Bitcoin ATM Giant CoinFlip Eyes $1B Sale Amid Crypto Acquisition Boom

CoinFlip, a leading Bitcoin ATM operator with a global presence, is exploring a potential sale that could value the company at $1 billion or more. This development comes as the cryptocurrency sector experiences a surge in mergers and acquisitions, driven by Bitcoin's rising price and growing mainstream adoption. The Chicago-based firm has already engaged an advisor to gauge buyer interest, although discussions are still in the early stages. With over 5,500 terminals worldwide, CoinFlip's potential sale highlights the increasing institutional interest in cryptocurrency infrastructure and services. This move aligns with the broader trend of high-profile crypto acquisitions in 2025, signaling continued confidence in the digital asset market's long-term growth prospects.

Bitcoin ATM Operator CoinFlip Explores Potential $1B Sale

CoinFlip, a Chicago-based cryptocurrency ATM operator with over 5,500 terminals worldwide, is considering a sale amid a surge in digital asset sector mergers. The company has enlisted an advisor to assess buyer interest, targeting a valuation of at least $1 billion. Talks remain preliminary, and a deal is not guaranteed.

The move aligns with a broader trend of high-profile crypto acquisitions in 2025, fueled by Bitcoin's price rally. Major players like Kraken, Ripple, and Coinbase have already sealed multi-billion dollar transactions this year, as firms seek to strengthen their market positions or prepare for public offerings.

Founded in 2015, CoinFlip has expanded internationally, operating in markets including Australia, New Zealand, and South Africa. Its physical terminals cater to users preferring in-person transactions or lacking access to digital platforms. The company previously secured seed funding in 2018 from investors such as Shoreline Venture Management and JetBlue's venture capital arm.

DN Miner Offers Free Bitcoin Cloud Mining to New Users

UK-based DN Miner has launched a program providing first-time users with $100 in free Bitcoin mining credits. The platform simplifies entry into cryptocurrency mining by offering browser-based access to remote data center computing power. "Our goal is to make crypto mining accessible to everyone," said a company spokesperson, emphasizing the initiative's focus on lowering technical and financial barriers.

The service features multiple investment plans with daily returns ranging from 3.0% to 4.8%, including a 1-Day Plan ($350 investment, $10.50 reward) and a premium 2-Day option ($12,000 investment, $1,152 reward). Users can monitor earnings and withdraw funds upon reaching the minimum payout threshold through an automated dashboard.

Bitcoin Price Crashes! Will BTC Drop Below $100K Today?

Bitcoin teeters on the edge of a psychological precipice, flirting with a drop below the $100,000 threshold. As of Thursday, June 5, the cryptocurrency trades at $100,992.72, marking a 4% decline over the past 24 hours. Market capitalization recoils to $2 trillion, with trading volume spiking 21% to $54 billion—a telltale sign of panic selling or forced liquidations.

Despite an overwhelmingly bullish community sentiment (82% positive), technical indicators paint a grim picture. Bitcoin's failure to hold the $104K-$105K consolidation zone has accelerated the downtrend. This slide mirrors a broader crypto market crash that has already erased $595 million in leveraged positions.

Crypto Whale's $16M Bitcoin Liquidation Sparks Market Debate on Reverse Signals

James Wynn, a prominent cryptocurrency investor, faced a dramatic $16.14 million bitcoin liquidation after narrowly avoiding margin calls days earlier. The high-profile event—triggered when BTC hovered near $101,623—has reignited discussions about reverse trading indicators in volatile crypto markets.

Wynn's defensive maneuvers included injecting 74,000 USDC as additional collateral during a critical $40 margin squeeze. While this temporarily preserved his Leveraged position, subsequent market turbulence ultimately proved insurmountable. Analysts highlight the episode as a cautionary tale about the razor-thin safety margins in high-stakes crypto trading.

Market observers note such liquidations often create reflexive price movements. Wynn's case exemplifies how whale activity can simultaneously reflect and influence market psychology—particularly when leveraged positions unravel during volatility spikes.

Bitcoin Bulls Eye $120K Amid Political Turmoil as Institutional Confidence Holds Strong

Bitcoin traded above $101,500 as Asian markets opened, demonstrating resilience despite fresh tariff uncertainties from the TRUMP administration. The cryptocurrency's relative stability contrasts with broader market volatility, as institutional traders maintain a bullish outlook for the remainder of 2024.

Semir Gabeljic of Pythagoras Investments notes traders are pricing in a 69% probability of BTC reaching $120,000 by year-end, according to Polymarket data. Persistent corporate buying and declining volatility continue to fuel this optimism, even as political developments inject short-term uncertainty.

Paris-based FlowDesk corroborates this sentiment, observing the market appears to be consolidating below all-time highs. The firm suggests Bitcoin is poised for a breakout, with institutional participation serving as a key catalyst for the next leg upward.

Uber Explores Crypto Payments Again, Eyes Stablecoins for Global Operations

Uber CEO Dara Khosrowshahi revealed the company is once again evaluating cryptocurrency payments, with a focus on stablecoins for cross-border transactions. The ride-hailing giant, which previously joined Meta's ill-fated Diem project, sees practical utility in stablecoins beyond speculative value.

"Stablecoins are one of the more interesting instantiations of crypto that have a practical benefit beyond being a store of value," Khosrowshahi said at the Bloomberg Tech conference. The remarks mark Uber's third public consideration of crypto payments since 2021, though no concrete implementation timeline was provided.

The executive drew a distinction between Bitcoin's established status as "a proven commodity" and stablecoins' operational potential for global enterprises. Uber's interest appears driven by international money movement efficiencies rather than balance sheet diversification.