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Crypto
Japan\'s Bitbank warns on Polymarket-related deposits, withdrawals, says accounts may be suspended
Japanese cryptocurrency exchange Bitbank has warned it may suspend user accounts involved in transactions linked to prediction market platforms such as Polymarket, Cointelegraph reported. Bitbank said it may restrict deposit and withdrawal accounts connected to prediction market services, and that suspended accounts would lose access to all services, including login, deposits, withdrawals and crypto trading. It added it would not be liable for losses resulting from suspensions.
Crypto
SBI Shinsei Bank to launch cryptocurrency reward program
SBI Shinsei Bank, part of Japan\'s SBI Group, plans to launch a cryptocurrency rewards programme for deposit customers this autumn, The Block reported, citing Nikkei. Depositors will receive vouchers equal to 20 percent of interest payments, which can be exchanged for cryptocurrencies including bitcoin, ether and XRP. Customers must open an account with SBI VC Trade. The bank will run a three-month pilot from June 10.
Crypto
Bitcoin slides to $62,000; Middle East situation and ETF flows in focus
Bitcoin fell to the $62,000 level this week as worsening U.S.-Iran relations coincided with selling pressure from institutions. A weekly report by a Bitbank market analyst cited rising geopolitical uncertainty after Iran halted nuclear talks with the United States, stronger-than-expected U.S. labour indicators that lifted rate-hike pressure, and news that Strategy sold part of its bitcoin holdings. U.S. spot bitcoin ETFs also posted 14 straight sessions of net outflows through June 3, before turning to a small inflow on June 4.
