befla – Page 10 – BEFLA

Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto

2026-06-10, 1:26 AM by befla

Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market. The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had … Read more

FTX token (FTT) spikes 50% as Sam Bankman-Fried seeks presidential pardon

2026-06-10, 1:26 AM by befla

Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, is serving a quarter-century in federal prison for orchestrating one of the largest financial frauds in US history. Yet, crypto speculators are wagering that a newly filed presidential pardon application could somehow reverse his fortunes. This week, the disgraced FTX founder officially requested executive … Read more

World Cup prediction markets hit $2B before kickoff as Spain and France go head to head

2026-06-10, 1:26 AM by befla

The FIFA World Cup has become a multibillion-dollar trading event before its June 11 kickoff, with prediction-market traders nearly split on whether Spain or France should be treated as the team to beat in the tournament. Polymarket data show Spain and France each trading near a 16% implied chance of winning the tournament, ahead of … Read more

Trump family’s $2.3B crypto windfall matched by $2.25B in investor losses, Reuters finds

2026-06-10, 1:26 AM by befla

President Donald Trump’s family has turned crypto into one of the most lucrative businesses tied to its name, outpacing some of the companies that spent years building the digital asset market. Between the post-election momentum of November 2024 and April 2026, ventures tied to the US President generated roughly $2.3 billion in pretax crypto income, … Read more

Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned

2026-06-09, 5:26 PM by befla

Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios. Data from CryptoSlate shows that the second-largest cryptocurrency fell to as low as $1,506 during the last 24 hours, its weakest level since April 2025, extending a broad crypto selloff … Read more

A needed $900B Treasury cash rebuild could quietly drain the liquidity Bitcoin needs

2026-06-09, 5:26 PM by befla

Bitcoin traders have spent the past week bracing for the wrong kind of surprise, watching rate-cut bets evaporate as a run of firm labor data pushed the odds of a Federal Reserve hike by year-end toward 85% and dragged the 10-year Treasury yield up near 4.5%. Understandably, it dominates the screens, given how much of … Read more

AI’s $800 billion spending boom is becoming Bitcoin’s Fed problem

2026-06-09, 5:26 PM by befla

For the better part of two years, Wall Street has treated AI as the most bullish trade on the board, a growth engine that turbocharges earnings, underwrites stretched valuations, and promises a productivity windfall somewhere down the road. However, the Fed has access to the same numbers and seems to be more inclined to treat … Read more

May jobs report explained: Why 172,000 jobs means higher rates, pricier loans, and a Bitcoin drop

2026-06-09, 5:26 PM by befla

The US economy added 172,000 jobs in May, more than double the 80,000 that Wall Street economists had expected, and the unemployment rate held at 4.3%. The Bureau of Labor Statistics (BLS) also revised March and April higher by a combined 93,000 positions, which left the spring looking much stronger than anyone believed a month … Read more

Bitcoin price craters to $60,000 as BTC bulls get jobs report they were hoping to avoid

2026-06-09, 5:26 PM by befla

Bitcoin fell after the May US labor report gave markets a reason to delay the next Federal Reserve easing trade, turning a stronger jobs number into a tighter-liquidity problem for crypto. The May Employment Situation report said nonfarm payroll employment rose by 172,000 in May, while the unemployment rate held at 4.3%. TradingEconomics release-screen data … Read more

Bitcoin crashed and flushed leverage out, but is the bottom here yet?

2026-06-09, 5:26 PM by befla

Bitcoin just tested an intraday low of $61,349, triggered roughly $1.76 billion in liquidations with long positions absorbing more than $1.5 billion of that total, and then bounced toward the mid-$63,000s. Funding rates flipped deeply negative, open interest reset sharply, and the Crypto Fear & Greed Index fell to 12, a level in extreme fear … Read more