Author: boss

Bitcoin faces a new test as Saylor calls for ideological balance

boss

Michael Saylor has urged Bitcoin supporters to balance purity, adoption, innovation, and stability as the asset trades near its weakest levels in almost two years. Summary Michael Saylor said Bitcoin’s future depends on balancing competing ideologies, not choosing one camp. Saylor named Maximalists, Capitalists, Technologists, and Fundamentalists as key groups in Bitcoin’s growth. Strategy’s sale of 32 BTC raised concerns despite its holdings of more than 844,700 BTC. Saylor, writing in a Friday post on X, said Bitcoin’s future should not depend on one dominant ideology. The Strategy chairman said…

Pump.fun Bounty Platform Pays Users for Bizarre Memecoin Stunts

boss

Solana-based memecoin launchpad Pump.fun introduced a new open bounty platform where users have posted crypto rewards for bizarre promotional tasks, such as tattooing the ticker symbols of memecoins, quitting their current job live on camera or skydiving into a World Cup match. Pump.fun introduced the new platform on Thursday, positioning it as an open marketplace to “complete bounties for ANY task and leverage the power of humans & money across the globe.” The submissions are reviewed by Pump.fun while funds are in escrow. If accepted, the bounty is paid out…

Bitcoin Whales Return To Binance: Selloff Echoes February Panic

boss

Bitcoin’s June correction is now being accompanied by a sharp rise in whale deposits to Binance, according to CryptoQuant analyst Darkfost, reviving a pattern last seen during the market’s February stress event. The data suggests that large holders are moving more BTC back onto the exchange as the selloff deepens, potentially adding near-term supply pressure. Darkfost said Bitcoin is down 14% in June, with the decline accelerating over the past several days. That move has pushed some investors into a more defensive posture, particularly large entities moving sizable amounts of…

Saylor Says Bitcoin Needs Disciplined Expansion as Demand Resets

boss

Strategy co-founder and executive chairman Michael Saylor said Bitcoin needs “disciplined expansion” through banks, companies, securities, credit and capital markets, laying out a path for the asset as spot exchange-traded fund (ETF) outflows and a broader market sell-off test institutional demand. On Friday, Saylor published an essay, saying Bitcoin’s base layer should be treated as “sacred infrastructure,” with most innovation occurring through higher layers, applications, custody systems, credit instruments and financial infrastructure. The comments frame Bitcoin’s next phase as a clash between two institutional channels: passive spot ETF exposure, which…

$62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead

boss

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Morgan Stanley taps Galaxy to offer crypto-backed access to Bitcoin ETF products

boss

Morgan Stanley Wealth Management has expanded its crypto offering by enabling eligible clients to convert digital asset holdings into spot crypto exchange-traded products through a new referral arrangement with Galaxy Digital. Summary Morgan Stanley clients can now lend Bitcoin, Ether, and Solana to Galaxy Digital in exchange for shares in spot crypto investment products. Galaxy has reduced the minimum lending transaction size for Morgan Stanley referred clients to $5 million from $25 million. According to a Friday announcement, high-net-worth Morgan Stanley clients can lend cryptocurrencies including bitcoin, ether, and Solana…

Bitcoin Sellers Face ‘Exhaustion’ as They try to Force BTC Below $60,000

boss

Bitcoin (BTC) extended losses after Friday’s Wall Street open as traders prepared for a retest of $60,000. Key points: Bitcoin begins a battle to protect $60,000 support as sell-side pressure refuses to cool. Analysis sees early signals that “seller exhaustion” is here. US nonfarm payrolls data produce a stronger-than-expected picture of US labor market conditions. Bitcoin battles for $60,000 support Data from TradingView showed daily BTC price downside approaching 5% as sellers stayed in the driving seat. BTC/USD one-hour chart. Source: Cointelegraph/TradingView “Rapidly approaching its February low at $60K. Now…

Visa Tests Private Stablecoin Settlement on Canton Network

boss

Visa is testing whether privacy-enabled blockchain networks can support institutional stablecoin settlement without exposing sensitive transaction data, in a proof of concept with stablecoin infrastructure company Brale and the Canton Network, a permissioned ledger backed by major Wall Street firms. The project, announced Thursday, uses SBC, a US dollar-backed stablecoin issued by Brale, to simulate institutional payment flows on Canton as Visa evaluates whether SBC could become another stablecoin option in its settlement program. The initiative extends Visa’s earlier experiments using stablecoins for settlement on public blockchains, which began in…

Blackrock Ends Bitcoin ETF Selloff as IBIT Pulls in $48M After 13 Red Days

boss

Key Takeaways Bitcoin ETFs gained $3.05M on June 4, ending a 13-day outflow streak. Ether ETFs added $19.3M via ETHA, signaling renewed demand after 17 red sessions. HYPE ETFs extended inflows to 16 days with $12M, while XRP added $3.8M. HYPE ETFs Extend Winning Streak to 16 Days With $12M in Fresh Inflows The long red streak finally broke, but the relief was uneven. After nearly three weeks of pressure across the largest crypto ETF categories, bitcoin and ether funds both returned to positive flows. It was not a sweeping…

Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend

boss

Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped below a descending trendline, and the current structure still favors sellers unless price can reclaim important resistance levels. However, technical analysis projection leaves room for a recovery move if Bitcoin breaks out of the bearish trend and starts building momentum above confirmation levels. Bitcoin…