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Bitcoin

Bitcoin is a new electronic payment system that removes the need for third party financial institutions. It speeds up transactions while reducing costs and minimizing the potential for fraud. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.

Coinbase has launched a Bitcoin rewards credit card, with possible plans to support multiple tokens over time, Decrypt was told.

Coinbase Launches Bitcoin Rewards Card to Drive Subscriber Growth

Economist Peter Schiff has renewed his criticism of bitcoin, questioning its status as “digital gold” after the cryptocurrency marginally dropped following Israel's military strike on Iranian nuclear facilities.

Bitcoin Liquidations Surge to $1.16 Billion; Economist Claims BTC Is 15% Lower vs. Gold

Ethereum

Israeli Defense Minister Israel Katz declared a state of emergency following the country's airstrikes on Iran.

Bitcoin sinks below $104,000, ether slides after Israeli airstrikes on Iran

Bitcoin's BTC hort-term options skew crashed during the early Asian hours as traders sought downside protection amid escalating tensions in the Middle East, which triggered a sharp rise in oil prices

Bitcoin 'Skew' Slides as Oil Prices Surge 6% on Israel-Iran Tensions

Bitcoin fell sharply late Thursday after Israel launched strikes on Iran, rattling global markets and sparking a flight from risk assets.

Bitcoin Dips as Israel Launches Airstrikes on Iran

Bitcoin dipped below $104,000 on Wednesday, reaching an intraday low of $103,362 following reports of airstrikes in Tehran that unsettled global markets and triggered risk‑off sentiment. The cryptocurrency slid approximately 4.1% in the latest session, mirroring investor caution amid escalating Middle East tensions. In contrast, gold surged to $3,410 an ounce, up about 0.

Bitcoin Plummets Below $104K as Tehran Airstrikes Send Shockwaves Through Markets

Bitcoin BTC has substantially added to earlier losses, now down more than 4% over the past 24 hours to $103,900 as Israeli forces have bombed targets in Tehran, the capital of Iran.

Bitcoin Tumbles Below $104K as Israel Strikes Iran

On Thursday, bitcoin slid into a steady decline, slipping beneath the $106,000 threshold and touching a fresh intraday low of $105,798. By 7:30 p.m. Eastern time on June 12, the top cryptocurrency had dropped 2.3% against the greenback. Bitcoin's Slump Sends Waves Through $3.

Bitcoin Tumbles Below $106K as $645M in Liquidations Rattle Crypto Markets

A Coinbase analyst warned that the trend of publicly traded companies whipping up Bitcoin treasuries could trigger “systemic risks” for all of crypto.

'Attack of the Clones': Coinbase Raises Alarm on Risks With Bitcoin Treasury Model

Bitcoin Magazine Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz Mike Novogratz, in an interview with CNBC, said “there have been more Bitcoins lost than will be mined for the rest of eternity." This post Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz

The executive is not the first Bitcoin bull to suggest that the asset's price will continue to rise well beyond its current value.

Galaxy's Novogratz suggests Bitcoin hits $1 million if adoption trend perists

Dogecoin

Long position liquidations are rapidly piling up as Bitcoin, Ethereum, Dogecoin, and Solana losses accelerate Thursday.

Crypto Longs Get Rekt as Bitcoin, Ethereum and Dogecoin Dive

Coinbase announced the launch of its first credit card, the Coinbase One Card, on the American Express network during its State of Crypto conference. US Coinbase One Members Get First Dibs on the Bitcoin Rewards Card The card will offer up to 4% bitcoin ( BTC) back on purchases.

Coinbase, American Express Launch Bitcoin Rewards Credit Card

Cryptocurrencies were broadly lower on Thursday, with the selloff picking up steam in the early U.S. evening hours.

Crypto Cracks Late in Day, Bitcoin Slumps Below $106K

Crypto exchange Coinbase is planning to launch a credit card that offers bitcoin BTC cashback, the company said on Thursday.

Coinbase to Launch Bitcoin Rewards Card With Amex, While Eyeing U.S. Futures Expansion

Bitcoin Magazine Coinbase Announces Bitcoin Rewards Credit Card, Offering up to 4% BTC Back on Everything Coinbase is launching its first-ever branded credit card in partnership with American Express, set to roll out this fall. Called the Coinbase One Card, it will be available only to U.S. members of Coinbase One, the platform's monthly subscription service.

Coinbase Announces Bitcoin Rewards Credit Card, Offering up to 4% BTC Back on Everything

Analyst and trader Michaël van de Poppe is offering his outlook on Bitcoin (BTC) and two other crypto assets amid a market recovery. Van de Poppe tells his 791,900 followers on the social media platform X that Bitcoin is in the first phase of consolidation after breaking out from the $106,500 price level.

Crypto Trader Michaël van de Poppe Says Bitcoin on Cusp of Breakout, Updates Outlook on Ethereum and Bittensor

Coinbase will launch the Coinbase One Card, an American Express-powered credit card that rewards users with bitcoin, this fall.

Coinbase unveils an American Express-powered credit card offering up to 4% in BTC rewards

A widely followed crypto analyst says that Bitcoin (BTC) is displaying early warning signs of an upcoming pullback.

This Factor Could Be Sending an ‘Early Warning Sign' for Bitcoin, According to Trader Justin Bennett

DDC Enterprise Ltd. increased its bitcoin holdings by purchasing an additional 38 coins this week, the NYSE-listed Chinese company announced Thursday. DDC Enterprise: Bitcoin Holdings Reach 138 BTC After New Buy The acquisition raises DDC‘s total corporate bitcoin treasury to 138 BTC worth $14.85 million.

NYSE-Listed DDC Increases Bitcoin Treasury by 38 Coins, Yield Up 22%

This week's top Myriad markets include predictions on Fartcoin, Strategy's Bitcoin treasury plans, and FIFA Club World Cup.

Myriad Moves: Will Strategy Boost Its Bitcoin Buys? Also Predictions on Fartcoin's Rise and FIFA Club World Cup

Bitcoin Magazine France's The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy Adam Back, TOBAM and Ludovic Chechin-Laurans back ALTBG with €9.7 million in equity and convertible bonds. This post France's The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

France's The Blockchain Group Secures €9.7 Million More For Its Bitcoin Treasury Strategy

Another inflation indicator, the Producer Price Index (PPI) came in lower than expected for May, prompting a verbal assault on Jerome Powell by the president, as bitcoin shed roughly 1%. Trump Roasts Jerome Powell As Bitcoin Drops “We're going to spend $600 billion a year because of one numbskull.” Those were the words of U.S.

Bitcoin Dips and Trump Calls Jerome Powell a ‘Numbskull'

GameStop (GME) stocks are falling following the announcement of a proposal to potentially purchase more Bitcoin (BTC). Yesterday, GameStop announced a proposed private offering of $1.75 billion worth of senior convertible notes. “GameStop Corp. (NYSE: GME) (‘GameStop') today announced that it intends to offer, subject to market conditions and other factors, $1.

GME Tumbles After GameStop Announces Proposed $1,750,000,000 Convertible Bond Offering To Possibly Buy More BTC: Report

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

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