Author: boss

Bitcoin Keeps Selling Off as BTC Price Dives Below $67,000

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Bitcoin (BTC) losses passed 6% after Wednesday’s Wall Street open as a cascade of liquidations gathered pace. Key points: Bitcoin falls below $67,000 for the first time since the first week of April as losses pile on. Liquidations hit $1.25 billion over 24 hours as analysis sees the mid-$50,000 range returning. BTC/USD appears to repeat a bear flag breakdown from earlier in the year. BTC price dives to $66,950 in liquidation cascade Data from TradingView showed BTC/USD dropping as low as $66,948 on Bitstamp. BTC/USD one-hour chart. Source: Cointelegraph/TradingView That…

The Onchain Line Behind Every Bitcoin Bottom Sits Near 40%, Short of ‘Maximum Opportunity’

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Key Takeaways Cryptoquant contributor MorenoDV says the stress gauge sits near 40%, below the deeper readings that marked past bottoms. Bitcoin opened June below $70,000 after a $2.43 billion May spot ETF outflow, the worst of 2026. MorenoDV urges patience, noting the strongest entries appear only after selling exhaustion is confirmed. A Line That Keeps Marking Bottoms MorenoDV pointed to an onchain stress measure that he says has lined up with every major bitcoin bottom for over a decade. The indicator tracks how much financial stress the market is absorbing,…

CFTC Chair Claims Gemini Case was Politically Motivated, Seeks to Reverse Settlement

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Update (June 2 at 9:35 pm UTC): This article has been updated to include a response from the CFTC. US Commodity Futures Trading Commission (CFTC) Chair Michael Selig is claiming that the agency under former President Joe Biden “politically targeted” the co-founders of cryptocurrency exchange Gemini through enforcement actions. In a Tuesday CNBC interview, Selig said under his leadership, the CFTC was “trying to get back to a baseline” on enforcement, after what he claimed was politicization by the Biden administration. While the Selig acknowledged that he is a political…

Movement Gains Access to US, Canada, EU Payment Rails Amid Stablecoin Push

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Movement, the Move-based blockchain network that has expanded into stablecoin payments and financial infrastructure, said it has gained access to licensed payment rails across the US, Canada and the EU, a move aimed at strengthening its cross-border payment offerings in emerging markets. In a Tuesday announcement, Movement said it plans to use the payment infrastructure to connect traditional banking systems with stablecoin settlement networks, targeting cross-border transfers and treasury services in regions where payment costs remain high and financial access is limited. Movement did not identify the partners or regulated…

Moonpay Connects Institutions to Franklin Templeton’s Tokenized Funds in New Onchain Push – Bitcoin News

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Key Takeaways Franklin Templeton and Moonpay launched an integration connecting BENJI tokens to Moonpay Trade’s institutional onchain execution infrastructure. Eligible institutions can now swap between stablecoins and Franklin Templeton tokenized funds, supporting treasury and collateral workflows. The deal extends Franklin Templeton’s 2026 onchain expansion, following its April BENJI-based acquisition of 250 Digital. What the Integration Does The deal links Franklin Templeton‘s proprietary blockchain-enabled recordkeeping system to Moonpay Trade’s quote, routing, and execution network. Eligible institutional users can now move between supported stablecoins and Franklin Templeton’s tokenized money market fund suite…

Analyst Reveals Why Bitcoin Price Must Crash To $42,000 First

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Bitcoin’s latest price action has given bearish analysts more reason to argue that the cryptocurrency is still moving through a deeper correction. Bitcoin has fallen back to $70,000, and selling pressure is building after another failed attempt to hold higher levels. Crypto analyst Crypto Lens has warned that Bitcoin may still need one final move lower to $42,000 before a new bull run back to new all-time highs above $126,000 can begin. Bitcoin Is Still Inside A Bull Trap Technical analysis of Bitcoin’s price action is predicting a bearish outlook…

Strive adds 2,500 BTC while Bitcoin slides below key levels

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Strive Inc. has raised its Bitcoin holdings to 19,000 BTC after buying an additional 2,500 BTC between May 23 and June 1, 2026. Summary Strive purchased 2,500 bitcoin between May 23 and June 1, raising its total holdings to 19,000 BTC. The company bought the bitcoin at an average price of about $74,092 per coin, including fees and expenses. Strive’s cash and cash equivalents increased to $137.3 million from $93.3 million during the same period. A June 2 filing with the U.S. Securities and Exchange Commission said the Nasdaq-listed company…

Strive Buys 2,500 Bitcoin, Holdings Reach 19K BTC as $4.2B Funding Plan Advances

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Key Takeaways Strive increased its bitcoin holdings to 19,000 BTC, enhancing exposure to cryptocurrency price movements. Cash and equivalents rose to $137.3 million, strengthening liquidity and supporting operational flexibility. Planned funding expansions could provide billions in capital for corporate needs, acquisitions, or additional treasury activity. Strive Grows Its Bitcoin Treasury While Building a Larger Cash Cushion A June 2 filing with the U.S. Securities and Exchange Commission (SEC) shows that between May 23 and June 1, 2026, Strive Inc. (Nasdaq: ASST) purchased 2,500 bitcoin. The purchases lifted holdings to 19,000…

Zama Accelerates Compliance Push After Court Reverses $12.5M USDC Freeze

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Privacy-focused blockchain protocol Zama said it will accelerate compliance measures and proceed with its confidential USDC launch after a US court lifted a temporary freeze on about $12.5 million in USDC held in its cUSDC smart contract, according to a Tuesday X post by co-founder Rand Hindi. The freeze, first reported by Cointelegraph on Saturday, stemmed from a temporary restraining order obtained in connection with an ongoing dispute involving stakeholders of an unrelated project, Overnight Finance. Circle froze the funds after receiving the court order, even though Zama was not…

U.S. stocks are pulling capital away from Bitcoin: Binance Research

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Bitcoin has fallen below $70,000 as capital continues to flow toward a narrow group of high-performing U.S. equity sectors, according to a new analysis from Binance Research. Summary Binance Research linked Bitcoin’s recent weakness to record levels of capital concentration in U.S. equities, with AI, defense, and energy sectors attracting investor flows. Bitcoin has remained under pressure as ETF outflows exceeded $3.4 billion over 11 trading days, while Mt. Gox wallet transfers and macro uncertainty weighed on sentiment. Binance Research said past periods of extreme stock market concentration were often…