bitkoban - bitcoin news

Bitcoin News

Crypto degens are taking wagers on global conflict via Polymarket
As global tensions escalate following the Israel-Iran conflict and traditional investors seek safety in safe haven assets like gold, crypto punters are seeking action on the crypto-based betting platforms, Polymarket. The crypto betting platform rose to prominence for predicting President Donald Trump’s 2024 election victory before other traditional news outlets and polls. It has also become the leading venue for punters making bets on the escalating crisis between Israel and Iran, becoming something of a high-stakes casino for the geopolitical drama in the Middle East. Crypto punters wager on the Israel-Iran conflict and outcomes As geopolitical tensions rise, Polymarket has become an unlikely casino, where crypto degens are taking wagers on global conflict. Its top active markets are centered on the escalating Israel-Iran conflict. Polymarket predicted an 88% chance of Israel striking Iran in June, a 71% chance of the strike hitting Iranian nuclear facilities, and an astonishing 99% chance of the strike happening by Friday, the 13th. Following the accurate prediction of the strike, punters took to Polymarket to place more wagers. This resulted in the top prediction markets being dominated by the wagers placed on the conflict. The market went as high as a 99% chance that Iran would strike Israel in June, pulling in over $1 million in volume. Iran struck Israel in a military attack later on the same day, June 13. Source: Polymarket It also estimates a 42% chance of the U.S. taking military action against Iran before July. That market has now pulled in over $1.7 million in volume. Source: Polymarket Another market that has sprung up with the Middle East conflict is the spike in the price of Brent crude. It currently predicts a 44% chance that Iran will close the Strait of Hormuz, which could further lead to global oil prices skyrocketing. Source: Polymarket Another market that could soon gain momentum is the prediction about whether Iran will confirm the possession of a nuclear weapon by 2025. This follows Israel’s claims that its preemptive strikes were on Iran’s nuclear facilities. This market has gained over $154,000 in volume. Source: Polymarket These markets operate in a regulatory grey area. After being fined $1.4 million by the U.S. Commodity Futures Trading Commission (CFTC) in 2022, Polymarket banned U.S. users from its platform. Placing wagers on real-time geopolitical crises raises ethical concerns. Critics argue that it could be seen as trivializing suffering and incentivizing misinformation. Also, there are concerns of market manipulation, with the CFTC saying prediction markets are vulnerable to manipulation. Israel-Iran conflict shakes global financial markets On Friday, 13, 2025, Israel declared a special emergency following preemptive strikes on Iran, which are reported to have hit Iranian nuclear facilities and killed top Iranian generals. This event sent ripples through the global financial market. With fears of broader conflicts arising, assets such as gold are seeing inflows. An ounce of gold has gained 1.2% to $3,444.70. Bitcoin dropped sharply, falling below $103,000 as investors fled risk assets; however, it quickly gained $105,700, a little bit off its intraday high. Brent crude surged about 14% intraday, settling at about $75.54/barrel, driven by fears of disruption around the Strait of Hormuz, which is responsible for about a fifth of global consumption flows and bordered by Iran, which also happens to be one of the world’s largest exporters of oil. Global stocks were hit ; the S&P 500 and Nasdaq Composite fell about 0.4%, with the Dow industrials losing about 600 points. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Cryptopolitan 2025-06-13 23:30
SEC Leadership Changes Under Chairman Atkins May Influence Bitcoin Regulatory Approach
The U.S. Securities and Exchange Commission (SEC) has initiated a strategic leadership reshuffle, appointing crypto-experienced officials to key positions under Chairman Paul Atkins. This leadership change signals a notable shift

CoinOtag 2025-06-13 22:54
Bitcoin, Ethereum Hit Hard by Geopolitical Tensions: Binance Funding Rates Signal Deep Bearish Shift
In the early hours of Friday, June 13th, the cryptocurrency market faced intense downward pressure following a surprise military strike by Israel on Iran. The geopolitical shock sent global risk assets tumbling, with Ethereum (ETH) experiencing a sharp drop below the crucial $2,600 support level. Geopolitical Shock According to the latest analysis shared by CryptoQuant, this sudden plunge triggered a cascade of long liquidations on Binance, where data from liquidation heatmaps revealed concentrated wipeouts in the $2,650-$2,430 range. Many traders had opened long positions at around $2,800, expecting continued upside, only to be caught off guard by the sell-off. As prices fell through key levels, stop-losses and liquidation orders were triggered en masse, which resulted in a rapid flush of overleveraged positions. Bitcoin also felt the impact, as Binance’s funding rates for BTC perpetual contracts fell to deeply negative levels not seen since June 8. This drop in funding rates reflects a market-wide shift in sentiment, which means that traders are now heavily shorting BTC amid fears of continued downside. The panic-driven trading behavior suggests extreme caution across crypto markets, and derivatives data are pointing to increased bearish expectations. However, the aggressive liquidation of ETH longs and the return of negative BTC funding rates may indicate an overly pessimistic market stance. Such conditions often precede a potential price rebound, as excessive leverage is cleared out and markets stabilize. While uncertainty remains high due to the geopolitical backdrop, the removal of speculative build-up could create a healthier setup for recovery. Flight to Safety Grips Markets In a note released Friday, QCP Capital also echoed these concerns and stated that the digital asset complex remains tightly tethered to geopolitical tail risks, and markets now appear to be poised to trade “headline to headline.” Bitcoin fell around 3% while Ethereum posted a sharper 9% drop, as risk sentiment evaporated across Asia and safe-haven assets like oil and gold surged. Interestingly, crypto volatility spiked, with front-end BTC risk reversals flipping decisively in favor of puts, which indicated a sharp rise in demand for downside protection. While over $1 billion in long liquidations rattled major crypto assets, Bitcoin’s relatively muted decline indicated underlying institutional support. However, the firm warned that any escalation in the Israel-Iran conflict could threaten oil supply corridors and add to inflationary pressure, thereby complicating the Fed’s rate trajectory. Exacerbating the uncertainty, a widespread internet outage involving Google Cloud and Cloudflare added further stress to equities and tech-linked crypto sentiment. With Tehran’s response pending, the outlook for crypto remains fragile, which is currently not shaped by fundamentals but by geopolitical volatility and macro headline flow. The post Bitcoin, Ethereum Hit Hard by Geopolitical Tensions: Binance Funding Rates Signal Deep Bearish Shift appeared first on CryptoPotato .

Crypto Potato 2025-06-13 22:44
Bitcoin Flash Crash May Precede Potential 64% Rally Based on Historical Geopolitical Trends
Bitcoin’s recent flash crash amid Middle East tensions may set the stage for a significant rally, with historical data indicating a potential 64% upside. Despite trading near all-time highs, Bitcoin’s

CoinOtag 2025-06-13 22:44
Whales scoop up Bitcoin while retail traders grow bearish
Whales are buying up BTC during periods when retail traders express bearish sentiment. Institutions, whales and other large-scale buyers keep shaking down retail, taking signs from social media. Retail sentiment on BTC goes counter to the inflows of smart money. Based on Sentiment data, social media chatter often signals bearish attitudes among retail buyers. Santiment tracked messaging across X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster, seeking out the mention of extremely low predictions below $70K, as well as bullish predictions for a rally above $120K. According to Santiment, the peak signal arrived around the time of the April 8 price crash, where retail predicted a fall to $70K. Whales and institutions only accelerated their buying. Since May, BTC has also exhibited a signal of predominant market takers , indicating a domination of buying demand. For the second time since 2022 market takers have continued buying up coins during a rally, showing peak exuberance. Previous periods of market taker activity happened at lower price ranges, with more conservative accumulation. This time, buyers are still highly active near peak valuations. Most of the sellers originated from the wallet cohort that held for 3-6 months, based on the hodl waves indicator. Experienced traders often choose a dual strategy of holding and trading to accumulate more BTC. Overall, no holders are pressured to sell, as over 98% of addresses are in profit, and long-term accumulators and miners have a much lower average entry price. Whales still accumulate at any price range The latest episode of bearish predictions lasted from June 4 to June 6, when BTC fell to just above $101,000. During that time, bear-posting accelerated, predicting another dip to a lower range. Despite the temporary price drop, accumulation from whales and large-scale wallets did not skip a beat, with near-peak inflows . Even during the recent sideways trading around $104,000, crowd sentiment remains bearish, while smart money is bullish on BTC. $BTC Sentiment CROWD = Bearish 🟥 MP = Bullish 🟩 Check out sentiment and other crypto stats at https://t.co/HQDyBNuzek pic.twitter.com/aOm2ImXyvk — Market Prophit (@MarketProphit) June 13, 2025 Retail traders have often heard the adage of not selling their coins to whales, ETFs or institutions. However, the ability to realize profits at a higher price was appealing to retail and their share of holdings decreased. The ratio of retail to whale holdings has been sliding in most of 2025, from 2.1 points to 2.0 points. The ratio has been rising in all of the history of BTC, since institutions only arrived in the past two years. BTC retail holders gradually declined in 2025, with the balance shifting toward institutions and whale buyers. | Source: MacroMicro The addition of corporate treasuries further added buyers capable of mopping up all newly mined BTC. Institutions and buyers with borrowed funds can afford to risk even near the price top, while retailers are more wary due to crashes from the previous bull cycles. The current bull cycle also looks different, with a more gradual BTC price expansion. At the same time, the types of investors are shifting, and BTC continues to change hands. Retail traders are also wary of overall demand, as institutional buying and ETF demand have also reversed. During some of the rallies, whales also sold BTC for profit and re-bought lower. Profit-taking was only slower during the latest rally above $109,000. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Cryptopolitan 2025-06-13 22:41
Middle East Conflict Heats up and Bitcoin Drops, but Not by Much
Israel launched a pre-emptive attack on neighboring Iran late Thursday, triggering a retaliation on Friday. Markets tanked, but bitcoin’s dip wasn’t particularly dramatic, all things considered. Bitcoin Shows Resilience Despite Middle East Turmoil Israel sent 200 fighter jets to bomb various nuclear facilities in Iran on Thursday evening in an unprecedented pre-emptive attack that killed

Bitcoin.com 2025-06-13 21:57
Remixpoint HODLing 1,000 Bitcoin Amid Global Firms Embrace
Japanese tech company Remixpoint has recently expanded its Bitcoin treasury with a massive purchase of BTC. The firm recently added 56.87 BTC to its holdings, spending about ¥887 million, equivalent to about $6 million. This latest move pushes Remixpoint’s total Bitcoin stash past 1,000 BTC, a major milestone for the company. This move reflects a growing trend among businesses worldwide, adding Bitcoin to their balance sheets as part of long-term financial strategies. Remixpoint Increases Bitcoin Holdings Remixpoint’s purchase of 56.87 BTC was made at an average price of $104,000 per coin. This latest buy pushes Remixpoint’s total Bitcoin holdings to 1,038.27 BTC, marking the first time the firm has held over 1,000 BTC in its reserve. The market value of Remixpoint’s crypto assets is now around ¥17.25 billion, valued at $115 million. Bitcoin alone makes up about ¥16.1 billion, valued at $107 million of this amount. The Tokyo Stock Exchange-listed company currently holds an unrealized profit of ¥2.32 billion. This highlights its belief in Bitcoin’s long-term growth. The money for the recent purchase came from a stock acquisition rights exercise completed on June 10. A Growing Trend in Japan and Beyond Remixpoint is not the only Japanese company increasing its exposure to Bitcoin. Metaplanet, another Tokyo-listed firm, now holds 8,888 BTC, valued at over $921 million. To buy more Bitcoin, the company plans to issue 555 million shares through special warrants in a capital raise worth about $5.4 billion . In the U.K., Smarter Web Company also made a major Bitcoin purchase. The firm bought 74.27 BTC at an average price of £80,454, valued at $109,256 per coin, spending a total of £5.975 million. This brings Smarter Web’s total holdings to 242.34 BTC, with an average purchase price of £78,793, equivalent to $107,002. The purchase is part of Smarter Web’s “10-Year Plan,” which is focused on building Bitcoin as a long-term reserve. Bitcoin Finds Its Place in Corporate Strategy The trend goes beyond Japan and the UK. Companies like Mercurity Fintech plan to raise $800 million to grow their Bitcoin treasuries. Strategy, formerly MicroStrategy, remains the biggest corporate holder, holding about 3% of Bitcoin’s fixed supply . Financial institutions are also getting involved. Russia’s largest bank, Sberbank, recently launched a structured bond linked to Bitcoin. This shows that digital assets are becoming more accepted in mainstream finance. By holding over 1,000 BTC, Remixpoint joins a growing list of companies using Bitcoin to store value and protect against financial risks. Interest from businesses and banks continues to rise, making Bitcoin a critical part of today’s financial planning. The post Remixpoint HODLing 1,000 Bitcoin Amid Global Firms Embrace appeared first on TheCoinrise.com .

The Coin Rise 2025-06-13 21:45
Former Wex exchange chief to face charges in the U.S.
Officials in Poland have agreed to hand over the former chief executive of Wex, once Russia’s largest cryptocurrency exchange, to the United States. The Russian national was arrested in Warsaw at the end of 2024 at a U.S. request issued within a criminal case over alleged fraud and money laundering. Former Wex exchange chief to face charges in the U.S. Polish authorities have approved the extradition of Dmitry Vasiliev, former director of the now defunct Russian digital asset exchange Wex, to the United States, Russia’s official news agency reported late on Thursday, quoting his lawyer, Alexander Surzhin. In an interview, Surzhin explained that the Russian national will be transferred to U.S. custody as part of the case that was initiated against Alexander Vinnik, co-founder of the infamous BTC-e exchange, succeeded by Wex. The lawyer told Tass: “The Polish Minister of Justice has signed a permission to extradite to the United States my client, Dmitry Vasiliev, who was detained in Warsaw last year as part of an American investigation into a criminal case, in which Alexander Vinnik was also a defendant.” Surzhin, who represents Vasiliev at the European Court of Human Rights ( ECHR ), expects that his client may find himself in the United States in the near future to face charges that may bring him a 25-year prison sentence. Vasiliev’s odyssey takes him to America after Vinnik’s return to Russia Wex’s ex-head was arrested in Warsaw in December 2024. At the time, the Polish police said they were acting on a U.S. request, adding that the Russian was in custody awaiting the completion of the extradition procedure. A statement quoted by Reuters detailed: “Dmitry V. is suspected of numerous frauds, money transfers and money laundering in connection with running one of the largest cryptocurrency exchanges in the world.” But that wasn’t Vasiliev’s first time in jail. Polish law enforcement detained him in 2021 when he was wanted by and subsequently sent to Kazakhstan . The Central Asian nation was accusing him of fraud related to the crypto exchange he had been running. Earlier that year, Vasiliev was apprehended in Italy but released several weeks later, with Italian authorities citing faults in the extradition request. Then in 2022, he was also arrested in Croatia, according to local media reports, which revealed that Zagreb acted on a red warrant issued by Interpol. The case in Kazakhstan was based on the accusations of three crypto investors who alleged that in 2018, the Russian took their dollars but never sent them the Bitcoin they wanted to buy. It was closed in October 2024 after the court established that they were too incompetent to work with crypto wallets. Another chapter in the Vinnik-Wex-BTC-e saga Wex launched in September 2017 after BTC-e shut down earlier that year. The former was considered the successor of the latter, as it took over its customer database. Vasiliev was managing the new trading platform until its collapse in 2018. His arrests were preceded by the disappearance of almost $500 million from accounts hosted on Wex, including some that belonged to European investors. BTC-e’s alleged operator, Alexander Vinnik, was arrested in Greece in 2017. He was later extradited to France, where he was sentenced to five years in prison in December 2020. Vinnik was then handed over to the U.S. in 2022, where he was held accountable for laundering up to $9 billion through the exchange. In May 2024, he pleaded guilty to money laundering charges. Eventually, the United States exchanged Vinnik, in a prisoner swap with Moscow under President Trump, for American schoolteacher Marc Fogel, who had been held in a Russian prison since 2021 and had received a 14-year sentence for allegedly carrying medical cannabis in his luggage. Earlier in June this year, Bloomberg Law reported that another suspected BTC-e operator, Belarusian national Aliaksandr Klimenka, has asked a U.S. judge to dismiss the case against him, arguing he could no longer have Vinnik testify on his behalf since his return to Russia. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Cryptopolitan 2025-06-13 21:40
Sharplink Becomes Largest Public ETH Holder With $462M Purchase but Shares Tumble
Sharplink Gaming has taken a major step into the crypto space by establishing an Ethereum Treasury Reserve and acquiring over $462 million worth of ETH. This move makes the company the largest public holder of ETH, second only to the Ethereum Foundation. According to a press release , Sharplink purchased 176,270.69 ETH at an average price of $2,626, totaling approximately $462.9 million. The acquisition reflects a major shift in the firm’s strategy, placing Ethereum at the center of its digital asset reserves. Sharplink’s ETH Funding Strategy To fund the purchase, Sharplink raised $425 million through a private placement deal and another $79 million via an at-the-market (ATM) equity offering. The company used most of these proceeds to acquire ETH, highlighting its strong commitment to building a substantial crypto reserve . As a result, Sharplink reported an 11.9% increase in ETH per share since June 2. It has also deployed over 95% of its ETH into staking and liquid staking protocols , contributing to Ethereum’s network security while generating passive yield. Stock Dips Despite Ethereum Bet Despite Sharplink’s bullish ETH announcement, its stock (SBET) experienced sharp volatility. According to Google Finance, the stock dropped 12.25% on Thursday to close at $32.50, then plunged to as low as $8 in after-hours trading. However, by Friday, it had recovered slightly to $11.05, still down about 66% over 24 hours. Nonetheless, the stock remains up nearly 230% over the past month and 37% year-to-date. Meanwhile, the steep drop came after Sharplink filed an S-3 registration with the U.S. Securities and Exchange Commission. The filing outlined a possible resale of 58.7 million shares issued during a previous private investment in public equity (PIPE) offering, involving more than 100 investors. In turn, this triggered fears of dilution, prompting a wave of selling. In response, Sharplink Chairman Joseph Lubin clarified on X that the filing doesn’t reflect any current sales. He explained that it only registers shares in case past investors choose to sell later. The post Sharplink Becomes Largest Public ETH Holder With $462M Purchase but Shares Tumble appeared first on CryptoPotato .

Crypto Potato 2025-06-13 21:32
Bitcoin Dips Below $106K Amid Middle East Tensions, Market Reaction Suggests Cautious Investor Sentiment
Bitcoin experienced a notable dip below $106,000 amid escalating geopolitical tensions following Israeli airstrikes on Iran, triggering significant market reactions across crypto and traditional assets. Despite a sharp selloff wiping

CoinOtag 2025-06-13 21:30
Shiba Inu (SHIB) Unveils a Key Upgrade to Shibarium: Details Here
TL;DR Shibarium made the headlines after the SHIB team unveiled a huge upgrade that simplifies gas payments and offers other benefits. Additionally, Shiba Inu revealed a partnership with TokenPlay, aiming to dive deeper into Web3 gaming. Enter Shib Alpha Layer Several hours ago, the Shiba Inu software developer, using the X moniker Kaal, revealed that the team had released a new feature, dubbed Shib Alpha Layer—a “rollup abstraction stack” settled on Shibarium. The feature unifies every RollApp into a single “ultra-fast layer, so users feel like they’re on one chain while dozens of rollups hum beneath the surface.” Kaal clarified that the ShibArmy will no longer have to switch between different blockchain bridges or “fragmented wallets.” Additionally, Shib Alpha Layer will enable “near-instant finality” and allow people to pay however they prefer for gas fees. “Instant bridging and native interoperability” is yet to be introduced. Kaal did not stop there, saying the “end-game” for Shibarium is to eventually become “a world computer where high-performance Web3 dApps thrive without compromise.” The X user explained that the latest upgrade was pulled off by a small core team supported by the efforts of engineers from ElderLabs. “No VC war chest, no hype-cycle smoke. Just code. Next up: unleash full FHE, open RollApp deployment to everyone, and watch the Shib interconnected ecosystem eclipse blockchains that promised the moon and shipped markdown. Meme era ends here. The Shib Alpha era begins. Keep watching,” they concluded. Shiba Inu’s lead developer, Shytoshi Kusama, who hasn’t been very active on X lately, shared Kaal’s post, urging their one million followers to get informed about the update. Just a few days ago, LUCIE, the pseudonymous marketing strategist of Shibarium, unveiled another upgrade involving the layer-2 blockchain solution. Perhaps the most important improvement is related to the burning program, with the X user stating that users will no longer have to wait for announcements to destroy tokens, as they will occur on-chain in real time . The mechanism has become a signature move for Shiba Inu, which aims to reduce the tremendous supply of tokens and thus potentially influence a price rally. It was adopted in 2021, and since then, the team and the community have burned over 410.7 trillion tokens, leaving roughly 584.5 trillion in circulation. Shiba Inu Supply, Source: shibburn.com More Big News Earlier this week, there was another major update concerning the second-largest meme coin. The project announced a partnership with TokenPlay – an AI-powered gaming platform developed by Astra Nova. The collaboration’s main goal is “to bring the future of Web3 gaming to SHIB.” The team behind the meme coin revealed that the deal will kick off with an exclusive Shiba Inu-themed game, which will later be proceeded by the launch of an arcade called Shib .fun . The post Shiba Inu (SHIB) Unveils a Key Upgrade to Shibarium: Details Here appeared first on CryptoPotato .

Crypto Potato 2025-06-13 21:29
FOMC Meeting June 18: Potential Bitcoin Price Reactions Amid Market Uncertainty
The upcoming FOMC meeting on June 18 is poised to significantly influence Bitcoin’s price trajectory amid heightened market volatility and investor caution. Market participants are closely monitoring Federal Reserve signals,

CoinOtag 2025-06-13 21:11

First ← ... 5 6 7 8 9 10 11 12 13 → Last