Michael Saylor · Bitcoin · Strategy · The Information · 99Bitcoins
Crypto News Today (June 19): BTC Crashes Below $64K, Kalshi IPO Rumors Begin and G7 Leaders Target North Korean Crypto Hackers
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In crypto news today (June 19), Bitcoin has fallen another -2% overnight, dropping below $64,000, with ETF flows bleeding once more, while Michael Saylor’s STRC stock continues to crash, fueling fears that Strategy will be forced to dump Bitcoin to stabilize the STRC price.
Key facts
- In crypto news today (June 19), Bitcoin has fallen another -2% overnight, dropping below $64,000, with ETF flows bleeding once more, while Michael Saylor’s STRC stock continues to crash, fueling
- Liquidations have picked up, with over $452M over the past 24-hours and more worryingly, $361M of that figure coming from long positions
- This renewed call comes after several significant incidents suspected to be linked to North Korean actors, including the approximately $285M exploit of Drift Protocol in April and the $36M breach
- In May, the platform successfully raised $1Bn in a Series F funding round, bringing its valuation to $22Bn
Summary
Crypto News Today: Kalshi Eyeing IPO, Valued at $22Bn as Annualized Revenue Hits $2Bn. Liquidations have picked up, with over $452M over the past 24-hours and more worryingly, $361M of that figure coming from long positions. While most the market is red on the day, Stellar (XLM) and Algorand (ALGO) are defying the odds, up +7.5% and +5%, respectively. The Fear & Greed Index is another signal that investors aren’t as optimistic as they were earlier in the week, dropping to 14/100 from 22/100 on Wednesday.