Bitcoin saw its highest levels in nearly two weeks at the weekly close, but bulls needed a push beyond $65,000 for real trend inflection, said the latest BTC price analysis. Bitcoin (BTC) starts the second week of June near two-week highs with traders keen to see bullish continuation. Key points: Bitcoin kept up pressure on short positions into the weekly close, hitting $63,960 — its highest levels since June 23, per data from TradingView. Read more
South Korea’s media and communications review body will hear from Polymarket before deciding whether to issue a corrective request against the prediction market platform. South Korea’s media and communications review body said it will hear from Polymarket before deciding whether to take corrective action against the prediction market platform. On Monday, the Broadcasting, Media and Communications Review Committee said it would allow Polymarket to submit its position before making a final decision on a corrective request regarding gambling concerns. “We decided to provide an opportunity for Polymarket to submit its opinion to thoroughly verify the legality of Polymarket and the way the service is operated,” the committee said, according to a machine translation of the press release. Read more
A Bitcoin address dormant for nearly 15 years moved $1.9 million in BTC as a New York lawsuit seeks ownership of thousands of inactive holdings. A dormant Bitcoin address transferred 30 BTC worth about $1.88 million for the first time in almost 15 years. Bitcoin address "1KV47" made its first outgoing transfer on Saturday since receiving 30 BTC in August 2011, blockchain data shared by Galaxy Research shows. The address is among 39,069 listed in a New York lawsuit filed by "Noah Doe" and two Wyoming-based companies seeking ownership of dormant Bitcoin holdings. The case could test how inactive cryptocurrency holdings are treated under the state's lost-property law. Read more