More than 8 million $BTC are now being held at an unrealized loss as Bitcoin’s recent correction continues to pressure investors, according to on-chain data from Glassnode. The latest figures shared on June 10 show Bitcoin ($BTC) supply in loss has climbed to roughly 8.33 million $BTC following the market’s decline from recent highs. The
With its stock down 42% year-to-date and 85% over the past 12 months, Metaplanet, Japan’s largest bitcoin ($BTC) treasury company, is looking to restore investor confidence. On Monday, its CEO Simon Gerovich broadcasted, “when mNAV is below 1.0x we will strongly consider repurchasing common shares.” The acronym mNAV refers to the premium that investors pay
Mike McGlone, a commodity strategist at Bloomberg Intelligence, has flagged ‘a 100-year pump-then-dump risk signal’ for US stocks and Bitcoin (BTC). In a June 10 analysis shared on X, McGlone argued that the stock market could end 2026 lower than expected despite years of strong gains, pointing to extreme valuations in US equities and growing
Tempers are flaring as the bitcoin bear market deepens. Strategy’s (MSTR) latest bitcoin purchase has sparked a public debate on X between Executive Chairman Michael Saylor and bitcoin advocate Matthew Kratter over whether the company’s most recent capital raise was accretive or dilutive for shareholders. The disagreement centers on Strategy’s own bitcoin performance metric, $BTC
Flare co-founder Hugo Philion has confirmed that the team is exploring a LayerZero Decentralized Verifier Network. His remarks followed a community proposal involving FXRP and the Cardano ecosystem. Philion did not confirm that Flare plans to bring FXRP to Cardano. The discussion remains at an early stage, with no launch date, technical plan or formal
Bitcoin’s latest selloff pushed more than 50% of its circulating supply into an unrealized loss, according to K33 Research. More than 10 million $BTC last moved above current prices after Bitcoin briefly fell below $60,000. The move also took Bitcoin under its 200-week moving average. K33 views the area near $60,000 as a possible cycle
Japanese game company Enish (3667.T) sold off all of its holdings in Bitcoin ($BTC) and booked a loss. It is reportedly turning toward staking in the Solana ecosystem. However, dropping $BTC prices have left some major companies to reconsider their strategy. The company reportedly sold 8.063 $BTC for around 79.27 million Japanese yen ($510,000). The
The highly anticipated SpaceX public listing has already created massive excitement across financial markets. Investors have waited years for a chance to gain direct exposure to one of the world’s most valuable private companies. Now ProShares enters the spotlight with a new investment product designed to ride that momentum from day one of trading. ProShares
KB Kookmin Bank has officially become the first South Korean bank to raise $100 million through a blockchain-based dollar bond. The company used HSBC’s Orion digital asset platform for the two-year note. HSBC is acting as the sole lead manager of the deal, as KB Kookmin Bank said it expects to offset some issuance costs
The crypto industry is entering a new phase where institutions no longer base adoption decisions solely on Bitcoin’s price. Instead, they are evaluating whether the underlying financial infrastructure can support long-term participation. In an exclusive interview with Coinpedia, Joey Garcia, Chief Strategy, Policy, and Regulatory Affairs Officer at Xapo Bank, explained why the industry is