Assessing the potential market volatility ahead of $13 billion worth of supply pressure.
Around 30,700 Bitcoin options contracts will expire on Friday, June 6, and they have a notional value of roughly $3.2 billion. This week’s event is much smaller than last week’s end-of-month expiry, so the impact on spot markets is likely to be minimal. They have already tanked by $150 billion over the past twelve hours. Crypto Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.76, meaning that there are slightly more long contracts expiring than shorts as sentiment cools. There is also a max pain point of $105,000, around $2,000 above current spot prices, which is where most losses will be made on contract expiry. Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $115,000 strike price, which has $1.7 billion, and there is an additional $1.6 billion in OI at the $140,000 strike price as bullish speculators remain confident, according to Deribit. Options Expiry Alert At 08:00 UTC Friday, over $3.8B in crypto options are set to expire on Deribit. $BTC : $3.21B notional | Put/Call: 0.76 | Max Pain: $105K $ETH : $624M notional | Put/Call: 0.69 | Max Pain: $2,600 Calls dominate up the curve. What do you expect to… pic.twitter.com/qipjSBR43l — Deribit (@DeribitOfficial) June 5, 2025 In a market update on Thursday, crypto derivatives provider Greeks Live said the group appears predominantly bearish, “with most traders expecting a continued correction in Bitcoin despite the recent upward movement.” “Traders are watching the $105 to $109K resistance level for BTC while mentioning that volatility remains persistently low, creating challenging conditions for options traders.” They added that short call positions, especially in the $108K to $109K range for June 7 expiry, are popular as “traders expect BTC to remain under this resistance.” “Most are avoiding longing at current levels despite the temptation, with some expecting a deeper flush before considering long positions.” In addition to today’s batch of Bitcoin options, there are around 241,000 Ethereum contracts that are also expiring today, with a notional value of $624 million, a max pain point of $2,600, and a put/call ratio of 0.69. This brings Friday’s combined crypto options expiry notional value to around $3.8 billion. Crypto Market Outlook Crypto markets have tanked 5.5% on the day with total capitalization sliding to $3.3 trillion, its lowest level for almost a month. Bitcoin led the losses with a 2.7% dump to $101,000 before a slight recovery during the Friday morning Asian trading session. The asset has now lost almost 9% since its all-time high, but is teetering on support levels in six figures for now. Ethereum’s momentum has ended with a 7% dump from over $2,600 to around $2,400, where it was trading at the time of writing. The altcoins were predictably in more pain with larger losses for Dogecoin, Sui, and Shiba Inu. The post Will $3.8B Crypto Options Expiry Impact Market Momentum? appeared first on CryptoPotato .
Trump Media & Technology Group, the parent company of Truth Social, has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission following a $2.3 billion raise to build one of the largest Bitcoin treasuries. The registration, announced in a June 5 press release, is tied to recent debt and equity agreements with around 50 investors. These deals include the sale of 55.8 million common shares at $25.72 each and the issuance of $1 billion in zero-coupon convertible notes due 2028, convertible at $34.72 per share. In total, the company raised approximately $2.32 billion. According to the filing, the proceeds will be used to acquire Bitcoin ( BTC ) and support general corporate activities. Crypto.com and Anchorage Digital have been selected as custodians for the company’s Bitcoin holdings. In addition to registering roughly 56 million shares and 29 million convertible-note-linked shares for resale, the filing includes a universal shelf provision. As part of its larger growth strategy, this allows TMTG the flexibility to issue more securities in the future. The company stated it has no immediate plans to use the shelf but views it as a strategic tool for potential mergers, acquisitions, or other funding needs. You might also like: Trump Media executives launch SPAC to raise $179m for crypto and tech sectors Chief executive officer Devin Nunes said the move aligns with Trump Media’s long-term vision. “We’re systematically putting in place the elements we need to grow the Company according to our plans, acquire crown jewel assets, and draw more customers and users into the patriot economy,” Nunes stated. He also emphasized that the capital raise and Bitcoin strategy are part of the company’s efforts to maintain independence from traditional financial institutions. Trump Media has positioned the move as a defense against what it sees as discriminatory practices by banks and financial platforms. Nunes previously described Bitcoin as the “apex instrument of financial freedom,” saying it supports the company’s “America First” mission. The filing comes on the heels of Trump Media’s announced plans to collaborate with Crypto.com on new crypto exchange-traded funds and financial products. With this move, the company joins other public firms, such as Strategy and GameStop, that are leveraging capital markets to accumulate digital assets. Read more: Trump media trademarks crypto payment service ‘TruthFi’
Bitcoin’s price plunged unexpectedly, influenced by Musk and Trump's fallout. Speculation and fear drove the cryptocurrency market's reaction. Continue Reading: Chaos Erupts as Trump and Musk’s Feud Shakes Cryptocurrency Markets The post Chaos Erupts as Trump and Musk’s Feud Shakes Cryptocurrency Markets appeared first on COINTURK NEWS .
COINOTAG News reports that on June 6th, U.S. President Trump addressed his recent public disagreement with Tesla CEO Elon Musk, describing the situation as “okay” and emphasizing that progress remains
The US Department of Justice has taken action against the darknet marketplace known as BidenCash, announcing the seizure of cryptocurrency assets and 145 internet domains linked to its operations. The announcement came from the US Attorney’s Office for the Eastern District of Virginia, detailing the culmination of a coordinated investigation into a platform that had facilitated the sale of stolen credit card data and personal information to thousands of users. Crypto Seizure and Domain Takedown Launched in March 2022, BidenCash quickly emerged as a hub for illicit transactions, offering stolen payment credentials and identity data to a growing customer base . The marketplace reportedly accumulated more than 117,000 users and was responsible for the distribution of over 15 million compromised payment card numbers. The DOJ stated that BidenCash administrators collected fees on transactions and earned over $17 million in revenue during its run. As part of the enforcement effort, authorities obtained court approval to seize cryptocurrency funds that were used by BidenCash to facilitate the exchange of illicit goods and services. The specific amounts and wallet addresses involved have not been disclosed, but the government emphasized that these digital assets represented proceeds from illegal transactions conducted on the platform. Moving forward, the seized domains will be redirected to law enforcement-controlled servers, preventing further access or use. The investigation also revealed a promotional tactic used by BidenCash: between October 2022 and February 2023, the platform published 3.3 million stolen credit cards free of charge to encourage wider usage of its services. These leaked datasets contained full cardholder information, including credit card numbers, CVV codes, expiration dates, names, email addresses, and physical locations . The exposure of this information raised significant concerns around identity theft and fraud in affected jurisdictions. International Collaboration and Cybercrime Enforcement The enforcement operation was led by the US Secret Service’s Frankfurt Resident Office and the FBI’s Albuquerque Field Office, with cyber forensic assistance from the Secret Service’s Cyber Investigative Section. The case also involved international coordination with law enforcement bodies, including the Dutch National High Tech Crime Unit, The Shadowserver Foundation, and cybersecurity firm Searchlight Cyber. Officials involved in the announcement included US Attorney Erik S. Siebert, Special Agent John Szydlik of the US Secret Service, and Acting Special Agent Philip Russell of the FBI. The operation marks a continuation of US federal efforts to dismantle cybercriminal infrastructure operating on the dark web and to disrupt illegal marketplaces that rely on cryptocurrency for payments. This takedown follows other notable actions against dark web platforms in recent years, including the closures of Hydra Market and AlphaBay. Featured image created with DALL-E, Chart from TradingView
Russia is entering the cryptocurrency derivatives market, as the Moscow Stock Exchange kicked off bitcoin futures trading on June 4, limited exclusively to “highly qualified” investors. This move comes as Russia cautiously experiments with crypto-related financial instruments, amid ongoing regulatory uncertainty. These new contracts are linked to Blackrock’s bitcoin exchange-traded fund (ETF), the Ishares Bitcoin
Circle stock opened up to 68% above its $31 IPO price, indicating strong investor demand. Circle’s USDC holds a $61.5B market cap, second to Tether, but shows consistent revenue growth. Analyst Jacob Zuller expects Circle’s market share to reach 40% if U.S. stablecoin regulation advances. Circle Internet Group priced its initial public offering (IPO) at $31 per share on June 4, 2025, above its revised target range of $27 to $28. The crypto firm is now set to begin trading on the New York Stock Exchange under the ticker symbol, CRCL. Early premarket indications for the stock show a price between $50 and $52, reflecting a 61% to 68% increase over the IPO price. “Massively Oversubscribed” Offering Raises $1.1 Billion The IPO raised nearly $1.1 billion and gave Circle a market capitalization of approximately $6.8 billion at the offering price. Including options and underwriter purchases, the valuation rises to around $8 billion. One trading executive said that the offering was “massively oversubscribed,” suggesting that demand exceeded the 34 million shares offered. Circle’s listing comes as crypto assets recover. Bitcoin has gained over 35% s… The post Circle Shares Indicated at $50/$52 Versus $31 IPO Price appeared first on Coin Edition .
According to recent data from LookIntoChain, a dormant whale wallet identified by the prefix 0x6E45 has reactivated after three years, transferring an enormous volume of 100.45 trillion SHIB tokens to
The post Elon Musk vs Donald Trump: What Led To a Billion-Dollar Fallout? appeared first on Coinpedia Fintech News Elon Musk and President Donald Trump’s public clash took a dramatic turn on Friday. In a new fresh controversy, Musk has announced the immediate shutdown of SpaceX’s Dragon spacecraft, a key vehicle used by NASA. Musk Slams Spending Bill, Trump Threatens to Cut Billions Trump criticized Musk and said that the government should stop giving him billions of dollars in subsidies and contracts. It’s important to understand that NASA relies on SpaceX’s Dragon to transport astronauts to and from the ISS, under a $4.9 billion deal. It’s currently the only U.S. spacecraft that can carry humans into orbit. In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW — Elon Musk (@elonmusk) June 5, 2025 Musk Backs Off After “Team America” Moment This move would disrupt the global ISS program, with only Russia’s Soyuz as the next option. But after a user urged Musk and Trump to cool down their fights, Musk reacted, saying, “Good advice. Ok, we won’t decommission Dragon.” Soon after, he posted a photo of the US flag with the Dragon spacecraft in the background, saying “Team America”. Team America https://t.co/Y127aEcTwH — Elon Musk (@elonmusk) June 6, 2025 This came after President Trump warned he might cancel government deals with Musk and Tesla, after the billionaire strongly criticised the President’s tax and spending plans. Musk was disappointed by the massive spending bill because he claimed that it increases the budget deficit instead of reducing it, and it goes against the efforts of the DOGE cost-cutting team he led. Their clash started a day earlier during a tense Oval Office meeting. Trump expressed disappointment, saying that Musk had previously supported a key government spending bill but suddenly changed his mind. For the unversed, Trump had given Musk a big farewell as he wrapped up his role leading the government’s cost-cutting team, DOGE. But Musk said that it wasn’t true that he saw the bill before it passed. He added “Whatever” along with a video where Trump said Musk was upset about losing electric vehicle subsidies. Musk even said that Trump wouldn’t have won the election without his help, pointing out he was Trump’s biggest campaign donor, giving almost $300 million. Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill. In the entire history of civilization, there has never been legislation that both big and beautiful.… — Elon Musk (@elonmusk) June 5, 2025 JD Vance Sides with Trump Vice President JD Vance said he is “proud to stand beside” President Trump, calling him a trusted leader. This came after Musk backed calls for Trump to be impeached and replaced by Vance. The clash has also turned personal now as Musk has recently fired back with an unverified claim linking Trump to Epstein documents, adding fuel to the fire. One user on X joked, “The big beautiful bill led to the big beautiful breakup,” over the tussle between the two. Despite the heated tensions, when billionaire investor Bill Ackman urged the two to “make peace for the good of the country,” Musk replied, “You’re not wrong.” Tesla Tanks 8% Tesla shares dropped sharply, falling 8% after Musk’s comments. The shares were down 15% on Thursday. Musk has also warned that the President’s tariffs, which shook global markets, might cause a recession in the second half of the year.