The post Live updates: Japan’s collapsing yen is pushing companies into bitcoin and XRP appeared on BitcoinEthereumNews.com.
The yen is trading near its weakest level in four decades, and Japanese companies are moving crypto onto their balance sheets to escape it. SBI VC Trade on Tuesday said corporate demand for bitcoin and XRP is climbing as the currency’s slide pushes firms to diversify reserves beyond cash, with the exchange’s registered accounts passing 2 million, roughly double its 2025 count. Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30, per CFTC data. The dollar buys around 162 yen as of Asian morning hours Wednesday. The driver is the interest-rate gap between a hawkish U.S. Fed and a Bank of Japan still far behind it, the same gap that makes holding yen cash a losing position and sends firms looking for harder assets. SBI, the crypto arm of Tokyo-based SBI Holdings, noted demand for i
The post Ripple-Operated Rail Dropped by Major Software Company appeared on BitcoinEthereumNews.com.
AngelList, the prominent platform that connects startups with investors, is winding down its crypto payment support. The company is terminating its relations with Ripple-operated Rail, according to the announcement. “Effective July 31st, our partnership with Rail (operated by Ripple) will be formally wound down,” the company stated. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet AngelList has noted that crypto payment options (specifically USDC, USDT, DAI, and ETH) will become completely unavailable until further notice, meaning that users will have to go back to traditional financial rails. The company confirmed that ACH and wire transfers will remain fully functional. You Might Also Like Users have been urged to switch to fiat for any upcoming investments to avoid pr
The post Bitcoin (BTC) Tests a Critical Zone: Will Buyers Target $64K or Lose Ground to $60K? appeared on BitcoinEthereumNews.com.
Bitcoin price is holding near $63.2K. BTC is testing the $64K resistance. The largest asset, Bitcoin (BTC), is knocking on the door of the $64K resistance level again, but it’s stuck in a waiting game. Because the price is sitting right below its 50-day moving average, $65.8K, the market is essentially moving sideways. The real trigger is tomorrow’s FOMC minutes. Traders are glued to this economic update, as any hints on interest rates could easily make waves in the market and break Bitcoin out of this tight box. If buyers can push through and close a daily candle above $64K, it proves they have the strength to fight back toward that $65.8K line. On the flip side, if the news turns sour and sellers take control, the $60.7K level is the line in the sand. Losing that support could trigger a wider market sell-off, while holding it keeps the current recovery a
The USDT burn highlights stablecoin supply dynamics' influence on crypto markets, potentially affecting Bitcoin's price trajectory and market sentiment.
The post Tether burns $3B USDT on Ethereum, largest since February 2026 appeared first on Crypto Briefing.
The post Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi ‘A Major, Major Loss’ in New York appeared on BitcoinEthereumNews.com.
Key Takeaways Judge Torres denied Kalshi’s injunction, ruling NY gambling laws aren’t preempted by the Commodity Exchange Act. The decision breaks with the Third Circuit’s April 2026 ruling that shielded Kalshi from New Jersey regulators. Kalshi posted a record $31 billion in June volume, raising the stakes as the case heads to motion-to-dismiss. Another Major Ruling From Torres U.S. District Judge Analisa Torres has denied prediction market exchange Kalshi a preliminary injunction against New York gaming regulators, Crypto in America journalist Eleanor Terrett reported. Torres found that New York’s gambling laws, as applied to Kalshi’s sports event contracts, are not preempted by the Commodity Exchange Act (CEA), the federal statute Kalshi has leaned on in courtrooms across the country. Image source: X The denial allows the case to proceed to t
The post Bitcoin (BTC) Slides Below $64K as Middle East Tensions and Tech Selloff Shake Markets appeared on BitcoinEthereumNews.com.
Key Highlights BTC declined 1.4% to $63,305 following U.S. military action targeting Iranian assets Crude oil surged more than 5% amid escalating tensions in the Strait of Hormuz region Technology sector experienced significant losses, with Micron plummeting over 9% Spot Bitcoin ETFs attracted $265.7 million in net capital on Monday Technical analyst Ted Pillows cautions that breaking below $62,500 may trigger a slide to $60,000 Bitcoin retreated to approximately $63,000 on Tuesday following U.S. military operations targeting Iranian positions. The escalation followed incidents involving three commercial oil tankers in the vicinity of the Strait of Hormuz. Bitcoin (BTC) Price U.S. Central Command characterized the military response as retaliation for Iranian hostile actions directed at civilian shipping vessels. Three tankers sustained damage—two from pro
The post XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet appeared on BitcoinEthereumNews.com.
Shiba Inu is still under a lot of pressure even though it appears to be stabilizing close to local lows. The meme coin is currently trading at about $0.0000044 after going through a protracted bearish trend for a few weeks, which has largely eliminated the recovery momentum that was observed earlier this year. For SHIB bulls, the daily chart presents a challenging picture. After supporting price action in March, April, and May, the asset recently broke out of a rising channel. Sellers swiftly regained control after that structure failed, pushing SHIB in the direction of its current range. Even though the token saw a slight increase in value in June, there wasn’t enough volume in the recovery to overcome significant resistance levels. SHIB/USDT Chart by TradingView From a technical standpoint, SHIB is still below the 50-, 100-, and 2
The post Strike Unveils Bitcoin Loans Without Margin Calls or Forced Liquidations appeared on BitcoinEthereumNews.com.
Key Highlights Strike introduces Bitcoin-collateralized lending that eliminates margin calls and automatic liquidations Interest rates range up to 14.2% annually, exceeding Strike’s conventional offering Collateral remains safe during price declines provided borrowers maintain payment schedules A 10-day window follows missed payments before potential collateral liquidation Available across most US states for individual and corporate borrowers, with $10,000 minimum Strike, the cryptocurrency financial services company under CEO Jack Mallers’ leadership, has introduced a Bitcoin-collateralized lending option described as resistant to market volatility. JUST IN: STRIKE LAUNCHES BITCOIN-BACKED LOANS THAT CANNOT BE LIQUIDATED Jack Mallers' Strike is offering loans against Bitcoin where the collateral is never sold, even if BTC drops 80%, as long as payments stay current. "Y
The post Bitcoin 21M cap debate erupts after StarkWare CEO’s 4% proposal appeared on BitcoinEthereumNews.com.
StarkWare CEO Eli Ben-Sasson has revived debate over Bitcoin’s fixed supply after suggesting annual issuance. Summary Ben-Sasson argued lost private keys reduce usable Bitcoin supply, making fixed issuance worth reconsidering. Bitcoin supporters rejected the idea, saying the 21M cap remains central to BTC’s value. Zcash’s proposed burn-and-reissue model emerged as an alternative that keeps a fixed supply cap intact. In a Tuesday post on X, Ben-Sasson said Bitcoin’s 21 million supply cap “doesn’t make sense” because users lose private keys over time. He argued that lost keys reduce the amount of usable Bitcoin and that, over a long enough period, more coins will become unreachable. Ben-Sasson proposed replacing the fixed cap with a hard issuance rule of up to 4% per year. He said the figure roughly matches global population growth, while still keeping Bitcoin scarce under a know
