Trump-Elon feud Erupts, Crypto falls, Coinbase to list Fartcoin – Decrypt
The article covers crypto market fluctuations amid the Trump-Elon feud, Coinbase listing Fartcoin, and major industry updates including Circle’s IPO spike and Metaplanet’s BTC purchase plans.
Silk Road’s Ross Ulbricht gets $31 mln in Bitcoin – But the source raises questions
A $31 million Bitcoin donation to Silk Road’s Ross Ulbricht has been traced to Alphabay vendors. The funds’ origin raises questions, with investigators linking them to illicit activities.
US Trade Deficit Plummets by $76,700,000,000 in April Following the Rollout of Trump’s Tariffs – The Daily Hodl
The US trade deficit dropped by $76.7 billion in April after Trump’s tariffs were implemented, with exports rising and imports falling. Courts have challenged the tariffs’ legality, but the administration appealed.
Nasdaq Firm Plans $500M Bitcoin Treasury, Boosts One Top Altcoin
Korea’s K Wave Media plans a $500M Bitcoin reserve, joining Asian firms like Metaplanet and Basel Medical Group in adopting Bitcoin-first strategies, while promoting BTC Bull Token for potential gains.
Michael Saylor’s Strategy ups Bitcoin bet with $1B stock offering
MicroStrategy plans to raise $1 billion through a stock offering to buy more Bitcoin, increasing its holdings significantly beyond recent purchases.
Wells Fargo’s Chief Economist Warns US Economy Is ‘Skating Pretty Close to a Recession’ – Here’s His Outlook – The Daily Hodl
Wells Fargo’s chief economist warns the US economy is nearing a recession, citing potential shocks and 2025 slowdown due to tariffs, with Fed rate cuts expected to stimulate growth by 2026.
Major Shiba Inu Warning, Ripple’s Latest Achievement, and More: Bits Recap June 6
Shiba Inu users warned of a Coinbase phishing scam. Ripple’s stablecoin gains approval in Dubai. Analysts remain bullish on Cardano’s ADA despite recent price drops.
Circle Soars 168% In First Day Of Trading On NYSE Following Strong IPO
Circle’s stock surged 168% on its NYSE debut, opening at $69 after a $31 IPO price. The strong performance reflects investor confidence in the USDC issuer, valued at $6.8 billion pre-trading.
Bitcoin Is Ageing, 900,000th Block Now Minted – Coinspeaker
Bitcoin’s 900,000th block was mined on June 6, 2025, marking a major milestone. Mining rewards have decreased from 50 BTC to 3.125 BTC due to halving events, with the next expected in 2028.
Japan’s ‘Strategy’ Metaplanet to buy 91K Bitcoin in next 18 months
Japan’s Metaplanet has increased its Bitcoin acquisition target to 100,000 BTC by 2026, up from 21,000 BTC, citing global economic shifts and Bitcoin’s strategic importance.
