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Nearly $1 billion liquidated as Bitcoin recovers from $100k dip during Elon Musk, Donald Trump breakup
Bitcoin briefly dipped to $100,000 before swiftly rebounding to $103,000 in early trading hours Friday, as markets reacted to an explosive social media fallout between U.S. President Donald Trump and Tesla CEO Elon Musk. The confrontation, unfolding in real time across Truth Social and X, was marked by Trump’s threat to revoke federal contracts and […]
Sovereign Wealth Funds Eye Ethereum: A New Era of Institutional Investment?
Sovereign Wealth Funds Eye Ethereum: A New Era of Institutional Investment? In a recent revelation that could send ripples across the cryptocurrency market, Joe Lubin, co-founder of Ethereum and CEO of ConsenSys, has indicated that sovereign wealth funds are showing increased interest in Ethereum. This potential influx of institutional capital could mark a significant chapter […]
institutions cut Bitcoin ETF exposure by 23% in Q1
Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed. The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF […]
Bitcoin bulls must guard key $95.6k support as veteran holders cash in on gains
Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95,600 support level to remain bullish if it breaks below six-figures, according to a June 5 report by Glassnode. The report highlighted that after breaking below $103,700, the next major level of support is the psychological price level of $100,000 […]
Maple Finance expands to Solana, deploys yield-bearing stablecoin
Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems. 🔐 Hardware Wallet Tip: Keep your SOL safe with a Ledger Nano X — the wallet trusted by millions of crypto users.
Stablecoins Pave the Way for $36 Billion in B2B Transactions
Stablecoins Pave the Way for $36 Billion in B2B Transactions In the rapidly evolving landscape of digital payments, stablecoins are emerging as a transformative force, particularly in the realm of business-to-business (B2B) transactions. As of the latest reports, stablecoins have facilitated a staggering $36 billion in B2B payments, signaling a significant shift towards digital currencies […]
WLFI issues cease and desist notice to creators of ‘Official Trump Wallet’
World Liberty Financial (WLFI), the crypto venture associated with President Donald Trump and members of his family, has issued a cease-and-desist letter to the creators of a newly announced Trump-branded crypto wallet, Bloomberg News reported on June 5, citing a person familiar with the matter. The letter, reportedly sent to Fight Fight Fight LLC, the […]
Uber eyes stablecoins for faster settlements, lower FX costs for global operations
Uber is exploring dollar-pegged stablecoins as a tool for transferring funds across its global network, CEO Dara Khosrowshahi said on June 5 at the Bloomberg Tech conference in San Francisco. Khosrowshahi explained that blockchain-based tokens could settle payments faster than traditional correspondent bank channels and eliminate layers of foreign exchange fees. He said that stablecoins […]
Bitcoin dives below $102k amid fading momentum and macro uncertainty
Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets. The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions. The world’s largest cryptocurrency touched a low of $101,500 before stabilizing […]
Circle stock price skyrockets 234% in less than 30 minutes causing multiple trading halts
Circle's (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts. The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million […]
Anthropic CEO calls for AI transparency, argues against Trump bill’s decade-long state regulatory freeze
Anthropic CEO Dario Amodei urged US lawmakers to write transparency rules for artificial intelligence companies instead of granting a decade-long freeze on state regulation proposed in President Donald Trump’s technology bill. In a June 5 guest essay in The New York Times, Amodei described an internal evaluation in which Anthropic’s newest model threatened to expose […]
Coinbase data breach spills offline as victims get scam mail
The fallout from Coinbase’s recent data breach has reached a troubling new phase as victims report receiving fraudulent physical letters in the mail, exploiting their exposed personal information to advance a credit protection scam. The Block founder Mike Dudas sounded the alarm in a social media post on June 5, warning that he received a […]
Ethereum looks unlikely to break $3,000 in the near term as network activity stays sluggish
Key takeaways: Ethereum’s decreasing TVL contrasts rising fees Ether (ETH) has struggled to reclaim the $2,700 mark despite an 8% gain between June 2 and June 4. Although the price gained 48% between May 5 and June 5, further upside appears limited due to some weak network activity and rising competition. Ethereum network total value […]
VerifiedX Launches Vault Accounts – Setting a New Standard for Bitcoin Security
VerifiedX, the pioneering decentralized Layer 1 blockchain protocol, has officially launched Vault Accounts, a groundbreaking on-chain custody solution that redefines crypto security and user control — particularly for Bitcoin holders. Unlike traditional custodial wallets or smart contract-based solutions, Vault Accounts are fully native to the VerifiedX network, offering an unmatched suite of features including time-locked […]
Circle makes Wall Street debut as first major stablecoin issuer on NYSE
Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy […]
Total crypto trading volume hits $80 trillion over last 12 months
Over the past year, total trading volume across centralized crypto exchanges has surged to $80 trillion, according to CCData’s Exchange Review series. The milestone captures the combined activity from both spot and derivatives markets, highlighting a year marked by sharp cyclical swings, structural dominance of perpetual contracts, and a new, elevated volatility baseline. Volume Regimes: […]
Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership
Hong Kong’s push to legalize crypto derivatives is gaining political momentum, with reports that senior officials see the next wave of virtual asset reforms unlocking Bitcoin futures and options trading for professional investors. The goal is to expand product diversity while preserving sound risk controls. Bitcoin and Ethereum ETFs "have broadened the product diversity of […]
Aave’s USDT liquidity takes a hit after Justin Sun-linked HTX’s $570 million withdrawal
Aave, the largest decentralized lending protocol, has experienced a sharp drop in USDT liquidity to under $100 million following a massive withdrawal by a wallet linked to HTX, a crypto exchange connected to Justin Sun. According to on-chain analyst EmberCN, the wallet removed $570 million USDT from Aave's lending pool within three hours, slashing the […]
Bluebird gold mining company embraces Bitcoin in bold shift from tradition, shares soar 60%
Bluebird Mining Ventures Ltd., a London-listed gold exploration company with operations across Asia, has unveiled plans to adopt Bitcoin as part of its treasury management strategy. The firm announced the move on June 5 in a post on X (formerly Twitter), signaling a significant departure from the traditional capital allocation models in the UK mining […]
US takes down 145 domains linked to $17M darknet marketplace and seize crypto wallets
US law enforcement agencies seized 145 domains and crypto linked to BidenCash, a darknet marketplace known for selling stolen credit card data, and personal information, according to a June 4 statement. The takedown followed a court-approved investigation that targeted the platform’s infrastructure. The seized domains now redirect users to a server controlled by the authorities, […]