CFTC Pulls New Mexico Into Prediction Markets Battle

New Mexico is the latest US state to be pulled into the Commodity Futures Trading Commission’s legal fight for its jurisdiction over prediction markets after the state sued Kalshi for allegedly offering illegal sports betting. The CFTC said on Friday that it sued New Mexico Governor Michelle Lujan Grisham, state Attorney General Raúl Torrez, and…

XRP price: Ripple-linked token climbs 4% to $1.18 as traders test next resistance zone

XRP’s rebound is starting to look less like a dead-cat bounce and more like a market trying to build a base. Buyers pushed the token through $1.14 and then $1.18 on the strongest volume seen since the selloff began, forcing traders to focus on whether the recovery can carry into the $1.20-$1.30 resistance zone that…

Strategy Buys 1,550 Bitcoin, Expands Holdings to 845,256 BTC

[Update 18:15 UTC June 8: Adds outcome of Strategy shareholder vote on change in preferred stock dividend payments in sixth paragraph.] Strategy purchased 1,550 Bitcoin for approximately $101.3 million last week, bringing its total holdings to 845,256 BTC. The company paid an average price of $65,332 per Bitcoin for the purchase, according to a Monday…

Standard Chartered Sees Signs of Bitcoin Bottom

Standard Chartered analyst Geoff Kendrick on Friday told clients that he believes crypto asset prices have seen the low in the current cycle and he is looking for confirmation in three indicators: Strategy’s reporting that it bought more Bitcoin last week; crypto exchange-traded funds (ETF) saw positive inflows on Friday; and, oil prices continue to…

Bitcoin could crash to $48,000, if this historical pattern is triggered

Bitcoin BTC$63,730.75 has a unique pattern, and it has held across every major bullish cycle since the cryptocurrency began trading near zero 16 years ago. This pattern suggests that prices could crash to at least $48,000. The pattern works like this. Draw Fibonacci retracements from near zero – BTC began trading at $0.003 in February…

Bitcoin Price Bull Setup ‘Finally Happening’ as Iran Deal Keeps BTC Above $64,000

Bitcoin (BTC) circled $64,000 into Sunday’s weekly close as a US-Iran peace deal appeared imminent. Key points: Bitcoin stays higher as US president Donald Trump pledges an Iran peace deal on Sunday. The Strait of Hormuz, a key global oil route, will be “open to all,” he says. Bitcoin analysis says no bearish chart patterns…

Ethereum Can Quantum-Proof Accounts for $0.07: Ethereum Researcher

Ethereum could begin adding post-quantum protections to accounts for as little as $0.07, without waiting for a hard fork, according to the Ethereum Foundation’s Kohaku project lead Nicolas Consigny. In a Saturday X post, Consigny shared a paper proposing a cheaper way for Ethereum users to protect their accounts against future quantum-computing threats. The approach…

Here’s what SpaceX’s IPO means for its 18,000 bitcoin (BTC) holdings

For Elon Musk’s company, it’s a rounding error against a valuation of over $1.8 trillion: small enough that the stock will never trade on it, yet large enough to normalize the asset in a way no dedicated vehicle can. For years, onchain analysts estimated SpaceX held about 8,300 bitcoin. The S-1 then revealed the real…

Trump says Iran peace deal to be signed Sunday, contradicting Tehran

US President Donald Trump said a deal to end the fighting between the US and Iran is scheduled to be signed on Sunday, despite officials in Tehran previously casting doubt on the timeline.  “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” said…

Bitcoin ETFs See $1.7B Weekly Outflows

Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ended Friday, according to SoSoValue data. The outflows extended the streak to four straight weeks of billion-dollar redemptions, dating back to the week ending May 15. Data compiled by Farside Investors shows that the pressure was concentrated across the first…