Author: Coindesk
As first CEO and now executive chairman at MicroStrategy, Saylor has not only led that company to its acquisition of 226,331 bitcoin worth $15 billion over the past almost four years (the latest being the acquisition of 11,900 BTC just this week), but he’s also evangelized for other corporations to follow suit with their own balance sheets. Read the full article here
“The crowd is mainly fearful or disinterested toward Bitcoin,” the firm said in an X post Friday. “This extended level of FUD is rare, as traders continue to capitulate,” they added. “BTC trader fatigue, combined with whale accumulation, generally leads to bounces that reward the patient.” Read the full article here
The combined figure for DOGE, SHIB, PEPE, WIF, BONK, GROK, BABYDOGE, FLOKI, MEME, HarryPotterObamaSonic10Inu and HarryPotterObamaSonic, recently rose to $128 million, the data shows. The figure describes the total value of buy and sell orders within a 1% range of the current market price. The deeper the liquidity – that is, the higher the figure – the easier it is to execute large orders at stable prices. Read the full article here
Bitcoin fell to its lowest in over a month during the European morning, slumping to $63,500. This is the first time BTC has dropped below $64,000 since mid-May. At the time of writing, the bitcoin price is around $63,900, a fall of 3.5% in the last 24 hours. The CoinDesk 20 Index (CD20), a measurement of the broader digital asset market, has dropped just under 2.3%, while ETH is down 2.25% at $3,500 and SOL has fallen almost 3.8% to $132.24. Read the full article here
“We have a taskforce in Congress that is on Americans wrongfully detained abroad, or held hostage. Clearly in our view, Tigran fits in that camp,” Hill said in the video. “We want him home and we can let Binance, his employer, deal with the Nigerians.” Read the full article here
“We have been working closely with our regulators to support demand from our institutional clients to trade Bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,” Standard Chartered said in an emailed statement, according to the report. Read the full article here
Such outflow activity is the worst since late April, which saw $1.2 billion in total net outflows in trading sessions from April 24 to May 2. Inflows since picked up and saw the products add more than $4 billion in the next 19 days of trading – before the ongoing outflow deluge started on June 10. Read the full article here
Monochrome Asset Management’s Monochrome bitcoin ETF (IBTC) went live on June 4 on the Cboe Australia exchange, a smaller rival of ASX. Unlike VBTC, the fund holds bitcoin directly. Since its launch, IBTC has traded an average of around 55,000 units a day on daily average cash volumes of about A$550,000. Read the full article here
“What we’re talking about here is as good as the traditional infrastructure,” Newns said in an interview. “Now we’ve achieved that sort of equivalence for digital securities around the cash leg, these are eligible for inclusion in the collateral market so you can use them for repo. We have bridges into traditional finance, so an issuer can reach that entire liquidity base you get on a traditional exchange. And as a result of the project, participating members have now tripled, and are using us as a way to further their own digital ambitions.” Read the full article here
Tether Ltd, the issuer of tether (USDT), the world’s leading dollar-pegged cryptocurrency by market value, alone holds around $91 billion in Treasuries and Circle, the issuer of USDC, holds short-dated U.S. debt, including repos, worth $29 billion, according to Tagus Capital. Read the full article here