Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
U.Today has prepared the top three news stories over the past day.
Coinbase hit with $429 million Bitcoin from BlackRock: What's going on?
Yesterday, June 2, Lookonchain reported on its X account a 4,113 BTC deposit to Coinbase Prime made by BlackRock. The worth of the deposit is estimated at approximately $429 million. This is BlackRock's first move to sell in more than a month of consistent buying. The transactions were large, with most of them carrying exact chunks of 300 BTC, suggesting that it was a planned move rather than an accident. The destination is also notable, as Coinbase Prime is mainly used by institutions for selling or rebalancing, not just for moving funds around. BlackRock's IBIT had been consistently buying in May, but on May 30, it experienced a major outflow of over $430 million. This lines up closely with the Bitcoin transfer in question, pointing to the timing being intentional. Meanwhile, Bitcoin's price has declined from over $112,000 to around $104,000 in recent days.
Ripple makes massive transfers as XRP celebrates 13th birthday
According to data provided by Whale Alert blockchain tracker, on Sunday, June 1, 330 million XRP tokens were transferred from an unknown wallet to Ripple. The transfer followed by 670 million XRP locked in escrow, which typically happens on the first day of the month. These are the tokens from Ripple's own XRP holdings, and the automatic release of one billion tokens is expected later this week. Additionally, Ripple transferred 130 million XRP to unknown wallets in three separate transactions. These movements coincided with XRP’s 13th anniversary; on June 2, 2012, Ripple cofounder Arthur Britto submitted lines of code that created 100 billion XRP tokens. Currently, XRP is the fourth-largest cryptocurrency, with a $131 billion market cap. Following Ripple's victory over the SEC, XRP saw a significant surge in the fourth quarter, solidifying its position among the top 10 cryptocurrencies.
Saylor’s Strategy makes new Bitcoin buy, now holding 580,955 BTC
As announced by Michael Saylor on X, yesterday, Strategy added another 705 BTC worth around $75.1 million to its holdings. At the moment, the company owns a total of 580,955 Bitcoins valued at over $60 billion at current prices. According to Saylor, the total cost of Strategy's entire Bitcoin holdings is approximately $40.68 billion, with an average price of $70,023 per Bitcoin. Strategy has been consistently making near-weekly Bitcoin purchases, with its founder hinting at an upcoming acquisition the day before on social media. This time, on June 1, Saylor wrote in his X post that orange was his "preferred color," publishing a chart showing his company’s BTC purchases in orange dots. As of now, according to Saylor's post, Strategy has gained a Bitcoin yield of 16.9% YTD in 2025.
Vladislav Sopov
U.Today Editorial Team