Author: boss

Over $600M in Bitcoin Longs Liquidated As BTC Price Nears $60K

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Bitcoin’s (BTC) brief plunge toward the $60,000 area triggered more than $600 million in long liquidations, raising doubts over whether the latest rebound marks a real bottom or only a relief bounce after a leverage flush. BTC price may rebound toward $70,000 next BTC fell to roughly $61,300 on Thursday before recovering 5.52% to around $64,690, with the rebound coinciding with reports that Israel and Lebanon had agreed to implement a ceasefire. BTC/USD four-hour chart. Source: TradingView The volatile move liquidated over $737 million in BTC positions on a 24-hour…

Bitcoin has lost its momentum trade, says Charles Schwab’s Jim Ferraioli

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Bitcoin has fallen more than 16% over the past month even as the S&P 500 has gained 5%, a divergence that Charles Schwab says is being driven less by crypto-specific problems and more by investors chasing opportunities elsewhere. Summary Charles Schwab’s Jim Ferraioli says Bitcoin has struggled as investors chase momentum in AI stocks, commodities and anticipated IPOs. Ferraioli argues Bitcoin is competing for capital with a growing range of speculative opportunities, including pre IPO trading on platforms such as Hyperliquid. Recent ETF outflows and profit-taking by investors have added…

Maelstrom Predicts Worldcoin Token Surge to $5

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Arthur Hayes’ investment firm Maelstrom said Worldcoin could surge to as high as $5 per token over the next few months, with WLD acting as a crypto proxy for the AI boom. “The AI mega IPOs are coming — and it appears the market has overlooked one of the cleanest proxies,” said Maelstrom researcher Lukas Ruppert on Wednesday.  The AI boom has been in full swing in the US. OpenAI confidentially filed its IPO prospectus with the SEC on May 22, targeting a public debut in September 2026, with the…

Bitmine Targets $300M in Preferred Stock to Stack More ETH, Yields 9.50% – Bitcoin News

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Key Takeaways Bitmine filed to raise $300M through 9.50% perpetual preferred stock on June 3, 2026, backed by Moelis and Cantor Fitzgerald. The company holds 5,416,901 ETH worth roughly $9.89B total (using current exchange rates), with projected staking income of up to $296M annually covering the $28.5M dividend obligation. BMNR applied to list the preferred shares on NYSE under BMNP, with trading expected within 30 days of issuance pending approval. The Offering The said it company filed a preliminary prospectus supplement with the SEC on June 3, 2026, pricing 3,000,000…

US Democrats Push for FTC Investigation Into Prediction Markets

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Nine Democratic lawmakers in the US House of Representatives have called on the Federal Trade Commission to launch a probe into how prediction markets are advertising to customers compared to how they present themselves to regulators. In a statement on Wednesday, US Representatives Kevin Mullin and Gabe Vasquez said the FTC should investigate whether online prediction market platforms are misleading customers by advertising as gambling platforms while telling regulators they are financial tools offering investment products. Prediction markets allow users to trade contracts on the outcome of future events. They…

Zcash Fixes Critical Vulnerability As ZEC Holds $600 Support

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Zcash has patched a dangerous vulnerability in its privacy-focused infrastructure that could have enabled double-spending, deploying an emergency network upgrade to prevent exploitation. Related Reading Zcash Fixes Critical Bug With Emergency Upgrade On Wednesday, the Zcash Foundation revealed that developers had fixed a serious vulnerability in its Orchard shielded pool, which could have allowed invalid state transitions, potentially enabling double-spending within the pool. According to the report, Zcash researcher Taylor Hornby, who is conducting an ongoing protocol audit on behalf of Shielded Labs, discovered a critical soundness vulnerability in the…

Polymarket upholds ‘No’ ruling in disputed Strategy Bitcoin sale market

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Polymarket has finalized a disputed prediction market with a “No” outcome after 98.6% of voting power backed the decision in a final UMA review, despite Strategy disclosing that it sold 32 Bitcoin before the market’s May 31 deadline. Summary Polymarket finalized the disputed Strategy Bitcoin sale market with a “No” outcome after 98.6% of UMA voting power backed the decision. Traders challenged the ruling because Strategy disclosed that it sold 32 Bitcoin between May 26 and May 31, before the contract deadline. The dispute has fueled debate over whether prediction…

Bitcoin price slides below $63K as Iran tensions shake crypto markets

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Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened.  Summary Bitcoin dropped below $63,000 as sellers broke the May range and liquidations crossed $1.1 billion. Analysts now watch $60,000, $55,000 and $50,000 as pressure builds across Bitcoin derivatives markets. RSI and MACD readings show Bitcoin is deeply oversold, but bearish momentum remains active. The move pushed BTC to its weakest level since February and extended a sharp decline from its May range. The drop came as renewed U.S.-Iran tensions weighed on wider risk markets. The…

Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels

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Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year’s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately. Related Reading Short-term holders are realizing losses at the strongest pace since early February. The “STH Loss to Binance” metric on Binance dropped to -16,400 BTC on June…

Bitmine Launches $300M Preferred Stock Offering for Ethereum

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Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook.  Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual preferred stock at $100 per share, which will trade under the symbol BMNP within 30 days of issuance.  Preferred shares are a hybrid of stocks and bonds. Investors are not directly betting on the company’s growth but lending it money in exchange for regular payments. For every $100 share,…