Crypto News
From $100M Wipeout to $98M Gamble—Wynn’s Back and Betting Big on BTC
Following last week’s liquidation event exceeding $100 million, the infamous Hyperliquid trader James Wynn has once again plunged into the deep end—this time reopening a 40x long position on bitcoin, now valued at more than $98 million. Infamous Hyperliquid Trader James Wynn Dives Back Into the Deep End With 40x Bitcoin Bet On Monday, JuneSource link
Top Solana Meme Coin Creator on Pump.fun Has Earned $93,000 in Three Weeks
Solana meme coin creators have earned almost $3 million in total, with some communities using the funds in creative ways.Source link
Russia’s Largest Bank Sberbank Launches Structured Bonds Tied to Bitcoin
Sberbank, Russia’s largest bank, has introduced a new structured bond that tracks the price of bitcoin BTC and the dollar-to-ruble exchange rate.Initially available over the counter to a limited pool of qualified investors, the bonds let holders earn based on two variables: the future performance of BTC in U.S. dollars and any strengthening of the dollar relative to the ruble.Investors can access these instruments without opening a crypto wallet or using foreign crypto exchanges, with all transactions being processed in rubles within Russia’s “legal and infrastructure systems.”The bank plans to list similar structured products with cryptocurrency exposure on the Moscow Exchange, according to a recent announcement.Sberbank, per the announcement, is also launching a bitcoin futures product via its SberInvestments platform...
Strategy’s Bitcoin Stack Hits 580,955 BTC After New Acquisition
Strategy (formerly Microstrategy) continues expanding its bitcoin holdings with a fresh multimillion-dollar acquisition and updated performance metrics. On June 2, Strategy Executive Chairman Michael Saylor announced that the firm acquired an additional 705 bitcoin (BTC) for approximately $75.1 million, with an average price of $106,495 per coin. The purchase boosts the company’s total holdings toSource link
Crypto Daybook Americas: Tariffs to Dominate Narrative as BTC ETF Volumes Surge
By Omkar Godbole (All times ET unless indicated otherwise)The recent TACO tease, implying "Trump Always Chickens Out" on tariffs, likely didn't go down well with the President, who raised the stakes in the ongoing trade war on Friday, leading to broad-based risk aversion, which persists as of writing.On Friday, Trump said that on June 4, the U.S. tariffs on imported aluminum and steel would go from 25% to 50%, triggering a broad-based risk-off move across global markets. Bitcoin has since traded in the range of $103,000-$106,000, with little to no excitement in the broader crypto market. Notably, BlackRock's spot bitcoin ETF (IBIT) registered an outflow of $430 million, ending a prolonged inflows streak."Tariff tensions will likely dominate the macro narrative...