Bitcoin Price Claws Back From The Brink To $66,500.

Bitcoin price entered the weekend somewhat battered and bruised, fresh off a gut-punch to $59,000 on June 5 — its weakest footing since October 2024 — and with no shortage of skeptics ready to call the bull market dead.

But by Monday morning, the picture looked different. The world’s largest cryptocurrency clawed its way to $66,800 on the day, printing a 7-day low of $60,909 before staging a textbook recovery that carried it through $66,000 and toward the 7-day high of $66,888. 

The chart told the story of a market caught between fear and conviction: a sharp slide toward $61,000 by June 9–10, choppy consolidation between $62,000 and $63,000 through mid-week, then a decisive…

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Strive (ASST) Acquires 73 Bitcoin For $4.7 Million, Pushes Treasury To 19,105 BTC

Strive, Inc. (Nasdaq: ASST) has purchased 73 bitcoin at an average cost of approximately $63,646 per coin, for a total of roughly $4.7 million, the Dallas-based bitcoin treasury company disclosed in a Form 8-K filing with the Securities and Exchange Commission on Monday. 

The purchase was made between June 8 and June 14, pushing Strive’s total bitcoin holdings to 19,105 BTC. The acquisition marks continued, methodical accumulation from a company that has built one of the fastest-growing bitcoin treasuries among publicly traded firms. 

Alongside the bitcoin purchase, Strive’s cash and cash equivalents rose modestly from $139.2 million as of June 5 to $141.4 million as of…

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Strategy (MSTR) Spends $100 Million On 1,587 Bitcoin, Lifts Total Holdings To 846,842 BTC

Strategy (Nasdaq: MSTR) has purchased 1,587 bitcoin for approximately $100 million, bringing the company’s total bitcoin holdings to 846,842 BTC, according to an 8-K filing with the Securities and Exchange Commission on Monday morning.

The purchase, executed between June 8 and June 14, was made at an average price of $63,024 per bitcoin and funded through at-the-market sales of the company’s Class A common stock. Last week, Strategy sold approximately 1.73 million MSTR shares, raising about $209 million through the ATM program. As of June 14, $25.75 billion worth of MSTR shares remain available under that program.

Strategy’s 846,842 BTC was acquired at an average cost of $75,656…

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Crypto Trader Confesses: I Watched $80 Million Become $500,000, ‘Revenge Trading Is Just Grief With A Cha

A crypto trader known as Jawz posted Friday that he turned a presale allocation into $80 million, only to see his net worth evaporate to $500,000 after a streak of financial excess.

From $80 Million To $500,000: How It Happened Step By Step

Jawz got a presale allocation in OlympusDAO in 2021, staked everything, and watched the position compound daily to $80 million at peak. 

Rather than taking profits, he started spending.

Private jets to Dubai, $40,000 weekends in Monaco, a garage of cars driven twice, and high-limit casino rooms in Vegas and Macau where he would lose $2 million in a night.

When OHM unwound, he did not sell. He doubled down, then leveraged at 5x, then 10x, trying to trade…

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Standard Chartered Calls Crypto Bottom As Bitcoin Price Recovers From $59,000 Low

Standard Chartered’s head of digital asset research, Geoff Kendrick, declared Friday that the crypto market has seen its cycle low, with Bitcoin’s recent dip to approximately $59,000 marking the bottom of the latest downturn — a 53% drawdown from its October all-time high of $126,000.

 “Winter is over. Welcome back to crypto spring,” Kendrick wrote in a Friday note, adding, “I think we have now seen the low in crypto asset prices for the cycle.”

Bitcoin had recovered to around $64,000 at the time of Kendrick’s note, representing a roughly 5% gain over the prior week. The bank maintains a $100,000 price target for Bitcoin by year-end — projections it first…

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Blockworks Acquires Messari In Deal Highlighting Crypto’s Data Consolidation Race

Blockworks, the New York-based crypto data and investor relations platform, has acquired rival Messari in a deal that underscores the growing consolidation pressure reshaping the digital asset industry — and the steep valuation resets facing once high-flying crypto startups.

The acquisition brings together two of the industry’s largest crypto information businesses. Messari, founded in 2018, built a comprehensive data platform covering more than 40,000 digital assets, along with APIs, market intelligence, research tools, and AI-powered workflows used by funds, exchanges, regulators, and developers. 

Blockworks, also founded in 2018, has focused on the issuer side of crypto…

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Bitcoin At $63,000 While Ethereum, XRP, Dogecoin Hold Ground On Potential US-Iran Peace Deal

Bitcoin is holding $63,000 as optimism around a peace deal in the middle East fuels positive social sentiment.

Notable Statistics:

Coinglass data shows 108,898 traders were liquidated in the past 24 hours for $284.06 million.       

SoSoValue data shows net outflows of $19.03 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $15.9 million.

In the past 24 hours, top gainers include Humanity, OFFICIAL TRUMP and Audiera.

Notable Developments:

Trader Notes:

Trader Byzantine General explained that Bitcoin is testing the $64,000-$65,000 resistance zone for a third time, signaling persistent bullish pressure and a growing likelihood of a breakout.

Benzinga

GameStop Didn’t Make Money With Its Bitcoin Bet—But It Will Try Again This Quarter

What Happened

GameStop rolled over covered call contracts tied to nearly all of its Bitcoin holdings after the previous batch expired on May 29, based on its latest quarterly filing.

The arrangement allows Coinbase to potentially acquire the Bitcoin at a predetermined price if the cryptocurrency rises above the strike price before expiration.

In exchange, GameStop collects an upfront premium.

The new contracts carry an $80,000 strike price, down from the prior range of $105,000 to $110,000.

Because the Bitcoin is pledged under the arrangement, accounting rules require GameStop to remove the cryptocurrency from its balance sheet and instead record a receivable representing its right to get…

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Ripple CEO Says JPMorgan Boss Jamie Dimon’s CLARITY Act Criticism Was ‘A Disservice’ To Crypto Regulation

Dimon Trying To Protect

Speaking on Fox Business on June 11, Garlinghouse pushed back against Dimon’s recent criticism of the CLARITY Act, a bill designed to establish a regulatory framework for digital assets in the U.S.

Dimon had argued that certain provisions could weaken oversight and allow crypto firms to offer reward programs that compete with traditional banking products.

Garlinghouse rejected those claims.

He noted that a large portion of global crypto trading activity remains offshore, arguing that clear domestic regulations would improve consumer protections while attracting more activity back to the U.S.

“What Jamie Dimon did a disservice,” Garlinghouse said. “Representing that…

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Sam Bankman-Fried Fails To Overturn FTX Fraud Conviction, 25-Year Sentence Stands

Former FTX CEO Sam Bankman-Fried has lost his appeal seeking a new trial, with a federal appeals court upholding his fraud conviction and 25-year prison sentence.

What Happened

On Friday, the U.S. Court of Appeals for the Second Circuit affirmed the conviction of Sam Bankman-Fried, rejecting arguments that he was denied a fair trial and improperly prevented from presenting key evidence.

The decision leaves intact the verdict reached by a New York jury in November 2023, which found Bankman-Fried guilty on seven counts of fraud and conspiracy tied to the collapse of cryptocurrency exchange FTX, The Block reported.

Prosecutors characterized the scheme as one of the largest financial frauds in…

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