"I'm taking a break. TTYL."

Hoskinson says he's taking a break. Bitcoin hits $62K. Saylor calls it a rotation. And the questions your clients are asking that you're not answering.  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thursday, June 4, 2026 Saylor speaks as bitcoin plunges to $62,000 Bitcoin briefly fell below $62,000 in Asia trading Thursday — its lowest level since early 2025 — triggering more than $1.5 billion in leveraged liquidations over 24 hours, including $800 million in bitcoin longs and $386 million in ether. The proximate cause: Strategy's June 1 disclosure that it sold 32 BTC last week, its first sale since 2022, which markets read as a potential signal that Saylor might need to sell far more to fund preferred stock dividends. Saylor pushed back on X: "Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity." Charles Schwab's Jim Ferraioli agrees the Saylor sale is a scapegoat: bitcoin is losing the dominant momentum trade to gold, AI stocks, and a record IPO wave — $4B in ETF outflows since May 14, spot volumes at a 2.5-year low, and Broadcom earnings missing AI expectations have now spilled over into a broad semiconductor selloff that's dragging everything risk-on lower with it. Read the full story → Markets Cardano slumps under 20 cents as Hoskinson steps away after warning of ecosystem failures ADA fell below $0.20 for the first time in more than five years Thursday — down nearly 70% over the past year and over 93% from its 2021 all-time high — after Charles Hoskinson posted "I'm taking a break. TTYL" on X following a video warning of a coming "wave of failures" in the Cardano ecosystem. The collapse of TapTools, Cardano's largest analytics platform serving over a million users, triggered the remarks after it announced a wind-down following the departure of its CTO, COO, and two co-founders. The community compounded the damage by voting against treasury funding for Cardano's flagship 2026 Summit in Singapore, forcing its cancellation. TVL has fallen 36% in a month to roughly $186 million, down from over $700 million in late 2024. "There doesn't seem to be a lot of community desire to spend the treasury to take these ventures to the next level," Hoskinson said. The broader market selloff explains some of ADA's decline — but the governance failures, founder frustration, and project closures are Cardano-specific problems that the market is now pricing in hard. Read more → Crypto for Advisors The crypto due diligence questions you forgot to ask As client interest in crypto exposure has accelerated through 2026, the due diligence frameworks financial advisors apply to traditional assets — custody risk, counterparty exposure, liquidity depth, fee drag — are now being applied to digital assets for the first time by many practitioners. This week's Crypto for Advisors walks through the questions that get skipped in the enthusiasm of a bull market and are now coming due: Who actually holds the keys? What happens in a custodian insolvency? How is the on-chain yield generated, and what are the smart contract risks? What is the actual tax treatment of staking rewards vs. trading gains? And how do you explain to a client why their "bitcoin ETF" dropped 14% in a week when bitcoin itself is supposedly a long-term store of value? Read more → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.