Ripple Labs unlocked 1 billion XRP on June 1, 2026, from the escrow account. The blockchain payment company received the monthly unlock on Monday across three transactions, according to on-chain data from XRPSCAN, as analyzed by Finbold. The largest single transaction involved 500 million XRP, valued at about $640 million at press time. Ripple’s unlock of XRP from […]
Bitcoin broke below $73,000 for the first time in months as fresh U.S. strikes on Iran sent risk assets lower and triggered one of the largest liquidation events of the year. Bitcoin traded at $72,978 in Asian hours Thursday, down 3.4% over 24 hours and 6.3% over the past seven days, per CoinDesk data, after […]
Bitcoin price outlook is back in focus after Michael Saylor’s Strategy (NASDAQ: MSTR) disclosed its first BTC sale in more than three years, prompting investors to assess what the move means for the asset. Indeed, the transaction has coincided with a period where Bitcoin (BTC) is struggling to maintain the $70,000 support zone. As of […]
Strategy’s (formerly MicroStrategy) first publicized bitcoin sale has triggered a $15 million resolution dispute on Polymarket. While the sale was announced in a June 1 filing, the actual disposition occurred in late May. Bettors are now split on whether sales executed between May 26 and May 31 should count for the prediction market’s May 31 […]
The XRP investment products recorded more than $20 million in net weekly cash flow, thereby outshining Bitcoin (BTC) and Ethereum (ETH), which saw net outflows. During the last week of May, XRP’s investment products reported a net cash inflow of about $20.3 million, according to data from CoinShares analyzed by Finbold on June 1. As […]
The end of May 2026 brought a dangerous anomaly to financial markets as the U.S. S&P 500 index stormed to historical highs while the cryptocurrency sector rapidly lost ground. This price gap forced Bloomberg Intelligence senior commodity strategist Mike McGlone to register a hard technical sell signal. In his outlook, the industry has launched a […]
BlackRock Inc. (NYSE: BLK) has seen the value of its crypto portfolio drop by more than $13 billion in the first five months of 2026. BlackRock’s crypto portfolio has declined by $13.83 billion year-to-date (YTD), down from $78.36 billion on the first day of 2026 to about $64.53 billion on June 1. As such, BlackRock’s […]
Bitcoin and software stocks moved almost in lockstep for much of the past five years, with BTC treated as a high-beta technology asset. The iShares Expanded Tech-Software Sector ETF (IGV) served as one of the best proxies for the software sector. That relationship, however, appears to have broken down. Since May 14, bitcoin and IGV […]
Bitcoin market analyst PlanB has issued a cautious forecast, stating there is a greater than 50% probability that Bitcoin ($BTC) will fall below $61,000. In a post on X, the analyst known for his stock-to-flow model highlighted a divided market, with some believing the $60,000 level reached in February marked the cycle bottom, while others […]
The Bitcoin Kimchi Premium — the price gap between $BTC on South Korean exchanges and global markets — has dropped to -2.7%, marking its lowest level since March 2022. The data, shared by cryptocurrency analyst MAC.D, reflects a notable shift in local market sentiment and trading dynamics. Understanding the Kimchi Premium The Kimchi Premium has […]