Prediction market traders are placing low odds on Bitcoin reaching fresh record highs this year despite renewed enthusiasm around cryptocurrencies and expectations of lower US interest rates. A market on the Polymarket platform showed just a 1% chance of Bitcoin hitting US$150,000 by 30 June 2026, based on trading seen on Monday. The odds improved...

A global bond sell-off wiped $670 million in leveraged crypto longs as the U.S. 10-year yield hit its highest level since February 2025, with rate-cut odds collapsing to 2%. 

Key Takeaways Bitcoin Depot filed for Chapter 11 on May 18 to wind down operations and sell assets. The company said its Bitcoin ATM network is offline. The filing follows falling revenue, litigation costs and regulatory pressure. Crypto ATMs now face a harder business case as fraud concerns and compliance costs rise. Bitcoin Depot has...