hodler

4 Jun 2026, 14:51

Coinbase, Better offer first Fannie Mae-eligible crypto-backed mortgage to Michigan couple in early 30s

More on Coinbase, Better Home & Finance Holding Coinbase: Great Business, But Not Enough Margin Of Safety Yet Coinbase: What Exactly Are Bears Waiting For? Coinbase: A Hold On Strength, Not A Buy On Hope Coinbase launches pre-IPO perpetual futures contracts starting with SpaceX Stripe, Visa, Mastercard reportedly working on new stablecoin platform; payment stocks down

4 Jun 2026, 14:23

Bitcoin bloodbath plunges Strategy into Its deepest financial hole yet

MicroStrategy’s unrealized loss is at an all-time high following Bitcoin’s plunge below sixty-two thousand dollars, sending the company’s treasury investment into the red big time. The loss is sitting near $10.8 billion, putting Strategy down about 17% on its Bitcoin position after six years of buying. The fall came as Bitcoin hit its lowest price since the start of the Iran conflict, with fresh fighting in the Middle East hurting wider risk sentiment. The coin fell more than 5% in early Singapore trading on Thursday and dropped below $62,000 for the first time since Feb. 6. The weekly damage is now near 16%, and the pressure started after Michael Saylor’s Strategy sold about $2.5 million worth of Bitcoin from its huge stash. Strategy faces its largest paper loss after selling 32 Bitcoin before the crash Strategy (NASDAQ: MSTR) sold 32 Bitcoin between May 26 and May 31 at an average price of $77,135 per coin. The company later reported the sale, but the information was only made public on June 1. Since that sale, the value of Strategy’s Bitcoin position has fallen by about $11.8 billion, and yes the sale is small compared with the size of the company’s holdings, but these guys have spent years building its name around Bitcoin accumulation, and Saylor once told us we should sell our kidneys before we ever sell our Bitcoins. Source: Michael Saylor/X. MSTR’s stock plummeted 77% since its peak, and this week, it’s down about 18%. The fall also slammed related funds MSTU, MSTY, and MSTX, making them super volatile as investor faith in MSTR’s Bitcoin plans wavers. Things look even worse when you compare MSTR to regular stocks. As MSTR suffered because of Bitcoin, the S&P 500 gained roughly 116% in the same time frame. This contrast added to the pressure on MSTR’s strategy for managing its cash. When I wrote this, Bitcoin was at $61,351, while Ethereum has dropped below $1,800, Solana hit $69, and XRP hovered around $1.17. In just the past twenty-four hours, almost $1.63 billion in assets got liquidated. Mostly, long position bets (over $1.38 billion worth) got zapped. ETF exits, Polymarket bets, and weaker big buyers add pressure to Bitcoin U.S. spot Bitcoin ETFs saw $396.6 million in net outflows on June 3. That was the 13th straight trading session of negative flows, with the streak running since May 15. For a market that loves easy bullish stories, two full weeks of ETF exits is not exactly a cute look. In Polymarket, traders had the “no” outcome for a bet on whether Strategy would sell Bitcoin by May 31. Then, Strategy revealed selling 32 BTC during that time, just a day late. This happened on June 1, with the contract holding about $80 million in volume. Meanwhile, Bitcoin was losing strength while key stock indexes kept rising. The Nasdaq 100 (INDEXNASDAQ: NDX) hit a new peak on Tuesday, as the crypto market continued to fall. Over the past year, the Nasdaq 100 gained 41%, whereas Bitcoin dropped 38%. It’s currently 48% below its yearly high. Glassnode data also shows that Bitcoin buyers have changed since May. During the rally earlier last month, wallets holding between 1,000 and 10,000 Bitcoin led the buying. That group is often linked with large investors and institutions. So far in June, those same buyers have become less active. Smaller wallets and the largest whales have been more willing to buy during the downturn. Public companies hold about 1.24 million Bitcoin in total. If more of them start selling, the market could face a messy unwind of the corporate treasury trade. The smartest crypto minds already read our newsletter. Want in? Join them .

4 Jun 2026, 14:12

Coinbase joins Binance, OKX in race to tokenize pre-IPO market speculation

Crypto exchanges are racing to build a new 24/7 speculative market around private-company valuations before IPOs occur.

4 Jun 2026, 14:00

Coinbase and Better Launch First Bitcoin-Backed Mortgage, Plan National Expansion

BitcoinWorld Coinbase and Better Launch First Bitcoin-Backed Mortgage, Plan National Expansion Coinbase and mortgage lender Better Home & Finance have executed the first Fannie Mae-guaranteed mortgage backed by Bitcoin, marking a significant milestone in the integration of cryptocurrency into mainstream home financing. The companies announced plans to roll out the product nationwide for eligible borrowers starting this summer. How the Bitcoin-Backed Mortgage Works Under the program, a borrower takes out a standard Fannie Mae mortgage for most of the home’s value and covers the down payment with a separate crypto-backed loan. Both loans carry the same interest rate and repayment schedule, allowing for a single monthly payment. However, the crypto-backed loan requires collateral worth approximately 2.5 times the borrowed amount for Bitcoin or 1.25 times for USDC. For example, a buyer of a $500,000 home could take out a $400,000 mortgage and cover the $100,000 down payment with a loan backed by roughly $250,000 in Bitcoin. This structure allows homeowners to leverage their cryptocurrency holdings without selling them, potentially avoiding capital gains taxes and maintaining exposure to potential price appreciation. Implications for Homebuyers and the Crypto Market This development opens a new avenue for crypto holders to access liquidity for real estate purchases, bridging the gap between digital assets and traditional finance. For lenders, it introduces a novel risk assessment model that must account for the volatility of cryptocurrency collateral. The Fannie Mae guarantee provides a layer of security for the primary mortgage, but the crypto-backed portion carries its own risk profile. Industry analysts view this as a potential catalyst for broader adoption of crypto-collateralized lending, though they caution that the high collateral requirements may limit the product’s appeal to more affluent borrowers with substantial crypto holdings. Regulatory and Market Context The partnership between Coinbase, a leading U.S. cryptocurrency exchange, and Better, a prominent digital mortgage lender, signals growing institutional confidence in crypto-backed financial products. The involvement of Fannie Mae, a government-sponsored enterprise, adds a layer of regulatory legitimacy that could pave the way for similar products from other lenders. However, the product’s success will depend on borrower demand, the stability of cryptocurrency prices, and the ability of lenders to manage collateral risk. The companies have not disclosed the specific interest rates or terms of the initial loan, but they have indicated that the nationwide rollout will include educational resources for borrowers. Conclusion The first Bitcoin-backed mortgage guaranteed by Fannie Mae represents a practical step toward integrating cryptocurrency into the U.S. housing finance system. While the product is unlikely to replace traditional mortgages in the near term, it offers a new option for crypto-rich, cash-poor homebuyers. The planned national expansion this summer will test the market’s appetite for such innovative financing structures. FAQs Q1: How much Bitcoin collateral is needed for a crypto-backed mortgage? The loan requires collateral worth approximately 2.5 times the borrowed amount for Bitcoin or 1.25 times for USDC. Q2: Can I use other cryptocurrencies besides Bitcoin? Currently, the program supports Bitcoin and USDC, with Bitcoin requiring a higher collateral ratio due to its volatility. Q3: When will the product be available nationwide? The companies plan to launch the product for eligible borrowers across the U.S. starting in summer 2025. This post Coinbase and Better Launch First Bitcoin-Backed Mortgage, Plan National Expansion first appeared on BitcoinWorld .

4 Jun 2026, 13:50

Polish Zloty Steady as NBP Holds Rates, ING Sees Patient Approach

BitcoinWorld Polish Zloty Steady as NBP Holds Rates, ING Sees Patient Approach The Polish Zloty (PLN) remained stable against major currencies this week, as the National Bank of Poland (NBP) maintained its benchmark interest rate at 5.75% during its March meeting. Analysts at ING Bank Slaski noted that the central bank’s cautious stance continues to support the currency, even as markets speculate on the timing of potential rate cuts later in 2026. NBP Holds Firm Amid Inflation Concerns The NBP’s decision to keep rates unchanged was widely expected by economists, given that inflation in Poland remains above the central bank’s target range. ING’s research team highlighted that Governor Adam Glapiński’s recent comments emphasize patience, with the bank prioritizing inflation control over economic stimulus. This approach has helped the Zloty trade in a narrow range against the euro and the US dollar, avoiding the volatility seen in some other emerging market currencies. Poland’s inflation rate, which stood at 4.2% in February, is projected to gradually decline toward the NBP’s 2.5% target by late 2026. However, risks from rising energy prices and robust domestic demand could delay the easing cycle. ING analysts believe the first rate cut is unlikely before the third quarter of 2026, barring a sharp economic downturn. Market Reaction and Outlook The Zloty’s resilience reflects broader investor confidence in Poland’s economic fundamentals. The country’s GDP growth, driven by strong consumption and EU fund inflows, remains above the eurozone average. ING’s report noted that the currency pair EUR/PLN is likely to stay near the 4.30 level in the near term, with a slight bias toward appreciation if global risk sentiment improves. For businesses and investors exposed to Polish assets, the stable Zloty reduces hedging costs and provides a predictable environment for trade. The NBP’s patience also signals that any monetary easing will be data-dependent, which markets generally view as credible and supportive of long-term stability. Implications for Importers and Exporters Polish importers benefit from a steady Zloty, as it keeps input costs predictable. Exporters, however, may find the currency’s strength a headwind if it persists, potentially affecting competitiveness in price-sensitive markets. The NBP’s cautious stance suggests it is willing to tolerate a moderately strong Zloty as part of its inflation-fighting strategy. Conclusion The Polish Zloty’s steady performance reflects the NBP’s disciplined monetary policy and Poland’s solid economic backdrop. ING’s analysis reinforces the view that patience remains the central bank’s guiding principle, with rate cuts likely deferred until inflation is firmly under control. For now, the Zloty offers a stable anchor in a region facing varied economic pressures. FAQs Q1: Why is the Polish Zloty remaining steady? The NBP has kept its key interest rate unchanged at 5.75%, signaling a patient approach to monetary policy. This stability, combined with Poland’s solid economic growth, supports the Zloty against major currencies. Q2: When will the NBP start cutting interest rates? ING analysts expect the first rate cut in the third quarter of 2026, provided inflation continues to decline toward the 2.5% target. Risks from energy prices and domestic demand could delay this timeline. Q3: How does the Zloty’s stability affect Polish businesses? A stable Zloty reduces exchange rate risk for importers, making costs more predictable. Exporters may face mild headwinds if the currency remains strong, but the overall environment supports trade and investment planning. This post Polish Zloty Steady as NBP Holds Rates, ING Sees Patient Approach first appeared on BitcoinWorld .

4 Jun 2026, 13:10

Binance to Launch ZESTUSDT and BTWUSDT Perpetual Futures With Up to 10x Leverage

BitcoinWorld Binance to Launch ZESTUSDT and BTWUSDT Perpetual Futures With Up to 10x Leverage Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of two new perpetual futures contracts: ZESTUSDT and BTWUSDT. The ZESTUSDT contract is scheduled to go live at 2:00 p.m. UTC today, followed by the BTWUSDT contract at 2:15 p.m. UTC. Both contracts will support up to 10x leverage, offering traders additional flexibility in their derivatives strategies. Contract Details and Timeline The new perpetual futures will be settled in USDT, Binance’s primary stablecoin for margin trading. Perpetual futures differ from traditional futures in that they have no expiration date, allowing traders to hold positions indefinitely as long as margin requirements are met. The 10x leverage cap means traders can amplify their exposure up to ten times the value of their collateral, though this also increases risk. Binance has not yet disclosed the underlying projects behind the ZEST and BTW tickers. However, listings on major exchanges often lead to increased liquidity and price discovery for newly introduced tokens. Traders should verify the contract specifications, including funding rates and maintenance margin levels, before engaging with these instruments. Market Context and Implications The addition of new perpetual futures contracts is a routine but significant activity for Binance, which maintains one of the largest derivatives markets in crypto. For traders, new listings can present both opportunities and risks. Early liquidity may be thin, leading to potential slippage, while funding rate volatility can impact the cost of holding positions over time. Binance has been expanding its derivatives offerings steadily, responding to demand for leveraged exposure to emerging tokens. The exchange’s listing process typically involves rigorous due diligence, though the specific criteria for ZEST and BTW remain undisclosed. Market participants should monitor official Binance announcements for any updates regarding margin tiers or risk limits. What This Means for Traders For active derivatives traders, these new contracts provide additional avenues for speculation and hedging. The 10x leverage cap is relatively conservative compared to Binance’s maximum offerings on major pairs, which can reach 125x. This suggests Binance may be exercising caution with newer or less liquid assets. Traders should also be aware that perpetual futures carry unique risks, including potential liquidation during volatile market conditions. As with any leveraged product, position sizing and risk management are critical. The launch timing—two contracts rolling out within 15 minutes of each other—may create overlapping trading activity, so traders should plan their entries accordingly. Conclusion Binance’s listing of ZESTUSDT and BTWUSDT perpetual futures expands the exchange’s derivatives catalog and offers traders new opportunities for leveraged exposure. While the underlying projects remain unconfirmed, the contracts are set to go live later today with standard perpetual futures mechanics. Traders are advised to review all contract specifications and manage risk appropriately before trading. FAQs Q1: What are perpetual futures? Perpetual futures are derivative contracts that allow traders to speculate on the price of an asset without an expiration date. They use a funding rate mechanism to keep the contract price close to the spot price. Q2: What does 10x leverage mean? With 10x leverage, a trader can open a position worth ten times their collateral. For example, $100 in margin can control a $1,000 position. While this amplifies potential profits, it also increases the risk of liquidation. Q3: When will the contracts be available? The ZESTUSDT contract launches at 2:00 p.m. UTC today, and the BTWUSDT contract launches at 2:15 p.m. UTC today. Both will be available on Binance’s futures platform. This post Binance to Launch ZESTUSDT and BTWUSDT Perpetual Futures With Up to 10x Leverage first appeared on BitcoinWorld .