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Crypto

Bitcoin threatens $58,000 level as dollar strength, selloff by buyers at highs adds pressure

Bitcoin is facing increased downside pressure as it slides toward $58,000 ahead of quarter-end. Cointelegraph reported the dollar rose to its highest level against the yen since 1986, adding strain to crypto markets, while on-chain data showed more stop-loss selling by buyers near this year’s highs. Traders pointed to rising leverage and large long positions entering the dip. Analysts also flagged increased exchange inflows from coins held 6 to 12 months after bitcoin fell below $70,000.

Crypto

SBI to gain 2.92 million accounts with Bitbank acquisition, creating Japan\'s largest crypto exchange

Japan\'s SBI Holdings will acquire cryptocurrency exchange Bitbank for about 46.7 billion yen. Once the deal is completed, SBI is expected to build a crypto exchange group with the largest scale in Japan in terms of assets under custody and customer base. SBI plans to buy shares held by Bitbank CEO Noriyuki Hirose and existing shareholders through wholly owned subsidiary SBICAH, and join a third-party allotment share sale. The deal is expected to close around October after regulatory approvals.

Crypto

SBI cuts XRP trading fees by 78 percent, targets Japan leverage demand

SBI VC Trade, a unit of Japan cryptocurrency exchange group SBI, temporarily lowered the standard spread for XRP/JPY leveraged trading to 0.5 yen. The measure runs from June 22 to July 3 and aims to encourage Japanese retail investors to take part in leverage trading by reducing costs. SBI said the new spread is about 78 percent lower than its average XRP/JPY spread in May 2026 and will also be offered at SBI FX Trade.