Cointelegraph.com
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Cointelegraph.com - 09:01 Jun 02, 2025
Taiwan-based exchange BitoPro confirmed an $11.5 million crypto exploit weeks after the breach, saying user funds and withdrawals were unaffected. Update June 2, 12:26 pm UTC: This article has been updated to include quotes from Hacken analysts. Taiwan-based cryptocurrency exchange BitoPro confirmed a security breach that led to the loss of more than $11.5 million in digital assets from its hot wallets on May 8. The suspicious transactions, which occurred across hot wallets on Ethereum, Tron, Solana and Polygon, saw asset outflows to decentralized exchanges (DEXs) where they were later marked as sold, according to onchain investigator ZachXBT. Read more -
Cointelegraph.com - 08:42 Jun 02, 2025
Bitcoin price expectations are back in flux as a record monthly candle close contrasts with worries over a retest of lower support levels next. Bitcoin (BTC) starts June with BTC price action in a dangerous place. Can buyers preserve key bull market support levels? Bitcoin traders are gearing up for fresh volatility as the highest-ever monthly close contrasts with increasing bets of a $100,000 retest. Labor market weakness and Fed policy are back under the microscope as inflation diverges from interest rates. Read more -
Cointelegraph.com - 08:15 Jun 02, 2025
Metaplanet now ranks as the ninth-largest corporate Bitcoin holder with over 8,888 BTC, surpassing Galaxy Digital and Block Inc. after a $117.9 million purchase. Japanese investment company Metaplanet has become the world’s eighth-largest corporate holder of Bitcoin, continuing its aggressive strategy to promote Bitcoin adoption across Asia. The company acquired an additional 1,088 Bitcoin (BTC) at an average price of $108,400 per coin for a total of $117.9 million, the investment firm announced in a June 2 X post. The latest acquisition pushed Metaplent’s total holdings to over 8,888 BTC, making it the world’s eighth-largest corporate Bitcoin holder, surpassing Galaxy Digital Holdings’ 8,100 BTC and Block Inc.’s 8,485 BTC, according to Bitbo data. Read more -
Cointelegraph.com - 07:53 Jun 02, 2025
Bitcoin fell 11% from its $111K all-time highs as traders say BTC price could drop to $97K if key support levels don’t hold amid rising trade tensions. Key takeaways: The emergence of a bear flag on the four-hour chart projects a Bitcoin price drop to $97,000. Traders say BTC price may drop as low as $85,000 if key support levels are broken, including the $100,000 psychological level and the yearly opening at around $92,000. Read more -
Cointelegraph.com - 07:00 Jun 02, 2025
The new launch expands IG’s existing cryptocurrency offering, as the company has previously offered crypto-based contracts for difference. IG Group, a United Kingdom-listed trading and financial services company, is launching cryptocurrency trading to retail investors, expanding its footprint in the digital assets space. IG customers can now access 31 crypto assets, including Bitcoin (BTC), Ether (ETH), XRP (XRP) and a variety of altcoins and memecoins such as Bonk (BONK), the company said in an announcement shared with Cointelegraph on June 2. IG previously offered cryptocurrency exposure through contracts for difference (CFDs), but this marks a direct entry into spot crypto trading Read more -
Cointelegraph.com - 06:41 Jun 02, 2025
Orange Cap Games has acquired the Moonbirds, Mythics and Oddities NFT collections from Yuga Labs, just a year after the NFT conglomerate acquired them. Crypto gaming startup Orange Cap Games (OCG) has acquired the intellectual property of the Ethereum-based non-fungible token collection Moonbirds from Yuga Labs. OCG said on May 30 that it bought the Moonbirds, Mythics and Oddities NFT collections from Yuga, but did not disclose details or pricing of the deal. It comes a little over a year after Yuga acquired the three collections when it took over the company that created them, PROOF, in February. Read more -
Cointelegraph.com - 06:15 Jun 02, 2025
ZachXBT says both the wallet addresses that sent Silk Road founder Ross Ulbricht 300 Bitcoin were active in 2014 and 2019 while he was in prison. Ross Ulbricht’s recent receipt of 300 Bitcoin is from “questionable sources,” but it’s unlikely to be a case where he donated it to himself, says blockchain researcher ZachXBT. Ulbricht, who founded the infamous online black market Silk Road, received 300 Bitcoin (BTC), worth $31.4 million, to his wallet that was soliciting donations, Blockchain analytics firm Lookonchain said in a June 1 post to X. The funds came from wallets using a centralized mixing service called Jambler, which led some social media users to speculate, without evidence, that the funds could be Ulbricht’s profits from the Silk Road, which he might have hidden away before he was nabbed by authorities and sent to prison. Read more -
Cointelegraph.com - 06:05 Jun 02, 2025
Meta shareholders shut down a proposal to assess whether Bitcoin should be added to its balance sheet, with just 0.08% of votes in favor of the idea. Meta shareholders have overwhelmingly rejected a proposal to assess whether the tech giant should add Bitcoin to its balance sheet. A “Bitcoin treasury assessment” proposal put before shareholders received 3.92 million votes in favor — a mere 0.08% of the total — while nearly 5 billion voters decided against the measure, a May 28 regulatory filing shows. Meta CEO Mark Zuckerberg controls 61% of the company’s voting power, according to an April regulatory statement, which could indicate that he voted against the proposal. Read more -
Cointelegraph.com - 21:25 Jun 01, 2025
Traders are maximizing short-term profit strategies as the long-term economic outlook becomes increasingly unclear, Arrash Yasavolian said. Traders are increasingly pivoting to quick, short-term profit-taking strategies, in response to US President Donald Trump's trade tariffs, rather than letting their positions run, according to Arrash Yasavolian, CEO and founder of the Bittensor-based Taoshi AI-enhanced trading platform. In an interview with Cointelegraph, the CEO said the tariffs have created headline-driven volatility across financial markets that can shift sentiment, often oscillating between extremes in a single day. This has made markets far more difficult to trade. Yasavolian added: "That is the kind of behavior we have witnessed and we have shifted to this strategy internally as well," the CEO told Cointelegraph. Read more -
Cointelegraph.com - 19:08 Jun 01, 2025
According to data from SaylorTracker, Strategy's BTC investment is up over 50%, representing unrealized capital gains of over $20 billion. Strategy co-founder Michael Saylor posted the Bitcoin (BTC) chart signaling an impending BTC acquisition by the company, marking week eight of consecutive purchases by the company during this latest buying stint. "Orange is my preferred color," Saylor wrote to his 4.4 million followers on X — a number that has been steadily growing over the past two years as the Strategy co-founder commands increased media attention due to the company's corporate treasury plan. The company's most recent Bitcoin acquisition on May 26 of 4,020 BTC, valued at roughly $427 million at the time of purchase, brought Strategy's total holdings to 580,250 BTC. Read more -
Cointelegraph.com - 17:07 Jun 01, 2025
Representatives for The Open Network (TON) said the outage was caused by an error in the masterchain dispatch queue and was resolved. The Open Network (TON), an independent layer-1 blockchain that has a symbiotic relationship with the Telegram messaging platform, experienced a brief outage that halted block production on June 1 before functionality was restored. TON’s development team announced the issue at 12:51:00 UTC and restored network functionality approximately 40 minutes after the outage was identified. TON developers wrote in an update: The team also assured users that no funds were affected by the outage and that transactions submitted during the downtime were not at risk of loss. Read more -
Cointelegraph.com - 16:34 Jun 01, 2025
Bitcoin’s rise above $105,000 could improve sentiment, triggering a rally in ETH, HYPE, TAO, and QNT. Key points: Bitcoin remains stuck below $105,000 during the weekend, but the downside looks limited. Any relief rally in Bitcoin is likely to propel ETH, HYPE, TAO, and QNT higher. Read more -
Cointelegraph.com - 16:00 Jun 01, 2025
Bitcoin traders eye the weekly close for cues as to where BTC price action may be headed next — but sub-$100,000 levels are already on their radar. Key points: Bitcoin RSI data forms a bearish divergence, getting traders in position for lower levels next. The May monthly candle close seals 11% gains, but the weekly close is the event on the radar for market participants. Read more -
Cointelegraph.com - 15:00 Jun 01, 2025
Autonomous delivery robots are no longer just couriers. They’re economic actors with their own wallets, negotiating, earning and spending in real time. Bots have evolved from tools into agents, economic participants in their own right. Opinion by: Paige Xu, chief operating officer of OpenMind We all love an Uber Eats moment. You tap your phone, and a burrito is en route. But what if, this time, no human driver is weaving through traffic to deliver it? Instead, a sidewalk robot hums along the pavement, guided by sensors and AI, or an autonomous car with a humanoid delivers it to your door, solving the last-mile problem. The beauty of this experience lies in what you don’t see. Read more -
Cointelegraph.com - 11:25 Jun 01, 2025
Czech Justice Minister Pavel Blazek resigned following backlash over his ministry’s sale of Bitcoin donated by a convicted criminal. Czech Justice Minister Pavel Blazek has stepped down following a scandal over his ministry’s sale of nearly $45 million worth of Bitcoin donated by a convicted drug trafficker. The controversy erupted on May 28 after the ministry posted on X that it had raised close to 1 billion Czech koruna (approximately $45 million) by auctioning off nearly 500 Bitcoin (BTC). The funds were earmarked for projects such as digitizing the justice system, combating drug use in prisons, and improving housing for prison staff. Read more -
Cointelegraph.com - 09:11 Jun 01, 2025
French prosecutors charged 25 people over a wave of crypto-related kidnappings. However, the masterminds remain at large. French authorities have charged 25 individuals, including six minors, over a series of kidnappings and attempted abductions linked to the country’s cryptocurrency sector. The group, aged between 16 and 23, faces charges connected to multiple plots targeting prominent crypto figures and their families, Le Monde reported, citing an announcement from the Paris public prosecutor’s office on May 31. Per the report, 18 suspects are now in pre-trial detention, three have requested a deferred hearing, and four remain under judicial supervision. Read more -
Cointelegraph.com - 07:19 Jun 01, 2025
According to PeckShield, 20 major crypto hacks were reported in May, resulting in total losses of $244.1 million. In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm. The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post. The most significant hack of the month occurred on the Cetus decentralized exchange on May 22, with $223 million in user losses within 24 hours. Read more -
Cointelegraph.com - 06:45 Jun 01, 2025
Ross Ulbricht’s auction of personal belongings fetched more than $1.8M in Bitcoin, with standout items like his prison ID card and artwork drawing top bids. An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history. Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City. The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated. Read more -
Cointelegraph.com - 04:03 Jun 01, 2025
An appearance from Michael Saylor on The Joe Rogan Experience would “shatter the internet,” according to a Bitcoiner. Strategy co-founder Michael Saylor has publicly expressed interest in discussing Bitcoin with podcaster Joe Rogan on the world’s most-listened-to podcast, The Joe Rogan Experience (JRE). “Hey @joerogan, let’s talk about Bitcoin,” Saylor said in a May 31 X post in response to a Joe Rogan fan account asking, “Who’s one guest you’d love to see Joe Rogan interview that he hasn’t had on yet?” Saylor’s post prompted speculation within the Bitcoin (BTC) community. Popular Bitcoiner, The Bitcoin Therapist, said, “This interview will shatter the internet.” Read more -
Cointelegraph.com - 00:01 Jun 01, 2025
Analysts anticipate a clear breakout for Bitcoin, GameStop makes its first move with the purchase of 4,710 Bitcoins: Hodler’s Digest GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the companys X account. The company did not specify how much it paid for the Bitcoin or when the purchases were made in the announcement, while its Form 8-K filing with the US Securities and Exchange Commission also offers little detail. The amount purchased was worth around $513 million at the time of writing. The announced acquisition is GameStop’s first publicly acknowledged Bitcoin purchase since the company disclosed plans to move into Bitcoin investment in March. Read more
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