<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9tdGdveDEuanBn.jpg" alt="Mt. Gox moves $739M in Bitcoin from cold wallets: Arkham" class="type:primaryImage"></p><p>Mt. Gox moved $739 million in Bitcoin for the first time since March, raising speculation about imminent creditor distributions.</p>
BlackRock Transfers $139.7M In Bitcoin And Ethereum To Coinbase, Onchain Data ShowsBlackRock deposits $139.7M in BTC and ETH to Coinbase, signaling continued institutional crypto adoption and market impact.➤ BlackRock transferred $139.7 million in Bitcoin and Ethereum to Coinbase, indicating continued institutional engagement with digital assets.➤ This move by the world’s largest asset manager, following its spot Bitcoin ETF launch, signals active management of crypto holdings and potentia
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Strategy Sold Bitcoin, But It’s Not What You May Think➤ Strategy, the largest corporate holder of Bitcoin, sold a small fraction (32 BTC) to meet corporate liquidity needs and preferred stock obligations, not as a signal to exit its Bitcoin strategy.➤ The company remains committed to its Bitcoin treasury policy, holding 843,706 BTC, and continues to manage its preferred stock (STRC) which influences Bitcoin demand.➤ The sale is notable as the first since 2022, highlighting the importance of STRC
XRP may be heavily bearish right now, as its price steadily falls toward the $1.30 mark due to the highly unfavorable market environment. However, several predictions suggest that this phase is simply temporary and the broader outlook is extremely bullish, with the potential of reaching unprecedented levels such as $11. XRP’s Probability To Hit Unprecedented Levels Grows Despite how bearish the Read More: You won’t believe what happens next… Click here!
Bitcoin’s June recovery on hold? ETF outflows, stablecoin drain say…Bitcoin faces headwinds from ETF outflows and weak seasonality, raising questions about whether stablecoin liquidity can drive a June rebound.➤ Bitcoin faces headwinds in June due to significant outflows from spot ETFs and historically weak seasonal performance.➤ A contraction in stablecoin market capitalization, including Tether, indicates a liquidity drain, further pressuring Bitcoin’s demand.➤ The combination of these f
BitMEX co-founder Arthur Hayes has predicted that the altcoin Hyperliquid will overtake Solana before this market cycle ends. The crypto founder has also reiterated his $150 price target for the HYPE token, predicting it will be reached by the start of the second half of the year. Arthur Hayes Predicts Hyperliquid Will Overtake Solana In Market Cap In an X post, Hayes opined that Hyperliquid Read More: You won’t believe what happens next… Click here!
Bitcoin’s biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbingU.S. spot bitcoin ETFs have suffered their largest and longest withdrawal streak on record, with investors pulling roughly $3.45 billion across 11 consecutive trading sessions as bitcoin slid toward $70,000, according to data provider SoSoValue.The 11-session run, which began May 15, marks the longest stretch of net redemptions since the funds debuted in January 2024, surpassing the eight-day…Bitcoin’s bigg
Japan’s ruling party has called for the creation of the long-awaited rules for crypto exchange-traded funds (ETFs) and promotion of yen-denominated stablecoins in the region in a new proposal to the government. Japan’s Ruling Party Pushes For Crypto ETF Rules On Monday, Japan’s Liberal Democratic Party (LDP) asked the government to develop a legal framework to allow crypto-based ETFs in the Read More: You won’t believe what happens next… Click here!
Bitcoin, XRP, and Solana Decline as LAB Posts Massive 24H GainWhat to KnowBitcoin, XRP, and Solana recorded losses as broader crypto markets weakened.LAB surged 68.2% and led all major gainers by volume.Several smaller altcoins outperformed despite declines among large-cap cryptocurrencies.The cryptocurrency market recorded mixed performance over the past 24 hours as several leading digital assets moved lower while LAB (LAB) delivered one of the…Bitcoin, XRP, and Solana Decline as LAB Posts Mass
Strategy sold 32 Bitcoin to pay dividends. The real risk is what happens if it has to sell moreBitcoin price has hit $70,000 after Strategy, the world’s largest publicly traded corporate holder of the top crypto, sold a portion of its BTC treasury for the first time since 2022.Data from CryptoSlate showed that BTC’s price dropped 4% on the news to as low as $69,690 before recovering to $70,120 as of press time. This is its lowest price level in six weeks.This price movement came as…Strategy sold
Massive $739M Bitcoin Transfer by Mt. Gox Raises New Market QuestionsWhat to KnowMt. Gox moved 10,422 BTC worth $739 million Tuesday morning.Arkham data shows transferred bitcoin remains unspent and unmoved.Mt. Gox still holds 34,504 BTC as repayments continue.Mt. Gox moved $739 million worth of bitcoin on Tuesday, raising new questions about the future of its creditor repayment process. The transactions marked the exchange’s first major wallet activity in…Massive $739M Bitcoin Transfer by Mt. G
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9iLW1hbi1ncm93dGgtZmFsbGluZy0xLmpwZw==.jpg" alt="Bitcoin price falls under $70K as crypto markets liquidate $800M" class="type:primaryImage"></p><p>Bitcoin fell to fresh two-month lows as BTC price weakness accelerated and analysis targeted its 200-day moving average trend line.</p>
Santiment says that “the gap between traditional equities and crypto has become increasingly difficult for traders to ignore.”
Grayscale proposed a fee of 0.29% on its Hyperliquid ETF, which “slightly undercuts” rivals 21Shares and Bitwise that carry respective fees of 0.3% and 0.34%, says analyst James Seyffart.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS1hdXN0cmFsaWFuLWV4cGVyaW1lbnRzLXdpdGgtY3J5cHRvLXRvbi5qcGc=.jpg" alt="TON jumps 15% as The Open Network plans rebrand to Gram" class="type:primaryImage"></p><p>Telegram founder Pavel Durov says it is “returning to our roots — and starting a new chapter” by rebranding Toncoin to Gram.</p>
Bitmine is aiming to hold 5% of the total circulating supply of 120.6 million Ether tokens and is about 90% of the way to its target after its latest purchase.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy90ZXh0LXJlcGxhY2VkLTEuanBn.jpg" alt="Strategy’s Bitcoin sale causes clash for $80M in Polymarket bets" class="type:primaryImage"></p><p>A clash has erupted among Polymarket users over the timing and disclosure of a recent Bitcoin sale by Strategy, with more than $80 million traded on the disputed outcome.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy90ZXh0LXJlcGxhY2VkLmpwZw==.jpg" alt="DeFi protocol Radiant to wind down after failing to recover from 2024 hack" class="type:primaryImage"></p><p>Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions.</p>
Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but early bullish positioning in BTC derivatives may signal the start of a recovery.