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Coinbase (NASDAQ:COIN) announced Tuesday it is launching fully backed 1:1 tokenized U.S. stocks on-chain, with holders able to trade, redeem, and collect dividends automatically with no derivatives or IOUs involved.

What Makes Coinbase’s Tokenized Stocks Different From Every Competitor

Most tokenized stock products from Binance, OKX, and Hyperliquid give non-US investors stock performance exposure through derivatives without holding the underlying shares.

Coinbase is promising the opposite, actual shares in reserve backing every token 1:1.

“Own actual tokenized shares of U.S. companies. Trade, hold, and redeem, all on-chain. Automatically receive dividends. No derivatives, no IOUs,” Coinbase posted on X Tuesday. More details are expected later Tuesday afternoon.

Robinhood (NASDAQ:HOOD) launched an Arbitrum-based initiative covering hundreds of tokenized US stocks and ETFs. Kraken is building its own onchain equity access. 

Meanwhile Backpack, founded by former FTX employees, launched a blended traditional …

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Ripple invested in Flutterwave’s Series E round on Monday, embedding RLUSD and the XRP Ledger into Africa’s largest payments infrastructure as XRP (CRYPTO: XRP) pulls back after yesterday’s 9% breakout.

Ripple Embeds RLUSD Into Flutterwave’s Payment Rails Across Africa

Flutterwave processes over one billion transactions worth more than $50 billion and operates across Africa, with Nigeria as its primary hub. 

The Series E round values the company at $3.2 billion, and Ripple’s strategic investment brings three specific integrations to the platform.

RLUSD becomes a primary settlement asset embedded directly into Flutterwave’s payment rails and Send App remittance corridors. 

The XRP Ledger handles faster transaction clearing. A unified API bridges Flutterwave’s domestic network with Ripple Payments, connecting local cards, mobile wallets, and bank transfers to Ripple’s global payments infrastructure.

“Our investment will …

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Two sources told Reuters on Tuesday that regulators in Greece plan to reject Binance’s MiCA license application, putting the world’s largest crypto exchange at risk of losing access to EU customers before July 1.

MiCA Deadline Is July 1 And Binance Has No Approved License

The EU’s Markets in Crypto-Assets framework requires all crypto firms to hold a valid license to serve European customers. 

The transition grace period expires July 1, after which any exchange operating without authorization breaches EU law. 

The European Securities and Markets Authority warned in April that non-compliant firms must wind down EU operations or migrate customers before that date.

Binance applied through Greece’s Hellenic Capital Market Commission over the past 18 months and believed it had met all MiCA requirements. The HCMC declined to comment, citing confidentiality rules.

However, sources familiar …

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Crypto analyst Kevin Capital says the next cryptocurrency bull cycle could be larger than the previous one, with altcoins positioned to outperform Bitcoin (CRYPTO: BTC) after years of underperformance.

Altcoin Season Next Cycle?

In a market update on June 15, Kevin Capital said the altcoin market is beginning to show signs of basing against Bitcoin after a prolonged downtrend.

The Total Others versus Bitcoin chart is approaching the same major support area that marked the beginning of altcoin recovery in 2019. “I do believe there will be an altcoin season next cycle, unlike the last cycle that we just had,” he said.

The analyst pointed to the end of the Federal Reserve’s quantitative tightening program as a key macro shift. Liquidity …

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Investors have bought a net 259,298 Bitcoin (CRYPTO: BTC) between $59,000 and $67,000 over the past 10 days as Glassnode’s Accumulation Trend Score hits its highest possible reading— a signal for the strongest buying interest of the entire drawdown.

Retail And Whales Both Buying As Accumulation Hits Peak Level For Two Weeks Straight

Glassnode’s UTXO Realized Price Distribution data shows the buying is broad-based across every wallet cohort, from holders with less than 1 Bitcoin to those holding up to 1,000 coins.

That breadth matters because from March through May, most of these same groups were net sellers as Bitcoin stagnated around $70,000.

The Accumulation Trend Score has now held at its peak reading of 1.0 for more than two weeks, marking the most sustained and aggressive buying behavior observed during this drawdown. 

The $59,000 flush earlier this month appears to have been the trigger …

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XRP (CRYPTO: XRP) surged 13% following the U.S.-Iran peace deal as improving risk sentiment fueled a broad crypto market rally.

XRP Is The Strongest-Performing Major Crypto

Santiment data stated XRP’s notable rebound came after sentiment had fallen to some of its weakest levels of 2026, creating conditions for a rapid recovery once macro fears began to ease.

Data shows wallets holding at least 1 million XRP now control 74.1% of the token’s total supply.

Those large holders accumulated an additional 1.53 billion XRP over the …

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Galaxy Digital, NYDIG, and Standard Chartered each published in-depth Bitcoin (CRYPTO: BTC) bottom analysis this week—and reached three completely different conclusions on where the cycle low lands.

Galaxy Says Bottom Is Still Ahead Between $40,000 and $46,000

Galaxy examined 13 historical conditions that have always been present at prior Bitcoin cycle bottoms. 

Only four are fully met, two are partially met, and seven remain unmet.

The most sobering gap is in on-chain fundamentals, where several metrics show aggregate holders are not yet capitulating at the scale seen in 2018 or 2022.

The cycle clock adds weight to Galaxy’s bearish case.

Bitcoin historically bottoms 12 to 13 months after its all-time high, and the current cycle peaked in October 2025, putting the historically consistent bottom window in Q4 2026.

Meanwhile, Galaxy’s base …

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Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have started the week higher as easing geopolitical tensions helped revive risk appetite.

Industry experts argue that recent crypto ETF outflows reflect a maturing market rather than fading interest in digital assets.

A Different ‘Crypto Winter‘

Speaking on CNBC’s ETF Edge on June 16, CoinDesk Indices President David LaValle noted that the recent selloff and roughly $3 billion in outflows from Bitcoin exchange-traded products have led some investors to question the future of crypto.

However, he argued that ETF flows are behaving similarly to those seen in traditional asset classes. “They are serving both buy-and-hold investors and institutional holders.”

LaValle described the current downturn as a different …

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SpaceX’s (NASDAQ:SPCX) IPO gave crypto its biggest real-world stress test yet, with Hyperliquid (CRYPTO: HYPE) generating $1.4 billion in SPCX trading volume on listing day.

Perpetual Futures Passed The Test By Predicting Where SpaceX Would Open

Hyperliquid’s SPCX perpetual futures traded within what became the stock’s first-day range for most of the week before the IPO, giving traders a continuous 24-hour read on investor sentiment before Nasdaq opened. 

SpaceX closed its first day at $160.95, valuing the company at $2.2 trillion. The shares jumped another 20% to $192.46 Monday.

“The SpaceX premium was not a forecast,” said D2 Finance portfolio manager Luca Parlamento. “It was exposure that re-priced the second a cash market existed to re-price against. That is what pre-IPO …

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Popular digital artist Mike Winkelmann, better known as Beeple, portrayed Elon Musk as a massive cyborg figure late Monday following his historic achievement as the world’s first trillionaire.

Musk Shows As Undisputed Tech Tzar

Beeple posted an artwork on X, titled “1.3 TRILLION,” celebrating Musk hitting a record net worth of $1.3 trillion after Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) IPO drove a sharp valuation surge.

The artwork showed Musk towering over a futuristic city with cheering crowds below. Inside the cyborg’s glowing chest chamber are portraits of rival tech figures, including Microsoft founder Bill Gates, Amazon founder and Executive Chair Jeff Bezos and Meta Platforms CEO Mark Zuckerberg, implying Musk’s complete dominance over rival tech figures.

Musk topped the Forbes list, followed by Bezos in fourth place and Zuckerberg in …

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Anthony Pompliano, CEO of Professional Capital Management, framed Peter Schiff’s admission on Monday that Bitcoin (CRYPTO: BTC) “isn’t going to zero” as a win.

Schiff Vs Pompliano

The two individuals with diametrically opposite views on Bitcoin faced off in a debate moderated by Fox Business.

At a point in the debate, Pompliano challenged Schiff to make a bet on whether Bitcoin would still be around in a decade.

“That’s an easy bet. If you think it’s going to go away, let’s make a little bet,” Pompliano told Schff.

“Well, I can’t. It’s not going to go to zero. Maybe,” Schiff responded.

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Billionaire investor Mark Cuban took a “memecoin” swipe at Brian Armstrong on Monday, in response to Coinbase Global Inc. (NASDAQ:COIN) CEO’s call to revisit accredited investor rules in the U.S.

Armstrong Bats For Retail Investors Amid IPO Wave

Armstrong said on X that current rules unfairly restrict “retail investors” from early-stage private deals, forcing them to wait until IPOs, when much of the upside has already been captured.

“These rules were created with the best of intentions, to protect regular people from scams – a noble idea,” he added. “Unfortunately, in practice, they’ve often made it illegal to get richer, unless you’re already rich.”

His remarks follow the blockbuster stock market debut of Space Exploration Technologies Corp. (NASDAQ:SPCX), which operated as a private company for over 24 years.

Artificial intelligence giants OpenAI and Anthropic are also on track to go public, having filed confidential paperwork for their respective IPOs earlier this month. OpenAI has remained a private company since 2015, while Anthropic has been privately held since 2021.

Cuban Jabs …

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Influential analyst Ali Martinez spotlighted on Saturday the strong demand for Space Exploration Technologies Corp. (NASDAQ:SPCX) among cryptocurrency investors.

‘Demand Was Always There’

In an X post, Martinez said that the “appetite” for the newly listed space giant is “bigger” than what they expected.

The analyst cited CoinMarketCap data showing billions traded in SpaceX-linked cryptocurrency products across the market since the stock’s debut on Wall Street.

In the past 24 hours, approximately $11.9 billion in SpaceX derivatives were traded on cryptocurrency exchanges, of which Binance (CRYPTO: BNB) accounted for 26%.

“For years, retail investors had almost no way to get exposure to companies like SpaceX,” Martinex noted. “The volume we’re seeing suggests the demand was always there. It just lacked a market.”

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The U.S.-Iran agreement has set Israeli Prime Minister Benjamin Netanyahu on a “collision course” with President Donald Trump, according to a report published on Monday.

A Major Rift Brewing?

An Israeli official told Reuters that the preliminary agreement is “terrible” for Israel and no one in the country’s leadership views it otherwise.

Notably, Trump described Netanyahu as a “very difficult guy” in a New York Times interview on Sunday, adding that the Israeli leader should be “thankful” to the U.S. for preventing a possible nuclear attack from Iran.

But this is not the first time Trump has expressed his displeasure with Netanyahu’s actions. Earlier this month, he reportedly called Netanyahu “crazy” over Israel’s attacks in Lebanon in an “expletive-laden call.” 

Netanyahu also acknowledged differences with Trump at a Monday press conference, saying, “We many times see eye-to-eye, and there …

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Leading cryptocurrencies rose alongside stocks on Monday as investors embraced a risk-on mood following the declaration of a peace deal with Iran.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.22% $66,245.35
Ethereum (CRYPTO: ETH)
               		 +4.37% $1,791.24
XRP (CRYPTO: XRP)                          +4.46% $1.23
Solana (CRYPTO: SOL)                          +4.59% $74.12
Dogecoin (CRYPTO: DOGE)              -0.83% $0.08790

Crypto Market Gains Momentum

Bitcoin extended gains, rising to an intraday high of $67,248 as trading volume jumped 40% over the last 24 hours. Ethereum topped $1.800 while XRP was up 4.5% from the previous day.

Cryptocurrency-related stocks also lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 5.78% and 6.21%, respectively. 

Over $480 million was liquidated from the market in the last 24 hours, predominantly in short bets, according to Coinglass data. Notably, more than $300 million in Bitcoin short positions were at risk of liquidation if the apex cryptocurrency rose to $70,000.

Meanwhile, Bitcoin’s open interest rose 2.06% in the last 24 hours, suggesting an influx of new money into the futures market.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:15 p.m. EDT)
Jito (JITO)       +28.12%     $0.7178
Uniswap (UNI)                    +17.13%     $3.01
LayerZero (ZRO)               +15,26%     $1.10

The global cryptocurrency market capitalization stood at …

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It was probably only a matter of time before crypto-friendly travel agency, Travala (CRYPTO: AVA), cast its lot with AI.  They are betting that Travala users will eventually tell AI where they want to go, approve a payment for them, and let the software handle the rest. 

“A traveler can set up the AI concierge in two minutes via Claude. Once set up, they can ask the agent to make a hotel booking, which will quickly narrow down the options for the traveler based on their prompt, avoiding decision paralysis,” said Juan Otero, Travala’s CEO.

The company is basically arguing that consumers don’t actually enjoy browsing hundreds of hotels. They simply have an objective: “I need a 4-star hotel in London’s West End for under $500.” Instead of searching through Expedia listings, filters, maps, reviews, and tabs, the traveler simply states the goal and the AI Agent does the work, payable in Circle (NYSE:CRCL) dollar coin.

They’re not pitching themselves as a better Expedia (NASDAQ:EXPE). The new pitch to investors is Travala is building infrastructure in-house to be the Stripe for AI travel agents. Today users book on Travala and can pay in cryptocurrencies. Tomorrow thousands of third-party AI agents could theoretically use Travala’s inventory and payment rails in the background, suggesting Travala sees its future not only as a travel booking platform, but as the underlying infrastructure powering autonomous travel transactions across the emerging agentic commerce ecosystem. …

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XRP (CRYPTO: XRP) surged to $1.27 Monday, breaking decisively out of the June descending triangle as $6.07 million in short positions got liquidated in 24 hours.

Descending Triangle Breaks Out With Volume Exploding 129%

XRP pushed through $1.14, then $1.18, and reclaimed $1.20 on its strongest volume since the early-June washout, forcing traders to reassess expectations for continued weakness.

The move cleared both the 0.382 Fibonacci level at $1.1702 and the 0.5 Fib at $1.2071, with price now testing the 0.618 Fib at $1.2440. 

Buyers have broken the descending trendline, the Parabolic SAR remains bullish at $1.0527, and the 20 EMA at $1.2069 now acts as support.

Derivatives confirm the move as volume exploded 129% while open interest jumped 14.23% to …

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I talked about Defi inflated yields last month. Investors often mistake a large number for a good investment. This error drives the current crypto mania. You see a yield of 19.0% on Cosmos staking and assume you have found a financial loophole. You ignore the source of that money. Traditional finance generates returns through tangible economic activity. Banks lend your cash to homebuyers who pay mortgages. Governments tax their citizens to service bond debt. The US 10-Year Treasury Note offers a 4.40% fixed yield because the American economy produces real value. This yield represents a share of actual productivity.

Crypto yields operate on a different and dangerous logic. Platforms often mint new tokens to pay old users. This process dilutes the value of every existing token. You earn 15.0% more tokens while the token itself loses purchasing power. Lido Liquid Staking offers 3.2% to 3.8% APY, which looks similar to the US 2-Year Treasury Note at 4.01%. The similarity ends there. One pays you from tax revenue and economic growth. The other pays you from software inflation and trading fees. Uniswap Volatile LPs promise 10.0% to 25.0% APY, but this money comes from traders gambling on price swings. It does not come from a business creating value. The yield exists only as long as new gamblers enter the casino.

The Fortress Versus The Glass House

Safety in finance relies on legal recourse and insurance. Traditional systems build fortresses around your capital. The FDIC insures bank deposits up to $250,000. If the bank fails, the government ensures you get your money back. High-Yield Savings Accounts provide 3.8% to 4.1% APY with near-zero risk of principal loss. You sleep well at night knowing the law protects you. Crypto offers zero legal protection. You deposit your assets into a smart contract and hope the code works. Hackers drain these contracts regularly. Founders abandon projects and run away with funds.

Consider Aave Lending on USDC Stablecoins. Assume that it advertises 3.9% to 4.7% APY. This looks safe because it uses a “stablecoin.” If a bug exists, your …

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Ethereum (CRYPTO: ETH) is showing signs of a short-term rebound after recent weakness, while on-chain data suggests a wallet possibly linked to Arthur Hayes purchased ETH.

Hayes Loading ETH?

In an X post on June 15, blockchain tracker Lookonchain reported that a wallet possibly linked to Hayes received 3,000 Ethereum, worth approximately $5.42 million, from Flowdesk.

The transaction comes as Ethereum attempts to recover from a sharp decline, with traders watching whether the bounce can extend into a key resistance zone.

Over the past month, Ethereum has lost around 16% while the past week witnessed a 8% jump.

During the last week, Arthur Hayes laid out the case why Bitcoin 

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NEW YORK — Bitcoin climbed back above $66,000 on Monday as investors returned to riskier assets following the weekend agreement to end the war between the United States and Iran. The rebound provided a measure of relief for a cryptocurrency that has spent much of 2026 under pressure after suffering one of its steepest declines in years.

The rally followed President Donald Trump’s announcement Sunday that the United States and Iran had reached an agreement to end hostilities. The news triggered a broad market response, lifting stocks while pushing oil prices sharply lower. Bitcoin joined the risk-on rally as traders moved back into speculative assets.

Even after Monday’s gain, Bitcoin remains far below its record levels. The cryptocurrency reached an all-time high near $126,000 in October 2025 before entering a prolonged decline. By early June, Bitcoin had fallen to roughly $60,000, representing a drop of more than 50% from its peak and marking its deepest drawdown since the crypto downturn of 2022.

Several factors contributed to the decline. Investors withdrew more than $5 billion from Bitcoin exchange-traded funds since mid-May, the longest streak of ETF outflows on record. At the same time, inflation climbed to a three-year high while the Federal Reserve maintained a restrictive interest-rate stance, reducing investor appetite for speculative investments.

Sentiment also weakened when Michael Saylor’s Strategy, one of Bitcoin’s most prominent corporate supporters, sold a portion of its holdings for the first time since 2022, raising concerns among traders who had viewed the company as a permanent buyer.

Wall Street remains sharply divided over Bitcoin’s future. Standard Chartered analyst Geoffrey Kendrick has steadily lowered his forecast, reducing his year-end 2026 target from $300,000 to roughly $100,000. Kendrick cited weaker corporate demand and slower ETF inflows.

Others remain optimistic. Bernstein continues to project Bitcoin reaching $150,000 by late 2026. Citigroup analysts have outlined a base-case target near $143,000, while JPMorgan’s fair-value models suggest approximately $170,000. Among major forecasters, Fundstrat’s Tom Lee remains the most bullish, maintaining a target of $250,000.

Despite those forecasts, short-term sentiment remains cautious. Prediction markets continue to assign meaningful odds that Bitcoin could fall below $60,000 again before the end of the year.

Historically, Bitcoin has followed a cyclical pattern tied to its halving events, which reduce the rate at which new coins are created. Previous cycles have often featured sharp rallies followed by extended declines before eventually recovering. While the current downturn has been severe, it remains less dramatic than the collapse of 2022, when Bitcoin lost more than 75% of its value.

For everyday investors, Bitcoin increasingly behaves less like the independent “digital gold” once envisioned by supporters and more like a high-risk technology asset. Its price movements have become increasingly correlated with stock markets, interest-rate expectations and broader investor sentiment.

The rapid growth of Bitcoin ETFs has also tied the cryptocurrency more closely to traditional retirement and brokerage accounts, meaning its gains and losses are now felt by a much broader group of investors than during previous cycles.

Whether Monday’s move marks the beginning of a sustained recovery remains uncertain. Bitcoin has staged several strong rebounds during this downturn only to retreat again. The easing of geopolitical tensions removed one source of market anxiety, but inflation remains elevated and the Federal Reserve continues to signal patience on rate cuts.

For now, Bitcoin is moving higher again. Whether it can sustain that momentum — and eventually challenge its previous record highs — remains one of the most closely watched questions in financial markets.

JBizNews Desk
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Weiss Multi-Strategy Advisers President Jordi Visser says Bitcoin (CRYPTO: BTC) may be unpopular at the moment, though this will change AI progress accelerates.

“Nobody Wants To Buy Bitcoin Right Now“

Speaking in an interview with Anthony Pompliano on June 13, Visser explained Bitcoin is currently trading well below its 200-day average, so investors aren’t comfortable buying it.

He compared Bitcoin to other investments that people avoid when they are weak, but later rush to buy when they become popular.

Visser’s main idea is that Bitcoin and crypto are still important in a world full of AI, especially as fake content makes proof of …

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Bitcoin surged back above $66,000 on Monday, with the U.S.-Iran peace deal boosting risk appetite.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $66,790.46
Ethereum (CRYPTO: ETH) $1,828.17
Solana (CRYPTO: SOL) $75.42
XRP (CRYPTO: XRP) $1.28
Dogecoin (CRYPTO: DOGE) $0.08954
Shiba Inu (CRYPTO: SHIB) $0.055119

Notable Statistics:

  • Coinglass data shows 123,438 traders were liquidated in the past 24 hours for $613.55 million.       
  • SoSoValue data shows net inflows of $85.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $4.95 million.
  • In the past 24 hours, top gainers include Jito, Zcash and Stellar.

Notable Developments

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A memory maker that was not even public two years ago has just accomplished in 14 months what Bitcoin (CRYPTO: BTC) took nearly a decade to deliver — and become one of the AI era’s most explosive stocks.

Sandisk Corp. (NASDAQ:SNDK) is up 5,636% since it split from Western Digital Corp. (NASDAQ:WDC) in February 2025. Bitcoin has gained 5,572% over the last nine years.

Most of Sandisk’s run came after the stock bottomed at $27.89 in April 2025 — barely 14 months ago.

Wall Street Is Now In Love With Memory Stocks

Sandisk rose as much as 6% Monday to a record near $2,100, after Western Digital surged 14% to its own all-time high. A wave of Wall Street target increases on Western Digital — JPMorgan to $650 from $530, Wells Fargo to $575, Bank of America to $610 — lit up the entire storage complex.

Sandisk has rallied 28% over the past three sessions, its sharpest three-day run since early January.

The rally rests on a physical shortage.

Most people know Sandisk from memory cards and USB sticks. The …

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Benchmark and TD Cowen on Monday pushed back against death spiral fears surrounding Strategy Inc. (NASDAQ:MSTR) as the stock surges 8% on Bitcoin’s (CRYPTO: BTC) recovery above $66,000.

Benchmark Says Strategy Has Several Buffers Before Bitcoin Sales Become Necessary

Benchmark analyst Mark Palmer called the death spiral narrative a story that skips several steps. 

Strategy’s $1 billion cash reserve must be depleted before any meaningful Bitcoin sales enter the conversation, and the perpetual preferred stock (NASDAQ:STRC) carries no hard maturity date that would trigger accelerated selling.

“The death-spiral story assumes that Strategy is one bad week from selling Bitcoin, and it skips several steps to get there,” Palmer wrote. 

“The company would have to move through a long sequence of failures before its Bitcoin reserve, currently valued at almost $55 billion, would even enter the conversation,” he …

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XRP (CRYPTO: XRP) is facing renewed criticism over its tokenomics and valuation, even as Ripple pushes the XRP Ledger into the emerging market for AI-agent payments.

‘Token Is Optional Infrastructure, Not Essential Utility’ 

Crypto trader Moody Hank argued on June 14 that XRP may still be expensive even near the $1 level, citing the token’s large supply, escrow structure and Ripple’s continued holdings.

He noted that XRP has a total supply of 100 billion tokens, with about 58 billion currently circulating and roughly 36 billion still held in escrow.

The trader criticized XRP’s pre-mined launch structure and argued that Ripple’s monthly escrow unlocks create a steady source of selling pressure.

“Every single month Ripple unlocks up to 1 …

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BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO: ETH) holdings.

BitMine Ethereum Accumulation

BitMine bought 76,881 ETH last week, raising its total holdings to 5.62 million ETH, or about 4.66% of Ethereum’s total supply.

The purchase brings BitMine 93% of the way toward its goal of owning 5% of Ethereum’s 120.7 million supply by 2026.

The company has 4,718,677 ETH staked, with annualized projected staking rewards of $219 million as a cash-flow backstop.

BitMine said its total crypto, cash, marketable securities and other holdings stand at $10.4 billion, including stakes in Beast Industries and Eightco Holdings.

The company also raised $273.8 million net through a Series A preferred stock offering, which carries a 9.5% annual dividend paid weekly.

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CFTC Chairman Mike Selig says cryptocurrency perpetual futures are beginning to move onshore in the U.S., marking what he calls a “watershed moment” for regulated digital asset markets.

“This Is Just The Beginning, Not End“

In an interview with Bankless on June 15, Selig remarked the CFTC’s recent approval of a Bitcoin (CRYPTO: BTC) perpetual futures contract on a registered U.S. exchange represents a major shift away from years of offshore crypto derivatives activity.

“We want the industry to survive, to thrive and to build here in the U.S,” he vouched.

The comments came after the CFTC approved a Bitcoin perpetual futures contract listed by KalshiX and issued a no-action letter allowing Coinbase (NASDAQ:COIN) customers to access …

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Strategy Inc. (NASDAQ:MSTR) bought 1,587 Bitcoin (CRYPTO: BTC) for $100 million last week, surging 7% in early Monday trading.

Strategy Funded Both Bitcoin And USD Reserve Through Stock Sales Alone

The purchase ran from June 8 to June 14 at an average price of $63,024 per coin, bringing total holdings to 846,842 BTC worth roughly $56 billion. 

Over the same week, Strategy raised $209 million by selling 1.73 million MSTR shares through its at-the-market program, using the proceeds to fund both the Bitcoin buy and a $100 million increase to its USD Reserve, now standing at $1.1 billion.

Notably, Strategy funded accumulation and dividend obligations entirely through equity issuance without touching its Bitcoin stack …

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Bitcoin’s (CRYPTO: BTC) has popped above $65,000 on peace deal news, but its current long-term downturn may have more to do with time than price, according to crypto analyst Benjamin Cowen.

“Time-Based Capitulation More Important“

In a June 14 market update, Cowen compared Bitcoin’s current cycle to prior midterm-year bear markets in 2014, 2018 and 2022, which historically lasted between 50 and 60 weeks from peak to trough.

While the current downturn roughly 35 weeks old, Cowen says the market may still need additional time before a definitive bottom forms.

Over the past month, BTC prices plunged around 16% while the past year saw …

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Bitcoin (CRYPTO: BTC) climbed above $65,000 on Monday after reports of a U.S.-Iran peace deal triggered a broad risk-on move, with Coinbase (NASDAQ:COIN) CEO Brian Armstrong saying he believes BTC has probably bottomed at $60,000.

US-Iran Peace Deal Reopens Strait of Hormuz and Pulls Risk Premium Out of Markets

President Trump announced Sunday that the US and Iran reached a framework agreement, with the naval blockade set to lift and the Strait of Hormuz reopening once both sides sign. 

The deal, reported by CNN, closes the chapter on the single biggest inflationary pressure weighing on global markets since the conflict began, with oil supply restrictions through the strait driving energy costs higher for months.

Moreover, Ethereum (CRYPTO: …

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Michael Saylor argues that investor confidence in Ethereum (CRYPTO: ETH) has collapsed as the token fights Solana (CRYPTO: SOL) and BNB (CRYPTO: BNB) in a battle that has drained all three of their monetary premium.

Saylor Says Bitcoin Dominance Climbed From 41% To 70% While ETH Lost Its Premium

Excluding stablecoins, Bitcoin’s (CRYPTO: BTC) market dominance climbed from roughly 41% in 2021 to nearly 70% today, Saylor said at the Bitcoin Corporate Day event on June 15.

ETH, SOL, and BNB have competed so intensely against each other that none retained a monetary premium, meaning each now depends purely on utility to justify its valuation.

Saylor framed the past 12 months as confirmation of three things: …

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Bitmine Immersion (NYSE:BMNR) bought 76,881 Ethereum (CRYPTO: ETH) last week, bringing total holdings to 5.62 million ETH as BMNR jumped 6% in pre-market Monday.

Buying Pace Stays Elevated As Bitmine Closes In On 5% ETH Supply Goal

Bitmine now holds 4.66% of Ethereum’s total supply of 120.7 million coins, putting the company 93% of the way to its stated goal of owning 5%. 

Chairman Tom Lee said the company is maintaining an elevated buying pace because the ETH price pullback does not reflect strengthening Ethereum fundamentals.

“We believe we are in the early stages of crypto spring,” Lee stated. “Bitmine is expected to reach the alchemy of 5% sometime in 2026,” he added. 

Total crypto, cash, marketable securities, and moonshot holdings now stand at …

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Cryptocurrency punters are confident that the market’s new sensation, Space Exploration Technologies Corp. (NASDAQ:SPCX), will open higher on Monday.

SPCX To Rally?

At the time of writing, Polygon (CRYPTO: POL)-based Polymarket assigned a 92% possibility that SpaceX’s opening share price on Monday is greater than or equal to the closing share price on its IPO debut on Friday.

The odds jumped a whopping 32 percentage points in the last 24 hours,  fueled not only by its blockbuster opening but also by favorable geopolitical developments.

Notably, President Donald Trump confirmed on Sunday that the peace deal with Iran is “complete,” which lifted stock futures and cryptocurrencies and increased the chances of a stronger market open on Monday.

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Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao said on Sunday that the anticipated Bitcoin (CRYPTO: BTC) super cycle may be delayed, playfully admitting that he can’t nail every prediction.

‘Super Cycle Will Come’

CZ posted on X a clip from his recent interview with CoinDesk, where he was reminded about his January prediction that 2026 will be a super cycle for Bitcoin.

“I try to avoid prediction questions regardless,” the cryptocurrency billionaire said, adding that he had already given the caveat that he cannot “predict the future.”

That said, CZ acknowledged the ongoing downturn in the market, referring to it as a “cryptocurrency winter.”

“We’re not a supercycle now, but will crypto die? Absolutely not. Crypto continues to grow. So I think the cycle will come. I’m not sure when,” he said with a chuckle.

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Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong reaffirmed on Sunday his bullish stance on Bitcoin (CRYPTO: BTC), projecting a “much higher” price for the asset by 2030.

‘A key Part Of Our Economy’

Armstrong shared a clip on X from his recent appearance on the Moonshots with Peter Diamandis podcast, where he expressed strong optimism about Bitcoin’s future.

“I think Bitcoin is the new digital gold. I think it’s gonna be a key part of our economy going forward into the future. So, I am as bullish as ever,” the cryptocurrency billionaire said.

Armstrong Says Bitcoin Bottom Might Be In

Armstrong also posted a chart mapping Bitcoin’s historical 4-year cycles, highlighting alternating bull and bear phases from 2011 through 2025.

“We can kinda see …

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Cryptocurrency bettors are buzzing with speculation over a star-studded lineup of people expected at UFC Freedom 250, the historic mixed martial arts event underway on the South Lawn of the White House.

Polymarket Wagers On Celebrity Attendance

Polygon (CRYPTO: POL)-based Polymarket assigned a 35% chance to Elon Musk attending the event. Notably, TMZ Sports reported earlier in the week that Musk is expected to be present at the event, the first professional combat sports showcase at the presidential residence.

Matthew McConaughey, famed for his role in “Interstellar,” held a 49% chance, while comedian and actor Chris Rock came in at 47%. Internet sensation Jimmy Donaldson, better known as MrBeast, had just a 2% chance. Nearly $675,000 has been wagered on the outcome as of this writing.

At the time of writing, National Hockey League stars Matthew Tkachuk and Brady Tkachuk are present at the event, according to Yahoo Sports. Shane McMahon, former wrestler and the son of WWE baron Vince McMahon, was …

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Leading cryptocurrencies lifted alongside stock futures overnight on Sunday after President Donald Trump said that a framework agreement to end the conflict with Iran had been completed.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 10:30 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.84% $63,246.60
Ethereum (CRYPTO: ETH)
               		 +1.33% $1,660.40
XRP (CRYPTO: XRP)                          +2.72% $1.13
Solana (CRYPTO: SOL)                          +3.60% $66.48
Dogecoin (CRYPTO: DOGE)              +2.12% $0.08570

Crypto Market Spikes

Bitcoin jumped to $65,800 overnight as trading volume soared 36% over the last 24 hours. Ethereum hit $1,730, fueled by a similar wave of buying pressure, while XRP and Dogecoin posted sharp gains.

Over $333 million was liquidated from the market in the last 24 hours, with short position traders losing $239 million, according to Coinglass data.

Bitcoin’s open interest spiked 2.57% in the last 24 hours. Retail and whale derivatives traders with open BTC positions remained “bullish” on the apex cryptocurrency.

Despite the gains, “Extreme Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price …

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Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor congratulated Elon Musk and Space Exploration Technologies Corp.  (NASDAQ:SPCX) on their record-breaking IPO, while drawing attention to the newly-listed firm’s substantial Bitcoin (CRYPTO: BTC) holdings.

Musk’s Firms Leading ‘Mag 8’ Bitcoin Leaderboard

Saylor hailed SpaceX’s debut as ‘historic’ on X, noting that 25% of the “Mag 8” companies — the original “Mag 7” plus SpaceX — now hold Bitcoin on their balance sheets.

The aerospace giant revealed in its IPO filing that it holds 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. The total cost basis of …

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NEW YORK — Bitcoin has taken a severe hit from its record highs, and some market analysts believe the downturn may not be over.

As of Friday, June 12, the world’s largest cryptocurrency was trading around $63,300, up less than 1% on the day but substantially below levels seen earlier in the cycle.

Speaking at the BTC Prague conference, André Dragosch, Head of European Research at Bitwise Asset Management, warned that Bitcoin could fall another 20%, potentially reaching approximately $48,000 in a worst-case scenario.

The decline has been significant.

Bitcoin has fallen roughly 28% from its May peak near $82,000, briefly dropping below $60,000 before recovering into the low $63,000 range.

Viewed over a longer timeframe, the pullback is even more dramatic.

The cryptocurrency reached an all-time high of approximately $126,000 in October 2025, meaning it now trades at roughly half its peak value.

The broader trend since last fall has been decisively lower.

According to Dragosch, the primary driver of the decline has been persistent outflows from Bitcoin investment funds.

He pointed to approximately $2 billion in weekly outflows from Bitcoin exchange-traded products, investment vehicles that allow investors to gain exposure to Bitcoin through traditional brokerage accounts.

That level of selling pressure is equivalent to roughly 50,000 Bitcoin entering the market over a short period.

Notably, Dragosch said large corporate buyers, including Strategy, have largely maintained their accumulation programs, suggesting the pressure is coming primarily from fund redemptions rather than institutional buyers abandoning the asset.

The weakness has extended beyond Bitcoin.

In a recent research note, Bitwise reported that Bitcoin touched a cycle low near $58,000, while Ether, the second-largest cryptocurrency, fell to approximately $1,507, its lowest level in more than a year.

The firm described Bitcoin as the “canary in the macro coal mine,” reflecting its tendency to react quickly to shifts in investor sentiment and broader economic conditions.

That characterization appeared timely as technology stocks also came under pressure, with the Nasdaq experiencing a sharp selloff during the same period.

Dragosch outlined three key support levels that traders are closely monitoring.

The first sits near $61,000, a long-term average price level that has historically attracted buyers.

Below that is approximately $56,000, representing the average purchase price of many current holders.

The final major support zone is around $48,000, which reflects the average cost basis of long-term investors.

Dragosch described that level as the market’s “maximum pain scenario.”

If all three support zones fail, he believes Bitcoin could ultimately test the $48,000 range.

Other analysts remain cautious as well.

Alex Thorn, Head of Research at Galaxy, recently said Bitcoin may not have reached its ultimate bottom.

According to Thorn, only four of thirteen historical indicators typically associated with major market bottoms have been triggered.

Galaxy’s research suggests Bitcoin could potentially fall into a range between $40,000 and $46,000 before the current cycle fully resets.

There are, however, some early signs that selling pressure may be easing.

Dragosch noted that Bitwise’s proprietary bottom-detection model has started moving higher in recent weeks.

At the same time, he cautioned that blockchain data has not yet reached the extreme levels often associated with major market capitulation.

In simple terms, the market may be moving closer to a bottom, but analysts do not yet see definitive evidence that the decline has ended.

Not everyone is bearish.

Matt Hougan, Chief Investment Officer at Bitwise, continues to maintain a constructive long-term outlook.

Hougan argues that Bitcoin’s fundamental scarcity remains unchanged.

With a maximum supply capped at 21 million coins, he believes the long-term investment case remains intact despite short-term volatility.

As Hougan recently noted, “there is good news underneath the surface,” even if investors have not yet seen it reflected in prices.

That debate—between short-term selling pressure and long-term scarcity—is now at the center of the Bitcoin market.

For everyday investors, the lesson is clear.

Bitcoin remains one of the most volatile major financial assets in the world.

The same exchange-traded funds that made cryptocurrency easier for mainstream investors to buy can also accelerate selling when sentiment shifts.

The key level now is $61,000.

If Bitcoin holds above it, fears of a deeper selloff may begin to fade.

If it breaks below, traders will quickly turn their attention to the next support levels further down.

JBizNews Desk — Markets

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Michael Saylor, co-founder of Strategy Inc. (NASDAQ:MSTR), once acknowledged that his mother’s encouragement planted the belief in him that he could succeed in life.

The Story Of The ‘Best Paper Boy’

During the “When Shift Happens” podcast that aired May 21, Saylor recalled his first job as a paperboy in Dayton, Ohio, when he’d wake up very early in the morning to drop off newspapers.

He remembered there was a competition for the “best paper boy” in the city, and how his mother had encouraged him to participate.

“And she’s telling me, whispering my, ‘You’re going to do great things. You know, you’re going to conquer the world,” Saylor added.

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A Canadian teenager accused of stealing millions in cryptocurrency and financing a luxury lifestyle with the proceeds has pleaded guilty to money laundering charges in U.S.

What Happened

Trenton Johnston, a 20-year-old Canadian citizen, pleaded guilty Tuesday in federal court in Miami to one count of conspiracy to commit money laundering.

According to prosecutors cited by The New York Times, Johnston participated in a cryptocurrency fraud operation over a two-year period.

Court filings allege Johnston impersonated representatives from Google and cryptocurrency companies to gain access to victims’ accounts before stealing their funds.

Authorities say the proceeds financed an extravagant lifestyle that included luxury vehicles, jewelry, nightclub spending and private jet travel.

The Alleged Scheme

Homeland Security investigators said Johnston entered the U.S. from Canada …

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Ethereum (CRYPTO: ETH) remained in a narrow range on Sunday, continuing a consolidation that has been going on in the past week. ETH was trading at $1,662, a few points above the year-to-date low of $1,510. Still, technicals and fundamentals suggest that it may be on the cusp of more downside.

Ethereum Price May Drop Further as Wall Street Sells

There are signs that US investors are rotating from the crypto industry and pumping their cash to the booming stock market. Data shows that spot Ethereum ETFs have continued experiencing substantial outflows this year.

These ETFs suffered a $4.95 million in outflows on Friday, bringing the weekly losses to $14.9 million. The funds have lost over $187 million in assets this month, bringing the year-to-date net outflows to $1.1 billion. 

The same is happening with Bitcoin (CRYPTO: BTC), whose ETFs have lost over $3 billion this year. 

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Ripple (CRYPTO: XRP) continued its strong downward trend last week and is hovering at its lowest level since November 2024. It has dropped in the last five consecutive weeks and is down by 70% from its highest point last year. 

XRP Price Has Slipped Despite Rising ETF Inflows

The XRP token has been in a steep decline since July last year despite some bullish news. One of the top catalysts has been rising ETF inflows, a sign that US investors are accumulating. 

Data shows that these ETFs have added $13 million in assets this month after adding $132 million in May. They are in the third consecutive month of inflows, with the net cumulative figure jumping to $1.44 billion. The Bitwise XRP ETF leads with $296 million, while Canary’s XRPC has $254 million. 

The ongoing XRP ETF inflows is a sharp contrast to those of Bitcoin

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This week in the crypto world was a rollercoaster ride, with Bitcoin’s potential drop, Dogecoin’s spending versus holding debate and significant purchases by crypto whales.

Let’s dive into the top stories that shaped the week.

Bitcoin’s Worst-Case Scenario

A Bitwise executive has outlined a potential worst-case scenario for Bitcoin, suggesting that the cryptocurrency could drop another 20% to $48,000. The executive identified three structural supports beneath the current spot price, with $48,000 being the worst-case floor if all three give way.

Read the full article here.

Dogecoin’s Purpose: Spending or Holding?

The Dogecoin Foundation’s director, Timothy Stebbing, has argued that Dogecoin is for spending, not holding. This statement comes amidst a debate within the crypto community about whether utility or speculation will determine the cryptocurrency’s future.

Read the full article here.

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Sam Bankman-Fried, the former crypto billionaire convicted for fraud in 2023, lost an appeal to overturn his conviction and 25-year prison sentence Friday, Reuters reported. 

A New York jury found Bankman-Fried guilty on two charges of wire fraud and five conspiracy counts in November 2023 for his actions while running FTX, a cryptocurrency exchange that declared bankruptcy in 2022 after once being valued at more than $26 billion.

Bankman-Fried pleaded his case to a three-judge panel of Manhattan’s 2nd U.S. Circuit Court of Appeals, who unanimously rejected his plea on Friday, calling the evidence against him “conservatively stated, robust,” according to Reuters. 

“While he was publicly reassuring customers, investors and regulators that FTX customer funds were ​safe, he was simultaneously using FTX as his own personal piggy bank, spending customer funds on real estate, ​political contributions, and investments,” Circuit Judge Barrington Parker stated, per Reuters.

DEAL-MAKING CLEMENCY: INSIDE TRUMP’S MOST DISPUTED PARDONS OF 2025

Bankman-Fried became a prolific political donor in the years leading up to his conviction. 

While the one-time crypto magnate appeared to strongly favor Democrats with his donations — his $40 million contributions to Democrats in the 2022 midterms made him the party’s second-biggest donor after George Soros — he poured a significant amount funds into Republican coffers as well. 

According to Michael Lewis’ book about Sam Bankman-Fried’s rise and fall, the former crypto billionaire explored whether a large payment could persuade then-former President Donald Trump not to run for president again. Now, Sam Bankman-Fried signaled he’s like a presidential pardon from Trump.

Bankman-Fried made the admission in an interview with Fox Business’ Susan Li, who asked him if he wanted a pardon.

“Absolutely,” he told Li, adding, “It would be obviously, you know, ultimately up to the president, not up to me.”

Bankman-Fried also insisted he was innocent of defrauding or stealing from his customers. 

CONVICTED FTX FOUNDER SAM BANKMAN-FRIED INSISTS HE’S INNOCENT IN EXCLUSIVE PRISON INTERVIEW

“I didn’t steal user funds either,” he told Li. “Customers have been repaid now 170% or so on their deposits. It’s one of the very few cases where the platform was over-collateralized, where customers were more than made whole. And yet there was, you know, not just a criminal investigation, but a prosecution. And, you know, dozens of years of sentence[s].”

FTX’s bankruptcy estate confirmed to FOX Business that customers are being repaid in full with some getting returns as high as 118%. However, those estimations are calculated using crypto prices from November 2022, a near-bottom in the cryptocurrency market.

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Federal prosecutors alleged during the trial that Bankman-Fried systematically diverted billions of dollars in customer deposits to cover trading losses at his private hedge fund, Alameda Research, orchestrating what they described as a financial fraud of historic proportions. 

Fox Business’ Kristen Altus and Susan Li contributed to this report.

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Bitcoin (CRYPTO: BTC) jumped above $64,250 on Saturday, helped by falling crude oil prices and dip buying among investors. It has jumped by close to 10% from its lowest point this month. Still, the coin is facing a $4.4 billion headwind as the risky bearish pennant pattern forms.

Bitcoin Price is Facing a $4.4 Billion Tailwind as US Investors Dump

Data shows that American investors continued dumping their Bitcoin ETF holdings this week. These funds suffered a $315 million outflow, with the iShares Bitcoin ETF (NASDAQ:IBIT) and Fidelity’s FBTC leading the charge. 

This week’s outflows brought the monthly loss to over $2.4 billion. Added to the $2.4 billion they lost in May, these funds have lost 44.4 billion in the last two months, much higher than the $3.2 billion they added in March and April this year. 

The ongoing ETF outflows is likely because American investors have been rotating from crypto to the booming stock market. Stock ETFs have added over $1 trillion in assets this year, with the Vanguard S&P 500 ETF …

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A crypto trader known as Jawz posted Friday that he turned a presale allocation into $80 million, only to see his net worth evaporate to $500,000 after a streak of financial excess.

From $80 Million To $500,000: How It Happened Step By Step

Jawz got a presale allocation in OlympusDAO in 2021, staked everything, and watched the position compound daily to $80 million at peak. 

Rather than taking profits, he started spending.

Private jets to Dubai, $40,000 weekends in Monaco, a garage of cars driven twice, and high-limit casino rooms in Vegas and Macau where he would lose $2 million in a night.

When OHM unwound, he did not sell. He doubled down, then leveraged at 5x, then 10x, trying to trade back to the peak. 

Each liquidation triggered a larger position. $80 million became $20 million, then …

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The SpaceX (NASDAQ:SPCX) trading debut Friday is quietly creating a Bitcoin (CRYPTO: BTC) buying opportunity, according to Milk Road analyst John Gillan.

Capital Rotation Into SpaceX Is Draining Crypto Of Attention And Buyers

Investors have been raising cash for weeks to fund SpaceX allocations, pulling liquidity from Bitcoin and crypto in the process. 

SpaceX opened at $162 Friday, above its $135 IPO price, after raising $75 billion at a $1.77 trillion valuation, making it the seventh most valuable US company ahead of Tesla Inc. (NASDAQ:TSLA). 

Elon Musk said on a JPMorgan Chase (NYSE:JPM) livestream before the IPO that SpaceX has been cash-flow positive since around 2015 and plans to put over 100,000 satellites in orbit and build AI data centers in space.

“Bitcoin and crypto right now have gotten like no attention, no speculation, no …

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Bitcoin is holding $63,000 as optimism around a peace deal in the middle East fuels positive social sentiment.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,674
Ethereum (CRYPTO: ETH) $1,664
Solana (CRYPTO: SOL) $67.30
XRP (CRYPTO: XRP) $1.13
Dogecoin (CRYPTO: DOGE) $0.08783
Shiba Inu (CRYPTO: SHIB) $0.054847

Notable Statistics:

  • Coinglass data shows 108,898 traders were liquidated in the past 24 hours for $284.06 million.       
  • SoSoValue data shows net outflows of $19.03 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $15.9 million.
  • In the past 24 hours, top gainers include Humanity, OFFICIAL TRUMP and Audiera.

Notable Developments:

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Standard Chartered Global Head of Digital Assets Research Geoff Kendrick called the crypto bottom Friday, saying Bitcoin’s (CRYPTO: BTC) drop to $59,000 marked the lowest point of this cycle and that crypto winter is over.

Why Kendrick Thinks $59,000 Was The Low

Kendrick’s call rests on three converging catalysts arriving simultaneously Friday. Oil prices fell 1.5% to $86 per barrel as Trump announced a potential US-Iran peace deal could come this weekend ahead of the G7 summit. 

SpaceX’s (NASDAQ:SPCX) $75 billion IPO launched, which Kendrick argued pulled capital out of Bitcoin ETFs as investors sold to free up cash for the offering rather than exiting crypto on fundamental concerns.

“I think we have now seen …

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