Weekly: SpaceX’s historic IPO, new Claude and the year’s main Web3 week

Bitcoin recovered slightly after falling below $60,000 and spent most of the week moving in the range of roughly $61,000–$64,000, although it still failed to hold above $65,000. The price came under pressure from new CPI data in the US, where inflation accelerated to 4.2% year-over-year in May. 

Bitcoin is searching for support

Whale activity rose sharply in the $60,000–$61,000 zone, and this looks like an attempt by major players to absorb selling pressure. At the same time, demand for BTC over the past 30 days fell by almost 650,000 coins and dropped to one of its weakest levels since 2019.

The $60,000–$62,000 area now looks like a key support zone, where the market is testing whether buyers are ready to hold the price. But for a more confident recovery, Bitcoin still needs to reclaim at least the $75,000 level. Until that happens, any move higher looks more like an attempt to stabilize than a full return of strength.

Ethereum is weaker than expected

Ethereum spent the whole week near $1,650–$1,680 and still failed to properly recover from its drop below $2,000. Fear around ETH has returned, while the ETH/BTC pair is roughly at levels last seen a decade ago. For the market, this is an unpleasant signal, because Ethereum has long been positioned as crypto’s main infrastructure story, but right now that story is poorly supported by price.

Altcoin news: the CMC20 index slightly recovered from its decline over the week, but the market remained in the fear zone. Some tokens, including Humanity Protocol and Sahara AI, saw sharp crashes after their own internal crises. In other words, the altcoin sector is mostly trying to hold on after the hit.

SpaceX held a historic IPO 

The IPO took place on June 12: the company priced its shares at $135 and raised $75 billion. During its Nasdaq debut, the stock jumped above $160, its market capitalization exceeded $2.1 trillion, and Elon Musk became the first trillionaire in history.

For the crypto market, there was a separate nervous storyline here: Binance, Bybit and Bitget tried to give users access to an allocation of tokenized SpaceX shares through xStocks, but almost immediately shut down the campaigns due to a shortage of the underlying asset. 

Ukrainian Blockchain Week 

Ukrainian Blockchain Week and Incrypted Conference 2026 became a separate strong block of the week. The week started with Incrypted Online Conference 2026: almost eight hours of streaming, more than 10,000 views and speeches from representatives of Solana Foundation, Binance and Limitless Labs.

Offline events in Kyiv followed, and Incrypted Conference 2026 at Parkovy Convention and Exhibition Center became the culmination. The event gathered around 2,000 people, more than 50 speakers and 75 global-level companies. The stage covered the market, AI, on-chain investigations, the new crypto law in Ukraine and the drivers of the next cycle. This is an important signal: even in a weak market, the industry is not shrinking, but continues to gather people, capital and attention around infrastructure topics.

AI is entering finance, wallets and payment infrastructure

Anthropic introduced Claude Fable 5 as its most powerful public model and opened limited access to Claude Mythos 5, which had already managed to alarm banks and regulators because of potential risks to the financial system.

Even in this format, the launch of Mythos-class models immediately raised questions for the crypto market. If such systems can significantly speed up the search for vulnerabilities in smart contracts, libraries and financial software, this is no longer just another release in the tech sector. It is a direct risk factor for DeFi and the entire digital infrastructure.

At the same time, OpenAI filed a confidential IPO application, Apple showed Siri AI, Mastercard introduced a platform for payments between AI agents, and MetaMask introduced a non-custodial Agent Wallet for autonomous bot actions on the Ethereum network. In other words, AI no longer exists separately from finance and blockchain. It is entering payment, wallet and service infrastructure directly.

Politics, sanctions and crypto money are mixed into one story again

The EU is preparing its 21st sanctions package against russia, which could affect around a dozen crypto platforms. Hungary, on the contrary, plans to lift some restrictions on cryptocurrency trading and decriminalize the sector after the strict rules of previous years.

Sam Bankman-Fried filed a request for a pardon, although Trump had previously directly rejected such a possibility. The market also discussed estimates related to crypto projects connected to Trump’s family: behind them are billion-dollar revenues for some and equally large-scale losses for some investors. 

Infrastructure is moving even when charts are weak

There were also many telling events among the other stories of the week. The head of NVIDIA called the tech stock sell-off a buying opportunity. Revolut is targeting a $115 billion valuation before its IPO. Arthur Hayes sold Worldcoin after a wave of positive publications. Strategy bought another 1,550 BTC. Circle launched wrapped Bitcoin on the Ethereum network. Citigroup is preparing trading in tokenized shares of private companies.

This does not look like a market that has stopped. It looks like a market that is weakening on the charts, but at the same time is rebuilding its infrastructure very quickly. Major players are not waiting for the perfect moment. They are either preparing for the next phase or already taking their place in it.

Kursoff’s view

The stage ahead is not one where watching a single candle is enough. Right now, it is more important to see where new strength is gathering, and where fatigue is already beginning under the noise and beautiful stories.