Around $2.96 billion worth of Bitcoin options are set to expire on Friday, June 14, potentially injecting volatility into already fragile crypto markets. According to data from Deribit, the contracts, scheduled to expire at 08:00 UTC, represent one of the largest expiries this quarter. The open interest includes nearly equal amounts of calls and puts,…
Chinese tech giant Tencent is reportedly considering an acquisition of South Korean game developer Nexon. A Bloomberg report citing unnamed sources claimed that Tencent has approached the family of Nexon’s late founder, Kim Jung-ju, to explore a potential deal. While discussions have taken place, no final terms have been agreed upon, and it remains unclear…
GameStop has raised the size of its planned convertible note sale to $2.25 billion from the original $1.75 billion. According to the company’s June 12 press release, the notes, which do not pay interest and are due in 2032, will be sold privately to large institutional investors. GameStop also gave buyers the option to purchase…
The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors. Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion. Bitcoin (BTC) declined around 5%, trading…
Michael Saylor, Strategy’s founder, delivered a bold Bitcoin price prediction this week, saying the cryptocurrency could surge to $1 million within the next few years. Saylor cited rising demand from institutions and governments, dwindling exchange balances, and the limited supply, just 450 new Bitcoin (BTC) coins mined per day, as key drivers behind his forecast….
SUI has confirmed a bullish market structure shift after breaking to a new swing high from the $2.22 region. Following an aggressive rally, price is now consolidating at a powerful support confluence, a sign that the uptrend remains intact and may be gearing up for another leg higher. SUI’s (SUI) price action has demonstrated strong…
A strategic equity line gives the Nasdaq-listed company flexible $5 billion in buying power for SOL tokens while compounding staking yields in a bold crypto treasury play. On June 12, Solana (SOL)-focused crypto treasury firm DeFi Development Corp. announced it has secured a $5 billion line of credit to accumulate additional SOL tokens and accelerate…
SHIB coin has been trading in a tight range on the daily timeframe, showing signs of a potential accumulation phase. With support holding and a possible double bottom forming, bulls may soon get their opportunity to drive price higher, if demand returns at key levels. SHIB (SHIB) has remained relatively flat on the daily chart,…
Hamster Kombat token crashed to a record low on Thursday, capping the downfall of one of the most prominent players in the tap-to-earn industry. Hamster Kombat (HMSTR) plunged to $0.0010, down 89% over the past year. The token’s market capitalization has collapsed from over $437 million in September to just $67 million today. HMSTR’s crash…
After buying $513 million worth of Bitcoin in May, GameStop wants $1.75 billion more, and Wall Street isn’t happy. The stock fell over 15% as doubts linger over the company’s pivot from retailer to crypto whale. GameStop (GME) shares took a nosedive on June 12, barely a day after the brick-and-mortar retailer announced a $1.75…
