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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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U.S. bitcoin ETFs see strongest inflows for over a month as BTC dominance hits 60%
Fidelity's FBTC recorded a top five inflow day as the ETFs took in a combined $457 million amid sharp BTC price swings.
What to know:
- U.S. spot bitcoin ETFs recorded $457.3 million in net inflows on Wednesday, the strongest daily intake since Nov. 11.
- Fidelity Wise Origin Bitcoin Fund led with a $391.5 million inflow which is a top five inflow day for FBTC.
- Bitcoin dominance rose to 60%, its highest level in a month.
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