Author: boss

Bitcoin Sweeps Liquidity ‘Pockets’ Amid Doubts Over $67,000 Holding

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Bitcoin (BTC) neared $67,000 at Monday’s Wall Street open as the US-Iran peace deal kept risk assets surging. Key points: Bitcoin adds to gains as US-Iran peace cues trigger broader risk-asset upside. Traders do not see downside pressure as over yet, with liquidity grabs the focus on low-time frame price action. Flagging demand shows signs of recovery after $60,000 holds. BTC price eyes key liquidity “pocket” next Data from TradingView tracked BTC price action as BTC/USD added another 1.5% since the weekly close. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Details of…

Pudgy Penguins Winds Down Pudgy Party After 1M Downloads

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Non-fungible token (NFT) project Pudgy Penguins is winding down its mobile game Pudgy Party and halting further development. In an X post, the team said on Saturday that it would shift its gaming resources toward Pudgy World, a browser-based experience which it described as the flagship gaming product for the Pudgy Penguins ecosystem.  “We’ve made the difficult decision to wind down Pudgy Party and halt further development,” the team wrote, adding that Pudgy World offered greater potential for scalability and introducing new users to the Pudgy Penguins brand.  The mobile…

Bybit Launches Tokenized Fixed-Income Products for Users

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Crypto exchange Bybit will offer eligible customers access to tokenized bond funds managed by PIMCO and China Merchants Bank International, expanding its push into real-world assets through partnerships with Plume and DigiFT. Bybit’s new RWA Earn platform launched with two tokenized bond funds: the PIMCO Dynamic Income Opportunities Fund (PDO), which invests across fixed-income assets including corporate debt, mortgage-backed securities and government bonds, and the CMBI Investment Grade Bond Fund, which focuses on investment-grade credit in Asian and global markets. According to Monday’s announcement, the funds are tokenized through DigiFT,…

Strive’s Werkman says Bitcoin downturn may force treasury firms to restructure

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Bitcoin treasury companies may need to revisit their capital structures if Bitcoin remains under pressure, with consolidation becoming more likely across the sector, according to Strive Chief Investment Officer Ben Werkman. Summary Strive CIO Ben Werkman said prolonged Bitcoin weakness could push some treasury companies toward consolidation, particularly those carrying debt funded accumulation strategies. Werkman pointed to balance sheet restructuring efforts at firms such as Nakamoto and cited Strive’s acquisition of Semler Scientific as a sign of what could follow. He also defended Strategy’s recent sale of 32 BTC, saying…

Strategy Adds 1,587 Bitcoin Through MSTR Stock Sales

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Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its cryptocurrency reserves last week as BTC continued to trade below the company’s average cost basis of about $75,700. Strategy acquired 1,587 Bitcoin (BTC) for $100 million between June 8 and Sunday, according to Monday’s 8-K filing with the US Securities and Exchange Commission. Source: SEC The purchase was made at an average price of $63,024 per Bitcoin, bringing the company’s overall average cost basis slightly lower to $75,656. With the latest buy, Strategy now holds 846,842 BTC, accumulated…

DeFi Could Reach $2.7T as Tokenization Expands: StanChart

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Standard Chartered expects assets locked in decentralized finance (DeFi) to grow 37-fold to $2.7 trillion by the end of 2030. The expansion would be driven by both tokenized real-world assets (RWAs) and crypto-native assets moving through onchain protocols, Geoff Kendrick, head of digital assets research at Standard Chartered, said in a research note on Monday.  “I think the next opportunity for generational wealth in digital assets is going to come via the DeFi protocols,” Kendrick said. “I estimate that the amount of tokenized assets active in DeFi will 37x by…

What happens when AI agents start using crypto wallets?

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How AI agents could connect AI and DeFi For years, AI has largely stayed outside direct economic activity. AI systems could answer queries, summarize documents, create images and support coding. However, they could not take part directly in financial transactions. Humans remained responsible for the key actions: accessing accounts, confirming choices and approving transfers. That boundary is now starting to fade. A new wave of “agentic” AI systems is taking shape. Unlike traditional chatbots that only respond to inputs, these agents can set goals, use tools, gather data and carry…

Bitcoin Tops $66K as US-Iran Deal Triggers Risk-on Rally Across Markets

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Key Takeaways Bitcoin surpassed $66,600 Monday morning, up more than 11% from early-June lows near $59,375. Trump’s U.S.-Iran peace framework sent WTI crude down 3-5%, lifting equities, gold, and crypto. The FOMC decision on June 17 under Chair Kevin Warsh is the next major volatility catalyst. Bitcoin Spikes to $66,600 Bitcoin traded over $66,600 as of Monday morning at 9 a.m. Eastern time, up approximately 3.5% over recent sessions and more than 11% off early-June lows near $59,375. Ethereum climbed to $1,774, gaining roughly 6.5% in the same stretch. XRP…

Bitcoin whales are buying, but Peter Brandt’s chart says wait

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Veteran trader Peter Brandt said Bitcoin remains one of the clearest markets for classical chart analysis.  Summary Peter Brandt said Bitcoin still follows classical chart patterns better than many other markets. CryptoQuant data suggests whale selling slowed sharply as large holders resumed accumulation near $65,000 again. Bitcoin must reclaim $68,000 with stronger volume before the rebound looks safer for traders. In a June 15 X post, he wrote, “There are few other markets that so neatly comply to understanding using classical charting principles as Bitcoin.” Brandt’s weekly BTC chart showed…

Saylor’s Strategy doubles down with another $100M Bitcoin buy

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Strategy has added 1,587 BTC to its balance sheet, two weeks after its first disclosed Bitcoin sale in years raised questions.  Summary Strategy acquired 1,587 BTC for $100 million, lifting total reserves to 846,842 BTC on Monday. The purchase followed a 32 BTC sale that Strategy later described as a process test. Strategy also raised its U.S. dollar reserve to $1.1 billion after adding another $100 million. Michael Saylor said on X that the company bought the coins for about $100 million. Saylor had hinted at the move hours earlier…