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Bitcoin News Roundup for June 2, 2020
With the price of bitcoin briefly breaking above $10,000, CoinDesk's Markets Daily is back!
Updated Dec 6, 2022, 6:28 p.m. Published Jun 2, 2020, 4:00 p.m.
With the price of bitcoin briefly breaking above $10,000, CoinDesk's Markets Daily is back!
STORY CONTINUES BELOW
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This episode is sponsored by Bitstamp and Ciphertrace.
BitMEX Sees Biggest Short Squeeze in 8 Months After Bitcoin Surge
A big short squeeze has taken bitcoin passed a major psychological hurdle – some think its the start of a breakout.
Bitcoin Rises Above $10K for First Time in 25 Days as Protests Roil US Cities
Bitcoin has risen above $10,000 for the first time in almost a month as protests in U.S. cities continue to intensify.
Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO
Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner.
Maker of Coldcard Bitcoin Wallet Rolls Out an Extra-Strength 'USB Condom'
CoinKite, maker of the Coldcard hardware wallet, has introduced two accessories that underscore the near-paranoia required to safely hold bitcoin.
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Gold wins the debasement trade in 2025, but it is not the full story
U.S. bitcoin ETF AUM fell less than 4% despite a 36% price correction from the October high.
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- Bitcoin corrected 36% from its October all-time high, while U.S. spot bitcoin ETF holdings declined by only about 3.6%, from 1.37M BTC in October to roughly 1.32M BTC.
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