According to analysts of the Fixygen.ua project, the cryptocurrency market ended the first week of June lower: Bitcoin fell below $60,000 and updated its lows since autumn 2024, Ethereum declined to the $1,550-1,650 zone, while the largest altcoins remained under pressure due to weak demand for risk.
As of June 8, Bitcoin is trading at around $61,800, Ethereum at around $1,630, and Solana at around $64.7. Despite a local rebound at the beginning of the new week, the market remains in a weak position after one of the toughest weeks of 2026.
The main pressure factor was outflows from cryptocurrency investment products. According to CoinShares, in the week to June 1, digital assets recorded outflows of $1.67 billion, marking the third consecutive week of negative dynamics and the second-largest weekly outflow in 2026. Investors withdrew $1.438 billion from Bitcoin products – the largest weekly BTC outflow since the beginning of the year – and $257 million from Ethereum products.
Pressure continued in early June. According to Farside Investors, U.S. spot Bitcoin ETFs showed net outflows of $483.8 million on June 1, $519.1 million on June 2, and $396.6 million on June 3. Only on June 4 were the funds able to move slightly into positive territory – around $3.2 million.
The weakness of ETFs became a signal that institutional demand for crypto assets remains limited. After strong growth in previous years, investors are taking profits, reducing exposure to high-risk assets and reallocating capital to more understandable themes, primarily shares of companies related to artificial intelligence, data centers and semiconductors.
An additional negative factor was news of the sale of part of its bitcoins by Strategy, the company associated with Michael Saylor. Although the sale volume was small compared with the company’s overall portfolio, the very fact of the first BTC sale in several years was perceived by the market as a psychologically negative signal.
Against this background, Bitcoin lost more than 10% over the week and briefly fell below the important $60,000 level. For some traders, this confirmed that the market had entered a phase of deep correction after a period of high liquidity and strong institutional interest.
Ethereum also came under pressure. Weak flows into ETH ETFs and the overall decline in risk appetite did not allow the largest altcoin to stay above $1,800. During the week, ETH declined to the $1,550 zone, after which it partially recovered.
Altcoins as a whole looked weaker than Bitcoin. Solana, XRP, Cardano and other major tokens declined amid reduced liquidity, growing investor caution and declining interest in riskier market segments. In such periods, capital usually concentrates in BTC and stablecoins, while altcoins face stronger pressure.
The macroeconomic backdrop also did not support the crypto market. Investors continue to assess the outlook for U.S. interest rates, inflation dynamics and the resilience of the stock market. As long as expectations for rate cuts remain uncertain, it is difficult for cryptocurrencies to gain a sustained recovery impulse.
Regulation remains a separate factor. The market is waiting for progress on U.S. bills on the structure of the crypto market and stablecoins, but the lack of quick clarity is reducing interest among some institutional investors. Without regulatory progress, crypto assets remain more dependent on ETF flows and overall market liquidity.
Despite the weak week, there are still no signs of panic comparable to the crises of 2022. The market has become more institutional, while liquidity is partly supported by ETFs, stablecoins and large market makers. However, the current dynamics show that the launch of ETFs has not eliminated the cyclicality of the market and has not protected Bitcoin from sharp corrections.
Next week, the key factors for the crypto market will be flows into Bitcoin and Ethereum ETFs, the dynamics of the U.S. stock market, expectations for Fed rates, news on Strategy and regulatory signals from Washington. For Bitcoin, the nearest important zone remains the $60,000-62,000 range; losing it could increase pressure on the market, while a return above $65,000 could become the first sign of stabilization.
The cryptocurrency market remains one of the most volatile segments of global finance. Bitcoin and Ethereum retain the status of the largest digital assets, but their dynamics are increasingly dependent on institutional flows, ETFs, macroeconomic expectations and competition for capital with other investment themes, primarily the AI sector.
This week, Ukrainian Minister of Foreign Affairs Andriy Sibiga presented consular letters of credence to six newly appointed Consuls General of Ukraine. The consular commissions were awarded to: Illia Kvas (Shanghai), Heorhii Filatov (Istanbul), Oksana Tarasyuk (Düsseldorf), Olena Tronina (Barcelona), Larysa Polishchuk (Naples), and Vitalii Remele (Hamburg).
According to the Foreign Minister, a significant number of Ukrainian citizens reside in these consular districts, so protecting their rights and interests is an unconditional priority for the state.
“A significant number of Ukrainian citizens reside in these consular districts, so protecting their rights and interests is our absolute priority. I also emphasized the importance of actively developing economic cooperation and interregional contacts, strengthening Ukraine’s cultural presence, and establishing new partnerships,” Andriy Sibiga noted in a post shared on Facebook.
He also expressed hope that the newly appointed heads of consular offices will work actively, effectively, and with the utmost attention to the needs of Ukrainian citizens abroad.
According to Serbian Economist, fragments of an ancient landmass that geologists call Greater Adria lie beneath the territories of Serbia, Croatia, Bosnia and Herzegovina, and other countries in Southern Europe, Nova reports, citing research by an international group of scientists.
Geologists view Greater Adria as an ancient continental block roughly the size of Greenland. It broke away from the supercontinent Gondwana, drifted northward for tens of millions of years, and then collided with Europe. As a result, most of this landmass was subducted into the Earth’s mantle, while individual fragments were “scraped off” and incorporated into the mountain systems of Southern Europe.
According to the reconstruction, remnants of Greater Adria can be found today in the geological structures of Italy, Greece, Serbia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, Albania, as well as in other parts of the Mediterranean. This does not refer to a single, intact continent beneath the Balkans, but rather to fragments of the ancient continental crust that have been reshaped by the movement of lithospheric plates.
A key study on this topic was published in 2019 in the journal Gondwana Research. Scientists reconstructed the tectonic history of the Mediterranean region over the past 240 million years using paleomagnetic data, information on fault movement, and computer models of plate tectonics. The researchers analyzed data from thousands of geological sites in Southern Europe, North Africa, and the Middle East.
According to this reconstruction, Greater Adria began to separate from the northern part of Gondwana about 240 million years ago. It later drifted northward and collided with the southern edge of Europe approximately 120–100 million years ago. During the collision, a significant portion of the massif was subducted beneath Europe, while the upper layers were crumpled, uplifted, and incorporated into the region’s mountain belts.
It is this process that is associated with the formation of a number of mountain systems in Southern Europe and the Mediterranean, including parts of the Alps, the Apennines, the Dinaric Alps, the Balkan Mountains, Greece, and Turkey.
Similar “lost” or partially submerged continental blocks are known in other regions of the world as well. One of the most famous examples is Zealandia—a largely submerged continental mass of which New Zealand and New Caledonia are part.
Greater Adria became known to the general public following a 2019 publication, although individual fragments of its geological history had been studied for decades.
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Saudi Arabia has suspended large-scale work on the construction of The Line—a key component of the futuristic city of NEOM—until at least 2030.
The Line was conceived as one of the most ambitious urban development projects in the world: a linear city 170 km long and up to 500 m high, free of cars and traditional streets, designed to accommodate millions of residents. The project was intended to become a symbol of the Saudi Vision 2030 program and Saudi Arabia’s economic transition from oil dependence to technology, tourism, logistics, and innovative infrastructure.
According to Semafor, NEOM has postponed further major work on The Line until after 2030. Investments in a number of other project areas have also been postponed or frozen, including some tourist facilities on the Red Sea coast and the Trojena mountain resort, which was previously planned as a venue for the 2029 Winter Asian Games.
The reasons for the revision include rising costs, the need to reallocate resources, and a more pragmatic approach to implementing Saudi Vision 2030 projects. Instead of the most complex and expensive futuristic facilities, the priority may shift toward ports, logistics, industrial infrastructure, data centers, and facilities that yield economic benefits more quickly.
The Line and the entire NEOM project have been controversial from the start due to their scale, cost, technical complexity, and environmental risks. It was initially stated that the city would be able to accommodate up to 9 million residents, but the plans were later revised several times. In 2024, The Guardian reported that by 2030, only a small section is actually planned to be built instead of the originally announced 170 km.
The suspension of The Line is part of a broader review of Saudi megaprojects. Reuters previously reported on the suspension of work on Mukaab—a giant cubic skyscraper in Riyadh costing about $50 billion, which is also part of the Vision 2030 portfolio.
For the real estate and construction market, the decision regarding The Line is an important signal: even the largest state-backed projects in the Gulf countries are facing funding constraints, a shortage of investors, rising construction costs, and the need to demonstrate economic viability.
At the same time, Saudi Arabia is not abandoning NEOM entirely. The project will likely develop in a more realistic format, with a focus on individual functional zones, industry, logistics, maritime infrastructure, digital services, and energy projects.
NEOM is a megaproject in northwestern Saudi Arabia, announced in 2017.
It includes The Line, the Oxagon industrial cluster, the Trojena mountain resort, the Sindalah island tourism project, and other zones. The project is funded with the participation of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, and is part of the Saudi Vision 2030 strategy.
Portugal has dramatically accelerated the processing of backlogged immigration cases following several years of delays in the system for issuing and renewing residence permits. According to government data, the Agency for Integration, Migration, and Asylum (AIMA) and a special unit tasked with clearing backlogged cases have conducted 763,000 interviews and issued decisions on more than 525,000 cases, of which approximately 473,000 were approved.
This represents a massive clearance of the backlog that formed following the dissolution of the former Service for Foreigners and Borders (SEF), the creation of AIMA, and the abolition of the former “expression of interest” mechanism. This mechanism allowed foreigners already in Portugal to regularize their status if they had a work and tax history.
According to government data, AIMA notified 445,000 people under the now-abolished “expression of interest” scheme alone. A total of 246,000 decisions were made in this category, of which 229,000 were positive and 26,000 were negative, and 225,000 residence cards have already been issued.
Cases involving citizens of the Community of Portuguese-Speaking Countries (CPLP) were considered separately. Under this scheme, 215,000 people were notified, 207,000 interviews were conducted involving 161,000 migrants, and AIMA issued 153,000 decisions, of which 140,000 were positive. 136,000 residence cards have already been issued.
Another major category involves the renewal of expired residence permits. According to Minister for the Presidency António Leiteu Amaro, there were approximately 360,000 such cases; 193,000 people were notified of the need to regularize their status, 104,000 attended appointments, and 82,000 have already received new permits.
Immigration reform has become one of the most sensitive issues for Portugal. The authorities are attempting to simultaneously reduce the administrative backlog, strengthen controls, transition to a more digital system, and abandon the practice whereby the country effectively legalized a large number of people after their entry.
According to AIMA data, as of the end of 2024, there were 1.543 million foreign nationals in Portugal with valid documents or ongoing regularization procedures. This is nearly four times more than in 2017, when 421,800 foreigners were registered in the country.
Brazilian citizens remain the largest foreign community in Portugal, numbering 484,600 people, or 31.4% of all foreigners. The Indian community is the second largest, with 98,600 people. They are followed by citizens of Angola—92,300, Ukraine—79,200, Cape Verde—65,500, Nepal—58,100, Bangladesh—55,200, the United Kingdom—48,200, Guinea-Bissau—47,300, Pakistan—41,500, São Tomé and Príncipe—40,100, and Italy—40,000.
Ukrainians remain one of the largest European migrant groups in Portugal. According to AIMA data for 2024, 79,232 Ukrainian citizens resided in the country, including 31,271 men and 47,961 women. Some Ukrainians are in Portugal under temporary protection, introduced in the EU after the start of Russia’s full-scale war against Ukraine.
AIMA specifically noted that as of the end of 2024, there were 61,242 recipients of temporary protection in Portugal who are not considered holders of a standard residence permit but are included in the statistics on foreign residents.
Geographically, Portugal’s foreign population is concentrated primarily along the coast. The districts of Lisbon, Faro, Setúbal, and Porto account for 1.101 million foreign citizens, or 71.3% of the total. The Lisbon metropolitan area itself is home to many municipalities with the largest foreign communities: Lisbon, Sintra, Cascais, Amadora, Lores, Odivelas, Almada, and Seixal.
The growth in the number of foreigners reflects several processes at once: labor demand, the influx of migrants from CPLP countries, the increase in the number of people from India, Nepal, Bangladesh, and Pakistan, as well as the presence of Ukrainians who received protection after 2022. Authorities emphasize that more than 1.03 million foreign nationals pay contributions to Portugal’s social security system.
In May 2026, 1,032 new vehicles were added to Ukraine’s fleet of new trucks and specialty vehicles, which is 8% more than in May 2025 but 8% less than in April of this year, according to a report by Ukravtoprom on its Telegram channel.
Renault remains the market leader with 144 units, though this is 38.7% less than in April of this year.
Fiat took second place with 84 units (118 units in April 2026), and Volkswagen took third with 83 units.
Rounding out the top five were Mercedes-Benz with 77 units and Opel with 72 units.
As reported, in May of last year, the top five were MAN, Renault, Peugeot, Citroën, and Mercedes-Benz.
According to Ukravtoprom, a total of 5,065 new vehicles were added to Ukraine’s fleet of trucks and special-purpose vehicles from January through May, which is 6% more compared to the same period last year.
Meanwhile, the information and analytical group AUTO-Consulting, analyzing the segment of trucks with a gross vehicle weight of over 3.5 tons, noted that in May, for the first time in 14 months, a 10% increase in truck sales was recorded.
“This marks the end of a long and protracted slump caused by the suspension of foreign aid through U.S. funds last year,” the report states.
JAC became the leader in this segment in May, overtaking MAN thanks to large deliveries of special-purpose vehicles, while Volvo finished third. Meanwhile, MAN took first place among heavy-duty trucks with a 16% market share. Overall, the segment of heavy-duty vehicles with a gross vehicle weight exceeding 16 tons grew by 35%.
Increased demand was recorded for dump trucks, tractor-trailers, and municipal special-purpose vehicles. A slight increase also began in the concrete mixer and tanker segments.
As reported, according to data from “Ukravtoprom,” registrations of new trucks and special-purpose vehicles in 2025 decreased by 5% compared to 2024—to nearly 12,300 vehicles.
auto market, special-purpose vehicles, TRUCKS, UKRAINE, UKRAVTOPROM
