Bitcoin | Crypto

BiT Global, a crypto custody firm tied to entrepreneur Justin Sun, has voluntarily dismissed its lawsuit against Coinbase over the delisting of Wrapped Bitcoin (WBTC). The move ends a months-long legal dispute that spotlighted growing tensions between centralized exchanges and token custodians as control over key infrastructure becomes increasingly contested. Filed on June 6 in […] The post BiT Global drops Coinbase lawsuit over wrapped Bitcoin delisting appeared first on CryptoSlate.

Bitcoin’s correlation to stocks and uncertainty about the future of the US economy could cap BTC price gains below $110,000. Key takeaway: Bitcoin price gains above $110,000 could be capped by BTC’s correlation to stocks and US recession fears.  Bitcoin (BTC) rose 3.5% between June 7 and June 9, approaching the $108,500 mark. Despite this recent uptick, professional traders remain notably cautious, as reflected in BTC derivatives metrics. Broader macroeconomic tensions persist, and Bitcoin continues to show a strong correlation with the stock market, limiting its short-term upside potential. Read more

An uptick in long-term Bitcoin holders and BTC’s start-of-week price break above $108,000 could be a sign that new highs are in order. Key takeaways: Bitcoin’s Doji candle and a bullish chart fractal hint at a rally to $120,000. Bitcoin HODLers are absorbing freshly sold BTC, a historically bullish sign for its price. Read more

The Paraguayan government made an official statement that President Santiago Peña’s verified X account was hacked and published an unauthorized declaration that Bitcoin (BTC) would be made legal tender on June 9. The post also included a false plan to establish a Bitcoin treasury and add $5 million in BTC. The compromised account displayed an image […] The post Paraguay’s presidency swiftly debunks Bitcoin legal tender hoax, confirms X account hack appeared first on CryptoSlate.

Tether is building a gateway for new players to enter Bitcoin mining by releasing its Bitcoin Mining OS (MOS) as open-source software by the end of 2025, according to CEO Paolo Ardoino. In a June 9 post on X, Ardoino explained that the move will lower barriers for small and independent miners. Tether expects to […] The post Tether to democratize Bitcoin mining with open-source software debut appeared first on CryptoSlate.

A poorly received 20-year bond auction caused Bitcoin’s price to suddenly drop last month.

Strategy has acquired an additional 1,045 Bitcoin (BTC) $110.2 million, according to a June 9 filing with the US Securities and Exchange Commission. The purchase occurred between June 2 and June 8 at an average price of $105,426 per coin. Strategy’s total Bitcoin stash now amounts to 582,000 BTC. The company’s average price now stands […] The post Strategy buys another 1,045 Bitcoin to push its stash to nearly 3% of supply appeared first on CryptoSlate.

Analysts say Bitcoin could break its all-time high within one to two weeks, following breakout patterns seen recently in gold and the S&P 500. Key takeaways: A newly created whale wallet opened a $54.5M 20x long position on Bitcoin at $106,538. Bitcoin nears $108,000 as US-China trade talks and bullish equity forecasts lift market sentiment. Read more

The USDt issuer plans to launch its open-source project by the fourth quarter of 2025, according to CEO Paolo Ardoino. Stablecoin issuer Tether plans to open-source its Bitcoin mining software, a move the company said would allow new miners to enter the market without relying on expensive third-party vendors. By open-sourcing its Bitcoin Mining OS (MOS), “A horde of new Bitcoin mining companies will be able to enter the game and compete to keep the network safe,” Tether CEO Paolo Ardoino said in a Monday X post.  Ardoino described MOS as scalable and modular, “built with a peer-to-peer [Internet of Things] architecture at its core.”  Read more

Despite market volatility and evolving investment tools, hodling remains the go-to strategy for Bitcoin believers in 2025. Hodling crypto means holding onto cryptocurrency long-term instead of selling, regardless of market volatility. In 2013, a late-night forum post on Bitcointalk was titled “I AM HODLING.”  Read more

The Tysons Corner, Virginia-based firm announced a Bitcoin purchase for the ninth week in a row.

Strategy has acquired 1,045 Bitcoin for $110.2 million as part of its ongoing accumulation strategy, bringing total holdings to 582,000 BTC. Strategy has acquired $110.2 million worth of Bitcoin as the price trades near its all-time high level. According to a Monday US Securities and Exchange (SEC) filing, Strategy acquired 1,045 Bitcoin (BTC) at an average price of $105,426 per coin. The company now holds 582,000 BTC acquired for about $40.8 billion at an average price of around $70,086 per BTC. The announcement follows Strategy co-founder and executive chairman Michael Saylor hinting at the purchase on June 8. The buy marks the ninth consecutive week that Strategy has acquired Bitcoin. Read more

Check out which Bitcoin indicator climbed to a historic peak.

Bitcoin analysts say BTC price could drop in the short term before initiating a rally to all-time highs above $140,000. Key takeaways: Bitcoin price may dip toward the $100,000-$104,000 range before new highs. CPI data on June 11 could trigger volatility, with higher inflation hurting Bitcoin. Read more

A debate has erupted among the Bitcoin community over a joint statement released by 31 Bitcoin Core developers on June 6. In their statement, the developers argued that while the new transaction relay policy might lead to more non-financial use cases, protecting censorship resistance is one of the core tenets of the blockchain. The developers […] The post Bitcoin community is divided over Core devs’ statement on transaction relay appeared first on CryptoSlate.

“Send more Orange,” Strategy executive chairman Michael Saylor wrote on X, signaling another Bitcoin purchase from the company. Strategy co-founder and executive chairman Michael Saylor posted a chart of the company’s Bitcoin holdings on June 8, signaling a possible upcoming acquisition. On June 8, Saylor posted “Send more Orange” on X. Saylor’s cryptic posts are often followed by announcements of new Bitcoin (BTC) purchases. If Strategy follows up the post with another BTC buy, it will mark the ninth week of consecutive Bitcoin purchases from the company.  The post comes shortly after the company purchased an additional 705 BTC between May 26 and June 1 for around $75 million at an average price of $106,495 per coin, bringing the company’s total Bitcoin holdings to 580,955 BTC, currently valued at approximately $61.4 billion. Read more

Bitcoin traders eye key levels to hold and reclaim into the weekly close, but the chances of a major liquidity grab are growing. Key points: Bitcoin is working on completing a “successful” support retest as trader bets increase prior to the weekly candle close. BTC price volatility is expected as liquidity analysis shows that conditions favor a significant short squeeze. Read more

The Bitcoin community is divided after core developers released a joint statement on transaction relay policy and use cases amid the ongoing OP_RETURN debate. A collective statement from 31 Bitcoin core developers has sparked a global debate among Bitcoiners after suggesting a hands-off approach to how the Bitcoin network is used, amid ongoing controversy over non-monetary use cases. “This is not endorsing or condoning non-financial data usage, but accepting that as a censorship-resistant system, Bitcoin can and will be used for use cases not everyone agrees on,” the June 6 statement published on the Bitcoin Core website said. The letter argued that Bitcoin (BTC) is a network “defined by its users” and that its core contributors are “not in a position” to mandate what software or policies they desire. It comes amid the ongoing debate over spam inscriptions on the Bitcoin network. Read more

Metaplanet plans to own 100,000 Bitcoin by the end of 2026, James Wynn lost $25 million in a Bitcoin bet: Hodler’s Digest Metaplanet, also known as Japans Strategy, has updated its Bitcoin acquisition plans to acquiring 100,000 BTC by the end of 2026. Metaplanet on June 6 posted its new Bitcoin plan, increasing its previous target of 21,000 BTC. Our previous target to hold 21,000 BTC by the end of 2026 has now been dramatically revised upward. We now aim to hold 100,000 BTC by that time, Metaplanet CEO Simon Gerovich said in an announcement posted on X. Read more

Netflix’s latest reality venture, House of Streams, is set to debut on June 18 in the UK and Ireland, offering 1 Bitcoin to the winning contestant. The post Netflix’s ‘House of Streams’ to Award 1 Bitcoin to Winning Streamer appeared first on Cryptonews.