Bitcoin briefly hits $70,000 for the first time since June. Here is why
The largest crypto asset rose more than 7% on Wednesday after several catalysts sent crypto-related assets higher.
June
Ark Invest bought more than $75 million of COIN, CRCL, BLSH shares during June bloodbath
Ark Invest has a tendency to load up on shares in cryptocurrency companies when their prices are depressed, and June was no exception. Bitcoin BTC$58,471.34, the largest cryptocurrency, recorded its worst month in four years, and digital asset firms’ share prices suffered accordingly, which Ark… Read More
Polymarket says No for May, Yes for June after Strategy’s recent bitcoin sale
Strategy’s recent bitcoin sale, the first in more than three years, sparked a major dispute on Polymarket, with the dispute settlement body led by UMA token holders ultimately ruling against bettors who wagered the sale would occur by May 31. The controversy began after Strategy… Read More
Anthropic signs Elon Musk’s SpaceX for Colossus 1 compute ahead of June IPO
Anthropic just made Elon Musk’s SpaceX a key supplier to its AI ambitions, and the timing is hard to miss. The Claude maker said Wednesday it had signed a deal to tap all of the compute capacity at SpaceX’s Colossus 1 data center, locking in… Read More
Hong Kong regulator approves first crypto company license since June last year
Hong Kong’s Securities and Futures Commission (SFC) granted a crypto license to Victory Fintech (VDX), an affiliate entity of publicly listed financial services firm Victory Securities (8540). Victory won permission to operate a digital asset trading platform on Friday, according to the SFC’s registry of… Read More