment rate came in at 4.3 percent, in line with expectations.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin price edges lower</h2><p class="text-left mb-4 ">Following the report, <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>struggled to hold below the $62,000 level and changed hands around $61,900 during the day. This showed that the crypto market had still failed to recover after the sharp declines seen the previous night. The overall picture was already under pressure; once such a strong employment report was added to the equation, buyers preferred to remain cautious.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-06-05-16-35-25-55a50e10.webp" alt="BTCUSDT_2026-06-05_16-35-25.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Why does this data matter so much? Because it carries a stronger message than it may initially seem. Such resilience in the labor market confirms that the Fed is in no hurry to cut interest rates. On the contrary, the stronger-than-expected figures suggest that additional rate hikes may remain on the table this year. The bond market reached the same conclusion: after the report, the 10-year U.S. Treasury yield jumped to 4.52 percent.</p><p class="text-left mb-4 ">Crypto was not the only market affected. Nasdaq 100 futures fell 1.2 percent. Crude oil slipped only slightly, while gold lost 1.1 percent and dropped to around $4,400. In an environment where overall risk appetite was narrowing, it was not realistic to expect Bitcoin to break away from the broader market and move higher on its own.</p><p class="text-left mb-4 ">Economic indicators show that the U.S. economy continued to surprise markets this week. Both the ISM Manufacturing PMI and the ISM Services PMI came in above expectations, and both remained in expansion territory. Taken together, these figures strengthen the central bank’s position; there is still no urgent need for a rate cut.</p><p class="text-left mb-4 ">Although equity markets have followed a different path, some cracks have started to become visible. The S&P 500 has maintained its upward trend for nearly ten weeks and has gained about 10 percent since the start of the year. However, Broadcom’s weaker-than-expected artificial intelligence chip demand forecast in the semiconductor sector slightly dampened the optimism that had built up in that area.</p><p class="text-left mb-4 ">Turning back to Bitcoin, the short-term picture remains unclear. The lower end of the 24-hour price range stood at $61,394, while the upper end was $64,353. The technical outlook is weak; a weekly decline of 14.77 percent is not something that can be ignored. The 30-day loss has reached 24.19 percent, showing that the pressure seen since March is still continuing.</p><p class="text-left mb-4 ">The macro environment is not creating an easy backdrop for crypto. The continuation of high interest rates limits inflows into risk assets. Every strong employment report strengthens the possibility that the Fed will maintain its tight stance for longer; this remains a factor weighing on assets such as Bitcoin. The market is now trying to hold around $62,000 after pricing in a major break from the upward trend that had been in place since the summer of 2024.</p><p class="text-left mb-4 ">The next critical data point will be inflation. Once the consumer price index (CPI) is released, the Fed’s next move will become clearer. If employment remains strong while inflation continues to prove sticky, expectations for rate cuts could be pushed back even further; this would create another headache for crypto and other risk assets.</p><p class="text-left mb-4 ">For now, the market is in a cautious waiting mode. Bitcoin is showing neither a clear breakdown signal nor a strong recovery. The $61,000-$62,000 range remains a critical support zone for the time being.</p>

5 Jun 2026

A Three-Year-Old Hidden Vulnerability Hits ZEC: Price Falls 35 Percent

<p class="text-left mb-4 ">A critical security vulnerability was discovered in Orchard, one of Zcash’s privacy-focused transaction pools. If exploited, the flaw could theoretically have allowed an unlimited amount of fake ZEC to be created. The vulnerability was discovered on May 29 and patched on June 1. After the issue was disclosed to the public, ZEC fell by around 35 percent within 24 hours.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">AI Found the Vulnerability</h2><p class="text-left mb-4 ">Shielded Labs, an independent organization supporting Zcash, hired security engineer Taylor Hornby in April to review the protocol. Hornby used both traditional and AI-assisted methods during the audit. On May 29, he identified the Orchard circuit flaw with the help of Anthropic’s Opus 4.8 model and shared his findings with engineers at the Zcash Open Development Lab (ZODL).</p><p class="text-left mb-4 ">Orchard is an encrypted transaction pool that allows users to send and receive ZEC with full zero-knowledge privacy. The Orchard circuit, which makes this possible, is a zero-knowledge proof system designed to ensure that only valid transactions are accepted. According to Shielded Labs, Hornby used Opus 4.8 to write a complete exploit in a local test environment, producing unlimited and undetectable fake ZEC.</p><p class="text-left mb-4 ">The root of the vulnerability was an “underconstrained” element in the Orchard circuit. This element allowed incorrect inputs to be fed into an elliptic curve multiplication operation and still be treated as valid. The flaw had existed in the system since Orchard’s activation in May 2022, meaning it remained present for nearly three years.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Whether It Was Exploited Remains Unknown</h2><p class="text-left mb-4 ">The main concern is not only that the vulnerability existed, but that it cannot be definitively verified whether it was exploited in the past.</p><p class="text-left mb-4 ">Orchard’s privacy architecture hides critical data in on-chain transactions. For this reason, developers cannot scan the blockchain and conclusively rule out the creation of fake coins. Shielded Labs said it does not find the likelihood of actual exploitation “too concerning,” citing the fact that the flaw went unnoticed for years by some of the world’s leading cryptographers.</p><p class="text-left mb-4 ">“This discovery was not an accident; it was the result of a deliberate effort to identify such vulnerabilities before malicious actors could act. Hornby used the most advanced AI tools available only to white-hat security researchers, together with a carefully prepared custom AI setup. We believe he most likely won the race against attackers.”</p><p class="text-left mb-4 ">As a next step, Shielded Labs is working on a network upgrade that would allow anyone to verify the integrity of the Zcash supply. The proposed upgrade includes the launch of a new encrypted pool and strict supply tracking for all coins in Orchard.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Price and Market Reaction</h2><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/zec" target="_blank" rel="noreferrer" class="text-primary underline">ZEC </a>fell sharply on Thursday after the disclosure. According to data from The Block, the coin dropped 35 percent in 24 hours to $351.53, with most of the decline taking place in the first five hours after the news was published.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/zecusdt-2026-06-05-12-59-28-eaf22a57.webp" alt="ZECUSDT_2026-06-05_12-59-28.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">BitMEX CEO Arthur Hayes announced that he had closed his entire ZEC position. “I think any minting was extremely unlikely; however, it cannot be proven to be cryptographically impossible,” Hayes said, adding: “The privacy narrative against AI, governments, and big tech requires perfection.”</p><p class="text-left mb-4 ">Crypto researcher Hupzy described the incident as a major blow to confidence. He argued that in an environment where no one can independently verify the integrity of the supply, the market’s real concern is not the vulnerability itself, but the uncertainty surrounding it. Hupzy also said developers would likely try to rebuild that trust through possible upgrades.</p><p class="text-left mb-4 ">Shielded Labs had the final word on the issue: “This was a serious vulnerability, and we wanted to be transparent about what it means for Zcash users. No one wants to encounter a flaw like this; however, we are confident that Zcash is in a position to recover.”</p>

5 Jun 2026

Binance to Delist 4 Altcoins as Prices Fall

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>has announced that it will remove four altcoins from spot trading as part of its periodic review process. Spot trading for Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX) will end on June 19, 2026, at 06:00 Turkey time.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-06-05-112131-57240cd7.webp" alt="Ekran görüntüsü 2026-06-05 112131.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The announcement quickly echoed across the market. Following the exchange’s statement, all four tokens saw sharp declines: HIGH fell by 11.52 percent, D by 7.01 percent, COS by 9.04 percent, and MBOX by 2.02 percent.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Why is Binance delisting them?</h2><p class="text-left mb-4 ">The exchange said that, as with every listing decision, it considered certain criteria in this delisting process. The main factors evaluated include the project’s development activity, trading volume and liquidity, network security, quality of communication with the community, and responses to the exchange’s periodic due diligence requests. Ethical violations, regulatory changes, and major changes in token supply structure were also included in the assessment.</p><p class="text-left mb-4 ">Based on this review, Binance decided that the four tokens in question no longer met its standards.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Timeline: Which services will close and when?</h2><p class="text-left mb-4 ">The delisting process will not take place on a single date. Instead, it will move forward through a phased schedule. The process starts much earlier, especially for users with futures and margin positions.</p><p class="text-left mb-4 ">On the margin side, borrowing will stop on June 6 at 09:00 Turkey time. Futures positions will be automatically closed and settled on June 11 at 12:00 Turkey time; from that date onward, opening new positions will no longer be possible. On the same day, loan positions, including VIP Loan and Flexible Loan, as well as cross and isolated margin trading, will be closed.</p><p class="text-left mb-4 ">The removal from Spot Copy Trading will take place on June 12. After that date, open assets will either be sold at market price or transferred to the Spot Account. Simple Earn products will also be automatically returned to users’ Spot Accounts on June 12.</p><p class="text-left mb-4 ">Convert and Low-Value Assets conversion services will close on June 18-19. Spot trading will completely stop on June 19 at 09:00 Turkey time. Deposits will remain valid until June 20. Withdrawals will stay open until August 19, 2026; after that date, token balances may be converted into stablecoins, but this process is not guaranteed.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What should investors do?</h2><p class="text-left mb-4 ">Binance strongly urged users with positions to close their open positions before automatic settlement. There is little room to wait, especially for positions in margin and futures accounts; automatic liquidation processes carry additional risks in terms of both timing and price.</p><p class="text-left mb-4 ">For users holding spot balances, the situation is less urgent. Although the withdrawal window will remain open until August 19, users need to turn off the “Hide Small Balances” option; otherwise, the balances of the delisted tokens may not appear in their accounts.</p>

5 Jun 2026

$1.81 Billion in Bitcoin and ETH Options Expire Today

<p class="text-left mb-4 ">BTC is trading roughly $9,000 below its max pain level as a major options batch expires today following a week marked by heavy liquidations.</p><p class="text-left mb-4 ">Deribit, one of the leading exchanges in the crypto derivatives market, announced that around $1.81 billion worth of crypto options contracts will expire today at 11:00 a.m. Turkey time. Coming right after a week of sustained selling pressure and more than $1.5 billion in liquidations, this expiry represents a double layer of stress for market participants.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">BTC options: $1.56 billion</h2><p class="text-left mb-4 ">Most of the expiring contracts are tied to <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin</a>. The total notional value of BTC options stands at $1.56 billion. The put/call ratio is 0.56, clearly showing a call-heavy structure, with long-position sellers far outpacing the short side.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hj9agdixsae9gvm-5557c135.webp" alt="HJ9agDIXsAE9gVM.jpg" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Max pain, the price point where options writers make the lowest payout and the largest number of contracts expire worthless, is at $71,000. BTC spot is currently trading roughly $9,000 below that level. If the expiry closes under these conditions, a large portion of contracts will end out of the money.</p><p class="text-left mb-4 ">According to Deribit data, the highest concentration of open interest is at the $80,000 strike price, with $1.6 billion. The short side is not silent either: there is still $1.1 billion in OI at $60,000. Coinglass figures show that total BTC options OI across all exchanges has recently declined to around $31.6 billion.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">ETH options: $252 million</h2><p class="text-left mb-4 ">The Ethereum side presents a slightly different picture. Around 153,500 contracts will expire today, with a notional value of $252 million. Max pain stands at $2,000, while the put/call ratio is 0.97, almost perfectly neutral. On the ETH side, neither bulls nor bears have established a clear advantage. Total ETH options OI across all exchanges is hovering around $5.7 billion.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">After a bloody week</h2><p class="text-left mb-4 ">This expiry comes at the end of an extremely painful week for the crypto market. More than $300 billion was wiped from the market’s total value over the week. Bitcoin briefly fell below $62,000, while $1.5 billion in liquidations left both long and short position holders with heavy losses.</p><p class="text-left mb-4 ">Derivatives analytics platform Greeks Live said that bears became more aggressive after the price broke below $70,000, with a notable increase in put positions at the $68,000, $65,000 and $60,000 levels.</p><p class="text-left mb-4 ">Geopolitical tensions continue to add pressure. The military conflict between the United States and Iran has not been resolved in recent weeks, while global inflationary pressures have started to resurface. In this environment, risk appetite remains fragile, and institutional investors are keeping their hedging positions in place.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Market impact</h2><p class="text-left mb-4 ">Although the figure sounds large, analysts describe this expiry as a “relatively small event.” The $1.85 billion volume, which is far below last week’s month-end expiry package, is not expected to trigger a significant move in spot markets.</p><p class="text-left mb-4 ">Still, BTC spot trading this far below the max pain level cannot be ignored. During expiry periods, prices are often seen moving toward max pain. Whether that dynamic plays out this week will become clear within the next few hours.</p>

5 Jun 2026

Binance Futures Lists Two New Altcoins

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>Futures opened trading for two new USDT-margined perpetual contracts on June 4, 2026: ZESTUSDT and BTWUSDT. Maximum leverage for both contracts was set at 10x.</p><p class="text-left mb-4 ">The ZESTUSDT contract will go live at 17:00 TRT, while BTWUSDT will become active at 17:15. The tick size was set at 0.00001 for ZEST and 0.000001 for BTW. For both contracts, the minimum order size is 1 token, while the minimum notional value is 5 USDT. Funding fees will be calculated every four hours; the capped funding rate for both contracts remains between +2.00 percent and -2.00 percent.</p><p class="text-left mb-4 ">Binance also announced that the contracts will be added to Futures Copy Trading within 24 hours of launch. The platform stated that contract specifications such as leverage and funding rates may be adjusted depending on market risk conditions. With Multi-Assets Mode support, users can use different collateral assets, including BTC, in their trades.</p><p class="text-left mb-4 ">Binance also emphasized that futures listings and spot listings are independent from each other, meaning that a token’s inclusion in the futures market does not guarantee a spot listing.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What is Zest Protocol?</h2><p class="text-left mb-4 ">Zest Protocol is a self-custodial lending protocol that allows holders to borrow stablecoins without moving Bitcoin out of the Stacks layer. As the largest Bitcoin-native finance protocol operating on Stacks, Zest has surpassed 800 BTC in deposits, while its peak TVL has remained above $100 million.</p><p class="text-left mb-4 ">One of the key features that sets the protocol apart is its use of BitVM infrastructure. The cost of zero-knowledge proof verification dropped from more than $14,000 during the BitVM2 period to below $100 in 2025. This cost reduction is seen as one of the main factors enabling a large-scale self-custodial lending market on Bitcoin Layer 1.</p><p class="text-left mb-4 ">Since 2024, the protocol has moved the lending model it operated on Stacks directly onto the Bitcoin chain. Zest has processed more than 1,500 liquidations without any bad debt. The project is backed by Draper Associates, YZi Labs and Trust Machines; founder Tycho Onnasch was also among the early users of Aave during the DeFi Summer period.</p><p class="text-left mb-4 ">The ZEST token had previously started spot trading on KuCoin and Phemex; the Binance Futures listing expands the protocol’s exchange access.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What is Bitway?</h2><p class="text-left mb-4 ">Bitway is an independent Layer 1 blockchain and “Internet Capital Gateway” that aims to bring fragmented on-chain liquidity under one roof. The project’s core thesis is to implement the “DeTraFi” model, which combines the transparency of DeFi with the risk management standards of traditional finance.</p><p class="text-left mb-4 ">The ecosystem consists of two main products: Bitway Earn, an on-chain asset management platform focused on yield, and Bitway Lending, which offers Bitcoin-backed lending. The BTW token is positioned as the native asset supporting network security, gas payments and governance processes.</p><p class="text-left mb-4 ">In March 2026, Bitway held its Token Generation Event, moving from a points-based rewards system to a fully tokenized ecosystem. According to its roadmap, the second quarter includes plans to establish strategic partnerships with major industry players; in the third quarter, Bitway Earn and Lending are expected to be integrated into additional wallets and partner platforms.</p><p class="text-left mb-4 ">The fact that both projects focus on the BTCFi sector appears to have been a decisive factor behind Binance’s listings. Bitcoin-based financial applications have gained momentum again, especially after the 2024 halving; projects such as Zest and Bitway represent different sides of this transformation.</p>

4 Jun 2026

BTC

Bitcoin Falls Below $62,000 After U.S. Jobs Dataabout 3 hours ago

Altcoin

A Three-Year-Old Hidden Vulnerability Hits ZEC: Price Falls 35 Percentabout 6 hours ago

Altcoin

Binance to Delist 4 Altcoins as Prices Fallabout 8 hours ago

ETH, BTC

$1.81 Billion in Bitcoin and ETH Options Expire Todayabout 9 hours ago

Altcoin

Binance Futures Lists Two New Altcoins1 day ago

BTC

Bitcoin Falls Below $62,000 After U.S. Jobs Dataabout 3 hours ago

Altcoin

A Three-Year-Old Hidden Vulnerability Hits ZEC: Price Falls 35 Percentabout 6 hours ago

Altcoin

Binance to Delist 4 Altcoins as Prices Fallabout 8 hours ago

ETH, BTC

$1.81 Billion in Bitcoin and ETH Options Expire Todayabout 9 hours ago

Altcoin

Binance Futures Lists Two New Altcoins1 day ago

Coin Leaderboards

Trend Coins

Biggest Gainers

Biggest Losers

Do you have any questions?Feel free to send us your questions or request a free consultation.Contact Us

PlatformNewsCrypto CalendarEconomics CalendarGlossary

AnalyticsCryptocurrenciesExchangesToken UnlocksPortfolio

CompanyAboutContact UsF.A.Q.

Get the App

Google PlayApp Store

© 2026 All rights reserved

Privacy PolicyTerms of Service