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SpaceX signs $920 million a month cloud compute deal with Google
SpaceX is primed to receive a whopping $920 million per month from Google, so the latter can make use of its AI cloud computing facilities, according to an SEC filing today. This gives Elon Musk’s rocket, AI, and satellites company another major cloud customer weeks before its planned IPO. The agreement runs from October 2026...Cryptopolitan
Sat, Jun 6
Solana Treasury Bet Turns Sour: Firm Sits On $1.13B Unrealized Loss
Solana has been struggling with selling pressure as the broader market feels the weight of a correction that has tested support levels across the ecosystem. The price is under stress — and data from Arkham Intelligence has identified a specific institutional transaction that adds a direct supply dim...NewsBTC
Sat, Jun 6
Why The Extreme FUD And Bearish Pressure Could Be Good News For The XRP Price
The XRP price has continued its downward sweep, currently trading slightly around $1.1 after declining over 14% this week. As upward momentum and trading activity weaken, on-chain reports reveal that the market is now being dominated by bearish pressure and extreme Fear, Uncertainty, and Doubt (FUD)...Bitcoinist
Sat, Jun 6
Bitcoin’s Market Structure Reflects The Influence Of Major Investors
Bitcoin’s market structure is increasingly reflecting the growing influence of major investors, as institutional capital continues to shape price action, liquidity, and overall sentiment. Unlike earlier cycles driven largely by retail participation, today’s market dynamics are more closely tied to t...NewsBTC
Sat, Jun 6
Bitcoin briefly tips $60K, stocks decline as strong labor data fuels hawkish Fed expectations
Bitcoin (BTC) briefly fell below the $60,000 mark on Friday as risk assets came under heavy pressure following a stronger-than-expected US jobs report. The US jobs data triggered a sharp repricing of Federal Reserve interest rate expectations, according to an X post by The Kobeissi Letter.
Fxstreet
Fri, Jun 5
Hyperliquid Faces 5 Possible Paths As US Regulatory Pressure Builds: Expert
Hyperliquid is facing a growing set of regulatory constraints in the US and UK, even as the decentralized perpetuals venue continues to attract major market attention. Derek Edwards, managing partner at Collab+Currency and co-founder of Glitch Marfa, said the project now appears to have five possibl...Bitcoinist
Fri, Jun 5
Election bets put Polymarket under criminal scrutiny in South Korea
It seems that the South Korean authorities have initiated the country’s first-ever criminal case against the local users of Polymarket. It has created another legal front in the wave of actions taken against the prediction market operators. According to the reports, police departments are using their cyber units to investigate transactions and figure out the...Cryptopolitan
Fri, Jun 5
Bitcoin’s Crash Has Broken Below A 4-Month Support, But There’s Still One More Play Left
Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month su...NewsBTC
Fri, Jun 5
SEC moves forward on rules for tokenized securities trading, prioritizes "innovation without arbitrage"
The US Securities and Exchange Commission (SEC) is developing a regulatory framework for the listing and trading of tokenized securities. The agency seeks to integrate blockchain-based assets into traditional financial markets without creating regulatory advantages for any market participant.Fxstreet
Fri, Jun 5
Bitcoin crashes to $59,000 as market stops believing in the HODL-at-any-cost story
Bitcoin broke under $60,000 on Friday, and the market did not exactly take it like adults in a room. The biggest crypto asset was trading around $59,911, down about 6% on the day and 18.7% for the week. This saw the price of Bitcoin falling to its lowest level since 2024 and by 52% from...Cryptopolitan
Fri, Jun 5
Could Solana Be The Best Spot Trading Market Globally? This Crypto Pundit Thinks So
Heavily haken by ongoing volatility, Solana and its broader market are facing heightened downside pressure, pushing its price to the $68 mark. Despite how bearish SOL has turned out over the past few months, robust optimism continued to be expressed toward the leading altcoin and its market capabili...Bitcoinist
Fri, Jun 5
Hyperliquid Strategies Stays Profitable: Strategy And Bitmine Record Losses Above $10 Billion
Crypto markets endured further pressure this week as the sell-off spread to some of the industry’s largest digital asset treasuries (DATs). As of Friday, Bitcoin (BTC) had slipped back below $60,000 for the first time since 2024, Ethereum (ETH) was trading around $1,550, and Hyperliquid (HYPE)...NewsBTC
Fri, Jun 5
Uniswap founder Hayden Adams says he's 'extremely bullish' on DeFi and Ethereum
Hayden Adams, the creator of Uniswap, recently compared today’s market conditions to the 2018 bear market that produced Uniswap itself. He also declared that he is “extremely bullish on DeFi and Ethereum.” The declaration came one day after Uniswap trackers reported that the protocol burned a record daily total of 134,000 tokens due to a...Cryptopolitan
Fri, Jun 5
Institutions Are Loading Up On XRP, But Liquidity Tells A Different Story
XRP is attracting institutional capital at a time when liquidity across the market is moving in the opposite direction. Fresh ETF inflows and growing accumulation among long-term holders continue to support the bullish case, but recent data suggest a different challenge is emerging beneath the surfa...NewsBTC
Fri, Jun 5
Bitcoin Drops To $59,000 For First Time Since 2024: Crypto’s Total Value Sheds $2 Trillion Since October
Bitcoin (BTC) accelerated its decline on Friday, falling to roughly $59,685—the lowest level seen since October 2024, when US voters were preparing for the November presidential elections of that year. The sell-off has now spilled beyond BTC itself, dragging the wider crypto market lower and wiping ...Bitcoinist
Fri, Jun 5
Securitize clears SEC hurdle for NYSE listing via Cantor SPAC merger
The registration statement for Securitize’s planned combination with Cantor Equity Partners II (NASDAQ: CEPT) has been declared effective by the Securities and Exchange Commission. (SEC). This removes a major regulatory obstacle that was hindering the BlackRock-backed tokenization firm’s chances of going public on the New York Stock Exchange (NYSE). Cantor Equity Partners II shareholders of...Cryptopolitan
Fri, Jun 5
Cardano Just Took Another Major Hit Amid Zombie Chain Allegations
Cardano analytics platform TapTools has announced that it is shutting down, providing a major blow to the ADA ecosystem. This comes amid allegations that the network is a ‘Zombie Chain’ with low user activity. Cardano’s TapTools Announces It Is Winding Down In an X post, TapTools announced that they...Bitcoinist
Fri, Jun 5
Bitcoin Critic Peter Schiff Predicts USDT Will Eclipse BTC
Bitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A...NewsBTC
Fri, Jun 5
SEC’s Crypto Advocate Says Blockchain Code Is Protected By The Constitution
A federal securities regulator is drawing a line between writing blockchain code and being responsible for how that code gets used — and the distinction could reshape how the government treats software developers in the decentralized finance space. Related Reading: Bitcoin Falls To $61,300 As Mt. Go...Bitcoinist
Fri, Jun 5
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