Bitcoin continues to show signs of recovery as its price rebounds from a brief correction last week. At the time of writing, the crypto is trading at $109,693, reflecting a 0.4% increase over the past 24 hours. Despite this upward movement, the current price remains roughly 2% below its all-time high of over $111,000, recorded … Read more
MEXC has introduced a $100 million Guardian Fund to enhance user protection, with full blockchain transparency allowing real-time public verification of fund balances and usage. MEXC Sets Industry Standard With Fully Transparent Safety Net for Crypto Users Global crypto exchange MEXC has launched a $100 million Guardian Fund aimed at safeguarding users against severe security … Read more
The U.S. government bought back another $10 billion of its debt through the Treasury Department on June 10. The Treasury’s latest move has matched the largest buyback of its bonds in history from June 3, with its previous largest buyback being in 2000, at approximately $3 billion. According to the Bureau of the Fiscal Service, … Read more
DeFi Development Corp has run into a minor setback on its quest to raise $1 billion to buy more Solana after the US Securities and Exchange Commission knocked back its S-3 filing. The Nasdaq-listed firm said in a statement to the SEC on Wednesday that it seeks to withdraw its previous registration statement because the … Read more
Strategy founder Michael Saylor says Covid-era restrictions and US central bank monetary policy at the time are what ultimately motivated him to invest in Bitcoin in 2020. During an interview with Dr. Jordan B. Peterson that aired on June 9, Saylor said he became deeply interested in Bitcoin (BTC) in 2020 following what he called … Read more
U.S. Bancorp’s institutional crypto custody business has seen a revival under the crypto-friendly Trump administration and the bank is “studying and watching” what role it could play with stablecoins, says its CEO. U.S. Bancorp CEO Gunjan Kedia said on Wednesday at the Morgan Stanley US Financials Conference that her bank’s crypto custody service, created in … Read more
Solana has surged 17% from its recent support level, rallying off a strong confluence zone at $143. Now, price action faces a critical test at the $176 resistance. Whether Solana breaks through or rejects from here could define its next major move. After a sharp rebound from a high-confluence support zone, Solana (SOL) is now … Read more
Crypto analysts are skeptical of veteran trader Peter Brandt’s recent speculation on X that Bitcoin could repeat its 2022 pattern and correct by 75%. “Never say never; it just feels very unlikely at the moment,” Swyftx lead analyst Pav Hundal told Cointelegraph. Peter Brandt says it “doesn’t hurt to ask” It comes after Brandt’s recent … Read more
Bitcoin is entering a period of volatility, as macro effects align for a short-term rally to $111,000, according to Bitfinex Head of Derivatives Jag Kooner. Macro factors, including a potential U.S.– China trade deal and cooler-than-expected inflation figures, are aligning to support another Bitcoin (BTC) ally. On Wednesday, June 11, Jag Kooner, Head of Derivatives … Read more
French police have reportedly made more arrests in the abduction of a crypto entrepreneur’s father whose finger was severed as part of the ransom demands. The state-owned media outlet France 24 reported on Wednesday that police have arrested several people suspected of involvement in the kidnapping, citing a source close to the case. There has … Read more