The Central American country has continued its daily Bitcoin investments despite a non-accumulation deal struck with the IMF in December 2024. El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included provisions discouraging further accumulation. The government’s treasury wallet currently holds 6,209 Bitcoin (BTC), having added 240 BTC since Dec. 19, 2024, after the IMF deal was announced, according to data from El Salvador’s Bitcoin Office. In December, El Salvador struck a deal with the IMF for a $1.4 billion loan, which required the government to drop Bitcoin’s status as a legal tender and stop its public BTC accumulation. Read more
Strategy’s latest Bitcoin purchases were made following Strategy’s STRD, its third Bitcoin-backed preferred stock, launching on the Nasdaq on Wednesday. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, disclosed its latest BTC purchases made last week amid escalating geopolitical tensions in the Middle East. Strategy acquired 10,100 Bitcoin (BTC) for $1 billion during the week ending Sunday, the company officially announced on Monday. The purchases were made at an average price of $104,080 per coin, with Bitcoin dropping from $110,000 on June 9 to an intraweek low of $103,639 on Thursday, following the news that Israel had struck Iranian nuclear facilities. Read more
Bitget partners with UNICEF Luxembourg in a three-year effort to empower girls in eight countries with science, technology, engineering and math (STEM) skills. Crypto exchange Bitget signed a three-year partnership with the United Nations Children’s Fund (UNICEF) Luxembourg to advance digital skills and blockchain literacy among young people, according to a Monday announcement. The agreement brings Bitget into the Game Changers Coalition led by UNICEF’s Office of Innovation. The initiative aims to reach 300,000 participants — including adolescent girls, parents, mentors and teachers — across eight countries: Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco and South Africa. Read more
Ethereum's drivers are now different, but the ETH price is consolidating in a multimonth range, echoing its 2017 chart pattern, which resulted in a 1,000% rally. Key takeaways: Ethereum whales accumulated over 818,000 ETH ($2.5 billion) on Sunday, their biggest daily inflow since 2018. ETH price is consolidating inside a multimonth range, mirroring its 2017 breakout pattern. Read more
Amazon is investing over $13 billion in expanding AI and cloud infrastructure in Australia, including new solar farms and data centers nationwide. Online retail and cloud computing giant Amazon plans to invest more than $13 billion in Australia’s artificial intelligence and cloud infrastructure, the company announced on Saturday. Amazon plans to invest 20 billion Australian dollars ($13.4 billion) by 2029 to expand Australia’s AI and cloud capabilities, marking the country’s largest publicly announced technology investment to date by a global company. The investment will go toward expanding, operating and maintaining Amazon Web Services (AWS) data centers in the country. Read more
The crypto trader was reportedly forced into a stolen vehicle by four assailants as part of a 50,000 euro kidnapping plot. A crypto trader who creates content on TikTok was reportedly kidnapped in France on Friday and then released a day later when the abductors discovered he didn’t have enough funds to cover their extortion demands. The 26-year-old crypto TikToker was snatched on Friday night while returning home to Juvisy-sur-Orge in Northern France, according to a report on Sunday by French radio station Europe 1, with the kidnappers demanding he hand over 50,000 euros ($57,000) in crypto. The four thieves reportedly forced the trader into a stolen vehicle. He was also beaten during the incident. Read more
Polyhedra said it’s investigating a massive plunge in the price of its governance token, which now sits at 31 cents, down from $2. Polyhedra Network (ZKJ) plunged 83% on Sunday after a series of “abnormal on-chain transactions” involving the ZKJ/KOGE (KOGE) trading pair — a collapse Binance said was triggered by a sudden liquidity crunch. “Today’s price drop was caused by a series of abnormal on-chain transactions within a very short period on the ZKJ/KOGE trading pair,” Polyhedra posted to X on June 15 after ZKJ’s market cap fell nearly $500 million in nine hours, while another tracker shows the plunge happened in less than two. Binance said the collapse of ZKJ and KOGE resulted from large holders removing tokens, causing a “liquidation cascade in the market.” Read more