“Send more Orange,” Strategy executive chairman Michael Saylor wrote on X, signaling another Bitcoin purchase from the company.

Michael Saylor teases fresh Bitcoin buy after $1B stock offering

Over the past three years, bitcoin mining gear has evolved dramatically—from 
machines cranking out massive terahash to widely available rigs boasting 
efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining 
Summit last month, Bitmain pulled back the curtain on a machine delivering 
over a petahash per second (PH/s) with an energy use […]

Bitmain’s 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real

Andre Cronje’s Sonic token is in freefall, having erased almost $1.3 billion 
in market capitalization since its relaunch in January. Sonic (S) price 
crashed to $0.3775 on Sunday, down by over 61% from its highest point this 
year. This crash…

Here’s why Sonic erased $1.3 billion in value

Based on reports, a long-dormant Bitcoin whale made a surprise move this week, 
snapping up 250 BTC for about $26.37 million. It’s the first time this wallet 
has shown activity in two years. Related Reading: Bitcoin To Hit $180,000 In 
2025? Analyst Highlights The Trigger The purchase has stirred talk among 
traders and on-chain analysts alike. Some see it as a sign that big players 
are getting ready for more action in the weeks ahead. Whale Returns After Two 
Years According to Lookonchain data, the same whale pulled 500 BTC out of 
Gemini back in 2022 when Bitcoin was trading near $27,400, a move worth nearly 
$14 million at the time. Now, with BTC hovering around $105,000, the whale’s 
holdings sit on an unrealized gain of over $39 million. That kind of profit 
margin grabs attention. Other large holders often watch these moves closely. 
They wonder if this is the start of a wider trend or just one wallet’s play. A 
whale that had been dormant for 2 years bought another 250 $BTC($26.37M) 9 
hours ago. 2 years ago, this whale withdrew 500 $BTC($13.7M) from Gemini at 
$27,401, now sitting on an unrealized profit of $39M.https://t.co/c0U92isSfc 
pic.twitter.com/vcb4V3M0Uz — Lookonchain (@lookonchain) June 8, 2025 Big Gains 
On Early Bet Early adopters have seen massive upside in Bitcoin over the 
years. This whale’s 2022 withdrawal came just before a multi-year price boom. 
Since then, Bitcoin has climbed nearly 300%. Not everyone can make moves like 
that. Small investors often feel left behind when a wallet this size shifts 
coins. Still, some traders say it can create a ripple of optimism. When big 
holders buy, retail traders sometimes pile in, chasing the same gains. 
Technical Indicators Show Mixed Signals On the charts, BTC seems to be shaping 
an inverse cup-and-handle pattern with a significant neckline at $100,800 
serving as major support. The price has fallen into the handle stage, and a 
dip below $100,800 could propel Bitcoin to $91,000, which coincides with its 
200-day exponential moving average (EMA). Bitcoin&#8217;s relative strength index 
(RSI) is 52, indicating the bullish momentum is fading. A fall below 50 could 
introduce additional selling pressure. For the bulls to regain control, BTC 
must recapture the 20-day EMA resistance, which is just above $105,000. 
Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul 
Says Market Volatility And Liquidations There were some wild price movements 
last week fueled in part by social media battles between US President Donald 
Trump and billionaire Elon Musk. The price of bitcoin fell below $101,000 for 
a moment, causing close to $1 billion in liquidations across futures markets, 
before recovering to above $105,000 within hours. The miner capitulation 
signal was also detected by CryptoQuant’s Hash Ribbons indicator, pointing to 
near-term pain for worse-off miners, but some potential rallies ahead once 
they pulled through. Featured image from Unsplash, chart from TradingView

Bitcoin Whale Breaks Silence With $26 Million Transfer — What’s Going On?

Argentina&#8217;s federal anti-corruption authority has cleared President Javier 
Milei of any wrongdoing for his February support of the cryptocurrency token 
Libra. The office mentioned that his social media endorsement was made in a 
personal capacity without using federal resources. The…

No foul play in Javier Milei’s Libra crypto promo, says anti-corruption office

GameStop stock price will be in the spotlight this week as the company 
publishes its first earnings since it started buying Bitcoin. GameStop stock 
ended the week at $29.58, down 16% from its highest point this year. Its 
market capitalization…