Major News Headlines for Today

1. 'Circle Rival' Tether CEO "No intention of IPO"
With stablecoin issuer Circle listed on the New York Stock Exchange(NYSE) through an initial public offering(IPO), Tether CEO Paolo Ardoino dismissed the possibility of Tether's IPO on Jun. 8. USDC's issuer Circle was listed on the NYSE on Jun. 5 and succeeded in a stock price increase of about 167% on the listing date. Ardoino CEO said, "Tether does not need to go public," adding, "Tether's market capitalization was slightly overestimated considering the Bitcoin(BTC) and gold held by Tether."

2. "Bitcoin Occurs Large-Scale Liquidation During Price Changes"
As Bitcoin has been sideways for several weeks, data has been released that a large amount of money will be liquidated in the price changes of Bitcoin depending on the amount of bets accumulated in the futures market. Cryptocurrency trader Cass Abe pointed out on Jun. 8 that about $15.11 billion and $9.58 billion were bet on long(rising) and short(fall) bets in the Bitcoin futures market through his X account.

3. Michael Saylor "Buy Bitcoin More This Week Again!"..."Buy for 9 Consecutive Weeks"
The founder of the Ikle Sailor Strategy predicted an additional purchase of Bitcoin for nine consecutive weeks. On Jun. 8, Sailor shared a chart of the "Sailor Trekker" website on his X account and revealed his plan that Strategy will soon start buying more Bitcoin.

4. Bitcoin Tries Over $107,000 Despite U.S. Political Unrest
Bitcoin rose 1.22% during the day despite political unrest in the U.S. on Jun. 9. U.S. President Trump approved the dispatch of 2,000 National Guard troops to an immigrant protest in Los Angeles on Jun. 8.

권승원 기자 ksw@blockstreet.co.kr