Saylor Hoards $3 Billion in Money as Technique’s $55 Billion Bitcoin Guess Sinks $9.9 Billion Underwater
Technique Inc. (Nasdaq: MSTR) now pairs a $3 billion U.S. greenback reserve with 843,775 BTC price roughly $55 billion, a barbell construction government chairman… learn extra.
Editor’s remark:
The dimensions of Saylor’s wager means he’ll both be one of many wealthiest males who ever lived, or a disgraced gambler. With that stated, now that Technique has included promoting BTC as a part of its administration system, it’s seemingly we’ll see much less of Saylor and the agency within the headlines.
CFTC Blocks Kalshi From Cancelling Michigan Sports activities Trades Ordered Voided
The Commodity Futures Buying and selling Fee has stopped Kalshi from liquidating sports activities occasion contracts {that a} Michigan court docket ordered… learn extra.
Editor’s remark:
Bitcoin.com’s Luci Kelemen notes that Michigan is the second state, after Nevada, to acquire an order requiring Kalshi to limit entry via geolocation. Nevada regulators individually alleged that Kalshi’s IP geofence allowed residents to proceed shopping for prohibited contracts regardless of a court docket order.
Tim Draper Admits ‘Ouch’ Second After Passing on Coinbase — His Son Noticed a Crypto Fortune within the Making
Tim Draper says he handed on Coinbase after underestimating how shortly retail crypto adoption would arrive, however his son invested early… learn extra.
Editor’s remark:Now that he’s learnt his lesson, there could also be some alpha within the subsequent founder that Draper or his son resolve to put money into early on. Right this moment, Coinbase is price over $44 billion, a beautiful firm to get in on the floor flooring on.
Trump Torches Iran Ceasefire as Brent Crude Tops $83 and Bitcoin Sinks Under $62K
U.S. President Donald Trump declared a June ceasefire with Iran “over” this week after U.S. Central Command carried out contemporary strikes… learn extra.
Editor’s remark:
The flip flopping on Hormuz has been a bane on markets because it began in early 2026, but inventory markets are nonetheless mainly at all-time highs. Bitcoin, alternatively, which ought to theoretically do higher in instances of geopolitical uncertainty, has suffered. A easy conclusion to this example may very well be what BTC must lastly kick off a brand new cycle.
Blackrock CEO Larry Fink ‘Very Bullish’ on Markets as Bitcoin Stabilizes
Blackrock CEO Larry Fink stated he’s bullish on markets, citing early positive aspects from technology-driven margin growth… learn extra.
Editor’s remark:
With the world’s largest Bitcoin ETF (IBIT), Fink has good cause to need Bitcoin to recuperate. Public bullish sentiment from the biggest asset supervisor on the earth is a a lot welcomed catalyst for BTC, particularly when value is at a reduction reasonably than hovering to new all-time highs.
