Bitcoin Weakness Fails to Stop Corporate Adoption Wave

By Omkar Godbole (All times ET unless indicated otherwise) The cryptocurrency bull run has stalled since bitcoin (BTC) hit a record high above $110,000 last month. However, corporate adoption continues at a brisk pace. Shares in Norway-based crypto exchange Norwegian Block Exchange surged over 100% early today after the company disclosed the purchase of six…

New GPB-backed stablecoin tGBP goes live on BCP Markets

BCP Technologies, a United Kingdom-registered cryptocurrency firm, has launched a new British pound-backed stablecoin. The company revealed the rollout of its Tokenised GBP (tGBP) stablecoin in an announcement shared with Cointelegraph on June 3. TGBP is now live on BCP Technologies-operated crypto trading platform, BCP Markets, and is available to customers who pass Know Your…

Texas Rep. Brandon Gill’s $500K Bitcoin buys spark STOCK Act scrutiny

Texas Republican Representative Brandon Gill is facing scrutiny after filing late disclosures for up to $500,000 in Bitcoin purchases, potentially violating federal law. Gill, a first-term House member known for his bill proposing President Donald Trump’s face on the $100 bill, has reported two Bitcoin (BTC) purchases, each valued between $100,001 and $250,000, made on…

Ethereum’s ‘candle-to-candle’ twin structure from 2017 makes case for $6K ETH price

Key takeaways: A gold-like five-point breakout structure is making a strong case for an Ethereum price boom. Ethereum is also repeating its 2016–2017 fractal and could rally to $5,000–$6,000 if the pattern holds. Fading Solana hype and rising institutional inflows are boosting Ethereum’s fundamental strength. Gold fractal furthers Ethereum’s bull case A multi-year gold fractal…

Ripple’s RLUSD stablecoin approved by Dubai regulator for use in DIFC

The Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), has approved Ripple’s RLUSD stablecoin.  Following the approval, DIFC companies can now use the RLUSD stablecoin for various virtual asset services. These may include payments, treasury management and services. The DIFC is a free economic zone and…

Blockchain Group buys $68 million Bitcoin, boosting corporate BTC adoption in EU

Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets. The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin (BTC) for 60.2 million euros ($68.7 million). The latest acquisition brings the firm’s total holdings…

Ripple’s RLUSD stablecoin approved by Dubai regulator for use in DIFC

The Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), has approved Ripple’s RLUSD stablecoin.  Following the approval, DIFC companies can now use the RLUSD stablecoin for various virtual asset services. These may include payments, treasury management and services. The DIFC is a free economic zone and…

SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Bitcoin (BTC) failed to sustain above $105,000, indicating a lack of demand at higher levels. Research firm…

Russia’s Sberbank offers Bitcoin-linked bonds

Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as…

Bitcoin traders still expect new all-time highs in 2025

Key takeaways: BTC futures and options show stable investment sentiment despite the recent price correction. Macroeconomic uncertainty and the escalating US trade war reduce the odds of Bitcoin retesting its recent all-time high. Bitcoin (BTC) fell 5.5% between May 27 and May 30, retesting the $104,000 level for the first time in 11 days. Despite…