Category: News

South Korea Police Reportedly Raid Bithumb in Lawmaker Hiring Influence Probe

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South Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi. Kim allegedly attempted to influence employment opportunities for his son at multiple crypto firms, including Bithumb and Dunamu, the operator of rival exchange Upbit, according to a Monday report by News1. Kim’s son joined Bithumb in January 2025 and worked there for about six months, the local outlet reported. Authorities are investigating whether any external pressure or preferential treatment influenced the hiring process. Hiring favoritism and influence-peddling allegations remain politically…

Strategy Buys 1,550 Bitcoin, Expands Holdings to 845,256 BTC

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[Update 18:15 UTC June 8: Adds outcome of Strategy shareholder vote on change in preferred stock dividend payments in sixth paragraph.] Strategy purchased 1,550 Bitcoin for approximately $101.3 million last week, bringing its total holdings to 845,256 BTC. The company paid an average price of $65,332 per Bitcoin for the purchase, according to a Monday 8-K filing with the US Securities and Exchange Commission. Strategy’s aggregate Bitcoin holdings were acquired at an average price of $75,680 per BTC, for a total cost of about $63.97 billion. The latest acquisition was…

Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers

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Following Bitcoin’s rebound from last week’s dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand, cautious investor sentiment, and broader market uncertainty continue to weigh on the price action. According to market experts, Bitcoin’s outlook remains largely bearish despite the short-term bounce. However, analysts also point to a potential silver…

Is Bitcoin Bottoming? MVRV Falls to 1.1, Entering the ‘Cheap Zone’ That Marked Every Major Low Since 2018

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Key Takeaways Bitcoin’s MVRV ratio fell to 1.1, its lowest since March 2023, signaling deep undervaluation. Readings near this level preceded a roughly 67% rally after the 2022 FTX collapse. Cryptoquant warns this cycle differs, so a bottom is not guaranteed despite cheap valuations. A Reading Not Seen Since 2023 Cryptoquant analysts noted that bitcoin’s MVRV ratio has dropped to about 1.1, sitting just above the green undervaluation band that has historically marked major market bottoms. MVRV measures the ratio between bitcoin’s market value and its realized value or roughly,…

Bitcoin is going quantum-proof. Inside BIP-360 and the migration

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For most of Bitcoin’s history, the threat of quantum computers breaking its cryptography was a distant, theoretical worry, the kind of thing dismissed with “by the time that happens, we will have fixed it.” In 2026, the fixing has begun. Summary Bitcoin developers introduced BIP 360, the network’s first quantum-resistant address proposal, as part of a long-term plan to protect funds from future quantum computing threats. A companion proposal, BIP 361, would require vulnerable coins to move to new addresses and could permanently freeze inactive holdings, including coins widely believed…

Strategy buys 1,550 Bitcoin after sale as cash reserve hits $1B

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Strategy has returned to Bitcoin accumulation one week after selling a small part of its holdings.  Summary Strategy bought 1,550 Bitcoin after selling 32 BTC, restoring its holdings above 845,000 coins again. The company raised its dollar reserve to $1 billion, easing near-term concerns over preferred dividends. Bitcoin still trades below Strategy’s $75,680 average cost, leaving its treasury with large unrealized losses. The company bought 1,550 BTC for $101.3 million between June 1 and June 7, paying an average of $65,332 per coin. The purchase raised Strategy’s total reserve to…

Bitcoin’s store of value case remains intact despite weak inflows: Bernstein

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Bitcoin has attracted about $12 billion in combined inflows from exchange-traded funds and corporate treasury buyers in 2026, even as ETF investors pulled a net $2.6 billion from the market, according to Bernstein. Summary Bernstein said Bitcoin has attracted about $12 billion in ETF and corporate treasury inflows this year, with treasury companies accounting for most of the demand. Strategy has acquired roughly 100,000 BTC in 2026 after raising $7.5 billion through its STRC preferred stock product, according to Bernstein. Bernstein argued that Bitcoin’s long-term store-of-value case remains intact despite…

XRP News: XRP Hits 19-Month Low at $1.08, Institutional Buyers Signal Contrarian Strength

XRP printed $1.08 on June 5, 2026, its lowest level in 19 months, as a stronger-than-expected U.S. jobs news showing 172,000 new positions reignited Federal Reserve rate fears and triggered a cascade that wiped out more than $1 billion in leveraged crypto long positions within 24 hours. Bitcoin plunged to a weekend low of $59,100, and XRP was pulled down with it, extending a drawdown that now stands at approximately 69% from the July 2025 cycle high of $3.65. The token has since stabilized in the $1.12–$1.16 range, recovering roughly…

One Week After Selling 32 BTC, Strategy Buys 1,550 More for $101 Million – Bitcoin News

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Key Takeaways Strategy added 1,550 BTC for $101 million on June 8, pushing its total reserve to 845,256 bitcoin. The purchase follows a 32- BTC sale last week that triggered $93M in liquidations and a 6% MSTR drop. Strategy’s USD reserve now stands at $1.0 billion, reducing reliance on future BTC sales for STRC dividends. Executive Chairman Michael Saylor disclosed the purchase on X on June 8, 2026, sharing the company’s updated reserve figures. The announcement came exactly one week after Strategy’s first disclosed net bitcoin disposal in four years…

Bitcoin News Today: BTC $1.72B Weekly ETF Exodus, Is the Institutional Selloff Peaking?

In U.S. spot Bitcoin news, ETF outflows reached $1.72 billion for the week ending June 6, 2026, the largest single-week redemption from the product class since April 2025, as BTC price shed nearly 18% in its worst weekly performance of the year before staging a 1.5% recovery to $63,100 today. The figure did not arrive in isolation: it coincided with a fresh Iran-Israel military escalation that sent oil prices soaring more than 5%, a stronger-than-expected U.S. nonfarm payrolls print that revived Federal Reserve rate-hike anxiety, and an accelerating institutional rotation…