Author: boss

One Week After Selling 32 BTC, Strategy Buys 1,550 More for $101 Million – Bitcoin News

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Key Takeaways Strategy added 1,550 BTC for $101 million on June 8, pushing its total reserve to 845,256 bitcoin. The purchase follows a 32- BTC sale last week that triggered $93M in liquidations and a 6% MSTR drop. Strategy’s USD reserve now stands at $1.0 billion, reducing reliance on future BTC sales for STRC dividends. Executive Chairman Michael Saylor disclosed the purchase on X on June 8, 2026, sharing the company’s updated reserve figures. The announcement came exactly one week after Strategy’s first disclosed net bitcoin disposal in four years…

Yuga Labs Developers Rescue 68 NFTs From Flooring Exploit

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Yuga Labs-affiliated developers rescued 68 non-fungible tokens from Flooring Protocol after an exploit put NFTs from collections including Bored Apes and CryptoPunks at risk. Yuga Labs CEO Michael Figge said Monday that the recovered NFTs are now in the company’s custody and will be returned once a solution is finalized. Yuga’s pseudonymous vice president of blockchain, 0xQuit, said the recovery covered more than $500,000 worth of NFTs. Source: Michael Figge Despite the NFT market’s cooldown, some collections still retain high floor prices. CryptoPunks had a floor price of around 32.7…

XRP To $1 Or A Violent Reversal? Analyst Says Liquidity Setup Is Flashing

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XRP is approaching a decisive liquidity zone after a brutal market-wide crypto flush, with analyst Will Taylor (@CryptoinsightUK) arguing that downside liquidity has largely been swept while larger pools may now sit above price. The setup comes as crypto sentiment has deteriorated sharply following roughly $5 billion in liquidations across the market. XRP Battles Long-Term Downtrend In the latest edition of The Weekly Insight, Taylor framed the current XRP structure as part of a broader capitulation event rather than an isolated altcoin breakdown. Bitcoin, Ethereum and XRP have all moved…

Bitcoin Traders see No Bear-Market Bottom Until at Least Q3

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Bitcoin (BTC) starts the second week of June with damage control — and new macro lows are still expected this year. Traders see a relief bounce coming next for BTC price action, but the bottom, they agree, is not in. US inflation data will test markets’ resolve as the US-Iran war drags on. Peace-deal pledges by US President Donald Trump do little to stabilize the risk-asset picture. Multiple onchain indicators give analysts hope that the worst of the sell-off is over. Crypto sentiment dives to some of its lowest levels on…

Bitcoin’s Worst Week Of 2026 Is Happening Right Now — QCP Explains Why The Bottom Isn’t In Yet

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Bitcoin entered June under significant pressure, trading down approximately 11.6% on the week heading into June 8 and struggling to reclaim key momentum levels — caught between crypto-specific deleveraging and a macro environment where oil, real yields, and policy uncertainty are all moving in the wrong direction simultaneously, according to QCP Capital’s latest Market Colour update. Related Reading The catalyst that accelerated the selloff came from an unexpected source. Strategy’s disclosure that it sold 32 Bitcoin in late May to fund preferred dividend payments — a sale immaterial in size…

Chinese Man Jailed for 107 Bitcoin Theft After Memorizing Wallet Mnemonic

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A court in the eastern Chinese city of Qingdao sentenced a man to 10 years and nine months in prison for stealing 107 Bitcoin after memorizing most of a victim’s 12-word wallet seed phrase. The Licang District People’s Court sentenced the perpetrator, identified as Zhang, to prison and fined him 100,000 yuan (about $14,700) after finding he took control of the victim’s wallet and later cashed out more than $97,000, according to the case summary published by the Supreme People’s Procuratorate’s official WeChat account. Feng asked Zhang, an acquaintance who…

China court treats Bitcoin as property in 107 BTC theft case

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A Chinese court sentenced a man to 10 years and nine months after he memorized a wallet recovery phrase and stole 107 Bitcoin. Summary Zhang memorized 11 recovery words, reconstructed the last, and transferred 107 Bitcoin from Feng’s wallet. Prosecutors treated Bitcoin as property because holders exercise control through private keys and recovery phrases. Electronic records disproved Zhang’s “protective takeover” claim and confirmed 660,000 yuan in sale proceeds. The case began in July 2023, when a Bitcoin holder identified as Feng asked an acquaintance, Zhang, to help convert 117 Bitcoin.…

Historical Lows Show The Bottom Actually Lies Below $30,000

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Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins.  Bitcoin Cycle Pattern Points To Possible Deeper Low The analyst explains that Bitcoin has followed a repeating pattern across major market cycles, where strong rallies are followed by very deep price declines. In previous…

Buys $98.9M Bitcoin at $59,734 and Nets $3.5M Profit in Two Days

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Key Takeaways A whale bought 1,656 BTC ($98.93M) at $59,734, near bitcoin’s June 5 low of $59,100. The position gained about $3.5 million in two days as BTC climbed back toward $64,000 behind Trump’s recent Iran-related remarks. The coins were moved to Binance, a step that often precedes selling or hedging. Buying the Exact Bottom The purchase landed as bitcoin carved out its weakest level of 2026, touching an intraday low near $59,100 on June 5 before reversing higher, meaning the whale entered almost at the exact moment sentiment was…

Strive CEO backs ending Bitcoin capital gains tax to boost adoption

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Strive Asset Management has backed efforts to remove capital gains taxes on Bitcoin transactions in the U.S., as its CEO says the firm is actively working with policymakers while lawmakers prepare to review digital asset tax rules. Summary Strive CEO Matt Cole has backed removing Bitcoin capital gains taxes and said the firm is engaging with policymakers in Washington on the issue. A House Ways and Means Committee hearing this week will examine crypto tax rules, including proposals covering stablecoins, staking, mining, and transaction reporting. Strive recently increased its Bitcoin…