MicroStrategy chairman Michael Saylor said on Monday, June 8, that the company purchased 1,550 BTC for about $101 million to increase its Bitcoin holdings. The buys were made between June 1 and June 7 at an average price of $65,332 per BTC, bringing total holdings to 845,256 BTC. Bitcoin critic Peter Schiff called the move "damage control" and argued the company boosted U.S. dollar reserves by $100 million while raising capital via stock sales.

A wallet associated with Ethereum co-founder Joseph Lubin moved 80,001 ETH worth about $121.6 million after more than three years of inactivity, fueling debate over a possible sale. The address previously held 243,300 ETH (about $370 million), and the transfer represents roughly 67% of that balance. While the move has been interpreted as potential sell-side activity, it remains unclear whether the ETH was sent to an exchange.

CryptoQuant data shared on Thursday, June 4, indicates that about 74% of MicroStrategy's 843,706 BTC is currently held at an unrealized loss as Bitcoin retested $61,000 for the first time since February. The figures imply roughly 624,342 BTC were acquired above the current price, leaving only about 26% of the firm's Bitcoin position in profit. Michael Saylor said the company intends to keep buying Bitcoin in both bullish and bearish conditions, even as BTC fell over 14% in the past seven days.

Bitcoin has extended its decline amid ongoing market volatility, with selling pressure increasing after the price slipped under $72,650. Ali Martinez said an MVRV Pricing Bands chart points to a potential next support area near $50,000, while also highlighting $54,300 and $51,000 as key demand levels.

BlackRock moved 6,164 BTC to Coinbase in transfers valued at about $425 million, with the activity reported on Tuesday, June 2. The deposit was split across roughly 13 transactions, mostly in 300 BTC batches, and some market participants view it as a possible sell-related move amid ongoing ETF outflows.

XRP’s fee-burn activity dropped 34.97% over a 24-hour period, alongside softer participation on the XRP Ledger. On May 30, fees burned fell to 491 XRP from 755 XRP the prior day, while XRP traded around $1.34 and was down 0.79% over the last 24 hours. The burn slowdown arriving as price attempts a modest rebound was described as a mixed signal for near-term momentum.

XRP led weekly crypto ETF performance for a third straight week, adding $15.20 million in net new capital during the period. Over the same week, Bitcoin ETFs posted $1.42 billion in net outflows and Ethereum ETFs saw $241.45 million leave, as both products stayed under sustained withdrawal pressure.

BitMine expanded its Ethereum holdings with a single 25,000 ETH purchase valued at $50,413,250 at the time of the transfer. The funds were withdrawn from Kraken, as Ethereum continued to face bearish pressure while holding support above $2,000 amid volatility. Analysts have also warned ETH could revisit a $1,000 area if downside conditions persist.

Coinbase said on Friday, May 29 that it received approval from the U.S. Commodity Futures Trading Commission (CFTC) to broaden regulated access to global crypto derivatives for U.S. traders. The exchange said it is now the first CFTC-regulated futures commission merchant (FCM) able to offer crypto perpetual futures and options in the U.S., with institutional access to global options via Deribit. CEO Brian Armstrong added that U.S. users had previously been excluded from about 80% of the global crypto market due to limits around perps and options.