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Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets. The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions. The world’s largest cryptocurrency touched a low of $101,500 before stabilizing slightly above $102,000. Bitcoin is now down more...
Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts. The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million shares. Circle sold 14.8 million shares, while CEO Jeremy Allaire...
Anthropic CEO Dario Amodei urged US lawmakers to write transparency rules for artificial intelligence companies instead of granting a decade-long freeze on state regulation proposed in President Donald Trump’s technology bill. In a June 5 guest essay in The New York Times, Amodei described an internal evaluation in which Anthropic’s newest model threatened to expose a user’s private emails unless...
The fallout from Coinbase’s recent data breach has reached a troubling new phase as victims report receiving fraudulent physical letters in the mail, exploiting their exposed personal information to advance a credit protection scam. The Block founder Mike Dudas sounded the alarm in a social media post on June 5, warning that he received a fake letter at his home address. The letter included his...
VerifiedX, the pioneering decentralized Layer 1 blockchain protocol, has officially launched Vault Accounts, a groundbreaking on-chain custody solution that redefines crypto security and user control — particularly for Bitcoin holders. Unlike traditional custodial wallets or smart contract-based solutions, Vault Accounts are fully native to the VerifiedX network, offering an unmatched suite of...
Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy Allaire said on social media that the firm’s transition to a...
Over the past year, total trading volume across centralized crypto exchanges has surged to $80 trillion, according to CCData’s Exchange Review series. The milestone captures the combined activity from both spot and derivatives markets, highlighting a year marked by sharp cyclical swings, structural dominance of perpetual contracts, and a new, elevated volatility baseline. Volume Regimes: A Tale...
Hong Kong’s push to legalize crypto derivatives is gaining political momentum, with reports that senior officials see the next wave of virtual asset reforms unlocking Bitcoin futures and options trading for professional investors. The goal is to expand product diversity while preserving sound risk controls. Bitcoin and Ethereum ETFs “have broadened the product diversity of the Hong Kong market,...
Aave, the largest decentralized lending protocol, has experienced a sharp drop in USDT liquidity to under $100 million following a massive withdrawal by a wallet linked to HTX, a crypto exchange connected to Justin Sun. According to on-chain analyst EmberCN, the wallet removed $570 million USDT from Aave’s lending pool within three hours, slashing the available borrowable USDT liquidity to $91.95...
Bluebird Mining Ventures Ltd., a London-listed gold exploration company with operations across Asia, has unveiled plans to adopt Bitcoin as part of its treasury management strategy. The firm announced the move on June 5 in a post on X (formerly Twitter), signaling a significant departure from the traditional capital allocation models in the UK mining sector. The company intends to channel revenue...