Day: June 3, 2025

Bitcoin taps $106K liquidity as bulls defend price with $260M bid

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Key points: Bitcoin seeks to take liquidity around $106,000 as traders hope for a sustained price recovery. Significant support is in place down to $97,000, boosting the odds of price holding. Profit-taking is underway but lacks the intensity of classic cycle tops, research says. Bitcoin (BTC) retargeted $106,000 after the June 3 Wall Street open as traders eyed the start of a bullish turnaround. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin eyes liquidation clusters as $106,000 returns Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing losses seen after the…

DeFi must return to its P2P origins.

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Opinion by: Jean Rausis, co-founder of SmarDex Decentralized finance (DeFi) began with a clear vision: to enable a global, permissionless financial system built on peer-to-peer (P2P) transactions, free from the constraints of traditional finance (TradFi).  Early decentralized lending platforms embraced that vision by connecting lenders and borrowers directly, allowing them to negotiate their terms without TradFi’s rigidities.  Unfortunately, over time, most of these DeFi protocols drifted away from this ethos, abandoning true P2P interactions instead of relying on liquidity pools, external price oracles and heavily automated market makers (AMMs).  These…

Cango produced $100M of Bitcoin two months after mining pivot

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Bitcoin mining company Cango produced nearly $100.5 million worth of Bitcoin in the two months following its full pivot to crypto mining, the company announced on June 3. Cango mined 954.5 Bitcoin (BTC) after going all-in on mining. Of the total haul, 470 BTC were mined in April and 484.5 BTC in May. This follows Cango agreeing to sell its legacy China operations to an entity associated with Bitmain in a bid to focus solely on Bitcoin mining in early April. Earlier in May, Cango reported that it mined 1,541…

BNB Rises on Growing Regulatory Clarity, Renewed Trading Activity

Binance’s BNB token climbed Tuesday on the back of the U.S. Securities and Exchange Commission dismissing its long-running lawsuit against the crypto exchange last week. The token jumped from $650.28 to $673.70, a 3.6% rise, before entering a period of sideways trading and a short correction that saw it drop back down to the $665 level. The SEC’s move comes at a time in which the exchange brought back previously restricted U.S. dollar deposit features, including ACH bank transfers, marking a partial restoration of Binance’s fiat channels on its U.S.…

K33 begins Bitcoin buying with 10 BTC purchase for treasury strategy

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Norwegian digital asset brokerage K33 has acquired 10 Bitcoin for approximately SEK 10 million. This purchase marks the first transaction under its newly launched Bitcoin Treasury strategy. The Oslo-based company, listed on the Nasdaq First North Growth Market, plans to scale its Bitcoin (BTC) holdings over time, aiming for a minimum of 1,000 BTC. 🚨 It begins. K33 has made its first Bitcoin treasury purchase, and 10 BTC is now held on our balance sheet. This is more than a transaction. It’s the opening move in a long-term strategy rooted…

Tether Moves 10,500 Bitcoin to New Address, Here’s Reason

Key Notes Tether confirmed the movement of 10,500 Bitcoin from Bitfinex’s hot wallet to a new Bitcoin address. The fund supports SoftBank’s investment in Bitcoin-focused Twenty One Capital. Twenty One Capital is looking to HODL 42,000 BTC in its Bitcoin Treasury. Stablecoin issuer Tether, has transferred 10,500 Bitcoin BTC $105 558 24h volatility: 1.2% Market cap: $2.10 T Vol. 24h: $24.41 B from Bitfinex’s hot wallet to a new Bitcoin address. The firm’s CEO, Paolo Ardoino, shared a screenshot of the transaction block from Mempool in his latest X post.…

US risks being ‘front run’ on Bitcoin reserve by other nations: Samson Mow

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JAN3 founder and uber Bitcoin maxi Samson Mow finds it absurd the US government is yet to start accumulating Bitcoin for its strategic reserve after giving the rest of the world the blueprint. “It would be incredibly ironic and unfortunate that the US, which took bold steps, and the Trump administration, which took bold steps to push this forward, gets front-run by other nation states that are inspired by their actions,” the Chinese-Canadian Bitcoin entrepreneur tells Magazine. It’s been three months since Trump signed the executive order, and Mow says…

🚀 Coinbase Partners with Morpho for Bitcoin-Backed Loans! 📈

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase has partnered with Morpho to offer Bitcoin-backed loans of up to $100K in $USDC, driving new decentralized finance options. #CryptoNews #Blockchain #Bitcoin #BTC #Loans #Coinbase #base #morpho ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

XRP Sell-Off Rumors Swirl As Expert Questions Ripple’s War Chest

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. CoinRoutes chief executive Dave Weisberger detonated a fresh round of anxiety in the XRP market on Monday when he asked, on Scott Melker’s podcast, whether Ripple Labs could finance a takeover of Circle “for $10 to…