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Bitcoin Holds around $105K Despite Donald Trump’s Threats Against Elon Musk

Bitcoin remains above $105K as Trump threatens Elon Musk in a high-profile feud, showing crypto's resilience amid political drama and rising market tension.

Stablecoin Firm Circle Adds to Stellar First Day Gains

Stablecoin issuer Circle Internet Corp.'s shares climbed around 10% in overnight trading after jumping 29% on Monday, extending a stellar run after a blowout market debut on the New York Stock Exchange on Thursday.

The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-driven volatility.

"This is big enough that it extends beyond crypto," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs.

Michael Saylor’s Cryptic ‘Send More Orange’ Signals Another Possible Bitcoin Buy

Largest Bitcoin corporate holder Strategy’s executive chairman, Michael Saylor, is up with another post on X, signalling a possible fresh Bitcoin acquisition.

On Sunday, he posted a chart of the company’s BTC holdings, touting that Strategy aims to increase its Bitcoin purchases.

“Send more Orange,” his message read, as Orange is widely recognized as a symbol for Bitcoin among the crypto community.

Bitcoin Buyer Metaplanet Jumps on $5.4 Billion Fundraising Plan

Metaplanet Inc.’s plan to raise about $5.4 billion to add to a Bitcoin stockpile that’s already worth close to $1 billion saw the company’s shares jump on Monday.

Metaplanet on Friday announced a stock acquisition rights program that it claimed is the largest in Japanese capital markets history, according to a post on X. The firm, a hotelier-turned-Bitcoin-buyer, expects to accumulate 210,000 Bitcoin by the end of 2027, many times the 8,888 it currently holds. Its shares — which have proven highly volatile since it pivoted into crypto in early 2024 — rose as much as 22% on Monday morning in Tokyo, according to data compiled by Bloomberg.

Deutsche Bank Explores Stablecoins and Tokenized Deposits

Deutsche Bank AG is examining stablecoins and different forms of tokenized deposits, as large financial institutions grow more confident expanding in the digital-asset sector.

Germany’s largest lender is evaluating stablecoin options, which could include issuing its own token or joining an industrywide initiative, Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation, said in an interview. The bank is also assessing whether to develop its own tokenized deposit solution for use in payments, he added.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Friday(June 6) was $47.82 million. The total net asset value of Bitcoin spot ETFs is $125.58 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.05%.

The Bitcoin spot ETF with the highest net inflow on June 6 was BITB , with a net inflow of $31.81 million.