Category: News

Coinbase funds first Bitcoin mortgage backed by Fannie Mae

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Coinbase has funded the first Fannie Mae-insured mortgage in the U.S. using Bitcoin-backed collateral, bringing digital assets into a part of the housing finance market traditionally dominated by cash savings and bank deposits. Summary Coinbase and Better Mortgage have completed the first Fannie Mae-insured U.S. mortgage backed by Bitcoin collateral. Borrowers can pledge Bitcoin and USDC without selling their holdings, with the assets held in a custodial account during the mortgage process. Better Mortgage expects up to $250 million in loan volume from its waitlist, while Coinbase plans a nationwide…

Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital – Bitcoin News

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Key Takeaways Strategy sold 32 BTC on June 1, 2026, ending its standalone sale streak since 2022. U.S. bitcoin ETFs logged $4B in outflows, adding pressure to BTC prices. Michael Saylor cites $400B artificial intelligence (AI) spending as a key factor to watch next. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500. The asset is down 26.5% year-to-date, 11.8% over the past week, and more than 20% during the last 30 days. It also sits roughly 48% to 49% below…

Bitcoin price recovers after weak U.S. jobs data eases pressure on risk assets

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Bitcoin has rebounded from an intraday low near $61,500 after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could still lower interest rates later this year. Summary Bitcoin price rebounded from an intraday low near $61,550 after U.S. jobless claims exceeded forecasts, boosting expectations of future Federal Reserve rate cuts. U.S. initial jobless claims rose to 225,000 last week, while first-quarter labor costs increased 1.8%, below economists’ 2.5% estimate. Despite the recovery, Bitcoin remains below a key technical support level after confirming a bearish rounding-top pattern, with…

Bankless Co-Founder Reveals New Crypto Portfolio After Ethereum Sale

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Bankless co-founder David Hoffman has disclosed how he redeployed capital after selling ETH, revealing a new portfolio tilted toward VVV, NEAR, ZEC, HYPE and LIT. The move marks a notable shift for one of Ethereum’s most recognizable public advocates and has triggered debate over whether Hoffman is rotating into a new long-term thesis or chasing a different segment of the market. In a post on X, Hoffman said he “immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE” after selling ETH. The other half, he said, was held…

Saylor Says Bitcoin Slide Is Capital Rotation as Strategy Loss Grows

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Strategy’s Bitcoin holdings fell deep into paper-loss territory as BTC traded below the company’s average purchase price, renewing scrutiny of Michael Saylor’s Bitcoin treasury model. Strategy holds 843,706 Bitcoin (BTC) acquired at an average price of $75,699 per coin, with a total cost basis of $63.8 billion. However, the latest Bitcoin downturn sank the value of Strategy’s Bitcoin reserve to $52.6 billion, pushing its unrealized loss to $11.2 billion, according to the company’s dashboard. Strategy’s variable-rate perpetual preferred stock, STRC, has also declined below its intended $100 value and is…

$1 Trillion Payments Giant Visa Tests Private Stablecoin Settlement for Institutions – Bitcoin News

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Key Takeaways Visa and Brale launched a 2026 SBC stablecoin settlement proof of concept. Canton Network privacy features target institutional payment and compliance needs. Visa, active in stablecoins since 2021, is evaluating additional settlement options. Visa Expands Stablecoin Strategy The collaboration centers on SBC, a U.S. dollar-backed stablecoin issued by Brale, and will examine whether privacy-enabled blockchain infrastructure can support faster and more programmable settlement while helping institutions protect sensitive transaction data. Visa said the initiative reflects growing interest among financial institutions in using stablecoins for settlement without sacrificing privacy,…

Bitcoin crashed below $62,000. What happened

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Bitcoin has been in freefall since June 2, 2026. What started as a midday flash crash that knocked the price from about $71,765 to $67,895 has turned into a three-day slide. Summary Bitcoin fell below $62,000 after a three-day selloff that erased months of gains and triggered roughly $1.8 billion in liquidations. Data showed leverage had climbed to levels last seen before the October 2025 crash, leaving the market vulnerable to a liquidation cascade. Analysts pointed to weakening Bitcoin demand, persistent ETF outflows, and broader risk aversion as factors that…

Bitcoin’s $60K Range Seen As Potential Long-Term Accumulation Zone, Analyst Says

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A heavy wave of US Treasury issuance, a $250 billion IPO pipeline, and a shift in big tech cash toward AI spending are among the pressures Jamie Coutts says could keep markets tight for a while longer. The Real Vision chief crypto analyst still thinks Bitcoin buyers in the $60,000s may be getting a rare long-term entry point, even if the market has not fully washed out yet. The Pressure Building Coutts framed the recent drop as part of a broader reset, saying Bitcoin has already fallen about 50% from…

Asian Food Company DDC Now Holds 2,804 BTC After Adding 90 More Bitcoin

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Key Takeaways DDC Enterprise purchased 90 BTC on June 3, 2026, lifting total holdings to 2,804 BTC at a $78,736 average cost. The company’s YTD BTC Yield of 48.3% tracks per-share bitcoin exposure growth, not price appreciation. DDC now ranks approximately #28 among public corporate bitcoin holders, with holdings nearly tripling since mid-2025. Another Dip Buy as Holdings Near 3,000 BTC The company announced the purchase via its official X account with the note: “When the market offers discounts, we lean in.” The 90- bitcoin buy follows a 131 BTC…

Apex Group Joins Tokenized Real Estate Fund on Goldman Sachs Platform

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Apex Group is providing fund management services for a tokenized real estate fund whose shares are being issued on Goldman Sachs’ Digital Asset Platform, GS DAP. The fund was developed with Goldman Sachs, digital asset exchange Archax, real estate investment manager LRC Group and interoperability provider Ownera, Apex said Thursday. “Tokenization at institutional scale depends on trusted, regulated infrastructure,” Apex Group’s global head of digital assets, Agnes Mazurek, said, adding that its participation reflects growing demand from managers and investors for blockchain-native solutions. The project reflects a growing push by…