$3B in Bitcoin Options

On June 14, a massive amount of Bitcoin options will expire.

Welcome to Crypto Wire — clear, concise, and crypto-smart.

What we’ll cover today:

🛒 Shopify turns on USDC payments (by default)

📉 Bitcoin options worth $2.96B expiring — turbulence ahead

🎮 GameStop raises $2.25B and might go crypto shopping again

Source : PYMNTS

Shopify (ecomm giant), Coinbase (crypto nerds), and Stripe (payment pros) are teaming up to let US stores take USDC (a crypto dollar).

🚨 Breaking News:
Shopify will auto-enable USDC payments for U.S. merchants starting this month—powered by Coinbase’s Base blockchain and Stripe.

⚡Wire Simplified –

  • Shopify merchants can now accept USDC by default.

  • Coinbase built the backend on its blockchain (Base).

  • Stripe adds it directly into the payment system.

  • Merchants get up to 0.5% cash back on USDC sales.

  • USDC use in commerce is growing—Visa, PayPal, JPMorgan are already in.

✔️Straight to the Point:
Crypto just got really real for online stores. Shopify’s USDC move might pressure others to follow fast. Blink and you'll miss the stablecoin era.

🛍️ Would you pay for stuff online using USDC?

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Source : CryptoSlate

Bitcoin traders are nervous. $2.96B in option contracts (fancy bets on BTC’s future price) are expiring soon. That’s big.

🚨 Breaking News:
On June 14, a massive amount of Bitcoin options will expire. The market could swing hard based on where prices land.

⚡Wire Simplified –

  • $2.96B in BTC options are expiring Friday.

  • Max pain price is $107K; BTC is below that at $104K.

  • A “short squeeze” could send BTC up if price jumps.

  • ETH also has $678M in expiring options, leaning bearish.

  • Geo issues (Israel-Iran) + low volume = fragile market.

✔️Straight to the Point:
A lot of traders are sweating. Bitcoin might move a lot—up or down—depending on how these contracts settle. Buckle up.

📊 Will BTC jump after this option expiry?

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Source : Fast Company

GameStop (yes, the meme stock king) is selling $2.25B in convertible notes—fancy IOUs—to raise money. BTC fans, take notes.

🚨 Breaking News:
GameStop ups its convertible note offering from $1.75B to $2.25B. Investors get no interest—but possible crypto gains?

⚡Wire Simplified –

  • The raise could hit $2.7B if all notes are bought.

  • No interest paid; buyers bet on future stock value.

  • Funds might go to more crypto buys (hello, BTC).

  • GameStop is already one of the biggest Bitcoin holders.

  • Stock dropped 25% since the offer news—investors spooked.

✔️Straight to the Point:
GameStop’s not done surprising us. It’s raising big money, maybe buying more Bitcoin, and definitely making Wall Street nervous.

What do you think about today’s edition?

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Disclaimer:

This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.

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