News & Research

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), announced on X on June 22, that Strategy holds 592,345 BTC acquired at an average of $70,681, with a 19.2% year-to-date return on its Bitcoin holdings.

Crypto investment firm Unicoin has agreed to acquire a 51% stake in Diamond Lake Minerals, rebranding it as DiamondLake and focusing on building a treasury of emerging altcoins, according to CoinDesk. The move follows a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Unicoin and its executives for alleged securities fraud.

Ethereum’s (ETH) recent price drop isn’t over, as its value is still heavily influenced by speculative futures trading, according to Matrixport on X. With leverage levels elevated and no strong fundamental backing, ETH remains at risk of further declines, especially following its sharp fall in recent days.

BlackRock’s ETHA fund deposited 8,172 ETH (around $18.4 million) to Coinbase Prime about 90 minutes ago, marking its first selling activity after over a month of steady accumulation, according to Lookonchain on X.

Glassnode noted on X that Bitcoin’s short-term holder cost basis is around $98,100. Although recent price dips bounced near this level, heavier supply between $97,000 and $98,000 suggests this area may serve as a crucial support point in the next market downturn, especially as pressure mounts on newer investors.

Self Chain (SLF) has terminated CEO Ravindra Kumar following accusations of his involvement in a fraudulent $50 million crypto over-the-counter (OTC) scheme. According to The Block, the scheme reportedly used new deposits to cover older promises in a Ponzi-like structure. Kumar denied the allegations, calling them “completely false,” while the blockchain project announced a leadership transition.

Sequans Communications, a provider of 5G/4G IoT semiconductors, has announced plans to raise $384 million for a Bitcoin treasury initiative, according to a press release on Newsfile. The company will issue $195 million in equity securities and $189 million in convertible secured debentures. It aims to partner with Swan Bitcoin for treasury management, while continuing its core business in cellular IoT development.

Binance Alpha, a platform within Binance Wallet that showcases early-stage crypto projects, will add Mango Network (MGO), according to an X post by Binance. Binance Alpha selects tokens based on community engagement and market trends among emerging projects. However, inclusion does not guarantee a future listing on the exchange.

Macro economist and trader Henrik Zeberg said on X that he expects markets to rise slightly before entering a sharp correction in late July or early August, which he calls the "Summer Doldrum." He forecasts a strong final rally afterward, leading to a market blow-off top.

Despite rising Middle East conflict and a bearish market stance from top crypto traders, Ether (ETH) whales are making massive leveraged bets on a price rebound, according to Cointelegraph. One investor opened a $101 million long position at $2,247, risking liquidation below $2,196. Another moved $40 million in ETH off Binance Exchange. While most traders expect further corrections, staked ETH hit an all-time high of 35 million, suggesting long-term holding sentiment.