Category: Bitcoin News

Mt Gox Moves $953 Million in Bitcoin After Eight-Month Pause

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Key Takeaways Mt Gox moved about 10,608 BTC ($953 million) in early June, its first large transfer in eight months. The estate still holds roughly 34,689 BTC ($3.14 billion), with repayments delayed to October 2026. The receiving wallet has not sent coins to exchanges, easing fears of imminent selling. The First Big Move in Many Months A Mt Gox-labeled cold wallet moved about 10,608 BTC, valued at roughly $953 million, into a newly created address, marking the estate’s first large-scale transfer in eight months. Onchain analytics accounts, including Lookonchain, flagged…

Kalshi eyes XRP, Solana and Dogecoin perps after Bitcoin approval

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Kalshi has reportedly filed to certify perpetual futures tied to XRP, Solana, Dogecoin and other major crypto assets in the United States. Summary Kalshi reportedly filed to certify XRP, Solana, Dogecoin and other altcoin perpetual futures in the U.S. The move follows CFTC approval for Kalshi’s Bitcoin perpetual futures contract, known as BTCPERP. Kalshi’s reported XRP filing follows rising demand for regulated U.S. crypto derivatives products. The reported filing would expand Kalshi’s crypto derivatives plan beyond Bitcoin. A post from BankXRP said Kalshi filed to certify perpetual futures for XRP,…

Will Bitcoin price fall to $65K next as ETF outflows deepen?

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Bitcoin price has fallen below $70,000 after deepening ETF outflows, Mt. Gox-linked wallet movements and renewed geopolitical stress pushed traders into a risk-off stance. Summary Bitcoin price fell below $70,000 as ETF outflows topped $3.4 billion and Mt. Gox moved $739 million worth of BTC. Over $744 million in liquidations hit the market after BTC lost the $72,500–$73,000 support zone. Analysts see $68,700 as the next key support, with $65,000 in focus if selling pressure continues. According to market data, Bitcoin (BTC) price traded near $69,400 on June 2 after…

10 leading Bitcoin cloud mining platforms of 2026

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cloud mining gains popularity in 2026 as platforms like AJC Mining lower barriers to Bitcoin mining participation. As the cryptocurrency industry continues to develop, traditional crypto mining is no longer suitable for most ordinary users. In the past, anyone who wanted to participate in Bitcoin mining usually needed to purchase expensive ASIC mining machines, pay high electricity costs, manage cooling systems, handle noise issues, and understand technical mining configurations.…

Bitcoin Traders Lose $455M on Long Bets as BTC Dips Below $70,000

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Key Takeaways Strategy sold 32 BTC for $2.5M to pay debts, triggering a bitcoin drop under $70,000 on Tuesday. The bitcoin slide triggered over $470M in leveraged position liquidations in 24 hours. Bears like Peter Schiff warn of a crash, but Raoul Pal sees a standard bitcoin bull correction. Massive Liquidations Rock Crypto Traders Bitcoin ( BTC) continued to plunge Tuesday morning, dropping below $70,000 as the fallout from Strategy’s sale of 32 bitcoins continued to rock the cryptocurrency market. According to Bitstamp data, the top cryptocurrency tumbled to $69,390,…

Polymarket users challenge outcome of $80M Strategy Bitcoin bet

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More than $80 million has been wagered on a Polymarket market tied to Strategy’s Bitcoin sales, with the outcome now heading to a final dispute process after the company disclosed that it sold 32 BTC before the market’s May 31 deadline. Summary A Polymarket market with more than $80 million in volume entered a dispute after Strategy disclosed a 32 Bitcoin sale that occurred before the May 31 deadline. Polymarket proposed a “No” resolution, arguing that confirmation of the sale was not publicly available within the market’s timeframe. The final…

Is Mt. Gox selling $739 million worth of Bitcoin?

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Mt. Gox has transferred 10,422 BTC worth about $739 million in its first on-chain bitcoin movement since March, raising concerns among market watchers. Summary Mt. Gox moved 10,422 BTC worth about $739 million in its first major bitcoin transfer since March, according to Arkham Intelligence. Blockchain data shows the bitcoin was sent to a new unmarked wallet rather than a known exchange address, leaving the purpose of the transfer unclear. The exchange still holds more than 34,500 BTC as creditor repayments continue under a deadline that runs through October 2026.…

Sosnick Warns Crypto’s ‘Tourists’ Are Cashing out as Bitcoin ETFs Bleed $1.42 Billion

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Key Takeaways Interactive Brokers’ Steve Sosnick warns crypto bought by performance chasers will be sold by performance chasers. Spot bitcoin ETFs lost $1.42 billion last week, the third-highest weekly outflow on record. A real conviction-based rally, Sosnick argues, depends on holders who do not flee at the first AI-stock distraction. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital that flowed into crypto during the rally never had real conviction behind it. “If it was…

S&P 500 Closes at Record 7,599 as Stocks Outrun a Lagging Bitcoin

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Key Takeaways The S&P 500 closed at a record 7,599.96 on June 1, up 0.26% on an Nvidia-led tech rally. Bitcoin opened June below $71,000 after $2.43 billion in May spot ETF outflows, lagging stocks. A widening stocks- crypto gap could test bitcoin’s correlation with risk assets into the summer. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.26% to close at an all-time high of 7,599.96, while the Nasdaq Composite gained 0.42% to 27,086.81 and the Dow Jones…

Bitcoin ETF withdrawals reach $3.45B in 11 day streak as BTC slides

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Bitcoin ETFs have recorded $3.45 billion in net outflows across 11 consecutive trading sessions after another $483.8 million left the funds on Monday, as investors reacted to geopolitical tensions and renewed selling pressure in the crypto market. Summary U.S. spot Bitcoin ETFs recorded $483.8 million in net outflows on Monday, extending their losing streak to 11 consecutive trading sessions. Bitcoin fell below $71,000 as ETF withdrawals accelerated and geopolitical tensions between the U.S. and Iran weighed on market sentiment. Strategy disclosed its first Bitcoin sale since 2022, while more than…