A whale transferred 1000 ETH to Binance after a year of hibernation

Coinbase CEO Brian Armstrong published a post stating that to sustain exponential growth in token usage while keeping AI spending stable, the key is not to introduce usage friction or spending alerts, but rather better default models, routing, and caching mechanisms. Coinbase is testing using open-weight models like GLM 5.2 and Kimi 2.7 as defaults via its LLM gateway, while still encouraging engineers to select the right model for each task. He noted that 91% of employees have never hit their usage caps, so instead of lowering quotas and adding alerts, the company shifted to lower-cost default models. For model routing, Coinbase preprocesses prompts in its custom workflow and routes tasks to the most suitable model based on cache hit rates and model pricing. For example, the planning phase may require an advanced model, but using an advanced model during execution would be overkill. The company believes that in the future, humans should not choose models—AI should handle this task automatically. Armstrong also said that cache misses are the easiest way to drive up costs. All of Coinbase’s requests are cache-aware to reuse hot caches as much as possible; for instance, after proper cache implementation, LibreChat’s cache hit rate rose from 5% to 60%. Additionally, Coinbase requires engineers to keep contexts streamlined, including starting new sessions when switching tasks, narrowing file context ranges, and disconnecting unused tools. The goal is not to curb AI usage, but to build infrastructure that can support exponential growth. Through these practices, Coinbase has cut its AI spending by nearly half, while token usage continues to grow.

According to CNBC, billionaire investor and GMO co-founder Jeremy Grantham has once again criticized bitcoin, labeling it a "useless speculative" asset with no intrinsic value, and predicting it will gradually become irrelevant over the next several years or even decades. Grantham said, "It will die out, not with a bang, but quietly." He noted that bitcoin is not a stable form of value, having halved for no clear reason even in a strong economic environment, making it unreliable as a store of value. Grantham also pointed out that gold, even after retreating from its highs over the same period, has still posted solid gains. He added that bitcoin has neither proven itself as a useful speculative asset nor delivered real-world utility. "People don't use bitcoin for serious transactions, nor do they use it to pay for dinner or supermarket groceries; its role is to let criminals transfer funds," he stated. Bitcoin has long been known for severe bear market drawdowns, having dropped at least 70% from its peak in every cycle. Currently, bitcoin is down roughly 52% from its October high, hovering around $60,000, and many investors believe the current price slump could persist for several more months.

According to an official announcement, Binance will launch the CAPUSDT perpetual contract at 19:45 (UTC+8) on June 27, 2026, with a maximum leverage of up to 10x.

Crypto KOL Ansem has published a post stating he remains firm in his earlier view that stock indices and the storage sector have peaked at their current levels in the short term. The third quarter kicks off next week, and the market may see volatility at the start of Q3. He notes that the crypto market, particularly BTC and SOL, has already priced in many weakening factors in advance, so he expects a potential bullish divergence in price action. However, he would not be surprised if a weak stock market at the start of Q3 triggers a selloff in the crypto sector as well. Ansem added that HYPE is likely to continue performing well, though it could also pull back along with the broader market. He warned that the worst-case scenario is getting liquidated before the bear market bottom and before all assets rebound together, so caution is needed when using leverage for long positions. For spot trading, he believes current levels are near lows, making overtrading unwise, while Q3 will be a suitable phase to add positions.

According to Coinglass data, if Bitcoin breaks through $62,000, cumulative short liquidation intensity on major centralized exchanges (CEXs) will hit $915 million. Conversely, if Bitcoin drops below $59,000, cumulative long liquidation intensity on major CEXs will reach $697 million. BlockBeats Note: The liquidation chart does not show the exact number of pending liquidation contracts or the precise value of liquidated contracts. The bars on the chart instead represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., their intensity. As such, the chart illustrates how severely a given price level for the underlying asset will be impacted. A higher "liquidation bar" signals that once the price hits that level, it will trigger a more pronounced reaction driven by liquidity waves.

ARK Invest founder Cathie Wood stated in a post that capital outflows from more globally unstable countries will further drive up Bitcoin and other digital assets. AI has kicked off a technological revolution and rightfully deserves massive attention from the investment world. However, she argues that AI cannot serve as an insurance tool for wealth preservation, which is exactly what many people around the globe are currently seeking.