Bitcoin has experienced a sharp, sudden correction, breaking down from its recent consolidation range to test lower macro support levels. The premier cryptocurrency plummeted toward the $71,000 threshold, leaving traders questioning whether the psychological support at $70,000 will hold or if a broader market liquidation is underway. The drop comes at a highly ironic moment
A new report from Fortune has revealed that SpaceX holds a significantly larger amount of Bitcoin than previously estimated, a disclosure that introduces a new layer of financial complexity for the private aerospace company. According to the report, SpaceX owns 18,712 $BTC, a figure that far exceeds the earlier public estimate of 8,300 $BTC. Fortune
Tezos introduced TzEL, an experimental privacy rollup using zk-STARK proofs and post-quantum cryptography on its testnet. TzEL addresses the “harvest now, decrypt later” problem: encrypted data stored today could be decrypted once quantum computing matures. The project uses Tezos’ data availability layer and rollup architecture to handle proofs of up to 300KB per transaction. Tezos
Strive has expanded its fundraising plans by $4.2 billion as the Bitcoin treasury company seeks additional capital for future $BTC purchases. According to a June 1 X post by Strive chief executive Matthew Cole, the company expects to increase the size of its at-the-market programs tied to ASST and SATA securities by $2.1 billion each.
In recent years, the world of traditional finance has begun to look with increasing interest at blockchain and its potential. According to Ronghui Gu, CEO of the blockchain security company CertiK, financial institutions are considering the possibility of transferring trillions of dollars in assets onchain. The time horizon for this migration could be around ten
ProCap Financial (BRR) has sold 52 Bitcoin to finance a share buyback program, according to a post on X by BitcoinTreasuries, a platform that tracks corporate Bitcoin holdings. The sale marks the first notable reduction in the company’s Bitcoin treasury since its last major purchase in March. Strategic Shift in Treasury Management The sale of
Global financial infrastructure provider OpenPayd has announced plans to go public on the Nasdaq exchange through a merger with special purpose acquisition company Titan Acquisition Corp. (TACHU). The deal, expected to close in the fourth quarter of this year, values the combined entity at approximately $1.145 billion. Strategic Rationale Behind the SPAC Merger OpenPayd, which
With markets cautious, the Bitcoin price today remains close to 72,972 $USDT and at the lower edge of the 72.1–73.2k range. As long as the daily stays below the moving averages, sellers are in control and bounces are more tactical than directional. $BTC/$USDT — daily chart with candles, EMA20/EMA50 and volumes. MAIN CONTEXT (D1): DOWNSIDE
Shinhan Financial Group has joined a coalition of major South Korean banks to explore a won-denominated stablecoin project, according to financial industry sources on June 1. The group, which includes KB, Toss, the Industrial Bank of Korea (IBK), BNK Financial, and iM Bank, held a private digital asset meeting in Seoul today. The move signals