Reports indicate that some of the payments could have been made in stablecoins, particularly Tether’s USDT, the largest stablecoin by market capitalization. The U.S. OFAC has warned that maritime companies executing such payments might be affected by upcoming sanctions.

Standard Chartered suspects Strategy could announce a large bitcoin buy on Monday, with estimates pointing to a buy of either 320 BTC or as much as 3,200 BTC. The outlook follows the company’s recent sale of 32 BTC and suggests a much larger accumulation could quickly shift attention back to institutional demand.

This week, bitcoin took a trip to its lowest price tag of 2026, slipping to $59,100 per coin and now sitting a touch more than 50% below the leading crypto asset’s all-time high above $126,000. Meanwhile, a hefty slice of the altcoin crowd has endured far steeper markdowns, with many well-known digital assets nursing losses exceeding 95% from their peak valuations.

Strategy’s CEO rejected rumors that the company’s bitcoin strategy has changed, reaffirming its goal of increasing both net bitcoin holdings and bitcoin per share. His comments aligned with Michael Saylor’s continued bullish outlook on BTC.

While bitcoin trades more than 50% beneath its all-time peak above $126,000 recorded last October, gold proponent Peter Schiff remains convinced the asset has considerably further to fall. This weekend, Schiff conducted a poll asking: “How low does bitcoin’s price have to fall before you bitcoiners concede that I’ve been right all along?” Among the more than 15,700 votes cast, “zero” emerged as the leading response by a wide margin.

Michael Saylor renewed attention on Strategy’s bitcoin plans after the company’s rare 32 BTC sale sparked debate among investors. His latest post shifted focus back to Strategy’s 843,706 BTC reserve and the possibility of future acquisitions.

Gold and silver have shed a combined trillion dollars in market value from their January peaks, with gold trading near $4,331 per ounce and silver around $67.30 on June 5, even as a live geopolitical conflict and above-target inflation would traditionally push precious metals higher.

Bitcoin ( BTC) is trading at $61,822 on June 7, 2026, at 8:35 a.m. EDT, caught between a deeply oversold momentum reading on shorter timeframes and relentless selling pressure from moving averages across the daily chart. The technical picture this weekend is mixed but carries a clear bearish lean, with the $63,000 level standing as the most consequential level on current charts.

This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story.

Hut 8 has priced $4.25 billion of senior secured notes to finance a large artificial intelligence (AI) data center project in Texas. The deal marks another major step in the company’s shift from bitcoin mining toward power-backed digital infrastructure.

Travala has launched an agentic AI travel protocol allowing autonomous agents to book more than 2.2 million hotels with minimal human intervention.

ETH Zurich researchers led by Renato Renner built a “perfect die” by entangling two qubits linked through a 30-meter tunnel with microwave photons, then refining the output with a two-source extractor. The Nature-published experiment yields random numbers whose unpredictability is certified by physics, pointing to applications in cryptography and gaming that classical generators cannot match.

Leopold Aschenbrenner just took Situational Awareness LP from $255M to $13.7B in only six quarters. His Q1 2026 filing dropped and one new move stands out as especially sharp. Full breakdown of what he’s doing with AI infrastructure stocks here 👇

Alla Bakina, Director of the Bank of Russia’s National Payment System Department, highlighted that most private banks in Russia are ready to provide digital ruble services on September 1. The currency will integrate with the existing universal QR code payment system.

7RCC Global has launched BTCK, an exchange-traded fund (ETF) that combines 80% bitcoin exposure with 20% regulated carbon credit futures. The fund gives investors a listed product that blends digital assets with environmental commodities.