21m ago
Jim Cramer's "Who murdered Bitcoin?" post stirs debate as Strategy reports $10.8B unrealized loss
On June 4, CNBC host Jim Cramer posted "Who murdered Bitcoin?" alongside a chart of Strategy's Bitcoin position, as the market selloff intensified. The figures showed Strategy had put nearly $63.9 billion into BTC and was sitting on more than $10.8 billion in unrealized losses; Bitcoin later traded at $62,463 on June 5 after sliding from above $73,000 earlier in June.
BTC
BTC-0.95%
21m ago
40m ago
Forward Industries' SOL Treasury Shows $1.15B Unrealized Loss as SOL Hits $64.09
Forward Industries, described as the largest public corporate holder of Solana, holds 6.83 million SOL bought at an average $232.08 as SOL traded at $64.09, implying an unrealized loss of about $1.15 billion. After roughly a month of on-chain inactivity, it deposited 455,784 SOL to a centralized exchange as SOL spot ETF flows turned negative on June 3 and June 4. Mastercard's June 3 statement on expanding stablecoin settlement support included Solana, even as SOL fell to its lowest level since December 2023.
SOL
SOL-4.73%
40m ago
46m ago
Arthur Hayes Sells All ZEC After Zcash Orchard Pool Vulnerability Disclosure
Arthur Hayes said he sold his entire Zcash (ZEC) position after a vulnerability affecting the Orchard shielded pool surfaced, with key details becoming public on June 5. The bug was found on May 29 and patched by June 1, but developers said Orchard's privacy design cannot cryptographically prove whether it was exploited before the fix. ZEC slid more than 35% in 24 hours to about $386, while CoinGlass data showed nearly $49 million in liquidations over the past day.
NEAR
NEAR-14.45%
46m ago