Category: Bitcoin News

Bitcoin Drops 10% in 3 Days, Falls Below $66K as $500M Liquidation Wave Hits

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Key Takeaways Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362. Over $1 billion in total crypto positions were liquidated over two days, led heavily by long bets. Strategy’s shock sale broke its HODL streak, threatening to pull bitcoin down toward $60,000 next. Bitcoin Erases April Gains Bitcoin’s downward slide continued on Wednesday as the cryptocurrency dipped below $66,000, erasing its April gains. The digital currency plunged from just over $67,700 to an intraday low of $65,362—a loss of more…

Bitcoin perps hit Kalshi as U.S. traders get long-awaited access

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Kalshi has launched CFTC-approved bitcoin perpetual futures in the United States, giving American traders access to a regulated version of a product that has long been dominated by offshore crypto exchanges. Summary Kalshi has launched CFTC-approved bitcoin perpetual futures for U.S. traders. The BTCPERP contract tracks bitcoin’s spot price and has no expiration date. The CFTC approved Kalshi’s bitcoin perpetual futures contract on May 29, 2026. Kalshi CEO Tarek Mansour said regulated onshore perps can improve risk management for American businesses. Kalshi announced on X that its bitcoin perpetual futures…

Bitcoin ETFs Lose $519M as Grayscale’s GSOL Pulls in Fresh Solana Demand

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Key Takeaways Bitcoin ETFs lost $519.2M on June 2, led by Blackrock IBIT outflows of $388.6M. Ether ETFs saw a 16th straight outflow day, with Blackrock ETHA losing $44.3M. Solana and HYPE ETFs gained $9.7M combined, signaling selective investor demand. Blackrock’s IBIT and ETHA Lead $609M in ETF Outflows Across Bitcoin and Ether The crypto ETF market is still bleeding at the top. Bitcoin funds took another hard hit on Tuesday, with investors pulling $519.19 million from the category. It was the 12th consecutive day of outflows, adding to a…

Bitcoin Miners Hit $1.08B in May Revenue, Then Prices Pull the Floor Away

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Key Takeaways Bitcoin miners crossed $1.086B in May revenue, the first billion-dollar month since January. Hashprice dropped 17.82% in 30 days, pushing the daily value per PH/s to just $30.77. A potential 7.5% difficulty cut around June 13 could ease pressure on surviving miners. Miners Feel the Weight of $66K Bitcoin The bitcoin mining sector is grappling with hashprice levels not seen since early April, with the daily value per petahash per second (PH/s) slipping 17.82% from a month ago. Data from hashrateindex.com indicates the daily revenue generated by 1…

Payments Giants Visa, Mastercard, and Stripe Back Stablecoin Platform for Faster Payments – Bitcoin News

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Key Takeaways Visa, Mastercard, and Stripe are reportedly backing a new joint stablecoin platform, per a June 3 Coindesk report. Visa’s stablecoin settlement pilot has reached $7B in annualized volume, with cards live in 18 countries and expanding to 100-plus by end of 2026. Mastercard’s $1.8B BVNK deal and six new USDC, RLUSD, and PYUSD settlement partners signal accelerating infrastructure investment in H1 2026. Payments Giants Eye Shared Stablecoin Infrastructure The platform, which has not been officially announced and carries no confirmed name, would bring together the three payments companies…

Kraken Unlocks US-Listed IPO Access for Retail Crypto Users Across 100+ Countries – Bitcoin News

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Key Takeaways Kraken parent Payward opens U.S.-listed IPO access to retail investors at the offering price via xStocks. The xStocks framework has processed over $30 billion in volume and serves 125,000+ holders globally. Payward plans to expand IPO access to new markets and onboard additional xStocks Alliance partners in 2026. The announcement, made on Wednesday, June 3, 2026, positions xStocks as the first crypto-native infrastructure to give everyday investors access to a corner of capital markets that has historically belonged to institutional buyers, private banking clients, and select regional brokerages…

Winklevoss twins move $67M Bitcoin as BTC selloff fears mount

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Winklevoss twins have transferred 1,000 Bitcoin worth about $67.5 million to a Gemini-linked hot wallet, drawing attention as Bitcoin trades near multi-month lows amid escalating market pressure. Summary Winklevoss twins moved 1,000 BTC worth $67.5 million to a Gemini-linked hot wallet, according to Arkham. The transfer follows roughly $130 million in Bitcoin movements by the Gemini founders in March. Bitcoin fell below $66,000 as U.S.-Iran tensions escalated, triggering over $1 billion in bullish BTC liquidations. According to on-chain data from Arkham Intelligence, wallets associated with Gemini co-founders Cameron and Tyler…

Mastercard Opens Stablecoin Settlement to 6 Partners Across USDC, RLUSD and PYUSD – Bitcoin News

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Key Takeaways Mastercard adds USDC, RLUSD, PYUSD, and three other stablecoins to its global card settlement network across 8 blockchains. ARQ, Cross River, Lead Bank, Nuvei, and CBW Bank are the first to activate stablecoin settlement in the U.S. and Latin America. Rollout expands through 2026, with additional regions, partners, and regulated stablecoins expected on the Mastercard network. What Mastercard Is Enabling The payments giant announced plans to support onchain card settlement using stablecoins alongside existing fiat processes. Partners will be able to settle transactions through the same global infrastructure…

The U.S. Bitcoin Reserve blueprint is due in July

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It has been more than a year since President Trump signed the executive order establishing a Strategic Bitcoin Reserve on March 6, 2025, and the project is finally moving from rhetoric toward machinery.  Summary The U.S. already has a Strategic Bitcoin Reserve, but it mostly holds seized Bitcoin rather than newly purchased BTC. July matters because the White House blueprint and Congress could clarify whether the reserve can become an actual buying program. The BITCOIN Act pushes for aggressive accumulation, while ARMA favors a 20-year lockup and a more moderate…

El Salvador Buys the Dip as Bitcoin Slides Under $66,000, Reserve Nears 7,600 BTC

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Key Takeaways El Salvador’s bitcoin reserve sits near 7,600 BTC, valued above $510 million as of June 3. The country kept adding coins through a roughly one-BTC-a-day policy even as prices have continued to collapse. A $1.4 billion IMF deal made accepting bitcoin optional, yet President Nayib Bukele keeps accumulating. A Familiar Playbook on a Red Day As bitcoin dropped under $66,000 this week, El Salvador leaned into the slide rather than away from it with President Nayib Bukele treating market weakness as an invitation to add to the national…