Category: Bitcoin News

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…

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…

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…

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…

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…

XRP Price Takes Another Hit As Bitcoin-Led Weakness Spreads Across Crypto

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

$1.2B Liquidated as Bitcoin Tests $62.5K Support Amid Sharp Crypto Selloff

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Key Takeaways Coinglass recorded $1.12B in liquidations on June 3, with $949M from longs. Bitcoin hit $62,569 on Binance at 9:50 p.m. EDT on Wednesday, placing the $60K support zone in focus. Ethereum saw $252.9M liquidated as traders watch ETF flows and macro data. Data from Coinglass shows total liquidations reached approximately $1.12 billion over the last day, with long traders absorbing the overwhelming majority of the damage. Nearly $949 million in bullish positions were wiped out compared with roughly $169 million in short liquidations. The move came as bitcoin…

SpaceX IPO sets up Bitcoin exposure test as liquidity fears grow

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SpaceX has outlined plans for a record $75 billion stock market debut that would value Elon Musk’s space and AI company at about $1.77 trillion. Summary SpaceX plans to raise $75 billion through an IPO that would value the company at about $1.77 trillion. Elon Musk would keep 82.4% voting control after the offering, according to the company’s SEC filing. The IPO could surpass Saudi Aramco’s 2019 listing and become the largest public offering in history. SpaceX said the proceeds will support its rocket, Starlink, artificial intelligence and space data…

Nineteen New AI Billionaires Worth $59.3 Billion. Will the Boom Make You Rich? – Bitcoin News

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Key Takeaways OpenEvidence topped 100M consultations, creating 19 AI billionaires worth $59.3B in 2026. Mercor grew revenue from $100M in 2025 to $1B in 2026, boosting AI data infrastructure. Bill Gates backs AI tax debates as investors target regulated sectors with measurable ROI. The first crop of AI tycoons made their money on foundational models; now a second wave is cashing in on what those systems can actually do. From coding agents and legal automation to a healthcare engine credited with more than 100 million consultations, startups are minting fortunes…