Grok AI, described as Elon Musk's model, flags Bitcoin's more-than-50% drawdown as an accumulation setup and projects $150,000 to $225,000 by the end of 2026. With BTC around $62,800–$62,857, the forecast implies a 2.5x to 3.5x move while the analysis highlights support at $60,000 and the $55,000 to $70,000 range as pivotal.

Jeff Bezos said AI is more likely to create labor scarcity and lift living standards, pushing back on fears of mass unemployment. Meanwhile, U.S. figures cited in the report include close to 50,000 announced AI-linked layoffs in 2026 and a 55% drop in hiring for junior developer roles since 2019. Global estimates also indicate 75 million jobs could face automation risk from generative AI.

Nakamoto Inc. (Nasdaq: NAKA) said it reworked its balance sheet after liquidating about 600 Bitcoin plus related derivatives, generating $48 million. It used $45 million of the proceeds to pay down Kraken and reported its treasury now totals 4,467 BTC. The company also cited a remaining 165 million USDT debt to Kraken, alongside a $25 million share buyback plan and a 1-for-40 reverse split to keep its Nasdaq listing compliant.

Two crypto analysts argue Bitcoin remains in a bear market and may be in its final bearish phase. One expects the cycle to potentially bottom between $47,000 and $51,000 around October 2026, while another sees a possible drop to $54,000 next week and a deeper low near $47,000 by July 2026. Both forecasts frame the period as marked by weak sentiment and choppy price action.

Hungary’s new Tisza-led government said it will roll back the prior administration’s crypto regime and fully decriminalize crypto trading, eliminating prison exposure that previously reached up to eight years. The shift follows the April 12, 2026 parliamentary election and subsequent mid-May swearing-in of Prime Minister Péter Magyar, with officials signaling MiCA-aligned rules will replace the existing framework.

Bitcoin rose from $62,300 to $63,700 in roughly an hour after President Donald Trump said the US would not carry out scheduled strikes on Iran. In the same window, oil fell sharply from above $91 to below $87, while ETH moved back near $1,700, BNB returned to $600, and SOL gained 5% on the day to $67.

Visa introduced new AI-commerce and stablecoin infrastructure offerings at the Visa Payments Forum 2026, including identity tools for AI agents and a partnership with OpenAI to enable payments inside AI-driven experiences. The company said stablecoin settlement processed through VisaNet reached an annualized run rate of roughly $7 billion as of March 2026, alongside plans to broaden seven-day settlement and support tokenized bank deposits.

Bitcoin steadied above $62,500 and later moved back over $63,000 after a 1:28 p.m. EDT post from U.S. President Donald Trump, following a June 10 rebound back through $62,000. In parallel, May U.S. wholesale inflation surprised to the upside, with the producer price index (PPI) rising 1.1% and the annual rate reaching 6.5%. BTC was quoted at $63,280 at press time, while analysts cautioned that an extended Strait of Hormuz conflict could pressure rates and growth.