Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 11% for the first time since 2018. Institutional adoption is accelerating BTC withdrawals from public exchanges. Trust in centralized platforms is shaky post-FTX. Bitcoin’s (BTC) percent supply on exchanges has dropped to near seven-year lows, falling below 11% for the first time since March 2018, … Read more
Ridesharing giant Uber is in the “study phase” of using stablecoins to help reduce the costs of moving money around the world, says its CEO Dara Khosrowshahi. Khosrowshahi said on stage at the Bloomberg Tech Summit in San Francisco on June 5 that Uber is “definitely going to take a look” at stablecoins. “We’re still … Read more
USD/CAD trades with caution near 1.3650 as the US/Canada labor market data for May takes centre stage. The US economy is expected to have added 130K job-seekers while the Canadian laborforce is estimated to have been reduced by 15K workers. The optimism on the Sino-US trade deal has offered support to the US Dollar. The … Read more
North Korea’s sprawling crypto laundering network has been hammered as U.S. authorities seized $7.74 million tied to fake IT jobs, blockchain trickery, and weapons funding. DOJ Targets North Korea’s Crypto Laundering Network With Asset Seizure The U.S. Department of Justice (DOJ) announced on June 5 that it has filed a civil forfeiture complaint seeking to … Read more
Investors who went long on Bitcoin saw significant losses over the past 24 hours as the cryptocurrency dipped nearly 3%, nearing a retest of the $100,000 level. The price decline comes as the feud between US President Donald Trump and billionaire Elon Musk intensifies, and those holding Bitcoin (BTC) for over 155 days keep selling … Read more
Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties. Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end. Pythagoras Investments’ Gabeljic notes BTC’s lower volatility compared to other digital assets amid tariff news. Bitcoin (BTC) commenced the Asian trading day holding steady … Read more
The rise of companies adding Bitcoin to their balance sheets has been one of the most fascinating narratives in the recent cryptocurrency bull runs. Led by prominent figures like Michael Saylor at MicroStrategy, this trend signaled a new era of institutional interest and confidence in digital assets. However, as these companies acquired Bitcoin, often using … Read more
Bitcoin’s recent plunge to $101,579 marks a significant market correction triggered by nearly $1 billion in liquidated crypto positions, underscoring heightened volatility in digital assets. The downturn is compounded by a high-profile political clash between Elon Musk and President Trump, injecting uncertainty and prompting widespread investor caution. According to COINOTAG sources, analysts caution that Bitcoin … Read more
Coinbase, one of the biggest crypto exchanges in the U.S., has announced plans to list PancakeSwap’s native token, CAKE. This is a game-changer for PancakeSwap, giving it a major boost in visibility and helping it take a step forward in decentralized finance. On June 4, Coinbase revealed plans to list PancakeSwap’s native token, CAKE, on … Read more
Crypto regulation is poised for a breakthrough as a top SEC official champions streamlined oversight, expanded custody options, and investor-friendly policies empowering digital asset adoption. SEC Commissioner Aims to Cut Regulatory Red Tape in Crypto Oversight U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce advocated for a more accommodating regulatory approach to digital assets … Read more