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Using Bitcoin Bridging Assets Can Create Additional Tax Liabilities

The project’s goal is simple: treat every blockchain as one cohesive runtime. Its protocol passes signed messages among chains so developers don’t need wrapped assets, bridges or custodial middlemen. Instead of constantly switching networks and wallets, users just make one move, and GVNR handles the rest behind the scenes. Avoiding bridges and wrapping tokens can eliminate the tax risks; in fact, few understand that bridging assets can trigger a tax liability.

https://cointelegraph.com/news/this-protocol-aims-to-unify-the-fragmentation-of-web3-and-unlock-bitcoin-defi-for-every-chain

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6M Raised To Defend Bitcoin From Quantum Attacks

Project Eleven, a development firm focused on post-quantum cryptography, raised $6 million to help secure Bitcoin and other digital assets against future quantum computing threats.

According to a Thursday announcement shared with Cointelegraph, the funding round was co-led by leading Web3 investor Variant Fund and quantum tech investor Quantonation, among others. It marks Quantonation’s first investment in the crypto space.

Project Eleven CEO Alex Pruden said the funding will allow the company to build “the tools, standards and ecosystem required to ensure digital assets remain secure in a post-quantum world.”

According to Eleven Labs and YCharts data cited by Project Eleven, “There are currently 10,095,693 Bitcoin addresses with a non-zero balance and an exposed public key, putting a total of 6,262,905 BTC — worth about $648 billion — at risk of a potential quantum attack.”

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Kraken Launches New Bitcoin Staking Product

Crypto exchange Kraken has launched a new Bitcoin staking product through a protocol integration with Babylon Labs.

In a Thursday announcement, Kraken said it has partnered with the Bitcoin $104,545

staking protocol Babylon. The integration allows the exchange’s users to earn interest on their Bitcoin holdings without the need for bridging, wrapping or lending.

Kraken customers can use the service starting today by staking their Bitcoin without interacting with off-exchange wallets. The Bitcoin is locked in a vault on the Bitcoin blockchain and delegated to secure proof-of-stake (PoS) networks through the Babylon protocol.

The rewards are not paid in Bitcoin; users earn Babylon’s BABY token. The BABY price has increased by nearly 5% since the announcement, according to CoinMarketCap.

https://cointelegraph.com/news/kraken-launches-bitcoin-staking-babylon

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Rising Fears Of A Bitcoin Price Crash

The bitcoin price plummeted toward $100,000 per bitcoin at the beginning of the latest Israel-Iran conflict, with a serious Coinbase warning further weighing on the bitcoin price.

Now, after a bitcoin price rebound fails to hold despite a surprise crypto market prediction by U.S. Treasury secretary Scott Bessent, analysts are warning that the rising risk of Iran closing the Strait of Hormuz key global oil market passage could spark a fresh round of crypto volatility.

https://www.forbes.com/sites/digital-assets/2025/06/17/big-risk-surprise-bitcoin-price-crash-fear-emerges/

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Company Acquires $20M Worth Of Bitcoin To Bolster Healthcare Treasury Strategy

Prenetics Global Limited (NASDAQ:PRE) announced on Wednesday that it had completed a $20 million in Bitcoin (CRYPTO: BTC/USD) purchase of 187.42 BTC at an average price of $106,712 per Bitcoin via a Kraken custody account.

The move follows divestitures that strengthened Prenetics’ pro-forma cash to approximately $66 million and Pro-forma cash, BTC and short-term assets to roughly $117 million.

https://finance.yahoo.com/news/prenetics-acquires-20-million-bitcoin-125113626.html

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Chinese Bitcoin Mining Firms Setting Up Plants In The US

The world's three best-selling makers of bitcoin mining machines - all of Chinese origin - are setting up manufacturing footholds in the United States as President Donald Trump's tariff war reshapes the cryptocurrency supply chain.

Bitmain, Canaan and MicroBT build over 90% of global mining rigs - essentially computers dedicated to number-crunching that produces bitcoin. Establishing U.S. bases could shield them from tariffs but risks stoking security concerns the U.S. has with China in areas as varied as chip making and energy security.

https://www.reuters.com/world/china/dominant-chinese-makers-bitcoin-mining-machines-set-up-us-production-beat-2025-06-18/

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The Fiat, Fake Money System Is A Scam

Mexican billionaire Ricardo Salinas says the fiat money system is collapsing under the weight of its own contradictions, and that Bitcoin and gold remain the only lifelines for savers and investors.

“Fiat money is a fraud,” Salinas said in a new interview with Kitco News. “It’s a scam. It’s fake money. And it’s coming to an end.”

https://www.kitco.com/news/article/2025-06-16/fiat-fraud-ricardo-salinas-says-bitcoin-and-gold-are-only-way-out

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Strategy Buys Another $1.05B A Worth Of Bitcoin

Strategy (MSTR), the largest corporate holder of bitcoin, reported in a filing to the Securities and Exchange Commission on Monday that it purchased another $1.05 billion worth of bitcoin.

Shares of Strategy, a small software company turned crypto giant chaired by crypto tycoon Michael Saylor, fell 0.4% in early trading Monday after rising as much as 1.4%, while the broader S&P 500 (^GSPC) rose 1%.

https://finance.yahoo.com/news/michael-saylors-strategy-buys-another-105-billion-of-bitcoin-140056131.html

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Bitcoin Prices Remain Steady

Bitcoin (BTC) held broadly steady in today’s trading, falling just 1.3% to $105,552 in the past 24 hours, amid ongoing tensions in the Middle East.

This continues what has been a relatively stable month for BTC, which has gained 1.6% in the past 30 days despite ongoing Trump administration tariff fears, according to CoinGecko data—though it still remains over $5,000 shy of the $111,970 all-time high it hit on May 22, 2025.

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Bitcoin Mining Difficultly Slips

Bitcoin’s mining difficulty fell slightly on Saturday after hitting an all-time high of 126.9 trillion on May 31 at the start of the previous difficulty adjustment period.

The Bitcoin mining difficulty level currently stands at roughly 126.4 trillion, according to data from CryptoQuant.

Higher mining difficulty and network hashrate, which is a separate but related measure of the total computing power securing the Bitcoin protocol, both translate into increased miner competition and higher production costs.

Miners continue to face financial pressures from the reduced block reward following the April 2024 halving, rising operational costs, and increased mining difficulty, which have changed the calculus for mining companies struggling to remain profitable.

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Strategy’s Bitcoin Approach Could Hurt Its Stock Down The Road

One of the hottest tech stocks in recent years has been MicroStrategy (NASDAQ: MSTR), which has rebranded itself as just Strategy. And a huge reason for its rally has been due to its bullish position on Bitcoin (CRYPTO: BTC) and its continual stockpiling of the digital currency. With the cryptocurrency soaring in value in recent years and breaching the $100,000 mark, Strategy has benefited from that excitement.

But there's a fundamental problem with this approach. While it seems like a great way to benefit from the cryptocurrency's rising value, simply loading up on Bitcoins may not necessarily result in a higher share price for Strategy. In fact, it could end up hurting the stock down the road.

https://finance.yahoo.com/news/fundamental-problem-microstrategys-bitcoin-buying-085500813.html

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Public Companies Must Weigh Risks Of Accumulating Bitcoin

Public companies buying up Bitcoin should consider sunsetting the tactic altogether if their stock prices drastically drop, according to a VanEck executive who warns that a major Bitcoin-scooping firm is close to being caught out.

“As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near NAV [net asset value], continued equity issuance can dilute rather than create value,” VanEck's head of digital assets research, Matthew Sigel, said in an X post on Monday.

He added that no public company has traded below the net asset value of its Bitcoin for a sustained period, but that Semler Scientific, Inc. (SMLR) “is now approaching parity.”

https://cointelegraph.com/news/bitcoin-buying-firms-weigh-stopping-risks-emerge-vaneck

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Bitcoin Overtakes Meta Now Valued At $2.1T

Bitcoin has overtaken big names like Meta and Tesla and is now valued at $2.1 trillion compared, similar to Alphabet’s valuation.

https://www.visualcapitalist.com/how-big-is-bitcoin-compared-to-the-worlds-largest-companies/

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Both Gold and Stocks Racing Ahead

U.S. stocks, bitcoin and gold on Thursday were all racing toward all-time highs — an unusual development, as investors attempt to navigate a new and uncertain era in global financial markets.

Their convergence on the path to record highs has occurred only once since 2014, when the S&P 500 each closed at their respective peak levels on March 7, 2024, according to the Dow Jones Market Data.

However, the catalyst this time looks to be different, with focus now on a signs that global investors want to trim their exposure to U.S. assets in President Donald Trump’s second term. His policy agenda has sparked trade uncertainty around the world, while domestically it looks poised to add to the U.S. deficit.

https://www.marketwatch.com/story/stocks-bitcoin-and-gold-are-racing-to-record-highs-heres-whats-behind-this-rare-convergence-83990dc8

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Potential Volatility Ahead For Bitcoin

Bitcoin price has consistently risen, even as trading volumes dropped to their lowest levels since the start of the 2023–2026 cycle. Retail investor activity is subdued, and funding rates in perpetual swaps recently brushed against negative territory. It’s an unusual backdrop for a price pushing toward all-time highs.

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Strategy’s Last Four Years Of Accumulating Bitcoin Proves To Be Profitable

The mini rally in Bitcoin over the past few trading sessions has made every purchase of the cryptocurrency by Michael Saylor’s Strategy over the last four plus years profitable.

https://finance.yahoo.com/news/bitcoin-rally-means-strategy-purchases-163953211.html

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Bitcoin Continues To Rise As Companies Tokenize Their Balance Sheets

Bitcoin (BTC-USD) climbed toward a new high on Tuesday as investors continue to bet on the Trump administration's friendly stance toward the crypto industry and companies increasingly add the token to their balance sheets.

As of 1 p.m. ET, the token was trading just below $109,000, roughly $3,000 away from touching its all-time intraday high in May.

Greater adoption of the token has been driven in part by dozens of public companies getting on the bitcoin bandwagon.