The latest CoinShares report reveals that crypto inflows soared to $224 million last week. Meanwhile, Ethereum continues solidifying its position as a frontrunner in institutional sentiment.The second-largest crypto by market cap continues to record
Japanese investment company Metaplanet’s shares spiked on market opening after announcing its plan to raise $5.4 billion to buy Bitcoin last week. Metaplanet’s stock (3350T) shot up over 12% in the June 9 trading session, trading at 1,505 yen ($10.42
Bitcoin DeFi protocol Alex Lab (stylized as ALEX Lab) suffered its second major exploit in as many years after an unknown attacker exploited a flaw in the protocol's programming logic to siphon $8.3 million in various cryptocurrencies from the protoc
Dogecoin’s six-month slide may be about to reach its moment of truth, according to independent market commentator VisionPulsed, who told followers on June 4 that the memecoin must vault the long-standing ceiling at roughly $0.40 “either this week or
Circle, the issuer of the second-largest stablecoin by market capitalization, USDC, has begun trading on the New York Stock Exchange (NYSE).Circle CEO Jeremy Allaire took to X on June 5 to announce the company’s public debut of CRCL shares on the NYS
Today in crypto, stablecoin giant Circle has begun trading on the New York Stock Exchange after the firm boosted the size of its initial public offering several times ahead of the listing in response to massive investor demand, and JPMorgan moved to
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Wednesday! June may be off to a snoozy start in the crypto market, but we've got plenty of news to keep you sharp before the next wav
Crypto analyst Wise Crypto recently turned the spotlight on BNB, noting in a post on X that the asset is approaching a critical technical juncture. According to his analysis, the weekly chart is coiling up with increasing pressure against the key res
US Senator Cynthia Lummis has indicated that certain divisions within the American military are backing the idea of a national Bitcoin reserve to address threats from economic wars.During a Bloomberg interview on June 3, Lummis said that some US gene
Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gain as it makes this parabolic run. Eth
Meta shareholders have overwhelmingly rejected a proposal to assess whether the tech giant should add Bitcoin to its balance sheet.A “Bitcoin treasury assessment” proposal put before shareholders received 3.92 million votes in favor — a mere 0.08% of
Former FTX users are reporting receiving payouts from the bankrupt exchange. On Friday, the exchange announced it has commenced the second round of distributions, valued at some $5 billion, to creditors as part of a previously announced bankruptcy pl
Yuga Labs, creator of the high-profile Bored Ape Yacht Club collection, has sold the Moonbirds intellectual property to the gaming company known as Orange Cap Games.Moonbirds' official X account posted the announcement on Friday.This is the second ti
Record prices, record inflows — what’s not to like? Bitcoin has never been hotter and institutions are finally in on it. 🔥 Record Inflows into BTC ETFsBitcoin is quickly turning into a highly-coveted asset for institutional investors. Over the past
Although experts and institutions continue to give optimistic forecasts for Bitcoin’s price in the short and long term, some point to divergence signals that may indicate an upcoming reversal.A divergence signal occurs when the price creates a higher
Coinbase’s layer-2 blockchain Base briefly saw the number of transactions it processed per second near 1,000, bringing it closer to the performance of layer-1 blockchain Solana.On May 29, Base creator Jesse Pollak said on X that Base had sustained ne
Amboss, an AI-driven solutions provider for the Bitcoin Lightning Network, has unveiled a self-custodial yield generation service called Rails, tapping into the earnings potential of the Layer 2 ecosystem.Rails is designed for users to earn yield on
Crypto analyst Egrag Crypto has predicted that the XRP price can reach $46 based on a historical pattern recorded in the first market cycle. Meanwhile, his analysis of the 3-cycle ride also showed that the altcoin can still reach double digits if it
Pakistan will allocate 2,000 megawatts (MW) to power Bitcoin mining and AI data centres. Pakistan’s Finance Ministry announced the news as part of its broader plan to stimulate the economy and use excess electricity to power Bitcoin mining initiative
Today in crypto, Strategy co-founder Michael Saylor hints at Bitcoin buy, Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and AI centers, and ARK Invest CEO Cathie Wood says crypto ETFs are here to stay, a