Author: boss

Bitcoin Dips Below $76,000 as Traders Dump Longs and Momentum Fades

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Key Takeaways On Tuesday morning, bitcoin suffered a $2,000 flash crash that erased its recent weekend gains. The sudden market volatility triggered nearly $350 million in liquidations across the crypto space. U.S. and Iran negotiators are expected to continue tense diplomatic talks for several more days. Military Clashes Derail Weekend Rally Bitcoin’s trademark volatility was triggered anew on Tuesday morning, as a violent flash crash erased $2,000 in value in a mere three-hour window. The number-one cryptocurrency tumbled below the psychologically important $76,000 support level, violently rejecting its earlier high…

What To Expect In The Latest XRP Ledger Update And How It Affects Holders

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The XRP Ledger is moving through another important update process, and this one is not only about adding new features. Version 3.2.0 is now in development, according to XRPL validator Vet, who said the update is meant to further strengthen the foundation that XRP runs on.  The upcoming XRP Ledger update is less about short-term price hype and more about what it says about the network’s direction, following the recent activation of version 3.1.3 in early May. XRP Ledger Version 3.2.0 Is Coming XRP Ledger version 3.1.3 is now active,…

Bitcoin treasury Strive buys $85.4M to beat Coinbase

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Strive Bitcoin treasury holdings reached 16,500 BTC after an $85.4 million buy that leapfrogged both Coinbase and Riot Platforms. Summary Strive (NASDAQ: ASST) disclosed via 8-K on May 26 that it purchased 1,109 Bitcoin for $85.4 million at an average of $76,988 per coin between May 19 and May 22. The purchase pushes Strive past Coinbase’s 16,492 BTC and Riot’s 15,680 BTC holdings, making it the seventh-largest public corporate Bitcoin holder per BitcoinTreasuries data. Strive reported a 23.4% year-to-date Bitcoin yield and an amplification ratio of 45.2%, funding purchases through…

UK Authorities Sanction HTX Crypto Exchange, Citing Support for Russia

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The UK government has added cryptocurrency exchange HTX to its list of sanctioned entities over its support of Russia. On Tuesday, UK authorities said that there were “reasonable grounds to suspect” HTX, formerly Huobi Global, has been supporting Russia’s government through financial services and funds facilitated by the A7 Limited Liability Company and Garantex, other sanctioned entities. The crypto exchange, headquartered in Panama, was the latest to be named as part of a crackdown on entities “exploited by Russia to circumvent UK sanctions.” “If the Kremlin thinks it can evade…

TeraWulf Buys entucky Site for 1 GW AI Data Center Expansion

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Bitcoin miner TeraWulf has acquired a large data center development site in the US state of Kentucky, adding significant capacity to its artificial intelligence and high-performance computing (HPC) business as miners continue diversifying beyond Bitcoin. TeraWulf said Tuesday the site could eventually support more than 1 gigawatt of AI and HPC capacity. The company expects the first 500 megawatts to come online in 2028, with another 500 megawatts targeted by 2030. The site includes planned grid infrastructure and long-term power agreements, underscoring TeraWulf’s ongoing shift toward AI and HPC hosting…

Pundit Points Out Major Mistake Being Made With The XRP Pricing

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A crypto analyst has identified a mistake in XRP’s current pricing, highlighting how its low price does not reflect its true value. According to the expert, XRP at $2 suggests the market still views the third-largest cryptocurrency as a speculative asset without real growth drivers. He noted that once XRP starts being used to move value globally, its price would appreciate to reflect its real valuation, potentially pushing the cryptocurrency into the four- to five-digit range.  Analyst Calls XRP at Single-Digit Valuations A Mistake According to BarriC, a crypto market…

Spanish Authorities Order Polymarket and Kalshi Blocked over Gambling Laws

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Spain’s gambling regulator blocked local users from Polymarket and Kalshi “as a precautionary measure” as authorities there address allegations the prediction markets platforms were in violation of gambling laws.  On Tuesday, Spain’s Directorate General for the Regulation of Gambling (DGOJ) said the country’s Ministry of Social Rights, Consumption, and Agenda 2030 had opened legal proceedings against the two companies, as they appeared to be operating without necessary licensing. The DGOJ issued an order blocking Spanish users from Kalshi and Polymarket until the proceedings were resolved, expected in three to four…

Bitcoin Spikes to $78,000 in Short Squeeze While US Stocks Hit New Highs

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Bitcoin (BTC) saw flash volatility around Tuesday’s Wall Street open as US-Iran nerves rocked risk assets. Key points: Bitcoin briefly taps $78,000 as volatility returns to markets at the Wall Street open. US stocks hit new all-time highs, while crypto continues to underperform. Positive funding rates spark fresh warnings over Bitcoin’s immediate outlook. Bitcoin neutralizes longs and shorts in volatile moves Data from TradingView showed BTC/USD hitting $78,000 — its highest since Thursday — before abruptly heading lower. BTC/USD one-hour chart. Source: Cointelegraph/TradingView In doing so, the pair liquidated both short…

NEAR Token Price Has ‘Potential to Grow 20x,’ Says Arthur Hayes

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Near Protocol’s native token, NEAR, has the potential to grow 20x by 2027, according to Arthur Hayes, co-founder of the crypto derivatives exchange BitMEX. Key takeaways: Hayes said NEAR Intents could make privacy coins like Zcash more usable across blockchains without bridges or multiple wallets. NEAR has surged more than 90% since Hayes publicly highlighted the token alongside ZEC and HYPE in May. NEAR makes privacy coins like ZEC usable: Hayes Speaking on The Rollup podcast, Hayes said NEAR’s bullish case rests on NEAR Intents, a feature that lets AI…

Dogecoin Rejection From Channel Top Sparks Fears Of A Deeper Correction

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…