Bitcoin ETFs sucked up 2 months of BTC mining supply last week
[Jun 9 11:54 PM] In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.
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Bitcoin Price Resurgence: Ready for Another Upswing?
[Jun 9 10:17 PM] Bitcoin price stayed above the $68,500 support zone. BTC is now consolidating and might aim for a fresh increase above the $70,150 resistance. Bitcoin found support near $68,500 and started a decent recovery wave. The price is trading below $70,000…
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
[Jun 9 8:20 PM] Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in…
6 US Banks Face Moody’s Downgrade
Boomers hold the key to wealth, even in cryptocurrency
[Jun 9 4:57 PM] Baby boomers hold $68 trillion in assets in the United States alone. Will that cash continue trickling into cryptocurrency markets for the foreseeable future?
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
[Jun 9 1:38 PM] Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders…
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
[Jun 9 11:27 AM] Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in…
BNB, TON, FIL, and INJ can go much higher if Bitcoin price flips $69K
[Jun 9 10:05 AM] Bitcoin is trying to flip the $69,000 level into support, and if it does, BNB, TON, FIL and INJ may move higher.
Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
[Jun 9 7:22 AM] After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC)…
Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province
[Jun 9 6:20 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine…
FBI Warns of Rising Government Impersonation Scams Demanding Crypto
[Jun 9 12:36 AM] The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency payments. The FBI stressed that…
Ripple Teams Up With Clear Junction for GBP and EUR Payouts
[Jun 8 9:32 PM] Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple…
Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines
[Jun 8 8:31 PM] Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines…
Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One Hour
Blackrock’s IBIT Leads as US Spot Bitcoin ETFs Enjoy 19th Day of Inflows
[Jun 8 12:30 PM] U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to $168 million. Consistent Inflows…
Rising NFT Sales Highlight Market Recovery: $133M in Weekly Sales Recorded
[Jun 8 9:50 AM] During the week of June 1-8, 2024, non-fungible token (NFT) sales experienced an increase compared to the previous week. NFT sales reached $133.19 million, a rise of 7.51%. NFT Market Gains 7.51% This Week This week’s NFT sales showed a 7.51%…
Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations
BTC’s ‘Strange’ Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital
Liberty Dollar vs. Bitcoin: Why the US Government Shut Down One but Not the Other
[Jun 8 4:30 AM] The U.S. government successfully shut down the Liberty Dollar, a private currency created by Bernard von NotHaus, while Bitcoin, established by the mysterious Satoshi Nakamoto, continues to thrive outside governmental control. This discrepancy…
BTC price settles at $69K after dip wipes $1.3B Bitcoin open interest
[Jun 8 1:12 AM] Bitcoin lingers lower following a “doubly strange” U.S. trading session, with BTC price support in question.
Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison
[Jun 7 11:31 PM] Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities…
Is A Bitcoin Crash Below $50,000 Still Possible? Crypto Analyst Shares The Possibilities
[Jun 7 8:30 PM] The Bitcoin price has stalled after hitting the $71,000 level, floating in what is essentially a limbo of indecisiveness. Naturally, periods like these act as a predecessor to a massive move, but what direction the price might be headed in is…
70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says
[Jun 7 7:33 PM] A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’…
Bitcoin & Ethereum On “Path To Acceleration,” CryptoQuant Explains Why
[Jun 7 7:00 PM] The on-chain analytics firm CryptoQuant has explained why Bitcoin and Ethereum have recently appeared to be on a path towards acceleration. Bitcoin & Ethereum Are Looking Bullish In On-Chain Metrics In a new thread on X, the official…
Bitcoin’s Stubborn Stand Below $100K: What’s Holding It Back?
New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants
[Jun 7 5:16 PM] New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies…
Claims Against Collapsed South African Bitcoin Investment Firm Rise to $84.5 Million
[Jun 7 2:49 PM] Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is…
Bitcoin Dips Below $70K, Reaches $68,450 Low, $86M in BTC Longs Liquidated
[Jun 7 1:48 PM] The price of bitcoin fell on Friday afternoon after spending several days above the $70,000 mark. The value dropped to $68,450 on Bitstamp, currently down $1,700 from its intraday high. Bitcoin’s Sudden Drop Impacts Entire Crypto Economy…
Trump Positions Himself as the "Crypto President" at San Francisco Fundraiser
[Jun 7 1:09 PM] President Donald Trump showcased his support for the Bitcoin and cryptocurrency industry again at a high-profile fundraiser in San Francisco on Thursday. Hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks' Pacific…