Category: News

SpaceX Tokenized IPO Campaign Draws $557M on Binance Ahead of Debut

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Binance’s SpaceX tokenized IPO campaign attracted over $557 million in USDC deposits from about 27,689 wallet addresses ahead of the company’s highly anticipated public listing. Wallets contributing up to $20,000 accounted for more than 81% of participating addresses but only 18.39% of total funds, while 114 addresses contributed over $500,000 each, representing about 10.2% of the funds, according to Dune data. The deposits point to strong demand for crypto-based pre-IPO exposure ahead of SpaceX’s Nasdaq debut on Friday, with the company seeking to raise $75 billion at $135 a share…

Bitcoin at $63,400 as Iran Says Strait of Hormuz Remains Closed Despite Trump’s ‘Great Deal’ Claim

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Key Takeaways Iran kept the Strait of Hormuz shut on June 11 even as Trump claimed a U.S.-Iran deal was reached. The waterway carries about 20% of global energy; its closure has pushed oil and inflation higher. Bitcoin traded near $63,400 on June 11, recovering from a $60,914 low as de-escalation hopes rose. Conflicting Claims Trump said during a tele-rally that the U.S. had “made a great deal” with Iran, but Tehran did not confirm any agreement. The mixed signals captured a tense, fast-moving standoff with public broadcaster NPR reporting…

Bitcoin price rebounds as Iran deal hopes cool market panic

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Bitcoin returned to positive territory on June 12 as risk appetite improved after signs of possible U.S.-Iran de-escalation. Summary Bitcoin rebounded near $63,430 as Iran de-escalation helped reverse this week’s risk-off crypto pressure. Glassnode data showed options fear eased after one-week implied volatility briefly jumped toward 65%. Spot Bitcoin ETFs saw $19.03 million in outflows, extending redemptions for five straight sessions. Bitcoin traded near $63,700 on June 12, up about 1% over 24 hours, according to crypto.news market data. The asset also gained 1.66% over seven days, showing a recovery…

Kraken Named Crypto Exchange Supporter Of FIFA World Cup 2026

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TL;DR Kraken says it has become the Official Crypto Exchange Supporter of the FIFA World Cup 2026. The tournament expands to 48 teams and 104 matches across 16 host cities in Canada, Mexico, and the United States. Kraken says the partnership is designed to drive crypto adoption, education, and brand awareness among global football fans. The deal shows crypto companies are again using major sports partnerships to reach mainstream audiences. Kraken has been named the Official Crypto Exchange Supporter of the FIFA World Cup 2026, giving the exchange a global…

Bitcoin Miners Reveal New ‘Long-Term Buying Opportunities’ at $61,000

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Bitcoin (BTC) miners are back under pressure as data hints that a new buying opportunity is now here. Key points: Bitcoin miners are in the “capitulation” phase of the current bear market, data suggests. A trader argues that there is no “clearer sign” to add BTC exposure as a result. Bitcoin miners are now operating on sub-5% margins. Trader on miner data: No “clearer sign” to buy Bitcoin In an X post on Thursday, pseudonymous trader Killa warned that miners were “capitulating” based on price versus difficulty. “You literally have…

Whale Opens $22.3M SPCX Long as Synthetic Price Hits 30% premium

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SpaceX’s IPO is already spilling into crypto markets, where one whale has opened a $22.3 million leveraged long on SPCX, a synthetic pre-IPO perpetual contract tied to Elon Musk’s aerospace company. Key takeaways: The whale is already sitting on more than $1.15 million in unrealized profit. Synthetic SPCX is trading near $175, roughly 30% above SpaceX’s $135 IPO price. Whale’s paper profits are over $1.15 million already The whale’s position, visible on data resource Hypurrscan, shows the trader holding a 2x isolated long on “xyz:SPCX” worth about $22.29 million. Address…

TRM Warns of World Cup Crypto Scams Targeting Fans

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TRM Labs warned that crypto scammers are targeting FIFA World Cup fans through fake ticketing sites, fixed-match betting schemes and event-themed crypto promotions.  The blockchain intelligence company said it identified several World Cup-related scam operations, including two fake-ticketing sites and one fixed-match betting pitch tied to four crypto addresses. “Criminals always look to exploit major events and cultural moments and they don’t wait until kickoff,” Ari Redbord, global head of policy at TRM Labs, told Cointelegraph. “Scammers build and position their infrastructure weeks in advance, then scale it the moment…

Crypto Laundering Network Linked To Ransomware Dismantled

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TL;DR Chainalysis says law enforcement has dismantled AudiA6, a crypto laundering network linked to ransomware and darknet activity. The firm says the network processed about 10,333 BTC since 2021, historically valued at roughly $389 million. Authorities arrested two suspected senior administrators in Georgia, while the U.S. is seeking extradition. The case highlights how illicit crypto cash-out networks can rely on legitimate exchanges, mule accounts, and darknet infrastructure. An international law enforcement operation has dismantled a cryptocurrency laundering network known as AudiA6, according to blockchain analytics firm Chainalysis, in a case…

Strategy’s 32 BTC sale puts Saylor’s Bitcoin mantra on trial

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Michael Saylor defended Strategy’s small Bitcoin sale at BTC Prague, saying the move did not change the company’s long-term Bitcoin position. Summary Strategy sold 32 BTC for $2.5 million to fund preferred stock dividend payments due June. Saylor said his never-sell advice targeted individual holders, not corporate treasury management decisions at Prague. Strategy later bought 1,550 BTC, lifting current reserves to 845,256 Bitcoin after the sale disclosure. Michael Saylor addressed Strategy’s 32 BTC sale during an appearance at BTC Prague on June 11. The comments followed criticism from traders who…

Bitcoin options expiry puts $60K support in focus as $2.5B expires

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Bitcoin and Ether options worth about $2.5 billion expire on June 12, putting the $60,000 to $62,000 Bitcoin range back in focus. Summary Bitcoin options worth $2.23 billion expire today as BTC trades close to $63,000 support levels. GreeksLive data showed downside dealer exposure concentrated around Bitcoin’s key $60,000 to $62,000 range. Ether options worth about $293 million also expire, with ETH still flat near $1,650. Around 35,000 Bitcoin options contracts expire today, with a notional value near $2.23 billion. The event is slightly larger than last week’s expiry, but…