CRYPTOSTORY 555· JUNE 1, 2026

Bitwise Analyst Warns of Up to 20% More Bitcoin Downside, Eyes $48,000 'Max Pain' Level

A Bitwise analyst, Dragosch, is flagging up to 20% additional downside for bitcoin ($BTC), with $48,000 identified as the worst-case scenario — a level tied to where long-term holders would find themselves sitting exactly at break-even on t

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37CRYPTO

South Africa Proposes Crypto Tax Guidance Under Existing Income and Capital Gains Rules

South Africa's tax authority has released draft guidance clarifying how crypto assets fit within the country's existing income and capital gains tax rules. Rather than writing new crypto-specific legislation, the regulator is proposing to m

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SBI Crypto Shuts Bitcoin Mining Pool After Five-Year Run

SBI Crypto is closing its Bitcoin ($BTC) mining pool on July 31, ending an operation that ran for more than five years. At the time of the announcement, the pool held 12th place in the global rankings and commanded approximately 2.2% of the

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46CRYPTO

Ondo Finance Tokenizes BlackRock's IVV ETF and Micron Stock on Ethereum Under SEC Custodial Rules

Ondo Finance has launched tokenized versions of BlackRock's IVV exchange-traded fund and Micron Technology shares, settling both instruments on Ethereum under a custodial model defined by U.S. securities regulators. The move places two main

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