Author: boss

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

boss

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,…

XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected

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Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand. Real Banks Are Moving In According to the XRP-focused treasury company, some of the busiest names on the network over the past year include Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank. The firm says that kind of traffic shows more than trader interest, with real financial activity taking place on…

Wyoming targets AI data centers as Bitcoin mining power race grows

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Wyoming Governor Mark Gordon signed Executive Order 2026-03 to guide data center and advanced computing development across the state. The order is titled “Data Centers the Wyoming Way.” Summary Wyoming’s order guides AI data center growth while seeking to protect water, power and local communities. Big Tech’s $650B AI spending plan adds pressure on states with cheap land and energy. Bitcoin miners in Wyoming could benefit as more firms shift toward AI and HPC hosting. The order applies to state agencies that permit, review, regulate, support or help large data…

Global Crackdown Targets Southeast Asia Crypto Scam Operations

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Crypto exchange Coinbase said it froze more than $3 million in cryptocurrency tied to a global operation targeting cyber-enabled crypto scam networks in Southeast Asia.  The operation was part of Disruption Week led by the US Department of Justice’s Scam Center Strike Force, which brought together government entities and private industries to tackle crypto fraud targeting Americans.  “This operation is proof that scammers can’t be stopped by any single company or agency acting alone,” said Coinbase.  “It took social platforms, financial institutions, connectivity providers, and law enforcement working in lockstep…

Crypto Is A ‘Failed’ Asset Class, Says Renowned Economist

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Economist and macro trader Alex Krüger has argued that “crypto” has largely failed as an asset class, even as blockchain-based adoption accelerates across stablecoins, tokenization, prediction markets, perps, AI and privacy-focused assets. In a post on X, Krüger drew a sharp distinction between the speculative crypto market of recent cycles and the parts of the industry he believes are still showing meaningful traction. His central claim was blunt: most crypto tokens have failed to produce durable value for holders, while founders and insiders have repeatedly used the sector’s weak guardrails…

Community Clashes Over Strategy’s First Bitcoin Sale in 4 Years as MSTR Craters 7%

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Key Takeaways Strategy sold 32 bitcoin for $2.5 million between May 26 and May 31, its first disclosed sale since December 2022. MSTR shares dropped roughly 6% to around $150 and bitcoin fell below $65,000 days after the June 1 filing, triggering billions in crypto liquidations. Crypto analysts and X commentators split sharply on whether the sale signals routine treasury management or the first crack in Saylor’s accumulation machine. Forty-One Months of Holding, Then This The filing, signed by Executive Vice President and General Counsel Thomas C. Chow, confirms the…

Bitcoin Holders Signal Stress, $60K Becomes Critical Battleground

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…