Crypto News Today: Bitcoin ETFs See $519 Million Outflows, Ethereum Coinbase Premium Drops, TesseraDAO Loses $2.5 Million and Zcash Rallies 13%
Overview:
- Bitcoin spot ETFs saw $519.19 million in net outflows, led by BlackRock’s IBIT with $388.64 million in daily withdrawals
- Ethereum’s Coinbase Premium fell to nearly -0.16, its lowest level since February 2026, signaling weaker US buying pressure
- Zcash gained over 13% in 24 hours as shielded supply reached a record 5.1 million ZEC and network hashrate hit 16.3 GH/s
The crypto market saw major developments as Bitcoin spot ETFs recorded $519.19 million in net outflows, while Ethereum’s Coinbase Premium fell to its lowest level since February 2026 and TesseraDAO suffered a $2.5 million exploit.
Bitcoin Saw $519 million in Outflows
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $519.19 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley’s ETF MSBT, with a daily net inflow of $14.77 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock’s ETF IBIT, with a daily net outflow of $388.64 million.
The total net asset value of Bitcoin Spot ETFs is $85 billion, with an ETF net asset ratio of 6.28%. The historical cumulative net inflow has reached $54.66 billion.
Ethereum Coinbase Premium Falls
The Ethereum Coinbase Premium fell to approximately -0.16, marking its lowest point since February 2026. This coincides with ETH losing the psychological $2,000 level.
The index measures the asset’s price difference between the Coinbase and Binance platforms.
Arab Chain reported that a negative value in this metric indicates that buying pressure from US investors is weaker than global liquidity.
Currently, the price sits at $1,871.43 after being rejected from the $2,300 to $2,350 resistance zone last month. Report analysts suggest that this behavior reflects a structural absence of US institutional demand during the first half of the year.
TesseraDAO Suffers $2.5 Million Exploit
In the last 24 hours, it was reported that TesseraDAO suffered a security exploit on the BNB Chain network, resulting in the loss of $2.5 million.
The incident occurred after a breach in the ownership access of the smart contract. The report from the blockchain security firm Specter indicates that the hacker managed to exploit the protocol’s permissions to issue a large amount of assets without prior authorization.
The firm reported that the attacker generated a total of 99 million TSR tokens. Immediately after minting, the assets were dumped onto the open market, causing an instant imbalance in the automated liquidity pools.
According to on-chain monitors, the price of TSR experienced a 99% collapse in value following the execution of the massive sale.
Also Read: Bitcoin News Today: Fear Gauge Jumps As BTC Selloff Tests $65,000 Support
Crypto Treasury Monthly Inflows Fell to $180 million
DefiLlama data shows that the monthly fund inflow for Digital Asset Treasury Companies (DAT) in May dropped to $180 million, the lowest level since October 2024.
The total amount in May decreased by 95% from $4.4 billion in April, and by approximately 93% from the monthly average from January to May.
Previously, March and April were $4.2 billion and $4.4 billion, respectively. Bitcoin treasury companies accounted for 98% of the total inflow in May (approximately $177 million), but this was also a significant decrease from $3.8 billion in April.
Non-Bitcoin reserve assets contributed minimally, with small inflows for Zcash, Story, and Sui, while Litecoin recorded an outflow of $1.89 million.
Zcash (ZEC) Surged Over 13%
Zcash (ZEC) has surged over 13% in the past 24 hours to approximately $618, defying the broader market downturn.
The rise is driven by Zcash’s shielded supply reaching a record high of about 5.1 million ZEC, with most held in the Orchard pool.
This increase aligns with Multicoin Capital’s strategy of using Zcash as a privacy hedge. Additionally, the Zcash network hashrate hit an all-time high of 16.3 GH/s, indicating strong miner commitment.
On the Hyperliquid exchange, ZEC is experiencing net buying pressure, contrasting with net selling in other major assets.
Also Read: ETH Outlook 2026: Can Ethereum Recover After Dropping Under $2,000?
FAQs:
- How much money flowed out of Bitcoin spot ETFs?
According to SoSoValue, Bitcoin spot ETFs saw total net outflows of $519.19 million. BlackRock’s IBIT recorded the largest daily outflow at $388.64 million. - Why is Ethereum’s Coinbase Premium important?
The Coinbase Premium compares ETH prices on Coinbase and Binance. A negative reading suggests weaker US buying demand compared with global liquidity, which can pressure Ethereum price sentiment. - What happened to TesseraDAO?
TesseraDAO suffered a $2.5 million exploit on BNB Chain after ownership access of its smart contract was breached. The attacker reportedly minted 99 million TSR tokens and dumped them into liquidity pools. - Why did TSR token crash 99%?
TSR collapsed after the attacker created and sold a large number of unauthorized tokens. The sudden dump caused a major imbalance in automated liquidity pools, leading to a near-total price crash. - Why did Zcash rise despite market weakness?
Zcash rallied over 13% as its shielded supply reached a record 5.1 million ZEC and network hashrate hit an all-time high. Strong net buying pressure on Hyperliquid also supported the move.
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