Industry News

  • Bitcoin Traders Dump Long Bets as $636M Gets Wiped Out in One-Day Rout04 Jun 2026 18:41After a flash crash toward $61,000, bitcoin briefly rebounded to $64,600 before stabilizing just under $64,000. Despite trimming its losses, it remained down 3.2% daily, 14% weekly, and nearly 30% year-to-date in 2026. Volatility Grips Bitcoin After Flash Crash After plunging to $61,310 late Wednesday, bitcoin quickly reversed the losses, and by midnight it was […]
  • $3 Trillion AI IPO Wave Could Pull Capital From Bitcoin as Investors Chase New Market Giants04 Jun 2026 18:20Bitcoin traded just above $63,000 on Thursday around 12 p.m. EDT, after shedding 17% over the past fortnight, as investors increasingly weigh the potential impact of a historic wave of artificial intelligence (AI) public offerings expected to hit markets over the coming months. 3 AI Mega-IPOs Could Redirect Billions At the center of the discussion […]
  • Visa and Mastercard to Halt Operations in Cuba Following Sweeping US Sanctions04 Jun 2026 17:50Central Bank of Cuba's facadeThe Central Bank of Cuba announced that the interruption of the credit companies’ activities was linked to the suspension of foreign bank services that processed these transactions. The bank stressed this was a consequence of the expanded sanctions regime on Cuba. Mastercard And Visa Stop Processing Payments In Cuba Mastercard and Visa, two of the […]
  • Coinbase Freezes $3M in Crypto as Scam Crackdown Hits Global Fraud Networks04 Jun 2026 17:16Coinbase Freezes $3M in Crypto as Scam Crackdown Hits Global Fraud NetworksCoinbase froze more than $3 million in crypto tied to Southeast Asian scam networks as federal officials expanded a wider fraud crackdown. The DOJ-backed effort also involved major tech companies, law enforcement agencies, and infrastructure providers. How Coinbase’s $3M Freeze Fits Into a Wider DOJ Scam Crackdown Crypto exchange Coinbase (Nasdaq: COIN) said June 3 […]
  • Who Sold Bitcoin During the Crash? Coinshares Reveals Who’s Really Selling Bitcoin ETFs04 Jun 2026 16:45IBIT chart on Thursday, June 4, 2026.Professional investors cut their bitcoin ETF exposure sharply during the first quarter of 2026, but fresh filings show banks, advisors, and sovereign entities continued adding positions despite a deep market downturn. The Great Bitcoin ETF Shakeout, Coinshares Shows Which Investors Lost Conviction According to a recent report from Coinshares Digital Asset Analyst Matt Kimmell, professional […]
  • Bitcoin ETFs Hit 13-Day Outflow Streak With $396M Exit04 Jun 2026 16:16Stacked coins with bitcoin in background and red pinCrypto ETF flows remained broadly negative on Wednesday, June 3, as bitcoin and ether funds extended long outflow streaks. HYPE ETFs were the lone bright spot, drawing fresh capital even as the wider market moved into risk-off mode. HYPE ETFs Add $2.99M While Bitcoin and Ether Outflow Streaks Deepen The pressure that began in bitcoin […]
  • Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital04 Jun 2026 15:45Bitcoin fell to a low of $61,310 on June 4 as traders debated whether Strategy’s first net bitcoin sale since 2022 or billions in exchange-traded fund (ETF) outflows played the larger role in the market’s decline. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500. The […]
  • $1 Trillion Payments Giant Visa Tests Private Stablecoin Settlement for Institutions04 Jun 2026 14:45Visa card near stacks of coins.Visa has launched a proof-of-concept initiative with stablecoin infrastructure provider Brale to evaluate private, blockchain-based settlement for institutional payment flows using the SBC stablecoin on the Canton Network. 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 […]
  • Asian Food Company DDC Now Holds 2,804 BTC After Adding 90 More Bitcoin04 Jun 2026 13:43Asian Food Company DDC office.DDC Enterprise Limited, the NYSE-listed Asian food platform behind the Daydaycook brand, disclosed on June 3, 2026, that it acquired an additional 90 BTC, bringing total corporate bitcoin holdings to 2,804 BTC. Another Dip Buy as Holdings Near 3,000 BTC The company announced the purchase via its official X account with the note: “When the […]
  • Traders Eye $61K as Bitcoin’s Last Defense Before a Drop to the High $50Ks04 Jun 2026 12:45Bitcoin chart on June 4, 2026.At 8:30 a.m. EDT, bitcoin traded at $63,444 on June 4, 2026, with its relative strength index ( RSI) registering just 17 and all 14 tracked moving averages pointing lower, placing the $61,310 swing low at the center of every active trader’s attention. The technical picture is uniformly bearish across the daily, 4-hour, and 1-hour […]