Industry News

  • Sam Bankman-Fried Files Formal Trump Pardon Request as FTT Jumps 50%08 Jun 2026 15:24Sam Bankman-Fried at the courthouse in NY.Sam Bankman-Fried, the convicted FTX co-founder serving a 25-year federal prison sentence, formally submitted a presidential pardon application to the U.S. Department of Justice’s Office of the Pardon Attorney on June 8, 2026. Breaking: Formal Petition Confirmed Bloomberg first reported the filing on Monday morning. The application is now visible on the DOJ’s public clemency […]
  • Bitcoin ETFs Lose $1.72B in Second-Largest Weekly Outflow Since Launch08 Jun 2026 14:57Bitcoin with ETF text on wooden blocksCrypto ETF flows stayed under pressure from June 1 to June 5, with bitcoin funds posting a fourth straight week of withdrawals and ether ETFs also ending firmly negative. The weakness was not uniform, however, as HYPE and XRP ETFs drew inflows while solana slipped back into redemptions. Bitcoin and Ether ETFs Lose $1.89B While […]
  • Bitcoin Punches Back Above $63K as Nasdaq Claws Back 1.3% From Worst Drop in a Year08 Jun 2026 14:11Bitcoin chart on Monday June 8, 2026.Bitcoin climbed back above $63,000 Monday morning as institutional buyers stepped in and U.S. lawmakers advanced key crypto legislation, pushing the total digital asset market cap to $2.19 trillion. Institutions Buy the Dip Strategy purchased an additional 1,550 BTC for approximately $101 million, according to data circulating Monday. The move came as bitcoin traded near […]
  • Tom Lee Says AI Systems Will Lift Ethereum Demand as Bitmine Stacks 5.54M ETH08 Jun 2026 13:36Tom Lee on stage at an event.Bitmine Immersion Technologies now controls 4.59% of the entire ethereum supply after accumulating 5.54 million ETH valued at approximately $9.04 billion at current prices. Holdings Overview The Norwalk, Connecticut-based company disclosed total crypto, cash, and “moonshot” holdings of $9.6 billion as of June 7, 2026. The breakdown includes 5,543,872 ETH at $1,630 per token, 204 […]
  • Is Bitcoin Bottoming? MVRV Falls to 1.1, Entering the ‘Cheap Zone’ That Marked Every Major Low Since 201808 Jun 2026 12:50Physical BTC tokens lying on two laptopsBitcoin has slipped into what analysts call a “cheap zone,” with its market value to realized value (MVRV) ratio falling to 1.1, a 27-month low. A reading of this nature has historically preceded major market bottoms. A Reading Not Seen Since 2023 Cryptoquant analysts noted that bitcoin’s MVRV ratio has dropped to about 1.1, sitting […]
  • One Week After Selling 32 BTC, Strategy Buys 1,550 More for $101 Million08 Jun 2026 12:13A treasure chest of bitcoins.Strategy has added 1,550 bitcoin to its treasury for approximately $101 million, bringing its total holdings to 845,256 BTC and its USD reserve to $1.0 billion. 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 […]
  • South Korea Halts KOSPI Trading After 8.4% Crash Trips Circuit Breaker08 Jun 2026 11:30Flag of South Korea against a blue sky backdropSouth Korea’s KOSPI index plunged 8.4% on Monday, triggering a rare circuit breaker that froze trading for 20 minutes as a global semiconductor selloff battered Asian markets and rattled risk assets, including crypto. A Rare Trading Halt The Korea Exchange activated a Level 1 circuit breaker at 9:03 a.m. local time, suspending trading for 20 […]
  • Trader Nails BTC Bottom: Buys $98.9M Bitcoin at $59,734 and Nets $3.5M Profit in Two Days08 Jun 2026 10:30Char showing the word profit written on it.A single whale bought 1,656 BTC worth about $98.9 million almost exactly at this month’s local bottom, then booked roughly $3.5 million in paper profit within two days as bitcoin rebounded. Buying the Exact Bottom The purchase landed as bitcoin carved out its weakest level of 2026, touching an intraday low near $59,100 on June […]
  • Ethereum OG Dumps $188M Near $2,040, Buys Back ETH 23% Cheaper08 Jun 2026 09:30Image of a whale in its natural habitat.A long-dormant Ethereum investor sold about $188 million in ether and related tokens just before this month’s market crash, then began buying back at sharply lower prices, completing a textbook round trip. A Well-Timed Exit The investor who has been holding coins since the network’s early days sold 60,000 ETH worth about $117.25 million and […]
  • Bitcoin’s Bounce to $64,000 Wipes out $320 Million in Crypto Shorts in 15 Minutes08 Jun 2026 08:30Trading chart showing red candles.A sudden bitcoin rebound torched roughly $320 million worth of short positions across the crypto market in just 15 minutes, as bearish traders were caught offside by a fast reversal off the year’s lows. A 15-Minute Short Squeeze A little over $320,000,000 in shorts were liquidated from the crypto market in a single 15-minute window […]