Today's Crypto and Bitcoin News

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Sunday2026/0607
06-01

Marvell Launches 102.4 Tbps Switch for AI Data Centers

Marvell Technology just dropped the Teralynx 102T, a networking switch capable of pushing 102.4 terabits per second of bandwidth. To put that in perspective, that’s enough throughput to transfer roughly 12,800 copies of a 4K Blu-ray movie every single second.The device is being positioned as the ind...

Stellar's XLM Token Surges to $2.20 on Upbit Amid Price Glitch

A sudden price spike pushed Stellar’s XLM token above $2 on South Korea’s Upbit exchange following the asset’s recent rally. The unusual market activity reignited speculation about XLM’s long-term growth potential, especially as the network continues to gain momentum through major institutional deve...

Flare CEO Outlines XRP DeFi Expansion Strategy

Flare CEO Hugo Philion has outlined several strategic initiatives designed to accelerate the growth of XRPFi and increase Flare’s total value locked (TVL).Philion shared these insights during a Flare-hosted AMA session over the weekend. His remarks offered a clearer view of how Flare plans to positi...

XLM Would Need to Rise 10x to Match XRP's $80.6B Market Cap, Analyst Says

Despite Stellar’s recent surge, XRP community figure Chad Steingraber believes XLM still has a long way to go before matching XRP’s size.In a recent post on X, Steingraber argued that XLM would need to rise roughly 10x from current levels to reach XRP’s market capitalization.His comments come as XLM...

XDC Network Targets the $15 Trillion Trade Finance Market with Blockchain Solutions

BlockBeats news, on June 1, Travis John, Head of Institutional Business at XDC Network, stated that the global trade finance market is approximately $15 trillion, but the industry still heavily relies on paper documents, manual reviews, and multiple layers of intermediaries, leading to issues such a...

Strategy BTC holdings face a $2.93 billion unrealized loss; BitMine ETH holdings down $8.12 billion

BlockBeats news, June 1: According to EmberCN monitoring, the largest treasury companies for Bitcoin and Ethereum had the following trading activity last week:· Bitcoin treasury company Strategy sold 32 BTC for approximately $77,135 each last week, totaling around $2.47 million.They currently hold a...

Bitcoin No Longer the Sole Compass as the Crypto Market Diversifies

Original author: CharlieOriginal source: Luffy, Foresight NewsFor a long time, the entire cryptocurrency market’s price movements have revolved around Bitcoin. Now, that era is coming to an end.The crypto economy is now divided into two camps: intrinsic assets and extrinsic assets.Endogenous assets ...

Serenity: Optical Module Sector Decline Driven by Algorithmic Selling; Long-Term Outlook Remains Positive

Huo Xing Finance reports that on June 1, "New Stock God" Serenity posted that the current decline in the photonics sector is primarily driven by algorithmic trading following the leader. Looking at the stock performance of companies related to lasers and optical modules such as AAOI and Sivers, mark...

Crypto Market Holds at $2.5T Amid Investor Fear

As June starts, the crypto market is presenting a relatively cautious momentum, based on the latest statistics. Hence, the total crypto market capitalization has hit $2.5T after a slight 0.25% dip. On the other hand, the cumulative crypto trading volume has surged by 3.95%, reaching $62.42B. At the ...

Circle Publishes Post-Quantum Security Whitepaper for USDC and Arc Blockchain

Circle is laying out a concrete strategy to protect USDC and its upcoming Arc blockchain from a future in which today’s cryptography could be broken by quantum computers — and it’s doing so without promising an immediate hard fork or mass asset wipe. What Circle announced - On Friday the stablecoin...

Bitcoin Holds Above $73K Despite $1.42 Billion ETF Outflow

The price of Bitcoin hit the level of $73,000 amid massive outflows in the spot Bitcoin ETFs in operation in the United States. As highlighted by Coin Bureau, over the past week, $1.42 billion worth of outflows were noted in the spot Bitcoin ETFs, which marks one of the largest outflows ever seen in...

Strategy BTC holdings face a $2.93 billion floating loss; BitMine ETH holdings face an $8.12 billion floating loss.

Huo Xing Finance reports that, as monitored by EmberCN on June 1, the recent trading activities of the largest Bitcoin and Ethereum treasury companies last week were as follows: · Bitcoin treasury company Strategy sold 32 BTC last week at approximately $77,135 each (valued at ~$24.7 million), mark...

Strategy Ends 41-Month Bitcoin Accumulation Streak with 32 BTC Sale

Strategy — the company formerly known as MicroStrategy — has broken one of the most closely watched streaks in corporate finance. Between May 26 and May 31, 2026, the firm disposed of 32 BTC — generating $2.5 million at an average price of $77,135 — ending 41 consecutive months of uninterrupted Bitc...

Mystery Whale Pays $30M to Exit BlackRock Bitcoin ETF Before Market Drop

Last week, an institutional investor executed the largest single off-exchange trade in the history of US spot Bitcoin exchange-traded funds, offloading a $1.26 billion position in BlackRock’s iShares Bitcoin Trust (IBIT). While the transaction has sparked intense debate on Wall Street, an analysis f...

Coinbase Launches Direct INR Access for Indian Traders

Coinbase opened direct INR deposits and withdrawals for Indian retail traders, adding IMPS access for faster bank-to- crypto transfers. The rollout follows FIU registration and expands spot, futures, and advanced trading tools.Key Takeaways:Coinbase added direct INR deposits and withdrawals through ...

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