June 16 (Cointime) - A Bitcoin address that has been inactive since June 2010 suddenly sprang to life on June 15, moving the entire balance of 50 BTC, valued at approximately $1.25 million. This is the first activity from the address in over 12 years. The transfer of 2010 block rewards is relatively rare nowadays and was more prevalent when Bitcoin's value was twice its current size.

June 16 (Cointime) - A recent study suggests that buying Bitcoin is generally more profitable than mining it, due to the high costs and difficulty of running ASIC miners, regulatory uncertainty, and lack of technical expertise.

BeezTrip, an emerging Web3 payment platform, supports the use of stablecoins USDT/USDC for flight bookings.

June 15 (Cointime) - According to Glassnode co-founders Yann Allemann and Jan Happel, Bitcoin is showing similarities to its pre-2020 breakout. Despite a 20% dip since reaching local highs of $31,000 in April, three BTC price metrics suggest optimism for the cryptocurrency. The relative strength index (RSI) is at levels that have led to major reversals and rallies, Cipher B readings are at levels that have also led to major reversals and rallies, and the Bitcoin Risk Signal is back at its September 4, 2020 position. Additionally, hodlers of all sizes are increasing their BTC exposure.

June 15 (Cointime) -Obi Nwosu, a long-time Bitcoin advocate, is developing a new project called Fedi with the goal of promoting mass adoption of the cryptocurrency. Fedi's approach involves "Federations," which allow communities to maintain control over their finances, data, and digital lives while safeguarding privacy and autonomy. Recently, Fedi launched a pop-up federation at BTC Prague, providing exclusive features such as access to event schedules, Lightning Network-based sats transfers, and chat messaging.

June 15 (Cointime) - Crypto lender Celsius has submitted a revised bankruptcy filing to a New York court after being acquired by Fahrenheit. The new plan involves selling all altcoins from customers (excluding Custody and Withhold accounts) and converting them into Bitcoin and Ethereum from July 1. However, the restructuring proposal may face opposition from borrowers who object to Celsius demanding repayment of loans without fulfilling contractual obligations to return collateral. Celsius has also requested permission to appoint Chris Ferraro as foreign representative for the UK, to safeguard assets there and acknowledge the US Chapter 11 as the "foreign main proceedings".

June 15 (Cointime) - Major banks and corporations, including BlackRock, Fidelity, and Bank of America, are increasing their exposure to Bitcoin through purchases of MicroStrategy (MSTR) stocks. This serves as a proxy investment for those not interested in buying Bitcoin directly. While institutions currently hold a significant amount of Bitcoin, they are largely underwater at current prices. Only a few of the top corporate holders have benefited from their investments in Bitcoin so far.

Bitcoin remained below $25,000 on June 15 after a reaction to changes in US economic policy led to three-month lows. The US Federal Reserve paused interest rate hikes, but Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to control inflation. Markets placed more than a 70% chance of a hike at the next Federal Open Market Committee meeting in July. Keith Alan, co-founder of monitoring resource Material Indicators, described Powell as "all bark, no bite".

Bitcoin has reached its lowest price point since mid-March, but it has still maintained its store of value properties and has outperformed gold by a significant margin this year.

Bitcoin's mining difficulty level reached an all-time high on Wednesday, rising by 2.18%. The level changes every two weeks and measures the computing power a miner needs to verify transactions on a block. A higher difficulty level means more competition to mine Bitcoin, which can reduce profits. The network's hashrate also hit a record high.