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BlackRock IBIT Sheds $1 Billion in Bitcoin as Larry Fink Quote Misleads Traders

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Bitcoin (BTC) Price Performance.

BlackRock-linked wallets sold $1.01 billion in Bitcoin (BTC) across five trading days last week, a wave of selling that surfaced just as a viral clip of Larry Fink praising crypto recirculated.

The juxtaposition drives notable debate as BTC holds near $77,000, suggesting other buyers absorbed the supply pushed out by iShares Bitcoin Trust (IBIT) redemptions.

Bitcoin (BTC) Price Performance.
Bitcoin (BTC) Price Performance. Source: BeInCrypto

Old Quote Meets Fresh BlackRock Outflows

The Larry Fink soundbite currently going around is months old. The clip in which he calls crypto “not a bad asset” with “a role” alongside gold comes from a CBS 60 Minutes segment that aired in October 2025.

With the soundbite making headlines alongside BlackRock redemptions, institutional endorsement is now pitted against redemption data that pointed the other way.

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Fink’s broader stance has not shifted. Past Fink crypto comments lean heavily on tokenization of real-world assets, with Bitcoin ETFs positioned as the entry point.

“I’m a believer because I believe it is an alternative source for wealth holding. I don’t believe [Bitcoin] will ever be a currency. I believe it is an asset crass. But, we will create digital currencies and we will use the blockchain,” Fink said in a 2024 interview.

The recycled clip aligned with that long-running view.

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Flows Reveal Client Behavior, Not Strategy

The IBIT sales are mechanical. When investors redeem ETF shares, the fund sells underlying Bitcoin to cover the exit. That makes the $1.01 billion figure a measure of client withdrawals, not a BlackRock directional bet.

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IBIT still holds one of the largest BTC stockpiles globally, a position built during its record inflow streaks.

BlackRock Bitcoin Holdings
BlackRock Bitcoin Holdings. Source: BlackRock

The redemption wave followed weeks of mixed ETF sentiment swings as higher Treasury yields pushed risk-off behavior.

Earlier in May, IBIT also recorded a record IBIT outflow day, per SoSoValue.

BlackRock’s IBT ETF Flows in May 2026. Source: SoSoValue

Whether last week’s outflows mark short-term profit-taking or a deeper macro shift will become clearer this week.

The post BlackRock IBIT Sheds $1 Billion in Bitcoin as Larry Fink Quote Misleads Traders appeared first on BeInCrypto.

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Paradigm Leads $9 Million Round in Latin American Stablecoin App El Dorado

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Paradigm Leads $9 Million Round in Latin American Stablecoin App El Dorado


Paradigm has led a roughly $9 million funding round in El Dorado, a stablecoin-powered payments application built for Latin America. The deal pushes one of crypto's largest venture firms deeper into dollar-rails for emerging markets. The round was reported by The Block, which said Paradigm led the… Read the full story at The Defiant

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Charles Hoskinson Stands On $70M BTC Payment From 2016 Manx Entity: Critics Want the Paper Trail

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Cardano News: Charles Hoskinson is defending a 1,096 BTC allocation from Cardano’s early foundation structure, an amount worth roughly $454,000 when it was moved in March 2016 and approximately $70 million at current prices.

Hoskinson, speaking in a weekend video AMA focused on governance and treasury management, frames it as payment for a legitimate audit of the original ADA token crowdsale.

The asset appreciation is the problem: a plausible 2016 expense has become a $70 million line item with no public paper trail.

Thomas Braziel, Founder and Managing Partner of 117 Partners, is not accepting the narrative at face value.

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Braziel wants invoices, service agreements, corporate approvals, payment records, and a custody trail showing which entities held the private keys.

His position, stated plainly: “The question was never whether audits cost money. The question was where 1,096 BTC went, who received it, and why.” That gap between Hoskinson’s explanation and verifiable documentation is what’s driving the dispute – and it is becoming one of the most visible crypto governance disputes of 2026.

Discover: The Best Crypto to Diversify Your Portfolio

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Cardano News: Hoskinson’s Audit Defense, Three Reviewers, One 2016 BTC Allocation

Hoskinson’s account is specific. He traces the 1,096 BTC to a March 2016 request from Michael Parsons, then-chairman of the Cardano Foundation’s early Isle of Man Foundation structure.

The allocation was meant to cover a comprehensive audit of the ADA crowdsale, a multi-jurisdiction fundraise that ran from October 2015 to January 2017 and raised the bulk of its capital from Japanese investors, totaling roughly 108,844.5 BTC across four rounds.

With Bitcoin closing around $414 on March 13, 2016, the 1,096 BTC translated to approximately $454,000, not an implausible figure for complex, multi-round international compliance work. Hoskinson says the bill was split among three named reviewers: Parsons, John Maguire, and Bruce Milligan.

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The steelman version of his position holds: a $454,000 audit fee for a cross-border token sale with significant Japanese retail exposure is within the range of defensible professional fees for that era.

The problem is that 2016 reasonableness doesn’t close a 2026 evidentiary question. Hoskinson has provided a narrative. He has not yet provided documents.

Braziel’s Demands: What the Paper Trail Needs to Show

Braziel’s background matters here. He is a bankruptcy claims investor, someone professionally accustomed to tracing asset flows through dissolved entities and incomplete records.

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He began investigating after the Isle of Man Foundation was formally dissolved in December 2025, a dissolution that eliminated one of the primary custodians of relevant historical records.

His demands are concrete: official invoices and service agreements from Parsons, Maguire, and Milligan; board-level approvals authorizing the payment; and on-chain or ledger evidence showing which wallets received the 1,096 BTC and when.

He also questions whether a $454,000 audit bill, paid entirely in Bitcoin, split three ways, aligns with standard corporate audit practice for that period, stating that “the numbers just don’t seem to add up.”

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Braziel has been explicit that he is not alleging theft or fraud. This is framed strictly as a transparency and record-keeping inquiry.

That framing is worth taking at face value, but it doesn’t make the evidentiary gap smaller. Former employees have reportedly contacted Braziel privately, which is the detail that signals this isn’t purely an external observer pushing on a closed case.

Isle of Man Foundation, Cardano Governance, and Why the Dissolution Matters

The Isle of Man Foundation served as one of the original holding structures for early Cardano crowdsale proceeds. The Swiss-based Cardano Foundation received a separate tranche, roughly 7,168 BTC, while the Isle of Man entity held the portion that includes the contested 1,096 BTC.

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The formal dissolution of the Isle of Man Foundation in December 2025 means the entity that would have been the primary record-keeper no longer exists as a legal structure.

“You can dissolve an Isle of Man foundation under corporate law, but you can’t dissolve blockchain history. The closure of the Manx entity creates a dangerous accountability vacuum regarding the 1,096 BTC,” explained Samuel Cooling, an Isle of Man-based financial journalist.

“As a jurisdiction, the Isle of Man prides itself on compliance and transparency; therefore, seeing a legacy structure wind down without a clear, public handover of historical records is highly unusual. The onus is now entirely on the Swiss Cardano Foundation to prove that this transition wasn’t a corporate rug pull on historical transparency”.

That’s an accountability gap regardless of whether the underlying payments were legitimate. Community members have argued that the Cardano Foundation, which succeeded the Isle of Man structure, now bears responsibility for producing whatever historical records survive.

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Photo: Isle of Man

This dispute is not occurring in isolation: Cardano has already navigated a separate controversy around a 318 million ADA transaction from 2021, which prompted an independent 128-page audit by McDermott Will & Emery and BDO that cleared Hoskinson of misappropriation.

That audit raised the baseline expectation for documentary evidence on historical fund movements.

Hoskinson’s criticism of governance discussions playing out on X is noted; his call for “effective conversation” in Discord and structured forums is reasonable in principle. But telling critics to move off X while declining to publish source documents doesn’t resolve the underlying question.

Discover: The Best Token Presales

The post Charles Hoskinson Stands On $70M BTC Payment From 2016 Manx Entity: Critics Want the Paper Trail appeared first on Cryptonews.

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SpaceX IPO leaves retail investors with too few shares and a tough hold-or-sell decision

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Billboards in Times Square celebrate the SpaceX IPO debut at the Nasdaq on June 12th, 2026.

Adam Jeffery | CNBC

Retail investors who clamored for shares in SpaceX‘s blockbuster initial public offering received only a fraction of what many had requested, and are already split on what to do with the stock.

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Across online investing forums, users complained of allocations as small as a single share despite requesting far larger amounts. Those who did receive stock are taking different approaches, with some selling into the company’s market debut while others are holding for the long haul.

Marvin Jung, a 51-year-old investor who requested 1,000 shares through Robinhood and received just 17, opted to quickly sell his stake after trading began.

“I have exited my position of SpaceX stock at $160,” Jung said. “It’s struggling too much and can’t find its footing. I’ll continue to watch and return in about six months when the lockup period is over.”

SpaceX shares rose another 6% on Monday, extending gains after the company’s record-breaking Nasdaq debut. The stock surged 19% on Friday to close around $161, up from its IPO price of $135 a share, lifting the company’s market value above $2 trillion.

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SpaceX since IPO

Ross Cameron, 41, founder of trading education platform Warrior Trading, also came away with far fewer shares than he sought. He initially requested 2,500 shares through Schwab before increasing the order to 4,250 shares ahead of the deadline. He ultimately received 147 shares at the IPO price of $135.

“I would’ve liked to have gotten more shares filled because it would’ve increased my total profit, but I understand the demand was very high,” Cameron said. “My plan is to hold the shares unless they break $150, and take profit if they get closer to $200 a share.”

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Cameron is also cautious about the months ahead, expecting a wave of selling pressure once lockup restrictions expire and additional shares become available for trading.

“I still think that the next six months will create a wave of selling due to the lockup expiration period,” Cameron said. “I don’t think there will be enough buying to support the current prices when those shares come onto the market.”

Most subscribed offering

The demand was intense across brokerage platforms. SoFi Technologies said SpaceX was “the largest and most subscribed offering” on its platform to date, adding that all qualified investors who requested shares received an allocation. Even so, many retail investors reported receiving only a fraction of the stock they requested.

Fidelity was also able to allocate shares to all eligible customers who sought to participate in the IPO, according to a source familiar with the matter, though some clients received fewer shares than requested given the SpaceX IPO demand was high relative to the available supply.

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Others are taking a longer-term view. Helaine Markham, co-owner of Markham Trading, received all two shares she requested in the IPO and intends to hold the stock.

Markham said she has not added to her position because she views SpaceX’s valuation as “aggressive” and expects additional volatility as lockup restrictions expire and more shares become available for trading. She plans to wait for further price discovery before potentially increasing her stake.

The mixed reactions highlight the challenge facing investors trying to value one of the market’s most closely watched companies. While some see SpaceX as a rare long-term opportunity tied to the growth of Starlink and commercial space exploration, others are wary of the company’s now $2 trillion valuation and are choosing to take profits early.

Symbolic one-share allocations

Justin Sacco, founder of Sacco Financial, received 11 shares through Charles Schwab after requesting 75. Rather than sell, Sacco added to his position after the stock started trading, purchasing four additional shares in the open market and bringing his total holdings to 15 shares.

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“I was certainly hoping to receive more than 11 shares after requesting 75,” Sacco said. “At the same time, considering the unprecedented demand for the IPO, I wasn’t shocked by the outcome. The fact that I received a meaningful allocation at all felt like a win.”

Sacco said he plans to hold these shares long term even though he has grown concerned about the lofty valuation.

Sacco’s experience was relatively fortunate compared with some retail investors. On Reddit’s WallStreetBets forum, users posted screenshots showing allocations of just a single share despite requesting hundreds or even thousands. Others joked that the tiny allocations amounted to little more than a souvenir from one of the most anticipated IPOs in recent memory.

CNBC has reached out to Robinhood, ETrade, Schwab for comment on retail allocation.

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Warren Buffett AI Agent (WarrenAI) Predicts Incredible Bitcoin Price by The End of 2026

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Warren Buffett AI Agent (WarrenAI) Predicts Incredible Bitcoin Price by The End of 2026

The number that stands out from Warren AI Bitcoin price predicts is not $140,000 or even $200,000. It is $50,000 to $55,000, because that is the bear case floor, and the fact that it frames that level as resilience rather than disaster tells you everything about how it views Bitcoin’s current position in the market cycle.

With BTC at $66,500, the downside scenario is a 17% to 25% pullback. The upside scenario is a 2x to 3x. That asymmetry is the whole argument.

The bull thesis runs on 3 converging forces. The post-halving supply cycle is still playing out, institutional infrastructure keeps deepening with every ETF filing and corporate treasury allocation, and macro conditions that are currently a headwind eventually rotate back to favoring scarce hard assets.

Source: Warren AI Bitcoin Price Prediction

Warren AI is not predicting when those catalysts converge; it is predicting that when they do, the market cap math gets interesting fast.

A $140,000 to $200,000 Bitcoin implies a $3T to $4T market cap, which sounds aggressive until you remember gold alone sits north of $20T.

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The bear case earns its place too. Higher-for-longer rates, tighter regulation, and a wave of crypto deleveraging could all conspire to push BTC back into the $50,000 to $55,000 band.

But the word choice is deliberate, resilient floor, not breakdown, not capitulation. Even Warren AI’s pessimistic scenario is framed as a buying opportunity rather than a trend change.

Bitcoin (BTC)
24h7d30d1yAll time

Bitcoin Price Prediction: The Bounce That Could Change Everything

What makes this moment interesting on the chart is that BTC just did something it has not done convincingly in months. It bounced.

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Price sits at $66,572 after printing a low near $60,000 earlier this month, and that recovery candle off the June low is the first real sign of demand stepping in at a structurally meaningful level.

The $60,000 to $62,000 zone has now been tested twice this year, held twice, and rejected sellers both times. That is not a coincidence; it is the market telling you where the buyers live.

The overhead picture is less comfortable. Every recovery attempt since the $126,000 peak has rolled over, and the $70,000 to $72,000 region is now loaded with trapped longs from the May selloff who will be looking to exit.

Getting through that supply pocket cleanly is the real test before any conversation about $80,000 or beyond becomes credible.

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The RSI is the most compelling piece of this right now. It is reading 44.87 with the signal line way down at 27.16, a gap of nearly 18 points.

That is not a small divergence. RSI spent weeks pinned in the oversold basement while price ground lower, and now it has ripped back through its average with serious velocity.

That kind of momentum recovery, especially when it leads price rather than follows it, tends to precede sustained bounces rather than fakeouts.

It does not guarantee the $140,000 case plays out, but it strongly suggests the $60,000 low is more likely a launchpad than a waystation on the way to $50,000. Warren AI’s end-of-year target starts with surviving this zone, and right now, the chart says the bulls are doing exactly that.

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You Might Like What Warren AI Predicts About LiquidChain

The money that wins cycles never announces where it is going.

Large caps are not broken. They are out of the room. Bitcoin, Ethereum, and XRP have been testing the same ceilings for weeks. Every macro catalyst has a new arrival date. Every institutional wave has a new quarter attached. Waiting on someone else’s decision is not a trade. It is a waiting room.

Capital that understands cycles moves before the destination has a name.

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Small market cap infrastructure plays operate on physics large caps cannot replicate. A rotation that vanishes as noise at Bitcoin’s scale reprices an undiscovered project by multiples. The opportunity exists in the gap between what something is genuinely worth and what the market has assigned it. That gap closes permanently the moment discovery happens.

Multi-chain fragmentation has never been solved. Bitcoin, Ethereum, and Solana exist as completely isolated systems with no shared architecture and no native interoperability. Every time value crosses those boundaries it pays for that in fees, slippage, and failed transactions. Every single time.

Warren AI predicts LiquidChain makes that crossing free. All 3 networks inside one execution environment. Single deployment. Complete ecosystem access. No tax on any interaction.

The presale is at $0.01454 with just over $830,000 raised. Early and undiscovered.

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Execution is unproven. Adoption is unknown. Established assets offer predictability toward a ceiling the market already sees. LiquidChain is an entry point that disappears once the market finds it.

Explore the LiquidChain Presale

The post Warren Buffett AI Agent (WarrenAI) Predicts Incredible Bitcoin Price by The End of 2026 appeared first on Cryptonews.

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Bitcoin Price Analysis: Can BTC Extend Its Rally After Reclaiming $66K?

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Bitcoin has staged a notable recovery over the past few days after a sharp correction drove the asset toward a major demand zone around $60K.

The rebound appears to have been fueled in part by improving macro sentiment following the preliminary peace agreement between the U.S. and Iran, which significantly reduced geopolitical uncertainty and boosted risk appetite across global markets.

The easing of tensions triggered a broad rally in risk assets while supporting Bitcoin’s recovery from recent lows.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC remains within a broader corrective structure despite the recent bounce from the $60K psychological support zone.

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This area once again attracted substantial demand, producing a strong reaction and allowing buyers to regain some control in recent sessions. However, Bitcoin is now approaching its first significant resistance cluster around $65K-$67K, which previously acted as support before turning into supply following the breakdown.

The current rebound appears constructive, but the broader structure remains bearish in the short term. BTC continues to trade below the broken channel and beneath the major resistance region around $72K-$74K. As a result, the ongoing move could still be interpreted as a relief rally unless buyers manage to reclaim higher supply levels.

Should Bitcoin face rejection from the current $65K-$67K supply zone, another corrective move toward the $62K support area remains a realistic scenario. Conversely, a successful breakout above this region would expose the next resistance zone around $72K-$74K.

BTC/USDT 4-Hour Chart

The 4-hour chart reveals that Bitcoin has recovered steadily from the recent bottom near $60K, forming a rising wedge/flag pattern while climbing from the lower boundary of the demand zone.

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The latest surge has pushed the asset directly into the first supply zone between roughly $65.5K and $68K. This area represents the most important short-term obstacle for bulls, as it coincides with a previous consolidation range that eventually triggered the sharp breakdown.

Although momentum has improved considerably following the geopolitical developments, the market is now testing a region where sellers may attempt to regain control. A rejection from the current supply zone could lead to a pullback toward the wedge support and potentially the $62K-$63K area.

If buyers manage to absorb the supply and establish acceptance above $68K, the probability of a deeper recovery toward the higher resistance cluster near $72K-$74K would increase significantly. Until then, the price remains vulnerable to short-term retracements after the recent impulsive move.

Onchain Analysis

The UTXO Age Bands Realized Price chart provides an interesting view of investor positioning during the recent correction.

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Bitcoin is currently trading below the realized price of the 1M-3M holder cohort, which is positioned around $75K, while remaining above the realized price of the 18M-2Y cohort near $74K. These levels often act as important psychological zones because they represent the average acquisition cost of different groups of market participants.

The recent decline below the short-term holders’ cost basis suggests that many newer investors are currently holding unrealized losses, a condition that typically weighs on market sentiment during corrections.

The continued upward trend in both realized price cohorts also suggests that capital entered the market aggressively throughout the previous advance. While this does not eliminate the possibility of additional downside volatility, it supports the view that the current phase resembles a correction within a larger cycle rather than a complete trend reversal.

For now, on-chain data remains constructive, but from a technical perspective, Bitcoin is approaching a critical resistance area where the recent relief rally may face its first meaningful challenge. A temporary pullback from the $65K-$68K region would therefore not be surprising before the market attempts a larger recovery.

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The post Bitcoin Price Analysis: Can BTC Extend Its Rally After Reclaiming $66K? appeared first on CryptoPotato.

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Analyst Predicts ‘Massive Bull Rally’ if US-Iran Peace Deal Is Signed

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Moonrock Capital founder Simon Dedic has said that if the United States and Iran actually sign a peace deal on June 19 as has been reported, it could mark the start of a major rally across risk assets, considering how they behaved when past conflicts ended.

His argument is that, as the most volatile major asset class, crypto would be the first to benefit once the macro pressure from the situation in the Middle East eases.

The Case for a Crypto Rally

In a post on X published on June 15, Dedic started off with a disclaimer, saying that trying to predict anything based on what US President Donald Trump says or does was “a fool’s game.”

He compared the head of state’s unpredictability to that of his Official Trump meme coin (up over 20% in the past week), but he argued that if indeed the Iran deal gets signed as planned this coming Friday, the setup looks a lot like previous moments when conflict-related uncertainty cleared out of markets all at once.

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For example, when the Korean War ended, the S&P 500 gained 44% in the following year, according to Dedic. It was the same after the Iraq war, with the S&P 500 rising 25% in the year after the guns went quiet. The analyst also pointed out that in 19 out of 20 conflicts that came after the Second World War, markets took an average of just 28 days to fully recover the minute hostilities stopped completely.

Per his assessment, the Iran war has been the biggest reason why risk appetite has been so low lately. He noted that Bitcoin (BTC) was sitting near $65,000, down almost 48% from its all-time high, with many altcoins faring even worse. But if that overhang gets removed, Dedic expects crypto to reprice quickly, considering how closely it follows changes in risk sentiment.

“Everyone who’s been looking like an idiot for the last few months will soon look like a genius,” he wrote.

Trump confirmed the “Great Deal” in a post on Truth Social, with market commentary account The Kobeissi Letter saying that the proposed agreement would extend the current ceasefire, reopen the Strait of Hormuz, and kick off negotiations around Iran’s nuclear program. It will also reportedly lead to discussions regarding the lifting of sanctions against the Islamic Republic as well as unfreezing its funds, including about $1 billion in crypto seized under Operation Economic Fury.

Markets Are Already Rebounding

Indeed, there was a reaction in the market soon after Trump’s post, with S&P 500 futures going up 0.8% and their Nasdaq counterparts gaining 1.3%, while BTC moved to its highest level in almost two weeks.

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Ethereum (ETH) also climbed back above $1,800 after languishing below that level since June 5, only briefly coming up for air on June 9 when it hit $1,700, per CoinGecko data, before promptly diving back under.

Others like XRP, Solana, and Cardano also posted notable results following news of the peace deal, but among the majors, Hyperliquid had the best uptick, with its price just above $68 at the time of writing representing a 10% increase in one day.

The post Analyst Predicts ‘Massive Bull Rally’ if US-Iran Peace Deal Is Signed appeared first on CryptoPotato.

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‘Crypto spring’ is here, says one analyst after bitcoin’s key signals turn bullish

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‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish

Standard Chartered’s head of digital assets research Geoffrey Kendrick says bitcoin may have already put in its low for the current market cycle, arguing that a combination of improving investor flows, corporate buying and easing macroeconomic pressures points to a stronger recovery ahead.

The latest call marks a shift in sentiment after several months in which crypto markets struggled with rising geopolitical tensions, concerns about inflation and persistent outflows from U.S. spot bitcoin exchange-traded funds (ETFs.)

Last Friday, Kendrick told clients he believed bitcoin’s decline to roughly $59,000 represented the cycle low. At the time, however, he outlined three developments he wanted to see before gaining more confidence in that view: renewed bitcoin purchases by Strategy (MSTR), a return to positive ETF inflows and continued weakness in oil prices.

By Monday, all three had materialized.

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Strategy, the largest corporate holder of bitcoin, disclosed that it purchased another 1,587 BTC last week. U.S. spot bitcoin ETFs posted net inflows of $86 million on Friday after a stretch of notable redemptions. Oil prices also continued to move lower, reducing concerns that higher energy costs could push inflation and bond yields upward.

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Aztec Connect Drained of $2.1M Through Deprecated Contract Three Years After Shutdown

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Aztec Connect Drained of $2.1M Through Deprecated Contract Three Years After Shutdown


An attacker drained roughly $2.1 million from a deprecated Aztec Connect smart contract on Sunday, three years after the privacy bridge was shut down, by abusing a flaw in how the contract verified zero-knowledge proofs. The exploit hit the RollupProcessorV3 contract at around 8:26 a.m. ET Sunday,… Read the full story at The Defiant

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Bitcoin Tops $67,000 to Two-Week High After Trump Declares US-Iran Deal Complete and Hormuz Reopening

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Bitcoin Tops $67,000 to Two-Week High After Trump Declares US-Iran Deal Complete and Hormuz Reopening


Bitcoin pushed above $67,000 on Monday, its highest level in roughly two weeks, after President Trump said the US-Iran deal was "complete" and that he had authorized reopening the Strait of Hormuz. The largest cryptocurrency traded around $67,170, up 4.9% over 24 hours, touching an intraday high… Read the full story at The Defiant

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Hyperliquid-Based Ventuals Winds Down On-Chain Pre-IPO Markets

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Hyperliquid-Based Ventuals Winds Down On-Chain Pre-IPO Markets


Ventuals is shutting down its on-chain pre-IPO trading platform and folding its team into another project building on Hyperliquid. The wind-down ends one of the first venues that let traders take leveraged positions on the valuations of private companies like OpenAI and Anthropic. The platform… Read the full story at The Defiant

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