07:08 UTC — Tether's dominance surged by most since March 2025 as bitcoin crashed

Tether (USDT), the leading dollar-pegged stablecoin, saw its market dominance jump 13.55% last week to reach 9%, marking the largest weekly gain since March 2025, according to TradingView data.

The sharp upswing coincided with heavy selling pressure on bitcoin, which tumbled nearly 14-16% over the week and briefly dipped below $60,000.

Rising USDT dominance typically signals capital rotating out of riskier crypto assets into dollar equivalents. It highlights growing risk aversion and defensive positioning across the market.

However, this doesn't necessarily point to sidelined "dry powder" waiting to re-enter.

Tether's market cap actually declined 0.7% to $186.89 billion last week, its third consecutive weekly drop. This suggests that a meaningful portion of the outflow from BTC and the broader crypto may have exited the market entirely rather than parking in stablecoins.

06:59 UTC — Crypto's next real catalyst could be SpaceX's IPO this week

For all the focus on bitcoin's order flow, the event that decides the next move might just be sitting in equities.

Major market-maker Wintermute said in a Tuesday note that a catalyst for bitcoin and the broader crypto market is SpaceX's stock market debut on June 12.

The listing is gauge of retail and risk appetite. If investors absorb the deal well, it reads as a good sign for crypto. Wintermute said, that points to exhaustion across risk assets and would be bearish for the whole complex.

Wintermute said last week's drop was about a missing bid, not Strategy's bitcoin sale.

On its over-the-counter desk, where large trades happen off exchanges, retail had been selling for a while and moving into stocks. US institutions were offloading the bitcoin they bought a month ago.

Wintermute added some of the recent selling in AI stocks looks like investors raising cash for a run of huge IPOs, with SpaceX first. The money going into those deals has to come from somewhere, and right now some of it is leaving crypto and tech.

There is also no chart to lean on, however. Bitcoin never traded much between $50,000 and $59,000 on the way up in 2024, so there are no real support levels underneath.

Bitcoin traded near $63,000 on Tuesday, according to CoinDesk data, down about 14% over the past week. SpaceX prices on June 11 and begins trading the next day.

06:34 UTC — Sahara AI's token fell about 60%, and the team's statement echoes November's

Sahara AI's SAHARA token dropped about 60% over 24 hours to roughly $0.016, near its all-time low of $0.01355, after falling vertically from about $0.035 earlier today.

Roughly $215 million changed hands in a day against a market cap near $49 million, turnover more than four times the token's size and the signature of a capitulation event.

The team said in an X post there were no security issues with its contracts or products. That was verbatim an X post made on November 29, 2025, when SAHARA fell from about 7 cents to 4 cents.

In a follow-up post, Sahara AI said it had finished its investigation and found team and investor allocations are untouched on-chain. A transfer of 600 million SAHARA - which some market watchers cited as the cause - was a pre-scheduled fill of its Chainlink CCIP bridge contract, the infrastructure that moves the token between blockchains.

"Team and investor wallet allocations are fully untouched on-chain. No team or investor tokens have been sold or moved," Sahara AI said. "The transfers being cited as the cause of today's price movement were a pre-scheduled fill of our Chainlink CCIP bridge contract to provide liquidity for our recently launched cross-chain bridge."

The token has shed roughly 75% since its June 2025 launch.

05:47 UTC — Bitcoin's 'fear gauge' falls as price stabilizes near $63,000

Bitcoin’s (BTC) fear gauge is easing, reinforcing the stability in the cryptocurrency’s price action after last week’s volatility.

Volmex’s 30-day implied volatility index (BVIV) has declined sharply to an annualized 47%, down from a Friday high near 60%, according to TradingView data. The drop signals that the panic-driven buying of options, or derivative bets offering protection from price swings, is cooling off.

This comes as bitcoin has stabilized near $63,000 following a brief dip below $60,000 last week.

Like the S&P 500 VIX in traditional markets, the BVIV typically moves inversely to the spot price. Its latest decline underscores a market that is digesting the selloff without renewed panic, potentially setting the stage for more measured trading ahead.

05:17 UTC — Crypto is lagging a tech rebound as AI stocks bounced higher overnight

The AI dip-buyers who hammered crypto last week came back overnight, just not for crypto.

MSCI's ( MSCI ) Asia Pacific gauge rose 2.5%, South Korea's Kospi climbed as much as 8% with SK Hynix up 11%, and the Nasdaq 100 added 1.6% as a semiconductor gauge gained more than 5%.

Crypto ( CRCW ) got none of that action. Bitcoin trades near $63,300, up about 0.8% over 24 hours, and ether near $1,691, up 1.8%, per CoinDesk data. BNB and Solana ( HSDT ) lead the majors at roughly 2.3%.

Every large token is still deep in the red on the week, with bitcoin off 10.8%, ether down 16%, Solana ( HSDT ) and Hyperliquid both off about 17%, and dogecoin down 14.7%.

Crypto ( CRCW ) sold off alongside AI shares last week when the rout was pinned on stretched chip valuations, and that beta has flipped on the way up.