Author: John Smith
Blockstream CEO Adam Back said concerns over Strategy’s small Bitcoin sale are overblown, framing the move as normal treasury management rather than a warning sign for the company’s Bitcoin plan. Summary Adam Back said Strategy’s small Bitcoin sale showed balance sheet flexibility, not bearish treasury change. Strategy sold 32 BTC for about $2.5 million to fund preferred stock dividend payments due. Crypto.news later reported Strategy bought 1,550 BTC, keeping its accumulation story active for now again. Speaking in a Bloomberg interview shared on YouTube, Back addressed questions about Strategy selling 32 BTC to help pay preferred stock dividends. He said…
Two Texas brothers pleaded guilty in a federal case tied to the armed robbery of a Minnesota family and the theft of more than $8 million in cryptocurrency. Summary Two Texas brothers pleaded guilty to robbery after an armed $8 million crypto kidnapping case. Prosecutors said the victims were held for nine hours while crypto was transferred under threat. The case adds to rising global wrench attacks targeting crypto holders and their family members. The U.S. Attorney’s Office for the District of Minnesota announced the pleas on June 18. Isiah Angelo Garcia, 25, and Raymond Christian Garcia, 24, both of…
Bitcoin has climbed back above $63,000 after reports of an Israel-Hezbollah ceasefire have renewed expectations that stalled diplomatic talks between the United States and Iran could resume before the end of June. Summary Bitcoin briefly reclaimed $63,000 after reports of an Israel-Hezbollah ceasefire improved market sentiment. Polymarket traders continue to expect U.S.-Iran talks before month-end despite recent disruptions. Analysts and on-chain data suggest downside risks remain despite the geopolitical relief rally. According to Reuters, Israel and Hezbollah have agreed to a ceasefire that is set to take effect on Friday, citing a senior U.S. official. The development comes days after…
Axelar has disabled its Secret Network bridge connections after a security incident resulted in the loss of roughly $4.7 million worth of bridged assets. Summary Axelar disabled Secret Network bridge routes after a $4.7 million exploit tied to a Secret-side ICS-20 contract. The company said the incident appears limited to Axelar-bridged assets on Secret Network, with no impact on its core protocol. Binance Research previously estimated DeFi exploits triggered $13 billion in TVL outflows and pushed leverage ratios to 2021 highs. According to Axelar, the exploit affected assets transferred from the Axelar chain to Secret Network through the Cosmos Inter-Blockchain…
Sonic Labs has announced a leadership overhaul after the S token extended its long-running decline, with former chief technology officer Andre Cronje joining two other senior figures in stepping down from the organization’s board. According to Sonic Labs, Andre Cronje,… Source link
Bitcoin has climbed more than 2% to $63,770 after a ceasefire agreement between Israel and Hezbollah helped ease market fears and pushed oil prices toward an 8% weekly decline. Summary Bitcoin price climbed 2.4% as a ceasefire deal and falling oil prices improved risk appetite. A symmetrical triangle breakout above $64,760 could open the door to a move toward $80,000. ETF outflows continue, but liquidation clusters above current prices could fuel further gains. According to crypto.news data, Bitcoin (BTC) price climbed 2.4% to an intraday high of $63,770 on June 20 before easing slightly to around $63,600. The move followed…
Binance founder Changpeng Zhao has proposed freezing up to 1 million Bitcoin linked to Satoshi Nakamoto if those coins remain unmoved after a future transition to quantum-resistant cryptography. Summary CZ proposed freezing inactive Bitcoin addresses after a future migration to quantum-resistant cryptography. His plan could affect up to 1 million BTC believed to be linked to Satoshi Nakamoto. Bitcoin developers remain divided between protecting vulnerable coins and preserving property rights. Speaking during a June 18 appearance on the Galaxy Brains podcast hosted by Galaxy Research President Alex Thorn, Zhao said quantum computing does not pose an insurmountable threat to Bitcoin…
The XRP Ledger community has reported a growing list of software issues after the June 15 release of xrpld version 3.2.0, even as only 26% of network nodes have upgraded to the new software. Summary XRP Ledger’s latest xrpld upgrade has triggered multiple bug reports, including node synchronization failures. Developers identified issues affecting transaction relays, validator distribution, consensus routing, and ledger tracking. Despite ongoing investigations, maintainers report no network-wide disruption and only 26% node adoption. According to reports published on the XRP Ledger project’s GitHub repository, developers and node operators have identified synchronization failures, configuration parsing problems, and several networking-related…
Strategy co-founder Michael Saylor has defended the company’s Bitcoin-backed capital strategy after its STRC preferred stock fell well below its $100 par value and triggered fresh criticism from market participants. Summary Michael Saylor defended Strategy’s Bitcoin strategy as STRC plunged below its $100 par value. Peter Schiff floated fraud allegations while questioning Strategy’s promotion of STRC shares. Jeff Dorman suggested selling up to $4 billion in Bitcoin could ease capital structure pressure. According to a June 20 X post by Saylor, Strategy’s Bitcoin and cash reserves currently exceed its outstanding debt by approximately $48 billion. He noted that the company…
Bio Protocol has launched OpenLabs, a platform that combines AI-assisted research development, community funding, and on-chain governance as its ecosystem surpasses $33 million in capital raised. Summary Bio Protocol launched OpenLabs, combining AI-assisted research development, collaboration, and funding in one platform. Researchers can seek funding through community voting, with BIO token holders participating in governance decisions. Bio Protocol said its BIO Genesis initiative has raised over $33 million to support decentralized science projects. According to Bio Protocol, the platform was introduced on June 19 during DeSci.Berlin 2026, an event held at KÖNIG GALERIE as part of Berlin Blockchain Week. How…