Bitcoin | Crypto

A debate has erupted among the Bitcoin community over a joint statement released by 31 Bitcoin Core developers on June 6. In their statement, the developers argued that while the new transaction relay policy might lead to more non-financial use cases, protecting censorship resistance is one of the core tenets of the blockchain. The developers […] The post Bitcoin community is divided over Core devs’ statement on transaction relay appeared first on CryptoSlate.

“Send more Orange,” Strategy executive chairman Michael Saylor wrote on X, signaling another Bitcoin purchase from the company. Strategy co-founder and executive chairman Michael Saylor posted a chart of the company’s Bitcoin holdings on June 8, signaling a possible upcoming acquisition. On June 8, Saylor posted “Send more Orange” on X. Saylor’s cryptic posts are often followed by announcements of new Bitcoin (BTC) purchases. If Strategy follows up the post with another BTC buy, it will mark the ninth week of consecutive Bitcoin purchases from the company.  The post comes shortly after the company purchased an additional 705 BTC between May 26 and June 1 for around $75 million at an average price of $106,495 per coin, bringing the company’s total Bitcoin holdings to 580,955 BTC, currently valued at approximately $61.4 billion. Read more

Bitcoin traders eye key levels to hold and reclaim into the weekly close, but the chances of a major liquidity grab are growing. Key points: Bitcoin is working on completing a “successful” support retest as trader bets increase prior to the weekly candle close. BTC price volatility is expected as liquidity analysis shows that conditions favor a significant short squeeze. Read more

The Bitcoin community is divided after core developers released a joint statement on transaction relay policy and use cases amid the ongoing OP_RETURN debate. A collective statement from 31 Bitcoin core developers has sparked a global debate among Bitcoiners after suggesting a hands-off approach to how the Bitcoin network is used, amid ongoing controversy over non-monetary use cases. “This is not endorsing or condoning non-financial data usage, but accepting that as a censorship-resistant system, Bitcoin can and will be used for use cases not everyone agrees on,” the June 6 statement published on the Bitcoin Core website said. The letter argued that Bitcoin (BTC) is a network “defined by its users” and that its core contributors are “not in a position” to mandate what software or policies they desire. It comes amid the ongoing debate over spam inscriptions on the Bitcoin network. Read more

Metaplanet plans to own 100,000 Bitcoin by the end of 2026, James Wynn lost $25 million in a Bitcoin bet: Hodler’s Digest Metaplanet, also known as Japans Strategy, has updated its Bitcoin acquisition plans to acquiring 100,000 BTC by the end of 2026. Metaplanet on June 6 posted its new Bitcoin plan, increasing its previous target of 21,000 BTC. Our previous target to hold 21,000 BTC by the end of 2026 has now been dramatically revised upward. We now aim to hold 100,000 BTC by that time, Metaplanet CEO Simon Gerovich said in an announcement posted on X. Read more

Netflix’s latest reality venture, House of Streams, is set to debut on June 18 in the UK and Ireland, offering 1 Bitcoin to the winning contestant. The post Netflix’s ‘House of Streams’ to Award 1 Bitcoin to Winning Streamer appeared first on Cryptonews.

A bearish RSI divergence, similar to 2021, suggests Bitcoin could face a 50%+ correction toward $64,000, challenging the $150K year-end target. Key takeaways: A 2021-style bearish divergence on the weekly chart points to a potential 50%+ correction toward $64,000. Peter Brandt warns Bitcoin must reclaim its parabolic trendline soon or risk ending its bull cycle before reaching the $150,000 target. Read more

JAN3 founder Samson Mow says Elon Musk should go all in on Bitcoin before “they freeze his fiat assets.” The Bitcoin community is calling on Tesla CEO Elon Musk to stack Bitcoin as a way to gain the upper hand in his ongoing public feud with US President Donald Trump. “The best way for Elon to get back at Trump is by full porting Bitcoin,” crypto trader and analyst Will Clemente said in a June 6 X post. Echoing a similar sentiment, JAN3 founder and CEO Samson Mow said in an X post on the same day, “@elonmusk, it’s time to go all in on Bitcoin.” Mow urged Musk to accept Bitcoin (BTC) payments for Tesla and adopt a Bitcoin treasury strategy. In 2021, Tesla stopped accepting Bitcoin as a means of payment due to environmental concerns. However, the firm still holds digital assets. On April 23, Cointelegraph reported that Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1. Read more

Bitcoin’s consolidation phase may break out into the next phase of price discovery, catalyzed by forthcoming US stablecoin rules. Despite a week of price consolidation for Bitcoin (BTC), emerging digital asset legislation may provide the next significant catalyst for the world’s first cryptocurrency. Upcoming stablecoin rules, such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, may lay the foundation for a Bitcoin cycle top of over $150,000, according to Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures. Meanwhile, venture capitalist (VC) interest has slumped. The number of VC deals closed recorded its lowest month of the year in May, with just 62 investment rounds resulting in $909 million raised. Read more

Market uncertainty grows as traders question leverage risks, custodian practices, and strategic reserve delays. Key takeaways: Leveraged bets and a bull trap setup drove Bitcoin's drop to $100K. Recession fears and custody doubts keep Bitcoin from reclaiming $110K. Read more

Bitcoin manages to shake off a US nonfarm payrolls beat as Trump insists yet again that the Fed begins to cut interest rates — will Chair Jerome Powell listen? Key points: US President Donald Trump switches his focus from Elon Musk to Fed Chair Jerome Powell as he demands interest-rate cuts. Bitcoin continues its rebound from the Trump-Musk debacle despite strong US employment data. Read more

Michael Saylor’s Strategy has quadrupled its previously announced $250 million stock offering as a new funding avenue for its Bitcoin investments. Strategy, the world’s largest corporate Bitcoin holder, plans to raise nearly $1 billion through a stock offering to fund additional Bitcoin purchases. The company, led by executive chairman Michael Saylor, plans to issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at a public offering price of $85 per share. Strategy estimates raising about $979.7 million from the net proceeds after deducting the underwriting discounts and commissions for the firm’s offering expenses, according to a June 6 announcement. Read more

Japan’s Metaplanet plans to hold 100,000 BTC by 2026, revising its target from 21,000 and issuing shares to accelerate its Bitcoin treasury strategy. Metaplanet, also known as Japan’s Strategy, has updated its Bitcoin acquisition plans to acquiring 100,000 BTC by the end of 2026. Metaplanet on June 6 posted its new Bitcoin (BTC) plan, increasing its previous target of 21,000 BTC. “Our previous target — to hold 21,000 BTC by the end of 2026 — has now been dramatically revised upward. We now aim to hold 100,000 BTC by that time,” Metaplanet CEO Simon Gerovich said in an announcement posted on X. Read more

Pakistan’s Crypto Minister Bilal Bin Saqib is pursuing high-level US partnerships with figures like Cantor Fitzgerald’s Brandon Lutnick and NYC Mayor Eric Adams. Pakistan Minister of State for Crypto and Blockchain Bilal Bin Saqib is likely looking to collaborate with Wall Street. A June 6 X post by the Pakistan Crypto Council shows that Saqib met with Brandon Lutnick, the chairman and CEO of Cantor Fitzgerald, a global financial services firm. A separate video included in a separate post shows that he also met with New York City Mayor Eric Adams, who recently said he will ensure a Bitcoin bond is launched in the city. The post reads: The meeting with Lutnick follows his firm’s recently increased interest in crypto. The two reportedly discussed “tokenization, Bitcoin mining, Pakistan’s Web3 future and avenues of collaboration.” Read more

Bitcoin price expectations fall in line with a new retest of $100,000 support. Traders see news lows with RSI heading still lower. Key points: Bitcoin is in line for lower lows amid falling RSI and a retest of $100,000. Traders have little hope of a quick BTC price rebound and return to higher levels as Trump and Musk stoke uncertainty. Read more

Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed. The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF […] The post Profit-taking, not capitulation: institutions cut Bitcoin ETF exposure by 23% in Q1 appeared first on CryptoSlate.

Asian media outlets report unverified rumors of Chinese ban on owning Bitcoin, Gate.io faces $30M bill after perps liquidation fiasco: Asia Express The crypto industry has never been short on rumors suggesting that China is preparing to unban Bitcoin since the nations 2021 crackdown on crypto trading and mining. But this past week, the narrative flipped, with some media outlets claiming that China is now banning Bitcoin ownership outright. One of the most widely circulated stories came from India-based Financial Express, which cited a supposed Binance report. Magazine found no such report authored by Binance, and the exchange did not respond to a request for comment. Magazine also found no supporting reports from Chinese state media or official government sources. Read more

Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95,600 support level to remain bullish if it breaks below six-figures, according to a June 5 report by Glassnode. The report highlighted that after breaking below $103,700, the next major level of support is the psychological price level of $100,000 […] The post Bitcoin bulls must guard key $95.6k support as veteran holders cash in on gains appeared first on CryptoSlate.

Bitcoin is back near $100K as major alts like Ethereum, Solana, and Dogecoin dive amid Trump and Musk drama—but Circle had a great day.

Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets. The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions. The world’s largest cryptocurrency touched a low of $101,500 before stabilizing […] The post Bitcoin dives below $102k amid fading momentum and macro uncertainty appeared first on CryptoSlate.