Here’s a quick recap of the crypto landscape for Friday (June 6) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$104,656, as markets opened, up 0.2 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$100,783 and a high of US$104,737.
Bitcoin price performance, June 6, 2025
Chart via TradingView
Ethereum (ETH) finished the trading day at US$2,606.52, a 2.8 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$2,408.52 and saw a daily high of US$2,596.13.
Altcoin price update
Solana (SOL) closed at US$152.16, up 1.0 percent over 24 hours. SOL experienced a low of US$142.38 in the final minutes of trading and reached a high of US$151.79.
XRP is trading at US$2.19, reflecting a 0.7 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.08 and a high of US$2.20.
Sui (SUI) peaked at US$3.15, showing an increaseof 1.5 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2.91, and its highest was US$3.19.
Cardano (ADA) is trading at US$0.6779, down 1.3 percent over the past 24 hours. Its lowest price of the day was US$0.6233, and it reached a high of US$0.6762.
Today’s crypto news to know
Strategy to raise nearly US$1 billion via stock offering to buy more Bitcoin
Strategy (NASDAQ:MSTR), the company known for its aggressive bitcoin acquisition strategy, is launching a nearly US$1 billion capital raise through its new 10 percent Series A STRD preferred stock.
The offering includes over 11 million shares and promises a high fixed yield, making it attractive to yield-hungry investors in a low-rate environment.
Unlike other Strategy offerings like STRK (convertible) or STRF (senior status), STRD offers the highest payout at 10 percent but comes with more risk due to its non-cumulative dividend and junior status. Dividends are only issued when declared, and the shares cannot be called under normal market conditions.
According to Strategy, proceeds will go toward “general corporate purposes,” which notably include expanding its bitcoin holdings.
UK set to lift ban on retail access to crypto ETNs
The UK’s Financial Conduct Authority (FCA) has announced plans to lift its ban on retail investors buying crypto exchange-traded notes (ETNs), a major shift from its earlier risk-averse stance.
Initially barred due to concerns over volatility and investor protection, the FCA now says consumers should have the right to choose whether these high-risk assets fit their portfolios.
David Geale, the FCA’s digital assets chief, said the move is part of a broader push to ‘rebalance’ the regulator’s approach to financial risk. The proposal enters a public consultation phase and would allow ETNs to be sold on FCA-registered investment exchanges.
However, the FCA emphasized that its separate ban on crypto derivatives for retail traders will remain in place.
This regulatory pivot follows the UK’s introduction of draft laws in April aimed at integrating crypto into the formal financial system.
Metaplanet plans US$5.3 billion warrant offering to scale Bitcoin treasury
Tokyo-based Metaplanet is taking its Bitcoin commitment to the next level with a massive US$5.3 billion stock warrant issuance, the largest of its kind in Japan.
The company is offering 555 million shares through stock acquisition rights, using a novel moving-strike pricing model that adjusts with market value—a first in the Japanese market.
This “555 Million Plan” follows an earlier US$600 million raise and is part of Metaplanet’s goal to hold over 210,000 BTC by 2027, approximately 1 percent of total bitcoin supply.
The vast majority of the proceeds—around 96 percent—will go toward direct BTC purchases, while a small fraction will support debt management and derivative strategies like selling puts.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
