Bitcoin, Solana Rise as US and China Agree to Trade Talks Ahead of Key Bond Auction
A poorly received 20-year bond auction caused Bitcoin’s price to suddenly drop last month.
Day: June 9, 2025
Circle Stock Hits New Peak, Up 347% Since IPO as Institutional Interest in CRCL Explodes
Circle stock rockets 347% in three days as institutions pile in, but rate cuts loom as a potential headwind for the stablecoin issuer.
Strategy buys another 1,045 Bitcoin to push its stash to nearly 3% of supply
Strategy has acquired an additional 1,045 Bitcoin (BTC) $110.2 million, according to a June 9 filing with the US Securities and Exchange Commission. The purchase occurred between June 2 and June 8 at an average price of $105,426 per coin. Strategy’s total Bitcoin stash now amounts to 582,000 BTC. The company’s average price now stands […]
Strategy Boosts Corporate Stash With $110 Million Bitcoin Top-Up As Total Holdings Reach 582,000 BTC
Michael Saylor-led Strategy, formerly MicroStrategy, expanded its Bitcoin coffers with its most recent purchase. According to a Monday US Securities and Exchange (SEC) filing, Strategy scooped up 1,045 Bitcoin between June 2 and June 8 at an average price of $105,426 per coin. The Tysons, a Virginia-based firm, is the world’s largest corporate holder of […]
A Study of Bitcoin Mining’s True Cost: Environmental, Economic, and Grid-Level Impacts of Mining
The USA is the global leader in Bitcoin mining electricity expenses, spending over $10.8 billion annually, far exceeding any other country. China and Kazakhstan follow, spending $4.4 billion and $2.8 billion, respectively. Canada and Russia also stand out with significant expenditures—Canada spends nearly $1.5 billion, driven by relatively high energy costs, while Russia contributes over […]
BNB Price Climbs in Strong Rebound as Trump-Musk Spat Uncertainty Fades
BNB, the native token of the Binance ecosystem, staged a swift comeback after a jolt of market turbulence rattled the broader crypto market.
The coin rose more than 4% from this week’s low and is up around 0.7% in the last 24 hours, reversing from a dip to $631 to around $657 after forming a textbook V-shaped recovery pattern, according to CoinDesk Research’s technical analysis data model.
STORY CONTINUES BELOW
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The rebound came as the uncertainty associated with a flare-up between U.S. president Donald Trump and Tesla CEO Elon Musk that triggered a sell-off for risk assets started fading.
BNB Chain’s fundamentals have been improving. Daily active users jumped 26.4% to 1.2 million, while revenue in Q1 2025 grew 58% from the previous quarter to $70.8 million, according to a Messari report.
Technical charts show BNB hit resistance around $657 after heavy buying at the $650 level. A critical pivot now lies at $654, with traders eyeing U.S. inflation data, due to be released this Wednesday, for cues on the next move.
Meanwhile, Binance is leaning into innovation. Its June 9 hackathon opened new tracks in decentralized science and physical infrastructure.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
The Best Crypto Presales in 2025: BlockDAG, SUBBD, Solaxy, and More You Need to Know About
As the cryptocurrency market expands, presales have become critical for projects looking to make a mark. In 2025, the presale scene is crowded, but a few stand out because of their ability to generate real momentum. Among them, BlockDAG takes the lead, using strategic partnerships with major sports institutions to push its presale toward unprecedented […]
Visa, Fidelity, China AMC Pilot Chainlink-Powered CBDC-Stablecoin Swap
Chainlink’s blockchain protocol facilitated a simulated exchange between Hong Kong’s prototype central bank digital currency (CBDC) and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Programme. Chainlink Enables Direct e-HKD to Australian Stablecoin Exchange in Test The Hong Kong Monetary Authority (HKMA) initiative involves Visa, ANZ, Fidelity International, and ChinaAMC Hong Kong […]
Japanese Fashion Giant to Follow MicroStrategy With ¥11 billion Bitcoin Buy
ANAP Holdings, a Japanese clothing brand, is joining the trend of corporate Bitcoin acquisitions with a ¥11 billion BTC purchase. It will immediately invest ¥8 billion and convert the remainder after further capital increases. The firm is paying for this through a new sale of company shares. In the last month, ANAP’s stock price has […]
Samson Mow Drops Bombshell: Bitcoin At Risk From Core Product
JAN3 CEO and BTC maximalist, Samson Mow, has again spoken up against the Bitcoin Core developers. His statement relates to the proposed expansion plans on the network, which Mow believes could erode BTC’s status as a currency. Samson Mow Speaks Against Bitcoin Core Developers In an X post, Samson Mow declared that the Bitcoin core […]
