The Blockspace Singularity
[Jun 5 10:00 AM] One of crypto's biggest flaws – a lack of mainstream use – could be going away.
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Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers
[Jun 5 9:16 AM] DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the…
Bitcoin Like A Spring Waiting To Uncoil, Analyst Explains Why
[Jun 5 9:00 AM] An on-chain analyst has explained how Bitcoin is sitting like a coiled spring right now, a state the asset doesn’t usually stay in for too long. Bitcoin Short-Term Holder Sell-Side Risk Ratio Has Declined Recently In a new post on X, analyst…
Meme Coin Market Rises 4.6% With Presidential Meme Token BODEN Leading the Pack
[Jun 5 8:35 AM] With bitcoin exceeding $70,000 on Wednesday, the leading meme coins experienced notable increases over the last 24 hours. Shiba inu (SHIB) advanced 7.7% in the past day, while dogecoin (DOGE) rose 2.1%. Among the top five meme coins by market…
US Spot Bitcoin ETFs Record Second-Highest Inflows at $886.6M, Led by Fidelity’s FBTC
[Jun 5 8:10 AM] On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $886.6 million, with Fidelity’s FBTC leading, capturing $379 million on…
Bitcoin Volatility Reaches Historic Low: Calm Before A 500% Bullish Storm?
[Jun 5 7:33 AM] Bitcoin price is back trading above $70,000 after weeks of sideways price action. The recent boredom and sideways grind, however, isn’t necessarily a bad thing. In the past, such lulls in volatility have preceded the top…
Bitcoin Must Hit $84,740 to Match Silver’s Market Cap, Over $800,000 to Surpass Gold
HRF Grants 10 BTC To Worldwide Projects Advancing Bitcoin
[Jun 5 7:00 AM] Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants at the Oslo Freedom Forum, per a press release sent to Bitcoin Magazine.10 bitcoin, currently worth $704,740 at the time of writing, is…
SEC Closing Salt Lake Regional Office After Failed Legal Battle Against Crypto Firm
[Jun 5 6:31 AM] The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10…
Crypto Expert Reveals Top 3 Trades To Take Now
[Jun 5 6:30 AM] In a video update, Miles Deutscher, a widely followed crypto expert, provided his 502,800 followers on X with an in-depth analysis of the current market conditions. This update came in response to what Deutscher described as “massive…
First Mover Americas: Bitcoin Tops $71K After Best Day for ETF Inflows Since March
[Jun 5 6:02 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for June 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Technical Analysis: BTC Bulls Target Upper Resistance Aiming for New Highs
[Jun 5 5:54 AM] Bitcoin, priced at $70,875, has exhibited strong bullish trends within the last 24 hours, with intraday prices ranging from $68,819 to $71,339. The cryptocurrency boasts a market capitalization of $1.39 trillion and a 24-hour trade volume of $37.14…
WATCH: The 2024 Oslo Freedom Forum, Financial Freedom Track Livestream
[Jun 5 3:00 AM] The annual Oslo Freedom Forum by the Human Rights Foundation is underway in Oslo, Norway. The event, June 3-5, has convened an interdisciplinary group of activists, artists, technologists and entrepreneurs seeking to support freedom fighters and…
Bitcoin ETFs worldwide in focus as BTC price passes $71K
[Jun 5 2:05 AM] BTC price action reaches two-week highs as Bitcoin ETFs see a fresh surge of interest in the U.S. while other jurisdictions prepare to follow suit.
Bitcoin Price Soars Past $71,000: Here’s Why
[Jun 5 1:20 AM] Bitcoin has surged 2.9% in the last 24 hours, reaching a high of $71,166 on Binance today, marking the highest price since May 21. This rally appears to be primarily fueled by robust inflows into US spot Bitcoin ETFs, with the sector experiencing…
Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March
[Jun 4 11:18 PM] This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.
Banks Bust, Bitcoin Booms: Price Skyrockets 40% During US Banking Crisis
[Jun 4 11:10 PM] Bitcoin, the enigmatic digital currency, is back in the spotlight as the US banking system grapples with mounting stress. While some predict a stratospheric rise to $1 million per coin, fueled by economic woes, others remain skeptical. Banking On…
First Civil Lawsuit Filed Against Crypto Platform JPEX for Alleged Fraud
[Jun 4 10:20 PM] Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil…
Microsoft India X Account Hijacked by Crypto Scammers
[Jun 4 9:40 PM] Cryptocurrency scammers recently hijacked the official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked…
Bitcoin Price Turns Green: Poised for a Major Upswing
[Jun 4 8:58 PM] Bitcoin price started a fresh increase above the $70,000 resistance. BTC is showing positive signs and might rise further above the $72,000 resistance in the near term. Bitcoin started a decent increase above the $69,500 and $70,000 resistance…
Ukrainian Police Bust International Crypto Fraud Ring, 14 Arrested
[Jun 4 8:37 PM] Ukrainian authorities have dismantled a criminal ring defrauding citizens across Ukraine, Moldova, Kazakhstan, and the European Union through deceptive call centers promising lucrative cryptocurrency investments. The National Police of Ukraine…
Thailand’s SEC Approves Bitcoin ETF Fund for Wealthy Investors
[Jun 4 7:33 PM] The Securities and Exchange Commission (SEC) of Thailand has granted approval to One Asset Management (ONEAM) to launch a fund that invests in spot bitcoin exchange-traded funds (ETFs). The fund, named “One Bitcoin ETF Fund of Funds Unhedged…
Bitcoin ‘Zombies’ Awaken: Dormant Coins Move For First Time In Years, What’s Going On?
[Jun 4 7:00 PM] According to recent data from on-chain analytics platform CryptoQuant, in recent weeks, the Bitcoin market has witnessed a fascinating phenomenon: long-dormant BTC, untouched in wallets for up to a decade, are suddenly springing into action. This…
Bybit Report Shows Growing Popularity of Meme Coins Among Institutional and Retail Investors
[Jun 4 6:21 PM] A new report by crypto exchange Bybit shows that meme coins are becoming significant components of crypto portfolios. Institutional meme coin holdings surged 226% from February to March while retail meme coin holdings spiked 478% from February to…
Peter Brandt Predicts Bitcoin Bull Market With BTC Potentially Reaching $150,000
[Jun 4 5:11 PM] Veteran trader Peter Brandt has emphasized the symmetry in bitcoin bull market cycles, suggesting the next peak may occur in late August or early September 2025, with the price of bitcoin potentially reaching $150,000. However, Brandt remains…
Crypto King Reclaims Throne: Bitcoin Soars To $71,000, How Much Higher Can It Go?
[Jun 4 5:00 PM] Bitcoin (BTC), the largest cryptocurrency in the market, has once again surged past the significant milestone of $70,000. After a brief period of consolidation between $67,000 and $69,000, the price faced strong resistance at this level. However…
Protocol Village: Gnosis DAO Spins off Karpatkey
[Jun 4 4:29 PM] The latest in blockchain tech upgrades, funding announcements and deals. For the week of June 2, 2024.
Uniswap, Starknet, BNB Lead Altcoin Gains as Bitcoin Hits $71K
[Jun 4 2:48 PM] Seventeen of the twenty assets in the CoinDesk 20 Index (CD20) booked gains, underscoring the uptrend in the broader crypto market.
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
[Jun 4 2:40 PM] Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax…
Ethereum (ETH) Set For ‘Glorious Year,’ Analyst Eyes $10,000 Target
[Jun 4 2:30 PM] Ethereum (ETH) saw a significant upswing at the end of May due to the rumors of a spot ETH ETF (Exchange-Traded Funds) approval in the US. This bullish momentum propelled the token’s price from the $3,000 price range to the $3,900 mark. After the…