Bitcoin.com - U.S. spot bitcoin exchange-traded funds (ETFs) recorded $326 million in net outflows on June 5, while U.S. spot ether ETFs lost $5.97 million. The fresh redemptions resumed selling pressure barely a day after both products had snapped long outflow streaks. Outflows Return After a Brief Reprieve Spot ETFs are regulated funds that hold bitcoin or […]
cryptoDNES - TRX listed on Bitnomial, a CFTC-regulated exchange, marking a major milestone for TRON's institutional growth and regulatory compliance in the U.S. market. The post TRX Hits Bitnomial: TRON Expands Regulated U.S. Access appeared first on CryptoDnes EN.
Bitcoin.com - The SEC has declared effective the registration statement tied to Securitize’s planned merger with Cantor Equity Partners II. If shareholders approve the deal, the tokenization firm is expected to list on the NYSE under the ticker SECZ. Securitize Expands Wall Street Tokenization Push as SEC Clears SPAC Deal Securitize is a step closer to becoming […]
CryptoPotato - The Casascius coin that was redeemed within the week was created in December 2011 alongside thousands of other coins.
U.Today - Zcash fell to a low of $250 following a two day drop before rebounding. Zcash fell to a low of $250 following a two day drop before rebounding.
BeInCrypto - Galaxy's Alex Thorn cut 2026 Clarity Act passage odds to 60%, blaming a compressed Senate calendar over the bill's substance. The post Senate Calendar Crunch Forces Galaxy to Cut Clarity Act Odds by 15% appeared first on BeInCrypto.
DailyHODL - Two of the largest beef processors in the US are preparing to pay $87.5 million to settle allegations that they worked together to raise the price of beef. According to the official settlement website, Tyson Foods and Cargill have agreed to settlements resolving claims brought by consumers who indirectly purchased certain beef products. The lawsuit […] The post Food Giants Tyson and Cargill Paying $87,500,000 To Customers, Settling Accusations of Collusion and Price Fixing appeared first on The Daily Hodl.
TheCurrencyAnalytics - Strategy sold 32 bitcoins last Monday. Not thousands. Not hundreds. Thirty-two. To finance dividends on its preferred shares. It’s a… Read the original on Strategy Sells 32 Bitcoins for Dividends, Surprising the Market. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - The US House Ways and Means Committee is holding a digital asset taxation hearing on Tuesday with seven discussion draft bills already circulated — covering stablecoins, staking, mining, and a potential de minimis reporting exemption that crypto industry advocates have been pushing for years. Simultaneously, Illinois has passed a 0.2% broker tax on crypto transactions that is one governor's signature away from becoming law — prompting industry pushback over a rule buried inside a 1,624-page budget bill with no stakeholder engagement. What the House hearing covers The seven discussion draft bills circulated ahead of the hearing chaired by ...
Cryptopolitan - Joseph Lubin, one of the co-founders of Ethereum, disposed of an Ethereum wallet holding 80,001 ETH valued at around $121.6 million in value. The move was made after more than three years of no activity on the wallet. Lookonchain data revealed that the wallet with address 0x1b3Cb81E51011b549d78bf720b0d924Ac763A7C2 held a total balance of 243,300 ETH valued...
Bitcoin.com - Kick co-founder Ed Craven told a gambling streamer that the platform’s Kick Partner Program does not reward viewership from Slots or Casino streams, urging him to broadcast other categories instead. The reply is a rare on-record acknowledgment from the Stake and Kick co-founder that the program excludes the gambling content the platform is known for. […]
Binance News - Google has agreed to an $8.25 million class action settlement over allegations that Google and AdMob collected personal information from children under 13 without parental consent. According to NS3.AI, the class includes U.S. residents under 13 who used a Google Play app at any time between April 1st, 2015, and the present. The report said claims must be filed by September 14th. A final approval hearing is scheduled for September 24th.
Binance News - China's top securities regulator urged the fund industry to support domestic innovation while warning against excessive speculation and concept hype. According to RTHK, China Securities Regulatory Commission (CSRC) chairman Wu Qing told a conference on Saturday that regulators will emphasize fairness and standardization, prevent abuse of technological advantages, and crack down on illegal activities such as market manipulation. Wu said China’s emerging and future industries need capital support, and called on the fund industry to focus on national strategies while improving global competitiveness and resilience to external shocks. His remarks followed ...
CoinPaprika - Strategy sold 32 bitcoin between May 26 and May 31 for approximately $2.5 million, disclosing the transaction in a Form 8-K filed June 1. The sale was the company's first disclosed net bitcoin disposal since December 2022 and will fund dividend distributions on its STRC perpetual preferred stock.
Binance News - Despite online speculation that retail traders sold bitcoin to buy into SpaceX’s IPO, exchange and stablecoin flow data show no abnormal cashing out from crypto markets, according to CoinDesk. SpaceX is seeking $75 billion at a $1.8 trillion valuation and is directing up to 30% of shares to retail via Robinhood, Fidelity and Charles Schwab. CoinDesk said the clearest crypto outflows were from spot bitcoin and ether ETFs, which saw record multi-session redemptions totaling about $4.4 billion before modest inflows resumed. SpaceX prices on June 11 and lists on the Nasdaq under ticker SPCX the next day.
DailyHODL - Fundstrat strategist Mark Newton says declining crude oil prices are helping drive strength in several sectors that have lagged the broader stock market. In a new interview on the Fundstrat YouTube channel, Newton says the recent improvement in a number of consumer and transportation stocks has coincided with weakness in crude oil, creating opportunities outside […] The post Fundstrat Strategist Mark Newton Recommends Two Sectors to Investors Looking To Diversify From ‘Overbought’ Tech Stocks appeared first on The Daily Hodl.
BeInCrypto - Arthur Hayes dumped WLD days after promoting it, drawing accusations he built exit liquidity for his own crypto followers. The post Arthur Hayes Sparks Fury After Abrupt Worldcoin Exit, WLD Price Falls 10% appeared first on BeInCrypto.
Cryptopolitan - Outflows from US spot Bitcoin exchange-traded funds went on to hit $326 million on June 5. This marks an extension of a devastating trend that has seen billions pulled from the investments to leave them with a total of just $75.1 billion in assets under management. It is seen as an even wider reversal that...
Binance News - Turkey’s Presidential Communications Directorate has registered the ENS domain cbiletisim.eth and published official materials to IPFS, referencing them through the ENS name to support a decentralized and verifiable public information structure. According to Foresight News, the setup is intended to allow publications to be verified and retrieved directly on-chain by any user in the future.
CryptoSlate - Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the biggest platforms are finding a lucrative new source of volume in Wall Street-style bets on gold, silver, oil, stocks, and indexes. According to a CryptoQuant report shared with CryptoSlate, the shift is emerging during one of the weakest trading periods for […] The post Crypto exchanges are losing retail traders but are filling the gap with Wall Street-style bets appeared first on CryptoSlate.
TheCurrencyAnalytics - This week the builder spotlight lands on Zcash, which rolled out a protocol enhancement centered on shielded transaction features. The… Read the original on Zcash Ships Shielded Upgrade Highlighting Builder Momentum. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin.com - Polymarket has accused its archrival Kalshi of corporate espionage, alleging in a New York Post report that the federally regulated exchange serially copied its product launches and may be watching its SoHo offices. The crypto-native platform says it opened an internal probe and kept a dossier of suspicious incidents, and even tinted its windows. Kalshi […]
DailyHODL - Billionaire investor and legendary hedge fund manager Stanley Druckenmiller is pouring millions of dollars in four stocks that have more than tripled in value in under half a year. According to SEC filings, Druckenmiller’s family office, Duquesne Family Office, invested approximately $68.15 million in the first quarter in four stocks that have each gone up […] The post Billionaire Stanley Druckenmiller Pours $68,150,000 Into Four Stocks That Have Each Exploded 200%+ Year-to-Date appeared first on The Daily Hodl.
cryptoDNES - Greece is set to introduce a 15% tax on cryptocurrency capital gains, aligning with EU MiCA regulations and ending years of legal uncertainty for investors. The post Greece Proposes 15% Crypto Tax to Align with EU Standards appeared first on CryptoDnes EN.
Binance News - Huasheng Securities told clients that starting from June 15, mainland China existing investor accounts will be unable to open new positions or add to existing holdings. According to NS3.AI, the change applies to existing accounts held by mainland China investors. The adjustment also suspends inbound transfers of funds and securities. Outbound transfers will remain available as normal.
TheCurrencyAnalytics - Greece wants a cut of crypto profits. The country’s Finance Ministry is drafting legislation to hit cryptocurrency gains with a… Read the original on Greece Plans 15% Crypto Capital Gains Tax to Plug Growing Revenue Hole. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Cryptopolitan - A Unitree G1 humanoid robot kicked a child in the stomach during a demo in China. The child wasn't seriously hurt, but the incident raises safety questions.
TheCurrencyAnalytics - Polymarket’s chief marketing officer moved more than $2.5 million through a personal PayPal account. Not a company account. A personal… Read the original on Polymarket CMO Routed $2.5M Through Personal PayPal to 800-Plus Recipients. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin.com - An XRP-denominated fixed-term yield market on the Flare Network recently completed a liquidity rollover with zero market interruption. Metavault Architecture Eliminates Operational Friction An XRP-denominated, fixed-term yield market on the Flare Network has successfully executed a seamless liquidity rollover without market interruption, representing a notable structural advance for decentralized fixed-term financial primitives. Overnight from June […]
Cryptopolitan - A group of hackers, named JINX-0164, has been contacting crypto devs via LinkedIn and inviting them to fake meetings that infect of their machines with malware.
Binance News - USDT’s market capitalization has surpassed Ethereum’s, moving USDT to second place in the cryptocurrency market-cap rankings. According to Odaily, market data showed USDT’s market cap at about $187.034 billion, compared with Ethereum’s about $184.423 billion as of press time.
BeInCrypto - Bitcoin sits 125 days from a cycle bottom three charts place in the $40,000s by Q4 2026, if history repeats. The post Bitcoin Has 125 Days Until the Real Bottom, Charts Warn appeared first on BeInCrypto.
TheCurrencyAnalytics - A flaw in Zcash let someone mint fake coins. Nobody could tell. That’s the kind of sentence that keeps crypto… Read the original on Zcash Counterfeiting Bug Exposes the Hidden Cost of Privacy Coins. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - Bitdeer mined 205.3 BTC and sold 205.3 BTC during the week ending June 5, resulting in no net change in its Bitcoin position. According to NS3.AI, the company’s sale matched its weekly production, leaving Bitdeer with a net increase of 0 BTC. The update also indicated Bitdeer ended the period with zero Bitcoin holdings.
Cryptopolitan - A malware named IronWorm spread through 36 npm packages in the Arweave ecosystem, stealing developer credentials and self replicating via GitHub commits.
Binance News - Strategy (MSTR) CEO Le Phong sold 93,738 shares on June 5 at an average price of $118.73 per share, according to an SEC disclosure. According to ChainCatcher, the transaction totaled about $11.13 million, and his directly held shares fell to 138,620 after the sale. On the same day, CFO Andrew Kang sold 33,062 shares at the same average price of $118.73 per share. The filing shows the sale totaled about $3.93 million, reducing his direct holdings to 75,283 shares.
Binance News - Robinhood executives and a board director reported multiple stock transactions dated June 3, according to U.S. SEC disclosures. According to ChainCatcher, the filings show sales by the company’s general counsel and chief brokerage officer, alongside a large share purchase by a director. General Counsel Daniel Martin Jr Gallagher sold 10,000 shares at an average price of $83.68 per share, reducing his holdings to 481,396 shares. Chief Brokerage Officer Steven M. Quirk sold 10,837 shares at an average price of $85.91 per share, reducing his holdings to 81,989 shares. ...
Binance News - FlashRescue co-founder DarcyAri said on X that JuCoin’s official proof-of-reserves (PoR) contains falsified information and does not constitute proof of solvency for real third-party public-chain assets. According to PANews, JuCoin claims total reserves of $511 million with a 123.81% reserve ratio, covering six assets: USDT, BTC, ETH, USDC, BNB, and SOL. DarcyAri said CoinMarketCap links all six of these assets to the same JuChain address. He added that the “USDT” and “USDC” on JuChain are ERC-20 tokens deployed by the project team that can be minted at will, and have no cross-chain bridge relationship with real stablecoins issued by Tether or ...
Binance News - On-chain analyst Yujin said Strategy is sitting on a $12.456 billion unrealized loss, while Bitmine has a $10.362 billion unrealized loss. According to NS3.AI, Yujin estimated the decline rates at 19.5% for Strategy and 54.9% for Bitmine. The figures were presented as an on-chain assessment of the two firms’ positions, highlighting a larger percentage drawdown for Bitmine than for Strategy.
Cryptopolitan - Japan's Digital Minister says the country could turn into an "AI colony" because of a controversial bill that would let developers train AI on personal data.
TheCurrencyAnalytics - Ripple’s CTO just put a lot on the table. David Schwartz laid out a sweeping development roadmap for the XRP… Read the original on Ripple CTO David Schwartz Lays Out XRP Ledger’s Biggest Upgrade Push Yet. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - Arkham said the Bhutanese government transferred 738 BTC worth approximately $45 million to a newly created external wallet. According to NS3.AI, the government is known to have gradually sold 9,180 BTC over the past 11 months.
Cryptopolitan - S&P Dow Jones Indices said on June 5 that Marvell Technology will replace Pool Corp in the S&P 500 on June 22. The move shows how surging AI demand is reshaping the world’s most-followed equity index and redirecting billions in passive investment. In its latest quarterly earnings report, the semiconductor firm cleared the GAAP profitability...
Binance News - Serenity, described as a “new stock god,” said in a post on X that JPMorgan Chase significantly increased its holdings in Sivers (SIVE), with the bank’s stake rising from 0.4% last month to more than 5% this month. According to Odaily, Serenity said they had previously emphasized to retail investors and Swedish hedge funds the importance of Sivers to the co-packaged optics (CPO) industry chain, but the market did not fully recognize this view. Serenity added that after many retail investors were shaken out of their positions, JPMorgan increased its Sivers holdings, and the latest buying was ...
TheCurrencyAnalytics - The market just shed $200 billion. And the loudest Bitcoin voices? Pretty much unbothered. Mati Greenspan and Michael Saylor both… Read the original on Bitcoin Loses $200 Billion but Its Biggest Believers Aren’t Selling. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - Iran’s Islamic Revolutionary Guard Corps issued a statement saying that if what it described as U.S. “troublemaking” continues, the United States would be responsible for the consequences arising from a complete closure of the Strait of Hormuz and disruptions to oil and gas exports. According to Odaily, the statement linked potential outcomes to continued U.S. actions, without providing further details.
Cryptopolitan - Senior White House officials and major AI companies, including OpenAI, have held preliminary talks about the U.S. government acquiring equity and potentially purchasing stakes in AI firms, according to a NOTUS report. The discussions between the Trump admin and these AI firms could reshape how Americans share in AI’s financial upside in the long term...
TheCurrencyAnalytics - Gold used to be the boring one. The asset you held when everything else was on fire. But Robin Brooks,… Read the original on Economist Robin Brooks Says Gold Is Behaving Like Bitcoin Now. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - Arthur Hayes said in a post on X that he has sold all of his WLD holdings. According to Odaily, Hayes said he made the decision after observing what he described as “unusual” behavior in the SPCXUSD chart, without providing further details.
Cryptopolitan - Amazon's upgraded Proteus warehouse robot takes voice commands and roams entire fulfillment centers. European rollout starts 2027 as part of €10B investment.
Binance News - Bitcoin maximalists said the nearly 17% weekly slide that wiped about $200 billion from bitcoin’s market cap reflects a temporary liquidity crunch as capital rotates into artificial intelligence, not a loss of faith in BTC. According to CoinDesk, Mati Greenspan of Quantum Economics and Strategy (MSTR) Chairman Michael Saylor pointed to U.S. spot bitcoin ETF outflows and heavy AI funding, while Jameson Lopp cited an AI boom in TradFi. Critics also flagged high rates and Strategy’s sale of 32 BTC for $2.5 million to fund STRC dividends; Strike CEO Jack Mallers urged buying the dip.
Cryptopolitan - SpaceX is primed to receive a whopping $920 million per month from Google, so the latter can make use of its AI cloud computing facilities, according to an SEC filing today. This gives Elon Musk’s rocket, AI, and satellites company another major cloud customer weeks before its planned IPO. The agreement runs from October 2026...
Binance News - The Illinois state legislature has passed a fiscal year 2027 budget that includes a provision to levy a 0.2% tax on cryptocurrency transactions, to be collected by digital asset brokers. According to ChainCatcher, the measure is described as a “privilege tax” and is part of an amendment to the Digital Asset Privilege Tax Act, which would also require any digital asset broker operating in Illinois to register. Starting January 1, brokers that fail to comply could be charged with a Class 3 felony, facing two to five years in prison and fines of up to $25,000. ...
Binance News - U.S. President Donald Trump said on the 5th at a campaign event in Wisconsin that he would quickly end the war with Iran to remove what he described as a major factor behind high prices. According to Odaily, U.S. public opinion broadly holds that the U.S.-Iran war has pushed up oil prices and increased living costs as the midterm elections approach, adding pressure to Republicans’ electoral prospects.
Binance News - A Polymarket prediction market for “NBA Finals G2 Spurs vs. Knicks” saw a smart-money address with cumulative profits of more than $1.6 million buy $150,000 worth of shares backing the Spurs to beat the Knicks. According to Odaily, the address 0x93abbc022ce98d6f45d4444b594791cc4b7a9723 opened the position at an average price of 68¢ and was showing an unrealized loss of $1,100. The reported Spurs starters were Vassell, Champagnie, Wembanyama, Castle, and Fox, while the Knicks starters were Hart, Anunoby, Towns, Bridges, and Brunson. ...
Binance News - Holdings in SPDR Gold Trust, the world’s largest gold ETF, fell by 5.223 tons from the previous day to 1,019.921 tons. According to Jin10, the latest data showed the fund’s total holdings at 1,019.921 tons after the daily decline.
BeInCrypto - Tyler and Cameron Winklevoss back Zcash formal verification as the fix for shielded pool bugs after ZEC's sharp selloff. The post Winklevoss Twins Back Zcash After Security Bug Scare appeared first on BeInCrypto.
Cryptopolitan - Bitcoin broke under $60,000 on Friday, and the market did not exactly take it like adults in a room. The biggest crypto asset was trading around $59,911, down about 6% on the day and 18.7% for the week. This saw the price of Bitcoin falling to its lowest level since 2024 and by 52% from...
Binance News - Morgan Stanley Wealth Management agreed a referral arrangement with Galaxy Digital that lets eligible clients lend crypto in exchange for shares in spot crypto exchange-traded products, including the Morgan Stanley Bitcoin Trust (MSBT). According to BeInCrypto, clients can lend assets such as Bitcoin (BTC), Ether (ETH) or Solana (SOL) to Galaxy, which coordinates an in-kind creation so ETP shares are delivered to the client’s account without selling the crypto. Galaxy will cut its lending minimum for Morgan Stanley referrals to $5 million from $25 million, and onboarding may shrink by up to 75% in some cases.
TheCurrencyAnalytics - Bitcoin whales are back on the bid. Large holders have shifted to supporting a price recovery, but analysts watching the… Read the original on Bitcoin Whales Buy the Dip but Two Key Premium Signals Stay Dark. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
BeInCrypto - Morgan Stanley clients can lend Bitcoin to Galaxy for spot crypto ETP shares, with lower minimums and faster onboarding. The post Morgan Stanley Opens New Crypto-to-ETF Path With Galaxy Digital appeared first on BeInCrypto.
TheCurrencyAnalytics - Bitcoin is tired. Or at least, the people selling it might be. The price has been grinding down toward $60,000… Read the original on Bitcoin Hovers at $60,300 as Sellers Show Signs of Running Out of Steam. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
CoinTelegraph - Among the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.
U.Today - Ripple’s David Schwartz laid out an ambitious roadmap for the XRP Ledger. Ripple’s David Schwartz laid out an ambitious roadmap for the XRP Ledger.
Binance News - The S&P 500 index ended its run of gains after rising for nine consecutive weeks. According to ChainCatcher, the update was reported by Jin10.
Binance News - U.S. Middle East envoy Witkoff and Kushner traveled Thursday to the national laboratory in Oak Ridge, Tennessee, to consult with a team of technical experts that could play a role in nuclear negotiations with Iran. According to Odaily, the White House is seeking to reach a memorandum of understanding (MOU) with Iran to end the conflict and begin in-depth nuclear talks, and wants experts on standby when negotiations start. U.S. officials involved in mediation and regional sources said the United States and Iran still disagree on several details of the MOU. Sources described the ...
CryptoPotato - The chances of a dump below $1.00 are quite high, said the AI, after the recent rejection.
Binance News - ARK Invest founder Cathie Wood said the biggest IPO opportunity now arrives before a company ever lists, as firms stay private longer and investors miss the steepest growth. According to BeInCrypto, Wood framed SpaceX’s record filing as the start of a wider late-stage pipeline, and said ARK’s Venture Fund holds six private companies it expects to list. ARK said the median US company now waits 12 years to go public, up from five years in 1999, citing data also tracked by University of Florida professor Jay Ritter. Wood pointed to OpenAI, Anthropic and Databricks as examples of firms reaching scale while private.
Binance News - The U.S. Commodity Futures Trading Commission said speculative net long positions in COMEX gold futures increased by 14,409 contracts to 111,341 contracts in the week ended June 2. According to Jin10, the figures reflected positioning data reported by the CFTC for that period.
Binance News - Securitize, the tokenization specialist behind BlackRock’s BUIDL fund, could begin trading on the New York Stock Exchange after the SEC approved its merger registration, according to CoinDesk.
Binance News - The Philadelphia Semiconductor Index fell nearly 9% during afternoon trading in the U.S. stock market. According to Jin10, the decline occurred intraday in the afternoon session.
Binance News - U.S. consumer credit rose by $20.73 billion in April, compared with an expected $18.0 billion. According to Jin10, the prior reading was revised to $22.23 billion from $24.855 billion.
Binance News - SpaceX said Google will retain ownership of its artificial intelligence models and related data. According to Jin10, SpaceX made the statement without providing additional details.
Binance News - Odds on Polymarket for the “Yes” outcome in the “Philadelphia Eagles” sub-market tied to the “Maxx Crosby 2026 destination” event rose sharply to 26.45%, up from 8.9% one hour earlier. According to ChainCatcher, the move represents a 17.55 percentage-point swing over the past hour, based on Catcher Predict monitoring. The report did not provide a reason for the sudden change in market pricing.
Binance News - SpaceX said Google can terminate a GPU-related agreement if computing resources are not delivered by local time Sept. 30, 2026, after a one-month grace period. According to Jin10, SpaceX said the termination right would apply if the delivery deadline is missed and the grace period has elapsed.
Binance News - An SEC filing showed that SpaceX signed a cloud services agreement with Google on local time 2026年6月5日 to obtain computing power support. According to Jin10, the filing indicated the agreement was aimed at securing additional compute capacity.
Binance News - Spot gold gave back all gains made this year after U.S. employment data strengthened market expectations that the Federal Reserve will raise interest rates. According to Jin10, the shift in expectations followed the release of the U.S. jobs figures, which reinforced bets on further Fed tightening.
CryptoPotato - Saylor said that Bitcoin's strength lies in serving multiple constituencies without belonging to any single ideological group or force.
Binance News - Meta Platforms is considering a large-scale equity financing after reaching a major deal with Google, the Financial Times reported. According to Jin10, Meta may sell tens of billions of dollars worth of new shares to fund its artificial intelligence infrastructure.
CoinTelegraph - Eligible users in more than 110 markets can register for tokenized SpaceX equity ahead of the company's highly anticipated public listing.
CoinTelegraph - The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.
Decrypt - BitMine is borrowing from Strategy’s Bitcoin playbook, debuting its own preferred share in an upsized offering to raise funds to buy Ethereum.
Binance News - U.S. stocks fell Friday after a stronger-than-expected May jobs report pushed Treasury yields higher and traders fully priced a Fed rate hike by December. According to BeInCrypto, May payrolls rose 172,000 versus about 80,000 expected, unemployment held at 4.3%, and the 10-year yield jumped to about 4.54%. The S&P 500 dropped 1.69% to 7,457 as a Broadcom-led chip selloff weighed on tech; Nasdaq fell 2.82% while the Dow rose 0.75%. Broadcom (AVGO) slid after guiding Q3 AI revenue to $16 billion, below the $17.2 billion expected, dragging Nvidia (NVDA), AMD and Intel (INTC) lower.
Binance News - Strategy disclosed that it sold 32 Bitcoin, marking its first reported BTC liquidation outside a 2022 tax-related transaction. According to NS3.AI, Capital B has asked shareholders to approve a $122 billion fundraising mandate intended to support future Bitcoin purchases. The proposal is set to be considered at Capital B’s June 17 shareholder meeting.
CoinTelegraph - Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
Binance News - The U.S. House Ways and Means Committee is circulating seven draft crypto tax bills ahead of a June 9 hearing, including proposals to provide relief for small transactions and reduce tax burdens tied to mining and staking. According to CoinDesk, the drafts also address stablecoin activity and network fees, apply wash sale rules to crypto, align digital assets with existing securities tax treatment, and remove an appraisal requirement for certain digital-asset charitable donations. Digital Chamber CEO Cody Carbone said he welcomed the hearing and would work with the committee to refine the proposals.
Binance News - Elon Musk planned to introduce SpaceX’s Terafab chip initiative to employees at Europe’s largest technology company. According to Jin10, Business Insider reported that the project was being viewed as a major technological bet by SpaceX in the field of AI computing power.
Binance News - A leveraged on-chain whale was liquidated for 15,042 ETH to repay 22.15 million USDT, according to on-chain analyst Yu Jin. According to Odaily, the liquidation was identified through Yu Jin’s on-chain monitoring.
Binance News - DeXe (DEXE), JUST (JST) and Audiera (BEAT) posted gains even as a sharp crypto market sell-off this week dragged most major tokens lower. In technical analysis, according to BeInCrypto, DEXE traded near $20, up about 8% in 24 hours after a four-year high close to $24, while JST was near $0.080, up about 8% after falling roughly 20% on June 3 and rebounding from support near $0.075. BEAT traded near $1.60, up about 13% after breaking out on May 22, with targets cited around $2 and $2.43.
Binance News - Tesla said it delayed a demonstration of its Roadster sports car to August. According to Jin10, The Information reported that the demonstration is intended to showcase a cold gas thruster system developed through a collaboration between Tesla and SpaceX.
Binance News - Bitwise Chief Investment Officer Matt Hougan said that despite strong U.S. employment data, not only cryptocurrencies but nearly all asset classes are broadly weakening, while value-style sectors have shown relatively firm performance. According to Odaily, Hougan wrote that market sentiment includes concerns that several large upcoming technology IPOs could mark a temporary peak in the current phase of the tech stock rally. He said this sentiment may continue to build over the next few weeks, but added ...
Binance News - A potential agreement between the United States and Iran may hinge on whether the United States agrees to release $24 billion in frozen Iranian assets. According to Odaily, CNN reported that the possible deal depends on U.S. consent to unfreeze the funds.
CoinTelegraph - Michael Saylor’s essay calls for Bitcoin to expand through banks, credit, securities and higher layers while preserving its base layer.
cryptoDNES - The House Ways and Means Committee introduces seven draft bills to overhaul US crypto taxation, targeting stablecoins, staking, and wash sale rules. The post US House Proposes Major Crypto Tax Overhaul with Seven Bills appeared first on CryptoDnes EN.
CryptoSlate - The May payrolls beat was hawkish enough to pressure crypto, while government hiring and cooler yearly wage growth keep the second interpretation from being one-way. The post Bitcoin price craters to $60,000 as BTC bulls get jobs report they were hoping to avoid appeared first on CryptoSlate.
Binance News - Securitize said the U.S. Securities and Exchange Commission declared effective its Form S-4 registration statement for the company’s planned merger with a special purpose acquisition company. According to NS3.AI, a special shareholders’ meeting to approve the merger is scheduled for June 29. If shareholders approve the deal, Securitize Corp. is expected to trade on the New York Stock Exchange under the ticker SECZ.
Binance News - S&P Dow Jones Indices has delivered a surprise ruling: SpaceX will not be fast-tracked into the S&P 500, and the index's eligibility criteria are not changing. Despite Nasdaq, FTSE Russell, and Morningstar CRSP all rewriting their rule books to accommodate the incoming wave of mega-IPOs, S&P Dow Jones has declined to follow — leaving the world's most influential equity index operating under the same standards it always has. What S&P Dow Jones decided Following its consultation on the treatment of MegaCap companies, S&P Dow Jones Indices stated: "No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, ...
Binance News - U.S. Energy Secretary Wright said the United States will replenish the Strategic Petroleum Reserve with 40 million barrels of crude oil after the Iran conflict ends. According to Odaily, Wright made the remarks in comments reported by Fox News.
Binance News - Federal Reserve official Beth Hammack said a near-term interest rate hike may be appropriate if recent trends continue. According to NS3.AI, Hammack said the labor market appears roughly balanced and that the unemployment rate remains at 4.3%. Hammack also said it is reasonable to keep interest rates steady for now because the economic outlook remains uncertain.
Binance News - Hong Kong Gold Industry Group (02623.HK) issued a clarification announcement addressing an online article about the company’s 10-year development strategy plan. According to Jin10, the company said the net profit target mentioned in the article was not based on any expected or estimated financial performance for any financial period, and it does not constitute a profit forecast under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The company added that achieving the net profit target is subject to a wide ...