BlackRock Deposits $131.5 Million in BTC to Coinbase
On-chain Lens reported that an estimated BlackRock address deposited 1,249.68 BTC ($131.55 million) to Coinbase. This address deposited a total of 5,362.37 BTC ($560.94 million) to the exchange over the past two days. Simultaneously, it withdrew 27,241.4 ETH ($69.25 million) from Coinbase.
Trump's Son: "Trump Family All-In on BTC and Cryptocurrencies"
Donald Trump Jr., son of the former US President, appeared on CNBC and stated, "Our family is all-in on BTC and cryptocurrencies because our bank accounts have been de-banked (restricted from banking services)."
Bitgo Supports VivoPower's $100 Million XRP Purchase
Finance Speed reported that cryptocurrency custody company Bitgo has established a strategic partnership with Nasdaq-listed sustainable energy company VivoPower, supporting a $100 million XRP purchase. Bitgo will support VivoPower's XRP acquisition through its over-the-counter (OTC) desk and provide custody services.
Marathon Holdings and Core Scientific Face BTC Intellectual Property Patent Lawsuit
Cointelegraph reported that BTC mining companies Marathon Holdings and Core Scientific are embroiled in a cryptocurrency-related intellectual property patent lawsuit. Malikie Innovations, a subsidiary of IP monetization company KPI, claims ownership of the Elliptic Curve Cryptography (ECC) technology used in the BTC blockchain.
Cryptocurrency VC Investment Counts Lowest Since January 2021
Cointelegraph reported that cryptocurrency venture capital (VC) investment counts have reached their lowest level since January 2021. According to Root Data, investment rounds completed in May totaled 62, the lowest monthly count since January 2021. However, the investment amount was $909 million, the second-largest this year after March.
Kraken Launches Prime Brokerage Solution for Institutional Investors
The Block reported that cryptocurrency exchange Kraken has launched Kraken Prime, a prime brokerage solution for institutional investors. This allows institutional investors to trade, custody, and raise funds through a single platform.
Tether Makes Strategic Investment in Chilean Cryptocurrency Exchange Orionx
Tether announced through its official website a strategic investment in Chilean cryptocurrency exchange Orionx. The investment will be used to expand stablecoin infrastructure for remittances, payments, and fund management in the Latin American region.
Jacobi BTC ETF Allows Individual Investor Trading
Coindesk reported that the BTC ETF from UK-based asset manager Jacobi is now open to European individual investors. Initially restricted to professional investors upon its 2023 launch, the ETF is now accessible to individual investors following regulatory relaxation by the Guernsey authorities.
DeFi Development Holds 621,313 SOL
US-listed company DeFi Development (formerly Janover), which adopted SOL as a strategic reserve asset in April, reported holding 621,313 SOL as of the end of May through its official website.
Analysis: "22% BTC Drop Could Trigger Corporate Holdings Forced Liquidation"
An analysis suggests that while corporate BTC reserve strategies currently create buying pressure, a significant BTC price drop could lead to forced liquidation. Standard Chartered (SC) cryptocurrency research analyst Jeffrey Kendrick explained that 61 listed companies have built BTC reserves, holding a total of 673,897 BTC, representing 3.2% of total BTC supply.
Marathon Holdings Mines 950 BTC in May, Holds Without Selling
BTC mining company Marathon Holdings reported mining 950 BTC in May and did not sell any. As of May 31 (local time), Marathon Holdings holds 49,179 BTC.
Riot Platform Mines 514 BTC in May, Sells Most
Coindesk reported that Bitcoin mining company Riot Platform mined 514 BTC in May, a 139% increase from the previous year. They reportedly sold almost all newly mined BTC, generating total revenue of $51.3 million.
Cleanspark Sells 293 BTC in May
Nasdaq-listed Bitcoin mining company Cleanspark reported mining 694 BTC in May and selling 293.5 BTC through its official X account. As of May 31 (local time), Cleanspark holds a total of 12,502 BTC.
Sonic Labs: US Users Eligible for $200 Million S Token Airdrop
Sonic(S) Labs announced through its official X that US users can claim the $200 million S token airdrop.
Rare NFT from 'Trump Dinner' Trades for $16,000
Decrypt reported that participants of Donald Trump's 'Trump Dinner' event received limited edition Non-Fungible Tokens, with the rarest edition trading for $16,000.
XRPL Payment Transactions Reach Lowest Level Since October Last Year
Coindesk reported that the number of payment transactions on the XRP Ledger (XRPL) has reached its lowest point since October last year.
BlackRock IBIT Reaches 23rd Rank in Overall ETF Rankings
Bloomberg ETF specialist Eric Balchunas reported that BlackRock's BTC spot ETF, IBIT, has reached 23rd place in overall ETF rankings based on assets under management.
Crocodilus Malware Warning: Cryptocurrency Theft Threat
The banking malware Crocodilus is known to have the ability to steal cryptocurrency wallet seed phrases and private keys.
Orca Mind.AI Launches Chat Function on Ethereum and Other Platforms
On-chain transaction AI platform Orca Mind.AI has started supporting chat functions on Arbitrum, Ethereum, and BSC.
Zhao Changpeng: "Not Taking Risks Is a Risk"
Binance's former CEO Zhao Changpeng shared a list of companies that have established BTC reserves, stating that "not taking risks itself is a risk".
Matador Technologies Lists on Frankfurt Stock Exchange with 'BTC Reserve Establishment'
Matador Technologies, listed on the Toronto Venture Exchange (TSXV), has been listed on the German Frankfurt Stock Exchange, according to Globe Newswire.
K33 Purchases 10 BTC
Swedish crypto broker K33 has purchased 10 BTC, as reported by Bitcoin Magazine.
Arthur Hayes: "Spend More Money During US Election Season... Feel Free to Buy BTC"
BitMEX co-founder Arthur Hayes stated that "people worried about the US spending less money can feel free to buy BTC".
Symbiotic Releases SDK Supporting Cross-Chain Staking Verification
Restaking protocol Symbiotic has released SDK Relay supporting cross-chain verification.
Binance Lists Perpetual Futures for PUFFER and PORT3
Binance announced the listing of PUFFER/USDT and PORT3/USDT perpetual futures on June 4th.
Binance Alpha Adds LA
Binance Alpha announced the addition of LA.
Bybit Lists LA
Bybit announced the listing of LA/USDT spot trading pair on June 4th at 9 PM (Korean time).
Lee Jae-myung Candidate Certain to Win Presidency
KBS, MBC, and SBS broadcasters announced that "Lee Jae-myung's election is certain".
Atlanta Fed President: "One Rate Cut Possible This Year"
The Atlanta Federal Reserve President mentioned that "one rate cut may occur this year".
US Stock Indices Rise at Opening
S&P500: +0.04%
Nasdaq: +0.18%
Dow: +0%
Analysis: BTC's Next Support Level at $100,000
Analysis suggests that BTC's next key support level is $100,000.
BTC Surpasses $106,000
According to Coinness market monitoring, BTC has surpassed $106,000. BTC is trading at $106,044.46 on the Binance USDT market.
