Marathon Digital Holdings, the US public bitcoin-mining company with the largest hashrate, has acquired 1,000 BTC for $66.7 million. The average purchase price was $66,700 per coin. According to the Lookonchain platform, the deal went through FalconX, a trading venue for corporate clients. After this purchase, the volume of bitcoins on the American…

Analysts at market maker Wintermute have said that the crypto market has moved into a consolidation phase after a sharp drop, and that a sustainable recovery is only possible if institutional capital returns. In their view, the current rally is merely a technical bounce, while the key indicators remain flows into spot bitcoin ETFs, stablecoins and…

The French company Capital B plans to launch a credit instrument modeled on Strategy's STRC. According to the firm's director of Bitcoin strategy, Alexandre Laizet, a shareholders' meeting on this matter will be held on June 17. Put to a vote is a mandate to increase capital up to €5 billion and to issue credit instruments with a nominal amount of up to €100 billion…

Cardano's Leios protocol has reached 705,000 lines of code, the testnet is scheduled for June 23, but ADA is trading 94% below its 2021 all-time high, despite the spike in volume.

The digital asset market rose amid US inflation data and news of a preliminary agreement between the US and Iran. Wintermute experts pointed this out.