Category: Bitcoin News

Trader Loses 1,680 BTC Fight as South African Court Classifies Bitcoin as Capital

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Key Takeaways Judge Wilson ruled on June 1 that Square Mangundhla’s 1,680 bitcoins were lawfully seized as capital. The decision clashes with a May 2026 SARB and FSCA statement denying crypto’s status as legal tender. Expect tension ahead as South African regulators navigate this new legal framework for digital assets. The Catalyst: Seizure of 1,680 Bitcoins A South African High Court has ruled that bitcoin can be treated as capital because it satisfies the definition of a financial asset capable of holding value or serving as a medium of exchange.…

Ethena Labs Moves Into Institutional Off-Chain Lending With Anchorage Digital – Bitcoin News

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Key Takeaways Anchorage Digital’s Atlas platform now manages collateral for Ethena Labs’ institutional lending, keeping assets in qualified custody. Anchorage Digital Bank N.A. also issues USDtb, making it Ethena Labs’ partner across two core infrastructure workstreams. The deal targets institutional borrowers who need onchain credit access without moving collateral outside regulated custody frameworks. What the Deal Does Under the structure, Anchorage Digital holds and monitors collateral, while Ethena Labs deploys capital into institutional loans, Anchorage detailed in a release shared with Bitcoin.com News. Collateral stays within Anchorage Digital’s custody framework…

Blackrock IBIT Sheds $440M as Bitcoin ETF Outflows Reach 11 Days

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Key Takeaways Bitcoin ETFs lost $483.8M on June 1, with Blackrock IBIT leading outflows at $440.3M. Ether ETFs saw a 15th straight outflow day, as Blackrock ETHA shed $35.0M. XRP and HYPE ETFs gained $5.4M combined, signaling selective institutional demand. XRP ETFs Add $4.1M as Bitcoin and Ether Funds Lose $528M Combined June began with the same pressure that closed out May. Bitcoin ETFs remained at the center of the selloff on Monday, as investors pulled $483.76 million from the category. It was the 11th consecutive day of outflows, a…

Bitcoin Sinks to $66,346 as $1.35B in Long Liquidations Accelerate Market Selloff

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Key Takeaways Bitcoin dropped over 6% in 24 hours to a June multi-week low of $66,948. The sell-off wiped out $1.35 billion in crypto long positions, according to Coinglass data. K33 Research projects lower volume and downward price drift through August. Market Cap and Liquidation Crunch Bitcoin’s poor start to June continued as the cryptocurrency tumbled below $67,000, hitting another multi-week low. The daily chart shows bitcoin steadily declining from just over $71,500 late June 1 to an intraday low of 66,346, a loss of more than 6% in 24…

Debt crisis fears put Bitcoin undervaluation back in focus

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Bitcoin has drawn a new valuation argument from Bitwise, as rising sovereign debt pressures keep bond markets under strain and strengthen the case for BTC as a macro hedge. Summary Bitwise said rising sovereign debt pressure could strengthen Bitcoin’s role as a hedge against macroeconomic risk. The OECD expects governments and companies to borrow about $29 trillion in 2026, as refinancing needs continue to rise. Bitwise cited Greg Foss’s model, which puts Bitcoin’s theoretical fair value at around $224,000 if adoption expands. Bitwise said in a new report that deeper…

Altcoin Season Index at 49 — Traders Need Bitcoin Dominance Below 55% to Trigger Rotation

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Key Takeaways Bitcoin fell below $68,000 on June 2, 2026, pulling bitcoin dominance ( BTC.D) down to roughly 58%. Blockchain Center’s Altcoin Season Index reads 49, still 26 points below the 75 threshold for confirmation. A sustained BTC.D break below 55% is needed before a broad altcoin rotation can be confirmed. Bitcoin Dominance Slides as BTC Loses Ground Bitcoin dominance ( BTC.D) stood at approximately 58.0% to 58.7% as of early June 2026, according to several data aggregation sites. That is down from roughly 59.2% the prior day and 60.0%…

The Onchain Line Behind Every Bitcoin Bottom Sits Near 40%, Short of ‘Maximum Opportunity’

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Key Takeaways Cryptoquant contributor MorenoDV says the stress gauge sits near 40%, below the deeper readings that marked past bottoms. Bitcoin opened June below $70,000 after a $2.43 billion May spot ETF outflow, the worst of 2026. MorenoDV urges patience, noting the strongest entries appear only after selling exhaustion is confirmed. A Line That Keeps Marking Bottoms MorenoDV pointed to an onchain stress measure that he says has lined up with every major bitcoin bottom for over a decade. The indicator tracks how much financial stress the market is absorbing,…

Moonpay Connects Institutions to Franklin Templeton’s Tokenized Funds in New Onchain Push – Bitcoin News

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Key Takeaways Franklin Templeton and Moonpay launched an integration connecting BENJI tokens to Moonpay Trade’s institutional onchain execution infrastructure. Eligible institutions can now swap between stablecoins and Franklin Templeton tokenized funds, supporting treasury and collateral workflows. The deal extends Franklin Templeton’s 2026 onchain expansion, following its April BENJI-based acquisition of 250 Digital. What the Integration Does The deal links Franklin Templeton‘s proprietary blockchain-enabled recordkeeping system to Moonpay Trade’s quote, routing, and execution network. Eligible institutional users can now move between supported stablecoins and Franklin Templeton’s tokenized money market fund suite…

Strive adds 2,500 BTC while Bitcoin slides below key levels

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Strive Inc. has raised its Bitcoin holdings to 19,000 BTC after buying an additional 2,500 BTC between May 23 and June 1, 2026. Summary Strive purchased 2,500 bitcoin between May 23 and June 1, raising its total holdings to 19,000 BTC. The company bought the bitcoin at an average price of about $74,092 per coin, including fees and expenses. Strive’s cash and cash equivalents increased to $137.3 million from $93.3 million during the same period. A June 2 filing with the U.S. Securities and Exchange Commission said the Nasdaq-listed company…

Strive Buys 2,500 Bitcoin, Holdings Reach 19K BTC as $4.2B Funding Plan Advances

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Key Takeaways Strive increased its bitcoin holdings to 19,000 BTC, enhancing exposure to cryptocurrency price movements. Cash and equivalents rose to $137.3 million, strengthening liquidity and supporting operational flexibility. Planned funding expansions could provide billions in capital for corporate needs, acquisitions, or additional treasury activity. Strive Grows Its Bitcoin Treasury While Building a Larger Cash Cushion A June 2 filing with the U.S. Securities and Exchange Commission (SEC) shows that between May 23 and June 1, 2026, Strive Inc. (Nasdaq: ASST) purchased 2,500 bitcoin. The purchases lifted holdings to 19,000…