Business – Page 106 – PK Press Club

BTC, ETH, SOL and XRP ETFs lose $4.4 billion over 13 sessions, only HYPE in green

The Bitcoin ETF hemorrhage has spread throughout crypto. U.S. spot Bitcoin funds lost another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion flight since mid-May, while Ether, Solana and XRP products joined the buyback wave. Hyperliquid’s HYPE spot ETF was the only major crypto fund still […]

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Apparent Zcash outage was a block explorer issue, infrastructure provider says

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For a few hours on Wednesday Asian time, the Zcash blockchain didn’t appear to be producing new blocks – but that’s a problem with the block explorers themselves, not the chain, according to some observers. Think of the blockchain as a ledger that continually grows as new transactions are added. Each “block” is a new

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Pace Gallery Cuts 50 Artists and 50 Staff Amid Art Market Challenges

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In perhaps the strongest sign of a major transformation in the art market, Pace Gallery plans to announce Thursday that it is reducing its roster by 50 artists and its staff by 50 people, indicating that even a well-established gallery must downsize in this difficult economic climate. “The whole art system of art galleries has

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Bitcoin Crashes to $62,000 as Billions of Longs Are Liquidated

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Panic has returned to the crypto market, as bitcoin continues its decline to $62,000, spurring demand for options bets that protect against possible price losses below $50,000. Over the past 24 hours, the $50,000 strike put expiring on June 26 is the most traded bet on Deribit, the world’s largest crypto options exchange by volume.

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Bitcoin Falls Below $62,000 as $1.5 Billion of Crypto Longs Are Wiped

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Bitcoin plunged below $62,000 on Thursday morning Hong Kong time, triggering more than $1.5 billion in leveraged cryptocurrency liquidations in the past 24 hours, as a wave of forced selling accelerated the market’s biggest decline in months. According to CoinGlass data, more than 208,000 traders were liquidated across crypto markets, with bitcoin accounting for more

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Bitcoin selloff continues as prices slip below $63,000 for first time since February

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Bitcoin BTC$62,801.32 Losses were extended early Thursday, falling to $63,000 for the first time since February 24. The cryptocurrency has lost more than 14% this week alone and 21% over the past four weeks, according to CoinDesk data. The selling triggered demand for protective options plays, pushing the fear gauge, the BVIV 30-day implied volatility

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Crypto PACs remain undefeated in June primaries as Fairshake rides bipartisan winning streak

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Crypto-backed super PACs swept Tuesday’s primaries, with all 11 candidates backed by Fairshake affiliates advancing or winning their races, extending the industry’s electoral winning streak while revealing a strategy increasingly focused on building Democratic allies rather than supporting established crypto champions. The results covered nine California congressional elections, New Jersey’s 8th District and South Dakota’s

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Coinbase reportedly looking for new stablecoin platform backed by Stripe, Visa, Mastercard

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Global payment networks Stripe, Visa and Mastercard are set to introduce a new stablecoin platform, according to three people familiar with the plans. US-listed cryptocurrency exchange Coinbase (COIN) is also exploring the possibility of participating in the stablecoin platform, one of the people said. Coinbase, Stripe and Visa declined to comment. Mastercard did not respond

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Tom Lee’s Bitmine (BMNR) will offer preferred shares with a 9.5% dividend, according to the strategy manual

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BitMine Immersion Technologies (BMNR), an Ethereum treasury company led by Fundstrat co-founder Tom Lee, is borrowing a page from Strategy’s funding playbook and launching a $300 million preferred stock offering as crypto treasury companies look for new ways to obtain funding. According to a filing Wednesday with the U.S. Securities and Exchange Commission (SEC), the

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SpaceX Aims for Record $75 Billion IPO as Bitcoin’s Treasury and Liquidity Risks Draw Attention

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SpaceX plans to price its IPO at $135 per share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the U.S. Securities and Exchange Commission. The aerospace company plans to sell 555.6 million shares in the offering, according to the

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