Author: boss

After Buying More Bitcoin Than It Sold, Strategy Wins Dividend Approval as Holdings Hit 845,256 BTC

boss

Key Takeaways Strategy shareholders backed a dividend schedule change for STRC during the virtual annual meeting. Holdings reached 845,256 BTC after Strategy bought 1,550 BTC and sold 32 BTC one week earlier. Investors may reassess STRC as faster payments could affect liquidity, demand, and reinvestment timing. Strategy’s STRC Shift Could Change How Investors Price Preferred Income After buying 1,550 BTC and selling 32 BTC one week earlier, Strategy Inc. (Nasdaq: MSTR) secured shareholder approval for a key dividend change. The company’s bitcoin holdings reached 845,256 BTC as investors weighed its…

Sam Bankman-Fried Files Formal Trump Pardon Request as FTT Jumps 50% – Bitcoin News

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Key Takeaways Sam Bankman-Fried (SBF) filed a formal pardon request with the DOJ Office of the Pardon Attorney on June 8, 2026. FTT jumped roughly 50% intraday and Polymarket odds moved to 20-35% following the news. Trump publicly rejected pardoning SBF twice in 2026, citing the scale of the $11 billion FTX fraud. Breaking: Formal Petition Confirmed Bloomberg first reported the filing on Monday morning. The application is now visible on the DOJ’s public clemency case status search tool. Bankman-Fried specifically requested a “pardon after completion of sentence,” a designation…

Bitcoin Takes Pressure Off $60,000 as Bear Market Roadmap Continues

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Bitcoin (BTC) approached intraday highs ahead of Monday’s Wall Street open, with $60,000 holding as key support. Key points: Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower. A rebound to $64,000 is being watched for signs that worse is yet to come. Macro headwinds multiply as the Japanese yen reenters the picture. Bitcoin price decides on ranging versus breakdown Data from TradingView showed BTC price selling pressure easing after the weekly close — Bitcoin’s lowest since October 2024. BTC/USD one-hour chart. Source:…

Bitcoin braces for inflation shock as CPI puts bulls on edge

boss

Bitcoin traders are preparing for a series of U.S. inflation reports this week that could determine whether the crypto asset can hold its recent recovery from the $60,000 area or face another wave of selling pressure. Summary U.S. CPI and PPI data due this week could influence Federal Reserve rate expectations and drive volatility across crypto markets. Bitcoin remains above key support near $60,000, while technical indicators show weakening bearish momentum but no confirmed trend reversal. Market views remain split between expectations of further downside toward deeper capitulation levels and…

Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic

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Ethereum’s crash below $1,500 over the weekend has pushed sentiment into one of its most fearful phases since the previous bear market, but crypto analyst Crypto Patel believes the current selloff should be viewed through a longer lens. The analyst’s roadmap places ETH inside a broad accumulation range, with the chart showing that the same movement as previous Ethereum tops and bottoms is still playing out, and Ethereum might be declining into an accumulation zone. Ethereum Enters Panic Zone As Price Revisits $1,500 Ethereum’s weekend drop has brought ETH close to…

Bitcoin ETFs Lose $1.72B in Second-Largest Weekly Outflow Since Launch

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Key Takeaways Bitcoin ETFs lost $1.72B for a 4th straight week, led by Blackrock IBIT’s $1.34B outflow. Ether ETFs shed $168M, while HYPE gained $17M and XRP added $2.6M in fresh inflows. Glassnode data shows ETF outflows at a record pace, signaling more selective allocations. Bitcoin and Ether ETFs Lose $1.89B While HYPE and XRP Draw Fresh Demand The first week of June did not offer the clean reset crypto exchange-traded fund (ETF) investors may have wanted. Instead, the market delivered another sharp split. Capital kept leaving bitcoin and ether…

Bitcoin ETFs See $1.7B Weekly Outflows

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Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ending June 5, according to SoSoValue data. The outflows extended the streak to four straight weeks of billion-dollar redemptions, dating back to the week ending May 15. Data compiled by Farside Investors shows that the pressure was concentrated across the first three trading days of June, when the funds shed $483.8 million, $519.1 million and $396.6 million, respectively. The ETFs briefly reversed into a $3.2 million inflow on Thursday before Friday’s $325.7 million in outflows. …

Bitcoin Price May Hit $90K as FTX-Era Bullish BTC Signal Flashes Again

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Bitcoin (BTC) is showing a rare divergence between its falling prices and rising momentum, a setup that last appeared around the FTX-era market bottom. Key takeaways: Bitcoin’s second weekly bullish divergence on record is hinting at a rally toward $90,000. The cryptocurrency is also holding near its 200-week SMA, a level that has historically acted as a bottom zone during the 2015, 2018 and 2020 bear markets. Bitcoin’s last bullish divergence preceded a 755% rally As of Monday, BTC’s weekly relative strength index (RSI) was over 34, almost two weeks…

Bitcoin Punches Back Above $63K as Nasdaq Claws Back 1.3% From Worst Drop in a Year – Bitcoin News

boss

Key Takeaways Strategy purchased 1,550 BTC for $101M Monday as bitcoin recovered above $63,000 from June lows. Bitmine acquired 126,971 ETH last week as total crypto market cap reached $2.19T on June 8. The Clarity Act entered Senate floor debate Monday, with bitcoin watching $65K as the next key level. Institutions Buy the Dip Strategy purchased an additional 1,550 BTC for approximately $101 million, according to data circulating Monday. The move came as bitcoin traded near $63,400 to $63,600, up roughly 3% in 24 hours after a correction that briefly…

South Korea Police Reportedly Raid Bithumb in Lawmaker Hiring Influence Probe

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South Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi. Kim allegedly attempted to influence employment opportunities for his son at multiple crypto firms, including Bithumb and Dunamu, the operator of rival exchange Upbit, according to a Monday report by News1. Kim’s son joined Bithumb in January 2025 and worked there for about six months, the local outlet reported. Authorities are investigating whether any external pressure or preferential treatment influenced the hiring process. Hiring favoritism and influence-peddling allegations remain politically…