Coinbase says it’s reduced account lockouts by 82%

This is a segment from The Drop newsletter. To read full editions, subscribe.

Coinbase is taking action to reduce the number of users it’s locking out — and says its efforts are paying off.

“Account freezing has been a major issue at Coinbase for longer than is acceptable,” Coinbase CEO Brian Armstrong said. “I could list a bunch of the underlying reasons why it got so bad in the first place, but what’s more important is that we’ve made it a priority to fix, and we have been making good progress.”

Dor Levi, Coinbase VP of Product, explained that he joined Coinbase recently with the goal of getting account-lock numbers down.

“Our restriction experience…

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New York City Won’t Be Issuing BitBonds Any Time Soon

Since 2021, Mayor Eric Adams has been talking about how he’s going to make New York City the center of the crypto industry, though this hasn’t materialized. (Some Bitcoin and crypto companies are based here, but this has little to do with Adams’ efforts — or lack thereof.)

So, when I heard the mayor propose issuing BitBonds in New York City at Bitcoin 2025, I was far from convinced that this would actually happen.

And then when I read a statement from NYC Comptroller Brad Lander on the topic, it became even more clear to me that Adams was merely posturing when it came to BitBonds.

“New York City will not be issuing any bitcoin-backed bonds on my watch,” said…

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This Bitcoin drugstore thought experiment quickly got out of hand

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

There’s no questioning that Supply Shock is deep in the nostalgia business. Sometimes, it’s meant to be deeper than that.

Maybe you lived the first few years of Bitcoin, and get a kick out of revisiting the major narratives and forgotten side plots. Perhaps you missed out and are now living vicariously as an early adopter through our deep dives.

Today’s throwback is more an expression of mourning than reminiscence:

RIP, the age of Bitcoin idealism.

On This Day

Exactly 15 years ago, Andrew “teppy” Tepper started what would become a fateful thread: “A Heroin… Read more on Blockworks

BitMine Immersion Technologies Buys 100 Bitcoin In First Treasury Acquisition

BitMine Immersion Technologies, Inc., a Bitcoin focused technology company, has taken its first step into treasury accumulation with the open market purchase of 100 Bitcoin. The acquisition marks the launch of BitMine’s formal Bitcoin Treasury business.

The 100 BTC were purchased using funds raised through BitMine’s recent public stock offering, which closed on June 6, 2025. The offering raised $18 million through the sale of 2,250,000 shares at $8.00 per share.

“We are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward,” said Jonathan Bates, Chairman and CEO of BitMine.

BitMine’s Treasury…

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LATEST: Publicly Traded Firm KULR Technology Buys 118.6 Bitcoins for $13Million

KULR Technology Group has increased its Bitcoin holdings by acquiring 118.6 BTC for approximately $13 million, at an average price of $107,861 per bitcoin. This bold move reinforces the company’s growing confidence in digital assets, especially as the crypto market gains momentum in 2025.

As of June 5, 2025, KULR holds a total of 920 BTC, purchased for around $91 million, with an average acquisition cost of $98,760 per bitcoin. The accumulation signals a strategic investment approach as the company continues to leverage Bitcoin as part of its financial strategy.

KULR has achieved an impressive 260% year-to-date yield from its Bitcoin holdings. This strong performance highlights the potential of cryptocurrency in generating significant returns and reflects the rising trend of crypto adoption among forward-thinking tech companies.

KULR Technology Joins Bitcoin For Corporations, Increases Holdings To 920 BTC

KULR Technology Group, Inc. (NYSE American: KULR), a Bitcoin First Company and global leader in sustainable energy management, announced that it has joined the Bitcoin for Corporations (BFC) initiative, an institutional platform by Strategy and Bitcoin Magazine to promote corporate Bitcoin adoption.

The initiative is  made to support publicly traded companies in integrating Bitcoin into their corporate treasury strategies and balance sheets. Participating organizations gain access to institutional-grade tools, frameworks, and peer networks that support the responsible management and expansion of Bitcoin holdings. KULR’s role as an Executive Member of BFC aligns with its…

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JEETS: The Meme Token That Embraces the Panic — and Flips It Into Power

In the heart of crypto chaos, one meme token dares to lean into the fear, the FOMO, and the red candles. Introducing $JEETS — a Solana-based token born from the raw truth of every trader who’s ever sold the bottom and blamed the devs.

In crypto slang, a “jeet” is the trader who apes in at the top and exits at the first sign of red — a panic seller, a paper-handed legend. But $JEETS isn’t just a meme mocking this behavior — it’s a movement. A social token for the degen masses, built to reflect the wild emotional swings of the crypto market, with a community that knows how to laugh at its own pain.

“Every chart has a story, and every jeet has a timeline,” says one core community member. “We’re just the first token to own it completely.”

After gaining traction on pump.fun and earning cult status on Crypto Twitter, $JEETS is now preparing for a major leap — with a confirmed listing on MEXC, one of the industry’s top centralized exchanges. This marks a new chapter for the token: from basement meme to breakout player in the ever-expanding world of Solana-based culture coins.


Why $JEETS matters:

  • It captures the culture of crypto in its rawest form
  • It builds community around shared mistakes — and shared redemption
  • It turns jeeting into a badge of honor… or a meme you can finally profit from

How to buy $JEETS now:

Whether you’re here to hold, flip, or just laugh at the pain of your past trades — $JEETS is for you.

Because in the end… we’re all jeets sometimes.

More Info: https://x.com/JeetsToken


Disclaimer: Sponsored content on CryptoCrunchApp is provided by third-party partners and does not reflect the views or opinions of CryptoCrunchApp. We do not independently verify the accuracy or reliability of the information presented. This material is for informational purposes only and should not be considered financial advice. CryptoCrunchApp is not responsible for any decisions made based on this content, nor for any financial loss or damages arising from its use.

Strategy Buys $110 Million Worth Of Bitcoin

Strategy has acquired an additional 1,045 Bitcoin for approximately $110.2 million, further cementing its position as the largest corporate holder of Bitcoin as institutional adoption continues to accelerate in 2025.

According to an SEC filing on June 9, the company purchased the Bitcoin at an average price of $105,426 per coin last week, bringing its total holdings to 582,000 BTC. The acquisition was funded through Strategy’s at-the-market (ATM) sales of STRK and STRF preferred stocks.

With this latest purchase, Strategy’s average acquisition price across all its Bitcoin holdings has risen to $70,086 per coin. At current market prices of approximately $107,700, the…

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JUST IN: Michael Saylor’s Strategy Acquires 1,045 Bitcoin Worth $110.2 Million

Strategy has added 1,045 Bitcoin to its reserves for around $110.2 million at an average price of $105,426 per BTC. The company has delivered a 17.1% year-to-date yield on its Bitcoin holdings showcasing strong performance in the crypto space for 2025.

As of June 8, Strategy now holds a staggering 582,000 BTC acquired for a total of approximately $40.79 billion at an average price of $70,086 per Bitcoin. This move solidifies its position as one of the largest institutional Bitcoin holders in the world.

The company continues to double down on its long-term Bitcoin strategy seeing BTC as a reliable store of value and inflation hedge. Crypto enthusiasts are cheering this bold accumulation as a strong vote of confidence in Bitcoin’s future and a powerful signal to the broader financial world.

The Blockchain Group Accelerates Bitcoin Treasury Strategy With €300M Raise

On June 9, 2025, The Blockchain Group (Euronext: ALTBG) announced a €300 million capital increase program in partnership with TOBAM—marking one of the largest flexible funding facilities in the European public markets dedicated to scaling a Bitcoin treasury.

The raise is structured as an “ATM-type” (At-The-Market) offering, allowing TOBAM to subscribe daily for ordinary shares at a price based on the higher of the previous day’s closing price or volume-weighted average price (VWAP). Each tranche is capped at 21% of the day’s trading volume. This provides a disciplined mechanism to increase capital over time without disrupting market dynamics.

TOBAM: A Strategic… Read more on BitcoinMagazine