Cathie Wood’s $1.5M Bitcoin call triggers fresh gold vs crypto debate

Tether and Fasset have launched what they describe as the world’s first gold-backed neobanking Visa card, giving users a way to spend fiat at merchants worldwide while accumulating tokenized gold through cashback and automatic round-ups. Gold Becomes Spendable According to Tether’s announcement, the card runs on the Visa network, accepted wherever Visa is used globally. […]

Bloomberg’s Joe Weisenthal has revived and expanded his argument that crypto is stuck in what he calls the “coldest crypto winter ever,” pointing to a 12-part case that goes beyond price action and into market psychology, capital rotation, regulation, AI and quantum computing. Writing in his Odd Lots newsletter and sharing the piece on X, Weisenthal said he had previously laid out 10 reasons in February for why the current downturn felt unusually punishing. “Well everything I cited then still holds,” he wrote, adding that two more factors have since made the backdrop look even worse. Crypto’s Problem Is No Longer Just Crypto The core of Weisenthal’s argument is that crypto’s weakness is taking place at a time when other speculative corners of the market are doing exceptionally well. That contrast matters. A bear market is one thing when risk assets are broadly under pressure; it is another when investors are watching adjacent trades explode higher. Related Reading: Crypto In 401(k)s: S

Strategic Bitcoin sales could reshape traditional finance's perception and unlock new investment opportunities. The post Michael Saylor: Companies holding Bitcoin face skepticism from traditional finance, strategic sales can enhance liquidity, and Bitcoin’s undervaluation presents unique investment opportunities | The Pomp Podcast appeared first on Crypto Briefing.

Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.

On June 3, XRP hit a new year-to-date low of $1.188 amid a broader crypto sell-off, down nearly 34% for the year, before stabilizing just under $1.22. XRP Hits New Year-to-Date Low On June 3, XRP dipped below $1.20 amid a market-wide sell-off that also saw bitcoin tap its lowest price since early February. Market […]

The massive crypto liquidation highlights the volatility and risks of leveraged trading, potentially deterring institutional investors and impacting market stability. The post $883M in Bitcoin longs wiped as crypto liquidations hit $1.84B in 24 hours appeared first on Crypto Briefing.

A Casascius physical Bitcoin containing 25 BTC has been redeemed after nearly 15 years, unlocking cryptocurrency now worth about $1.78 million. According to data tracked by Casascius Tracker, the coin was activated on-chain on June 3, giving its holder access…

Bitcoin is at risk of a drop below $65,000, but buyers are expected to mount a strong defense as the price nears the crucial $60,000 level.