Author: boss

Bitcoin kidnap organizer Saif Faiq faces 20 years in prison

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Saif Faiq has pleaded guilty to a federal conspiracy charge tied to a bitcoin-related kidnapping plot and now faces up to 20 years in prison. Summary Saif Faiq pleaded guilty to a federal conspiracy charge tied to a bitcoin-related kidnapping plot and faces up to 20 years in prison. Prosecutors said Faiq helped organize the abduction of Veer Chetal’s parents after the theft of roughly 4,100 Bitcoin. The case comes as authorities in France investigate a separate attempted kidnapping targeting the wife of The Sandbox co-founder Sebastien Borget. According to…

The Numbers Say Price Is Headed Above $10

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XRP’s price action has come under heavy pressure in recent days alongside the rest of the market, falling back into a major support region around $1.10 with sellers still controlling short-term momentum.  The decline has placed XRP directly inside a notable zone on the monthly candlestick long-term chart. Particularly, technical analysis done by crypto analyst EGRAG CRYPTO indicates that XRP may still face one more liquidity sweep before a much larger move above $10. XRP In Face-Melting Phase EGRAG’s analysis is based on the monthly candlestick timeframe chart depicting XRP’s…

Bitcoin’s quiet cycle may be healthier than it looks: Bernstein

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Bitcoin has remained under pressure throughout 2026, but analysts at Bernstein have argued that the cryptocurrency’s weaker performance is helping create a more institution-focused market rather than signaling a long-term problem. Summary Bernstein says Bitcoin’s weak 2026 performance is creating a more institution-driven market as retail investors shift toward AI stocks. Spot Bitcoin ETF and corporate treasury inflows have fallen to about $12 billion this year, down from $60 billion in 2025. Despite bearish technical signals and a 27% yearly decline, Bernstein maintains its $150,000 Bitcoin price target for year-end.…

Strategy’s $1.7 Billion Dividend Bill Could Force More Bitcoin Sales

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Key Takeaways JPMorgan flagged Strategy’s ~$1.7B annual dividend bill as a key swing factor for H2 2026 crypto. Strategy sold 32 BTC for $2.5M late last month, its first sale since 2022, to fund preferred dividends. The bank sees under 50% odds the CLARITY Act passes this year, dimming a key catalyst. A $1.7 Billion Question JPMorgan said the crypto market’s second-half performance will hinge in part on how Strategy Inc. (Nasdaq: MSTR) funds its roughly $1.7 billion in annual dividend obligations, framing the funding plan (alongside the fate of…

Ripple Partner Bank of America Unveils Global Payments Expansion Strategy

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Bank of America is expanding its global payments strategy with a renewed focus on enhancing cross-border transaction capabilities, highlighting the growing importance of efficient international money movement in modern finance. Being one of the world’s largest financial institutions and a company frequently associated with discussions surrounding Ripple and payment innovation, Bank of America’s latest initiative underscores the continued evolution of global settlement infrastructure. Ripple Gains Institutional Momentum Through Major Banking Alliance Ripple partner Bank of America is preparing to launch a new cross-border payments service that incorporates SWIFT. An analyst…

Tokenized RWAs Growth Bucks Crypto Slump as Stocks, Gold Lead Surge

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Tokenized real-world assets (RWAs) remain one of the few bright spots in the cryptocurrency industry, even as macroeconomic headwinds and policy uncertainty weigh on markets in 2026, according to Binance Research. In its latest Monthly Market Insights report, Binance Research said the market for active tokenized RWAs surged 589% from early 2025 to June 2026. Bonds and money market funds led the sector in dollar terms, growing by 83% and adding $6.5 billion in value. Tokenized stocks, however, recorded the fastest growth, with their market value jumping 422%. Much of…

Seoul Police Raid Bithumb HQ in Probe Tied to Lawmaker’s Son – Bitcoin News

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Key Takeaways Several reports say Seoul police raided Bithumb HQ a second time on June 8, 2026, in the Kim Byung-ki corruption probe. Lawmaker Kim Byung-ki faces 13 suspicions and has been summoned by police approximately seven times. Bithumb denies hiring irregularities; police say the broader investigation requires further work. Second Raid in 4 Months The Seoul Metropolitan Police Agency’s Public Crime Investigation Unit was said to have arrived at Bithumb’s Gangnam-gu offices on Monday morning, marking the second compulsory search of the exchange since February. The first raid took…

Cardano founder pressed over 1,090 missing Bitcoin as ADA weekly losses top 25%

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Thomas Braziel has asked Cardano founder Charles Hoskinson to clarify the status of about 1,090 Bitcoins tied to Cardano’s early structure. Summary Thomas Braziel asked Charles Hoskinson to clarify the status of about 1,090 Bitcoins tied to Cardano’s early structure. Braziel said his review focused on Cardano entities in the Isle of Man, Switzerland, and related governance records. ADA traded near $0.1720 as it continues to extend weekly losses above 25%. Braziel raised the issue after reviewing corporate filings connected to Cardano entities in the Isle of Man and Switzerland.…

Bitcoin Recovery Needs This To Happen, Glassnode Analyst Reveals

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The lead research analyst at Glassnode has highlighted how the Bitcoin supply clustered at the top levels might have to shift down before a sustained recovery can take shape. Bitcoin Cost Basis Distribution Shows Massive Supply Above $80,000 In a new post on X, Glassnode lead research analyst CryptoVizArt has discussed how the Bitcoin supply is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the amount of BTC that was purchased at each of the levels that the…

Bitcoin Rebounds Above $64K as Derivatives Traders Trigger $282.5M Liquidations

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Key Takeaways Bitcoin rebounded past $64,000 on June 8, recovering from a multi-day sell-off below the $60,000 level. The recovery lifted the broader crypto market cap to $2.26 trillion despite rising Iran-Israel tensions. Liquidations hit $611 million across the crypto ecosystem, heavily penalizing wrong-footed short sellers. Bitcoin Reclaims $64,000 Amid Geopolitical Storm Bitcoin staged a resilient comeback, shrugging off a volley of escalating military exchanges between Israel and Iran to aggressively reclaim the $64,000 threshold. The cryptocurrency’s swift rebound offers a stark contrast to a brutal multi-day rout just days…