Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction?
Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason.

One area of interest has been the sharp rise in short positions at Bitfinex in the past week. Traders are placing exaggerated importance on these Bitcoin (BTC) margin shorts as if they are predictors of the current market crash. Still, as Cointelegraph previously reported, analysts forget that Bitcoin margin longs are usually much larger.
Source: https://cointelegraph.com/news/bad-call-bitfinex-bears-closed-a-block-of-bitcoin-shorts-before-the-drop-below-32k

Three Ethereum testnets now have a set date for the London hard fork, a key step toward a full mainnet implementation.
The hotly anticipated “London” Ethereum hard fork now has a set block height for three testnets — a key penultimate step toward a full mainnet launch.

In a blog post on the Ethereum Foundation’s website, Ethereum core developer Tim Beiko wrote that the Ropsten, Goerli and Rinkeby testnets now have set block heights at which London will go live, with Ropsten expected to be the first at block 10,499,401, or sometime on June 24. Goerli is expected to be next on June 30, and Rinkeby on July 7.
Source: https://cointelegraph.com/news/ethereum-s-london-hardfork-set-to-go-live-on-testnets-starting-june-24th

The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go.
If one looks at Dogecoin (DOGE) charts from the point of view of a financial chartist, he/she will notice an alarming presence of a classic bearish structure.

For instance, pseudonymous analyst Tyler Durden highlighted what appears to be a "Head and Shoulder" pattern. The trading structure forms when an asset forms three peaks atop the same support level. In doing so, its middle peak comes out to be higher than the other two.

Durden flashed the Head and Shoulder-like pattern to predict a 67% price crash in the Dogecoin market.
Source: https://cointelegraph.com/news/even-elon-musk-can-t-save-dogecoin-from-crashing-another-60-analyst-asserts

The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender. The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin (BTC) as legal tender.

It cited issues with Bitcoin’s environmental impact and transparency as reasons why it will not support El Salvador’s move to adopt Bitcoin as an officially accepted currency.

“While the government did approach us for assistance on Bitcoin, this is not something the World Bank can support, given the environmental and transparency shortcomings,” a World Bank spokesperson said.
Source: https://cointelegraph.com/news/world-bank-refuses-el-salvador-s-request-for-help-on-btc-transition

Centralized providers of two-factor authentication services are being challenged by a brand-new solution that’s based on the blockchain.
A startup says it offers two-factor authentication on blockchain for the very first time.

Shield Protocol is taking on the likes of Authy and Google Authenticator — and offers security while eliminating data collection and centralized storage. A simple interface also means it’s a tool that will be accessible for everyday users.

The project is based on Binance Smart Chain and is currently in the process of integrating with Polygon. It also offers a dedicated wallet where multiple cryptocurrency assets can be stored securely.
Source: https://cointelegraph.com/news/this-blockchain-based-two-factor-authenticator-is-taking-on-google-and-authy

Bitcoin miners may opt for ESG ratings to prove “greenness” as environmental concerns loom over the entire crypto industry.
Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in May saying that his company would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.”
Source: https://cointelegraph.com/news/bitcoin-miners-can-prove-green-potential-by-undergoing-esg-ratings-check

A privacy-enabled blockchain platform delivers high levels of scalability and the ability to tokenize data, unlocking a plethora of powerful use cases. A privacy-enabled blockchain platform says its goal is to build a responsible data economy and usher in a new era for this technology.

Oasis Protocol says it brings privacy and scalability to DeFi — ensuring that this new approach to finance can expand beyond early adopters to reach the mass market.
Source: https://cointelegraph.com/news/privacy-focused-platform-says-it-solves-burning-issues-in-blockchain-and-defi-space

IBM shows its commitment to Hyperledger and enterprise blockchain development with its largest-ever contribution of open-source code. The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate.

For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption for open, permissionless networks. On the flip side, it’s important to point out that private blockchains are still being leveraged by enterprises and will continue to be utilized as innovation continues.
Source: https://cointelegraph.com/news/ibm-opens-hyperledger-fabric-source-code-to-drive-enterprise-blockchain-adoption