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2nd highest weekly close ever — 5 things to know in Bitcoin this week

BTC price action is busy making impressive achievements despite staying rangebound below all-time highs — but Bitcoin volatility catalysts are right around the corner. Source link

Singapore alerts businesses to Bitcoin ransomware risk

Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately. Source link

South Korea labels mass-produced NFTs as virtual assets

NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023. Source link

Bitcoin ETFs sucked up 2 months of BTC mining supply last week

In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May. Source link

Boomers hold the key to wealth, even in cryptocurrency

Baby boomers hold $68 trillion in assets in the United States alone. Will that cash continue trickling into cryptocurrency markets for the foreseeable future? Source link

BNB, TON, FIL, and INJ can go much higher if Bitcoin price flips $69K

Bitcoin is trying to flip the $69,000 level into support, and if it does, BNB, TON, FIL and INJ may move higher. Source link

Bitcoin volatility hovering within 6% of record low levels

Before the June 7 price decline, Bitcoin’s volatility over the previous 15-day period sat within “the bottom 6% of occurrences.” Source link

Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2-8

GameStop trader Roaring Kitty sees his GME stake rise to $1 billion, Bitcoin open interest spikes and new U.S. laws target digital assets. Source link

Crypto enthusiasts warn against naira trade ban on exchanges

Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms providing cryptocurrency services. Source link

Bitcoin return to $71K would wipe $1.38B shorts

If Bitcoin returns to the price it has been hovering around for the previous two days before the slight dip, it would wipe a considerable amount of short positions. Source link