Bitcoin Declines in May but Rallies for June
@MicroStrategy’s recent sale of 32 $BTC sparked a dispute on Polymarket, with UMA token holders ruling against bettors who claimed the sale occurred by May 31. #Update #Crypto $BTC
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Bitcoin Offers 9.5% Yield in Preferred Stocks
@BitMineImmersion is launching a $300M preferred stock offering with a 9.5% annual dividend as it seeks funding amid crypto market pressures, controlling 4.5% of $ETH supply #Update #Crypto $ETH
Bitcoin Treasury Risks Highlight SpaceX’s $75B IPO
@SpaceX plans a $135 IPO to raise $75 billion, potentially impacting crypto markets. The firm holds 18,712 BTC valued at $1.29 billion, offering indirect bitcoin exposure through shares. #Update #Crypto $BTC
Bitcoin Loses Momentum Trade Amid Saylor Speculation
Bitcoin’s recent price struggles at $65,929.49 are attributed to a loss of momentum rather than Michael Saylor’s selling, as investors shift focus to AI and precious metals. #Update #Crypto $BTC
DeFi Launches New Crypto Campaign Funding Option
@DefendDevelopersPAC, a new hybrid political action committee, aims to raise six figures to support pro-crypto incumbents in key midterm races, focusing on legal protections for developers. #Update #Crypto
Bitcoin Impacts American Consumers Spending Habits
The U.S. Senate Banking Committee advanced the Digital Asset Market CLARITY Act, aiming to clarify digital asset regulations, amid banking lobby pushback against consumer rewards, impacting 68.5M crypto users. #Update #Crypto $BTC
Senate Approves Clarity Act Amid Crypto Debate
The Digital Asset Market Clarity Act has been formally submitted to the Senate, but time is limited with eight weeks until summer recess and competing legislative priorities. #Update #Crypto $BTC
Bitcoin Adoption Soars as Banks Embrace Digital Assets
@ZodiaCustody CEO Julian Sawyer emphasized that every bank will need to hold digital assets as Standard Chartered’s acquisition progresses, merging its custody operations with Zodia by August. #Update #Crypto $BTC $ETH
Bitcoin Fair Value Hits $224K Hedge
Bitwise’s report estimates bitcoin’s fair value at $224,000 as a hedge against G20 sovereign defaults, citing rising bond yields and potential monetary policy shifts. Bitcoin trades near $66,300. #Update #Crypto $BTC
Bitcoin Worth $1.78 Million Cashed In
A physical bitcoin from the 2011-2013 @Casascius mint was redeemed, transferring 25 BTC worth $1.78 million to a new wallet, impacting its collectible status. #Update #Crypto $BTC
AI Data Center Launches 800MW in Australia
@IREN_Ltd shares rose over 4% pre-market after announcing an 800MW data center in South Australia, expected to create 500+ jobs by 2028. #Update #Crypto $IREN
Kraken Launches Tokenized IPO Access for Investors
@Payward will enable Kraken users to buy into U.S. IPOs via tokenized shares, allowing access at IPO prices. First offerings expected soon as demand for high-profile IPOs grows. #Update #Crypto $BTC
Bitcoin Struggles Without New Investors Says Citi
@MicroStrategy’s recent sale of $BTC impacted market sentiment, but Citi views it as part of a tax strategy, noting negative ETF flows and diminishing chances for U.S. crypto legislation. #Update #Crypto $BTC
Bitcoin Cash Plummets 10.7% Dragging Index Down
The CoinDesk 20 Index is at 1862.4, down 0.6%. Leaders include $NEAR (+15.1%) and $XLM (+5.7%), while $BCH (-10.7%) and $BNB (-3.4%) lead the decline. #Update #Crypto $BCH