Bitcoin’s $13B Options Expire May Push Price To New Lows

Key takeaways: Puts (sell) options dominate the June 26 expiry with net advantages of $1B to $3.4B, leaving bulls exposed. Despite Strategy buying BTC again, heavy call (buy) positioning above $72,000 will likely reinforce bearish momentum. $13 billion in Bitcoin (BTC) options open interest is set to expire on June 26, potentially giving bears fresh…

Yuga Labs Developers Rescue 68 NFTs From Flooring Exploit

Yuga Labs-affiliated developers rescued 68 non-fungible tokens from Flooring Protocol after an exploit put NFTs from collections including Bored Apes and CryptoPunks at risk. Yuga Labs CEO Michael Figge said Monday that the recovered NFTs are now in the company’s custody and will be returned once a solution is finalized. Yuga’s pseudonymous vice president of…

Ethereum OG Dumps $136M ETH: Will it Push Ether’s Price Lower?

An early Ether (ETH) investor sold their ETH holdings over the past week as the price headed toward $2,000, sparking fears of further losses. However, onchain data tells a different story as traders speculate where ETH/USD might bottom. Key takeaways: An early Ethereum whale sold $136 million in ETH, adding pressure as Ether trades below…

WhiteBIT Gains MiCA Approval in Austria, Expands Access Across Europe

Crypto exchange WhiteBIT has obtained authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from Austria’s Financial Market Authority, allowing the company to offer regulated crypto services across the European Economic Area through a single license. Under MiCA, crypto companies authorized in one European Union member state can passport their services across the European…

GoMining challenges Jack Dorsey’s Square with a pure BTC payment rail

Bitcoin BTC$62,646.98 mining company GoMining said it is making it easier for companies to accept bitcoin BTC$62,646.98 payments, bringing it into competition with companies including Block’s (XYZ) Square. Where GoMining says it differs from incumbents is that the entire transaction is completed in bitcoin. Many competitors, including Square, allow customers to pay in bitcoin while…

Alpha Liquidations? Andrew Tate Loses Nearly $86K on Leveraged Bitcoin Bets

Andrew Tate, founder of the Real World, a company that sells online education courses on trading, lost nearly $100,000 while betting on Bitcoin (BTC) between Wednesday and Thursday. Key takeaways: Tate’s wallet balance drops to $14,000 from $100,000 in a day. The social media influencer has lost around $804,000 on Hyperliquid. Tate’s wallet balance drops…

SBI Shinsei Bank Plans Crypto Vouchers for Depositors

SBI Shinsei Bank will reportedly launch a service that rewards deposit customers with cryptocurrency exchange vouchers based on their account balances. According to a Nikkei report, customers will receive vouchers equal to 20% of their interest payments, in addition to their yen-denominated interest. The vouchers can be exchanged for Bitcoin (BTC), Ether (ETH) or XRP…

Former Ethereum Foundation Contributor Warns of ‘Slow-Burning’ Funding Crisis

Former Ethereum Foundation contributor Trenton Van Epps warned that Ethereum is facing a core development funding crisis that will highlight the need for new funding sources in the next three to nine months. The former contributor wrote in a blog post on Thursday that the Ethereum Foundation’s spending reduction and the expiration of the Client…

Binance’s Greek MiCA Bid Draws Questions About ECB Influence

Binance’s faltering European Union Markets in Crypto-Assets Regulation (MiCA) license application in Greece has raised questions about whether the bloc’s central bank may have played an informal role in the process, despite not having formal authority over licensing decisions. Even though MiCA assigns approval of crypto-asset service provider (CASP) licenses to national competent authorities (NCAs),…

Bitcoin Q3 Bottom Could Spark ‘Complete Disbelief’ Above $50,000

Bitcoin (BTC) could reach its new “macro bottom” by September, as price action continues to surprise traders. Key points: Bitcoin may “front run” exchange order-book liquidity to produce a bear-market low between $50,000 and $60,000. A trader sees “complete disbelief” if price reverses with only a partial liquidity grab. “Aggressive” shorting from Binance traders returns…