Bitcoin revives Kalshi's activity and propels its weekly open interest to a record level. Behind this figure, a trend is emerging: predictive markets are becoming a new thermometer for crypto sentiment.
Strategy secured approval to pay STRC dividends twice monthly as its bitcoin holdings climbed to 845,256 BTC. The move follows recent treasury activity and could reshape how income investors view the company's preferred stock.
Barstool Sports founder Dave Portnoy called on Michael Saylor, the head of the largest Bitcoin treasury company, MicroStrategy, to increase the scale of the company's Bitcoin purchases, posting the meme "MORE!" as a reaction to the official announcement that MicroStrategy had acquired 1,550 BTC more over the past week.
Bitcoin traders are preparing for a series of U.S. inflation reports this week that could determine whether the crypto asset can hold its recent recovery from the $60,000 area or face another wave of selling pressure.
Crypto ETF flows stayed under pressure from June 1 to June 5, with bitcoin funds posting a fourth straight week of withdrawals and ether ETFs also ending firmly negative. The weakness was not uniform, however, as HYPE and XRP ETFs drew inflows while solana slipped back into redemptions. Bitcoin and Ether ETFs Lose $1.
Strategy resumes Bitcoin buying with a $101M purchase, signaling confidence amid market fear.
CME's bitcoin volatility index futures began trading last week, with Monarq Asset Management and DV Chain executing the first block trades. The contracts track the CME CF Bitcoin Volatility Index, reflecting expected four-week BTC volatility and letting traders position for movement rather than price direction.
The main driver behind bitcoin's weakness was ETF selling after red-hot April U.S. inflation data, 10x's Markus Thielen argued. The bounce may hinge on Wednesday's CPI data, he said.
CME Group has officially launched Bitcoin Volatility Index (BVX) futures, introducing a new regulated trading instrument that allows investors to trade and hedge Bitcoin volatility directly rather than speculate on price direction. The first block trades were completed by DV Chain and Monarq Asset Management, marking the debut of the new crypto derivatives product.
Strategy (NASDAQ: MSTR), the largest corporate holder of Bitcoin, has expanded its cryptocurrency portfolio with the purchase of 1,550 BTC valued at approximately $101 million, according to an announcement from Executive Chairman Michael Saylor on Monday. The latest acquisition increases the companys total Bitcoin holdings to 845,256 BTC, reinforcing its position as a leading institutional investor in the digital asset market.
Strategy's stockpile was $10.7 billion underwater as of Monday morning after Bitcoin hit its lowest price since October 2024.s
Following Bitcoin's rebound from last week's dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand, cautious investor sentiment, and broader market uncertainty continue to weigh on the price action.