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cryptoJun 4, 2026, 5:04 PM

Bitcoin Drops Below $62K, BitMine Plans $300M ETH Purchase, Hyperliquid Share at 6.63%

Bitcoin slid below $62,000, while BitMine announced plans to issue $300 million in shares to acquire Ethereum. Hyperliquid's share of the derivatives market reached 6.63%.

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Bitcoin briefly fell below $62,000, extending recent volatility. Mining company BitMine declared a $300 million share issuance to fund Ethereum purchases, underscoring institutional interest in the second-largest cryptocurrency.

In the derivatives space, Hyperliquid captured 6.63% of the market, signaling growing adoption of decentralized trading platforms. Meanwhile, Spacecoin outlined plans to launch a decentralized satellite network in Vietnam, aiming to expand blockchain connectivity.

Source: ForkLog