A UAE-based private bank reportedly used the recent market correction to acquire €120 million in Bitcoin, though the claim lacks independent audit.
Kosta Gushterov
Journalist
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Latest articles by Kosta Gushterov
Bitcoin's price fell to $58,360 at the time of writing on June 30, down 2.99% on the day, dropping through a multi-day consolidation to retest the same zone that has marked the 2026 low since early June.
XRP is consolidating after a hard fall, and its derivatives market has quietly gone calm. Price sits at $1.0479 at the time of writing, down 5.6% for the week, having dropped from the $1.25 area through $1 in June.
Fundstrat's Tom Lee thinks crypto's weakness is a price problem, not a broken thesis. Speaking with Anthony Scaramucci on SALT, he laid out a wide-ranging bull case.
Ukraine has done something it has never done before: moved seized cryptocurrency into active state management rather than leaving it frozen.
Strategy adopted a five-component Digital Credit Capital Framework that, for the first time, formally allows the company to sell Bitcoin under specific, board-controlled conditions.
Speaking at ETHCC, Polygon's Chief Product Officer John Egan argued that crypto's killer use case turned out to be moving money, specifically stablecoins as a payment rail, not NFTs, DeFi speculation, or trustless infrastructure as an end in itself. "The killer use case for crypto is money," he said.
The story in XRP is a split screen: the derivatives market just went through a violent, one-sided purge of leveraged bets, while network usage keeps climbing.
Public companies now hold more Bitcoin than at any point in history, and the more striking part is that some of them kept buying as the price fell.
Fundstrat's Tom Lee has a specific analogy for where crypto sits right now, and it's worth unpacking.
While most of the crypto market has been selling on macro fears, Solana has been doing something different: rising.
ETH is trading at $1,550, and its liquidation map tells a lopsided story. Across Binance, OKX, and Bybit over the past 180 days, the leverage is almost entirely stacked on the short side, above current price. Below it, there's very little left.
