Category: News

Bitcoin’s ‘Higher Floor’ Thesis Puts $40K Bottom in Play: Galaxy Research

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New research from Galaxy Digital suggests that Bitcoin’s cycle low could form at higher price levels than previous bear markets due to the absence of speculation. The analysis places the potential bottom between $62,000 and the network’s realized price at $53,600. Galaxy head of research Alex Thorn analyzed every Bitcoin cycle top and bottom and noted that the four-year cycle continues to track closely with BTC’s historical timing. The peak-to-trough declines have steadily narrowed across market cycles, falling from 85% and 84% in earlier periods to 77% in 2022 and…

Bitcoin Orderbook Structure Hints At Recovery To $70K

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Bitcoin (BTC) is gaining buyers’ interest after setting a new yearly low at $59,000 last week. Order book data and liquidity suggest a rally is pending and more than $2 billion in short liquidity is concentrated near $65,000. BTC’s bid-ask ratio has remained positive since last Friday.  The shift in positioning and sentiment also aligns with a bullish chart pattern targeting the $67,000–$70,000 range.  BTC bulls attempt to regain control near support Bitcoin’s recent rebound to $63,500 followed a bullish divergence between the price and the relative strength index (RSI)…

Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails

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TL;DR Fireblocks says it has launched ETH Staking Link, a standardized interface for institutional Ethereum staking integrations. The company says more than 36 million ETH, roughly 30% of circulating supply, is now staked across Ethereum. Fireblocks says Ethereum staking on its platform has more than doubled over the last six months. The update also highlights post-Pectra compounding validators, which can support balances up to 2,048 ETH rather than the original 32 ETH cap. Fireblocks says institutional Ethereum staking is moving into a more standardized phase as the amount of ETH…

Coinbase Teases Next Phase of ‘Everything Exchange’ for Crypto, Stocks, Perps – Bitcoin News

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Key Takeaways Coinbase teased the next phase of a broader platform combining crypto, equities, futures, cash, and prediction markets. Instant settlement and round-the-clock trading are central to Coinbase’s pitch for modern financial infrastructure. Upcoming updates are expected on June 16, when Coinbase says it will show the next phase of the Everything Exchange. Coinbase Details Expanding Everything Exchange Vision Crypto exchange Coinbase (Nasdaq: COIN) teased the next phase of its “Everything Exchange” in a June 12 post on X and an article by Max Branzburg, its head of consumer and…

Aave Proposal Moves To Add Circle Wrapped Bitcoin Collateral

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TL;DR Aave Labs has proposed onboarding Circle Wrapped Bitcoin, or cirBTC, to Aave V3 Core and Aave V4 Core on Ethereum. The proposal says cirBTC is an ERC-20 token backed 1:1 by Bitcoin custodied at a regulated Circle entity. The move is still at the ARFC stage, meaning it needs community feedback, a Snapshot vote and a later AIP before any on-chain implementation. If approved, the listing would give Aave users another Bitcoin-backed collateral option as the market for BTC wrappers becomes more competitive. Aave Labs has opened a governance…

Citi Rolls Out Blockchain Platform for Private Shares

Luisa Crawford Jun 12, 2026 21:05 Citigroup’s blockchain marketplace debuts with tokenized private company shares, reshaping pre-IPO investing for institutional and wealthy investors. Citigroup has unveiled a blockchain-based marketplace for private company shares, marking a significant step in Wall Street’s adoption of tokenized finance. The platform, launched on June 11, 2026, allows investors to purchase Digital Depositary Receipts (DDRs) issued by Citi, which represent ownership interests in pre-IPO companies. Initially available to foreign investors, the bank plans to expand access to U.S.…

GameStop caps Bitcoin upside again as Coinbase deal rolls over

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GameStop has extended a Bitcoin options deal with Coinbase after the previous contracts expired worthless, preserving $5.8 million in premium income and resetting the strike at $80,000. Summary GameStop renewed a covered-call Bitcoin strategy with Coinbase, collecting $5.8 million in option premiums. Nearly all 4,710 BTC remain pledged under the arrangement, with the strike price lowered to $80,000. Most quarterly profit came from interest income and eBay-linked gains, while Bitcoin added about $1 million. According to the company’s quarterly filing submitted to the U.S. Securities and Exchange Commission on Thursday,…

SpaceX Hits $2.1T on Debut Day, Making Elon Musk the World’s First Trillionaire – Bitcoin News

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Key Takeaways SpaceX raised $75 billion in the largest initial public offering (IPO) ever recorded, opening SPCX at $150 on June 12, 2026. Elon Musk’s net worth crossed $1.1 trillion, making him the first individual to reach trillionaire status. Starlink generated $1.19B in Q1 operating profit, but SpaceX’s artificial intelligence (AI) unit burned $2.47B in the same period. Record Raise, Record Wealth The company priced 555.56 million shares at $135 apiece on June 11, pulling in $75 billion in a primary offering that more than doubled Saudi Aramco’s 2019 raise.…

Sky Proposal Seeks To Double USDC PSM Buffer To $800M

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TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change would raise daily refresh capacity to 1.6 billion and total serving capacity to 2.4 billion, according to the forum post. The update has been approved by the Core Facilitator team for an upcoming Executive Vote, but it still needs formal approval before going live. Sky governance is considering a major…

Metaplanet to Launch Bitcoin Yield Products in Japan After $13 Million Siiibo Securities Deal

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Key Takeaways Metaplanet will buy Siiibo for $13 million, adding a licensed Japanese securities platform. With 40,177 BTC, Metaplanet aims to bring Bitcoin yield products to Japan’s $7.4T market. Project Nova plans BTC-backed securities and lending after closing in July/August 2026. Metaplanet Targets Japan’s $7.4 Trillion Cash Pile With Bitcoin-Linked Investments Metaplanet is making its first major acquisition, agreeing to buy 100% of Siiibo Securities as the bitcoin treasury company moves to build a regulated financial platform in Japan. The company said Siiibo, a pioneer in Japan’s online corporate bond…