Key Takeaways Trump is threatening to terminate federal contracts with Elon Musk after Musk opposed a tax and spending package. Musk made accusations involving Trump and Jeffrey Epstein on X, leading to a 20% drop in Tesla shares. President Donald Trump threatened to terminate federal contracts with Elon Musk today after the billionaire publicly opposed … Read more
Bitcoin saw 556K new wallets and 241K BTC moved, the highest activity since December 2024. Derivatives market shows mixed sentiment as Futures rise but Options volume slumps. Bitcoin [BTC] has seen a strong rise in on-chain activity, with 556,830 new wallets created on the 29th of May—the highest since the 2nd of December 2023. Additionally, … Read more
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 … Read more
Stablecoin issuer Circle Internet Financial saw its stock take off on its first day of trading, leaping from an initial price of $31 to an intraday peak of $94.84. By 3 p.m. Eastern time, the CRCL ticker was up more than 158%, cruising at $80.19. Wall Street Just Got a Straight Dose of Stablecoin Hype, … Read more
Profit-taking continued to weigh on crypto markets in the early Thursday session, with XRP falling 1.61% in the last 24 hours to $2.21 as selling pressure arose. According to CoinMarketCap data, XRP has seen a trading volume of just $1.97 billion in the last 24 hours, a 20% decrease from previous daily activity. For a … Read more
Circle is facing criticism from Jeff Dorman, chief investment officer at digital asset investment firm Arca, over a $135,000 allocation to Arca during the stablecoin issuer’s recent initial public offering. In an open letter posted to social media, Dorman accused Circle and its leadership of poor judgment, calling the allocation “inappropriate” and announcing the closing … Read more
This is a segment from The Drop newsletter. To read full editions, subscribe. No, it’s not a Twitter giveaway scam — a reality show about livestreaming influencers who compete to win one whole bitcoin is coming to Netflix in the UK and Ireland June 18. The House of Streams show will feature eight Twitch streamers … Read more
World Liberty Financial (WLFI), the cryptocurrency platform backed by US President Donald Trump and members of his family, has reportedly issued a cease-and-desist letter to the company responsible for creating a Bitcoin wallet tied to the president’s brand. According to a June 5 Bloomberg report, WLFI sent the letter to Fight Fight Fight LLC, the … Read more
AUSTIN, TX – MARCH 30: Marco Bezzecchi (72) of Italy and Aprilia Racing leads a pack of riders up … More the hill into turn one during the MotoGP Red Bull Grand Prix of the Americas on March 30. 2025, at Circuit of The Americas in Austin, Texas. (Photo by David Buono/Icon Sportswire via Getty … Read more
When 2024 wrapped up, the SHA256 consensus algorithm used by Bitcoin ranked third in profitability, but now, as we kick off June 2025, it shares the top spot, matched up with Litecoin’s Scrypt. SHA256 and Scrypt Tie for Top Mining Profits in June 2025 Dec. 29, 2024 saw Scrypt, the mining method for litecoin ( … Read more