In crypto information as we speak (June 30), BTC USD continues to commerce underneath $60,000, with the month-to-month shut as we speak prone to dictate the value motion for July. Liquidations proceed to gradual, with solely $286M in positions liquidated over the previous 24 hours, down from over $1Bn simply final week.
This week noticed ETF flows proceed in the identical route as final week, with over $231M price of Bitcoin bought throughout the assorted merchandise, including to final week’s complete outflows of over $1.7Bn. Till these outflows decelerate, it’s unlikely that Bitcoin will reclaim $60,000.
Whereas almost each main cap token is at the moment within the pink over the previous 24 hours, Solana (SOL) and Hyperliquid (HYPE) are two of the extra notable initiatives within the inexperienced as we speak, up +2% and +4.5% respectively. Each day buying and selling quantity has dropped over the previous 24 hours, going from $105Bn yesterday to $82Bn as we speak.
With Bitcoin nonetheless struggling to reclaim $60,000, the Worry & Greed Index has kicked off this week by reflecting this shaky value motion, sitting at 15/100, up from 12/100 yesterday, a slight improve in sentiment however nothing to write down residence about.
Crypto News Today: Strategy Launches $1Bn Repurchase Plan Following MSTR and STRC Crash
​Strategy paused its Bitcoin purchases final week, marking a shift for the biggest company holder of the token as strain grows on its steadiness sheet and securities linked to its Bitcoin technique. The corporate mentioned its greenback reserve rose to $2.55Bn and introduced a brand new repurchase program for as much as $1Bn of digital credit score securities.
In an 8-Okay submitting with the Securities and Alternate Fee, Strategy mentioned it made no Bitcoin acquisitions between June 22 and June 28. As a substitute, the corporate expanded its US greenback reserve and launched a brand new Digital Credit score Capital Framework meant to manipulate how that money can be utilized.
Under the brand new coverage, the reserve could also be used solely to help most popular inventory dividend funds and curiosity bills on excellent debt. Administration should maintain at the least 12 months of anticipated annual most popular inventory dividends and curiosity obligations in reserve.
The money steadiness rose from $1.4Bn as of June 21 to $2.55Bn as of June 28, together with shares bought however not but settled as of June 26. Strategy raised the reserve by at-the-market gross sales of its Class A typical inventory, MSTR, promoting 12.7 million shares final week for about $1.15Bn. The corporate nonetheless has $24.3Bn of MSTR shares accessible for issuance underneath that program.
Strategy has established repurchase packages for as much as $1.0B of our Digital Credit score securities and as much as $1.0B of $MSTR. This can create flexibility to accretively buyback securities throughout market dislocations. Repurchases won’t be funded from the USD Reserve.
— Michael Saylor (@saylor) June 29, 2026
US Court docket Sentences Chinese language Billionaire to 30 Years in Jail for $1Bn Crypto Fraud
In different crypto information as we speak, a US courtroom has sentenced Chinese language billionaire Guo Wengui, also referred to as Miles Guo, to 30 years in jail for cryptocurrency fraud. Prosecutors said that Guo orchestrated a scheme that resulted in traders shedding a whole bunch of hundreds of thousands of {dollars}. Federal Choose Analisa Torres additionally ordered the forfeiture of Guo’s property and directed him to pay $889M in restitution to the victims, in keeping with courtroom filings.
After leaving China greater than a decade in the past, Guo portrayed himself as a critic of the Chinese language Communist Social gathering and garnered a big following among the many Chinese language diaspora. Prosecutors claimed that he exploited the belief of his supporters, convincing them to put money into initiatives he managed, together with varied cryptocurrency ventures.
Guo was arrested in March 2023, and the US Division of Justice reported that he operated a fraudulent scheme that stole greater than $1 billion from 1000’s of traders. In response to the division, Guo raised over $262M by the Himalaya Alternate crypto ecosystem alone.
In July 2024, a federal jury discovered Guo responsible on 9 counts of fraud and conspiracy. Prosecutors revealed that he had promised traders excessive returns whereas misusing their funds to buy a mansion, luxurious vehicles, and different high-end objects.
Billionaire "Miles" Guo Wengui, who fled China to the U.S. and claimed to be an anti-CCP dissident, has been sentenced to 30 years jail in NY for defrauding his followers.
He beforehand constructed shut ties to Steve Bannon, who was arrested on Guo's yacht in 2020 for his personal fraud… pic.twitter.com/lCFiBtdPzY
— Aubrey Belford (@AubreyBelford) June 30, 2026
The publish Crypto News Today (June 29): BTC Still Under $60K, Strategy Pivots to Buybacks and the US Jails Billionaire for $1Bn Crypto Fraud appeared first on 99Bitcoins.
