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Tariffs and trade tensions may positively impact bitcoin adoption, as Grayscale reports that these economic conditions can lead to stagflation, benefiting scarce assets like bitcoin and gold. The report suggests that a weakened U.S. dollar may open opportunities for alternative reserve assets, including cryptocurrencies. Historical trends indicate that bitcoin could thrive in an environment of dollar weakness and inflation.
Cantor Fitzgerald's $2 billion Bitcoin-backed lending arm has completed its first deals, marking a significant step in the integration of cryptocurrency into traditional finance. The firm aims to leverage its established financial infrastructure to facilitate crypto loans and attract institutional investors. This move reflects growing confidence in the cryptocurrency market and its potential for mainstream financial services.
Metaplanet, a Japanese investment firm, has purchased 1,004 Bitcoin for approximately $104.3 million, increasing its total holdings to 7,800 BTC, valued at around $806 million. This acquisition solidifies Metaplanet's position as the largest publicly listed corporate Bitcoin holder in Asia and the 11th largest globally.
Bitcoin Depot has disclosed a data breach affecting nearly 27,000 customers, revealing sensitive information such as names, phone numbers, and driver's license numbers. The breach was detected in June 2023, but public notification was delayed due to an ongoing federal investigation. Affected individuals are urged to remain vigilant for fraud, as no identity protection services are being offered.
Bitcoin prices are hovering around $113,000 as traders anticipate comments from Federal Reserve Chair Jerome Powell and upcoming core PCE inflation data. Analysts highlight the importance of maintaining the $115,200 level to avoid potential declines, while market stability appears to be returning after significant recent liquidations.
Bitcoin treasury companies are trading at significant premiums to their net asset values (NAVs) due to their access to leverage and capital markets, allowing them to accumulate more BTC. This premium reflects investor confidence in their growth potential and ability to amplify BTC exposure, but can become a liability in a bearish market if the premium collapses. The article highlights the importance of financial discipline and transparency for these companies to maintain their valuations.
Bitcoin is at a critical juncture as it approaches a potential parabolic phase or the end of its current bull market. Analysts are closely monitoring market indicators to determine whether Bitcoin can sustain its momentum or if it will face a downturn in the coming days. The outcome in the next 100 days could significantly influence its price trajectory.
US Treasury Secretary Bessent announced that the government will not purchase Bitcoin for a strategic reserve, stating instead that it will retain assets seized in crypto-related investigations. This decision comes amid a downturn in the cryptocurrency market.
Strategy has initiated a $2.1 billion at-the-market offering of its Series A Perpetual Strife Preferred Stock (STRF) to fund its ongoing acquisition of bitcoin. This move is part of a broader plan to raise a total of $84 billion for bitcoin purchases, reflecting a significant trend among corporations to build bitcoin treasuries. Analysts predict that such efforts could add $330 billion to bitcoin holdings over the next five years.
Abu Dhabi's sovereign wealth fund has announced a significant investment of $408 million in BlackRock's Bitcoin ETF, marking a notable entry into the cryptocurrency market by a major financial player. This move reflects growing institutional interest in Bitcoin and digital assets as part of a broader investment strategy.
BlackRock is planning to tokenize exchange-traded funds (ETFs) following its recent success with a Bitcoin fund. This initiative is part of a broader trend to leverage blockchain technology in traditional finance, aiming to enhance liquidity and accessibility for investors.
Metaplanet has increased its bitcoin holdings by acquiring 319 BTC, bringing its total to 4,525 BTC as part of its aggressive treasury expansion strategy. The company's recent purchases are supported by capital market activities and aim to enhance shareholder value, with a notable BTC yield of 95.6% for Q1 2025.
Coinbase has introduced 24/7 trading for Bitcoin and Ethereum futures, capitalizing on the growing demand in the derivatives market. This announcement follows their recent acquisition of Deribit, highlighting the exchange's strategic move to enhance its offerings in a trillion-dollar market.
Steak 'n Shake has introduced a new menu item called the Bitcoin Steakburger, featuring a bun printed with the Bitcoin logo. This creative offering is part of a larger trend of restaurants embracing cryptocurrency themes to attract customers and promote digital currencies.
Strategy has raised $2.521 billion by pricing 28 million shares of variable rate preferred stock, enabling the potential addition of 17,000 bitcoin to its treasury without diluting equity. TD Cowen maintains a bullish outlook on the company, with a buy rating and a price target of $680 per share.
The Smarter Web Company has acquired an additional 295 BTC for approximately $35.2 million, bringing its total holdings to 2,395 BTC. This positions the firm among the top 25 public bitcoin treasury companies, and it aims to further climb the ranks as it continues its aggressive acquisition strategy.
Metaplanet has purchased an additional 780 bitcoins, increasing its total holdings to 17,132 BTC, valued at approximately $2 billion. The company's shares rose 5% following the disclosure, outperforming the Nikkei 225 index. Metaplanet's BTC Yield metric has also shown significant growth, reflecting its successful bitcoin treasury strategy.
Following U.S. military strikes on Iranian nuclear sites, the crypto market experienced over $1 billion in liquidations, with Bitcoin's price falling below $100,000 for the first time in 45 days. The majority of liquidations affected long positions, while altcoins saw the steepest declines amidst growing concerns over potential disruptions in global oil trade.
Strategy, a cryptocurrency investment firm, has acquired 7,390 Bitcoin, but is now facing a lawsuit linked to its recent purchase. The legal action raises questions about the firm's operations and the implications for its investors.
Arkham Intelligence has revealed that 127,426 BTC, valued at $3.5 billion, was stolen from the LuBian mining pool in December 2020, marking it as one of the largest crypto heists in history. The firm suggests that weak private key generation may have allowed the theft to occur and notes that the stolen funds have largely remained untouched, with LuBian attempting to recover them by sending messages to the hacker. The current value of the stolen Bitcoin has risen to approximately $14.5 billion due to price appreciation since the theft.
BlackRock's IBIT spot Bitcoin ETF has exceeded 700,000 BTC in assets under management after 18 months of trading, commanding about 56% of the total assets held by U.S. spot Bitcoin ETFs. This milestone highlights IBIT's dominance, outperforming competitors like Grayscale's GBTC, which has seen a significant decline in its Bitcoin holdings.
U.S. Vice President JD Vance is set to speak at the Bitcoin 2025 Conference, highlighting the increasing political engagement with cryptocurrency. His participation is part of a broader trend of government officials addressing the growing significance of Bitcoin in the economy and society.
NYDIG has called for the removal of the misleading mNAV metric used by bitcoin treasury companies, arguing that it does not accurately reflect the value of firms with operational businesses and relies on potentially inaccurate assumed shares outstanding. The discussion was prompted by Strive Asset Management's acquisition of Semler Scientific, which combined their holdings of over 10,900 BTC and raised concerns about how investors evaluate bitcoin treasury firms.
Bitcoin mining has become highly unprofitable, with costs exceeding $137,000 to mine a single Bitcoin in the U.S. and approaching $200,000 in Germany. This drastic increase in expenses highlights the challenges facing miners amid fluctuating cryptocurrency prices and rising energy costs.
Bitcoin is currently trading above $111,000, experiencing minor gains while ether and the broader CoinDesk indexes perform better. With significant options expiration on the horizon, market sentiment indicates a potential push towards the $116,000 "max pain" level. Meanwhile, derivatives data shows mixed sentiment with traders hedging against potential price declines.
Bitcoin Core developers are proposing to remove the 80-byte size limit on OP_RETURN outputs, a move that has sparked significant debate within the community. While some argue it would improve network efficiency and reduce spam, critics worry about the potential for increased abuse and lack of consensus on the change.
The bitcoin to VIX ratio has reached a long-term trendline, which historically indicates a potential bottom for bitcoin prices amidst current market volatility. With the S&P Volatility Index at its highest since last August, this trendline suggests that bitcoin could be poised for a long-term bullish reversal, following patterns observed during previous market downturns.
American Bitcoin, co-owned by Eric and Donald Trump Jr., experienced a nearly 17% increase in stock price during its Nasdaq debut, reaching $8.04 per share. The company combines Bitcoin mining and market purchases, leveraging significant assets to enhance its growth potential.
Bitcoin is experiencing significant accumulation across all wallet sizes, with on-chain data indicating that smaller holders are absorbing more than the monthly issuance of new BTC. This trend, reflected in the high Accumulation Trend Scores for various cohorts, suggests a strong buying pressure that has not been seen since late 2024 and early 2025.
Ethereum is approaching a critical price level that could see it matching Bitcoin's previous gains, which were around 450%. Market analysts are closely monitoring this trend, as a breakout could signal significant bullish momentum for Ethereum.
A prominent trader on Hyperliquid, who previously made headlines for a $150 million profit from shorting during a crypto crash, has opened another significant short position valued at over $160 million. Speculation connects this trader to Garrett Jin, the former CEO of BitForex, although these links remain unverified.
Metaplanet CEO Simon Gerovich defends the company's bitcoin treasury approach, emphasizing long-term value creation despite recent share price declines. He highlights the company's substantial bitcoin holdings and asserts confidence in their strategy to achieve significant corporate growth in the future.
Bitcoin transaction fees have surged to their highest levels in 2025, coinciding with BTC's challenge of the recent $106,000 price peak. This increase in fees highlights the growing demand for Bitcoin transactions amid fluctuating market conditions.
Project Eleven announces a $6 million seed round to develop quantum-resistant solutions for Bitcoin and other digital assets, addressing the imminent threat posed by quantum computing to current cryptography. Their first product, yellowpages, is designed to generate quantum-safe keys for Bitcoin ownership while facilitating necessary upgrades to blockchain protocols. The initiative aims to not only preserve digital asset security but also leverage quantum technology to create innovative financial systems.
10X Research recommends a bearish options strategy on MicroStrategy (MSTR) as its stock price diverges from Bitcoin's bull run, indicating waning investor enthusiasm. The suggested bear put spread could profit if MSTR falls to $300 or lower by June 27, despite Bitcoin reaching record highs. This divergence raises concerns about the disconnect between Bitcoin's strength and MSTR's fading momentum.
Ethereum's ether has surpassed the $4,000 mark, achieving a 29% increase in price year-to-date, slightly ahead of Bitcoin's 28% rise. Institutional demand has driven significant inflows into ETH-based funds, totaling over $9 billion since July 2024.
Bitcoin has dipped to $122,000, marking a 3% pullback from recent highs, while major altcoins like XRP and ADA experienced even greater declines. Analysts warn that the current crypto rally appears overheated, with strong BTC inflows and derivatives activity suggesting a potential short-term market shakeout. The pullback follows a significant surge in Bitcoin prices, raising concerns about sustainability and market stability.
JPMorgan Chase will now allow clients to purchase bitcoin, although CEO Jamie Dimon remains skeptical about the cryptocurrency, citing concerns over its use in illegal activities. The bank plans to provide access to bitcoin ETFs, marking a shift from its previous focus on futures-based products. Dimon's critical stance on bitcoin has been consistent, as he views it as largely associated with criminal activity.
Coinbase is launching its bitcoin rewards credit card for all users on its waitlist, allowing cardholders to earn between two to four percent back on purchases based on their asset holdings. The card, issued in partnership with Cardless and First Electronic Bank, offers additional benefits through the American Express Network. Early adopters have significantly increased their engagement with the Coinbase platform, contributing over $200 million in additional assets.
Global crypto investment products saw a significant rebound with $921 million in net inflows last week, driven by optimism over potential U.S. interest rate cuts. Bitcoin funds contributed most to the inflow with $931 million, while Ethereum experienced its first net outflows in five weeks, totaling $169 million.
Donald Trump's Truth Social has filed with the SEC to introduce a "Crypto Blue Chip" ETF, which will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). This move follows a partnership with Crypto.com and Yorkville America Digital to promote American-made digital asset ETFs, amid a shift towards a more crypto-friendly regulatory environment.
Bitcoin has surged to a new all-time high of $109,486, driven by significant inflows into spot exchange-traded funds and positive regulatory developments in the U.S. Analysts believe this rally is more sustainable than previous ones due to favorable market conditions and a lack of speculative enthusiasm.
An undercover FBI agent made a $250 Bitcoin payment to apprehend an alleged hacker known as "IntelBroker," who had been involved in numerous data breaches. The investigation highlighted the effectiveness of tracking small transactions on the blockchain, leading to the suspect's arrest in France after causing substantial financial losses.
Michael Saylor's strategy has paused Bitcoin purchases after accumulating 80,715 BTC during a significant buying spree in Q1, which totaled $7.69 billion. Saylor hinted at potential new purchases via a social media post, indicating that the company's current holdings of 528,185 BTC represent over 2.5% of the total supply, valued at approximately $44.59 billion.
Ethereum investment products have seen a significant surge, generating $286 million in net inflows for the seventh consecutive week, marking its strongest performance since 2024. In contrast, Bitcoin-based funds experienced net outflows of $8 million during this period, reflecting a shift in investor sentiment amid market volatility.
President Trump has expressed his support for the Bitcoin bill introduced by Senator Cynthia Lummis, which aims to provide a regulatory framework for cryptocurrency. This endorsement could significantly impact the legislative landscape surrounding digital currencies in the United States, potentially encouraging further adoption and investment in Bitcoin.
The article forecasts a robust crypto market in early 4Q25, driven by strong liquidity and favorable macro conditions, particularly for bitcoin. It challenges the belief in significant seasonal effects on crypto performance, particularly the "September effect," suggesting that historical trends lack statistical significance and may mislead investors.
U.S. military leadership is advocating for the establishment of a strategic reserve of Bitcoin as part of the U.S. financial system, highlighting its potential to enhance security and resilience against adversaries. Senator Cynthia Lummis supports this initiative, emphasizing the importance of integrating cryptocurrencies into national defense strategies.
Coinbase is set to launch a yield-bearing Bitcoin fund aimed at institutional investors, enabling them to earn interest on their Bitcoin holdings. This initiative highlights the growing interest in cryptocurrency investment products among institutions and reflects the evolving landscape of digital asset management.
Congressional legislation is required for the establishment of a Bitcoin reserve, emphasizing the necessity for regulatory clarity and support from lawmakers to facilitate the integration of Bitcoin into the financial system. The move aims to enhance the legitimacy of cryptocurrency assets within the economy.
The article discusses the relationship between Bitcoin and the International Monetary Fund (IMF), highlighting Bitcoin's potential as an alternative to traditional financial systems and the IMF's role in global monetary policy. It examines the implications of Bitcoin's decentralized nature and the challenges it presents to established financial institutions.
Bitcoin treasury companies are struggling significantly as their stock values plummet, with losses ranging from 38% to 94% over the past three months amid a broader downturn in the cryptocurrency market. Executives are actively defending their business models on social media, but investor confidence remains low, raising concerns about the industry's future. The situation echoes past crypto market failures, suggesting that a recovery may require more than just a rising bitcoin price.
Luxembourg's sovereign wealth fund has made a significant investment in Bitcoin exchange-traded funds (ETFs), signaling a growing acceptance of cryptocurrencies among institutional investors. This move aligns with the fund's strategy to diversify its investment portfolio and capitalize on the potential of digital assets.
Crypto investment products saw $286 million in inflows, with Ethereum-based funds leading for the second week amid slowing growth due to Federal Reserve policy uncertainty. Bitcoin investment products, however, experienced continued net outflows, signaling a shift in investor sentiment.
The article discusses the recent minting of Tether (USDT) and its potential impact on Bitcoin's price. It explores the correlation between USDT issuance and Bitcoin market movements, suggesting that increased liquidity from USDT could drive Bitcoin prices higher. Key metrics and market sentiment are analyzed to understand this dynamic better.
Steak n’ Shake's COO Dan Edwards announced that the fast-food chain has seen a 50% reduction in processing fees since starting to accept bitcoin payments. This move not only benefits customers and the company but also aligns with their goal of providing more payment options. Looking ahead, the company plans to explore further technological innovations, including robo-taxis and drones.
The article discusses the recent developments in Bitcoin market stability, particularly in relation to the potential approval of Bitcoin exchange-traded funds (ETFs). It highlights how these ETFs may contribute to a more stable market environment for Bitcoin and attract institutional investors.
Strategy has purchased an additional 13,390 BTC for approximately $1.34 billion, increasing its total holdings to 568,840 BTC. The acquisitions were funded through sales of class A common stock and preferred stock, with the company now holding over 2.7% of Bitcoin's total supply, reflecting significant gains despite recent market volatility.
Arizona Governor Katie Hobbs has vetoed HB 2324, a bill that aimed to create a Bitcoin and Digital Assets Reserve Fund for managing crypto acquired through criminal forfeiture. This decision comes amid other legislative efforts in the state related to cryptocurrency, including a proposal to expand the definition of legal tender to include digital assets.
Strategy, formerly known as MicroStrategy, has purchased an additional 1,045 bitcoin for $110.2 million, increasing its total holdings to 582,000 BTC. The acquisitions were funded through the sale of its perpetual preferred stocks, and the company's total bitcoin investment now exceeds $40.8 billion, yielding significant paper gains.
Bitcoin's recent surge to an all-time high has cooled as traders took profits ahead of the crucial U.S. Consumer Price Index report. The price dropped over 4% to around $117,000, with analysts suggesting that upcoming inflation data could influence Federal Reserve policy and impact market sentiment for cryptocurrencies.
Coinbase has purchased $150 million in bitcoin, increasing its long-term investment portfolio to $1.3 billion, but the company is careful to clarify that its strategy is not akin to that of bitcoin maximalists like Michael Saylor. CEO Brian Armstrong emphasizes that Coinbase is focused on being an operating company in the crypto space, investing profits back into various crypto assets rather than solely identifying with bitcoin. This approach reflects a commitment to the crypto sector while avoiding the risks of a treasury strategy heavily tied to bitcoin holdings.
Bitcoin reached a record price of $124,480, continuing its summer rally, driven by an influx of companies investing in the cryptocurrency and supportive policies from the Trump administration. The digital asset has surged 30% in value this year, propelled by the opening of US retirement plans to crypto investments and the rise of "bitcoin treasury" companies.
Charles Schwab's CEO, Rick Wurster, announced plans to introduce spot trading for Bitcoin and Ethereum, highlighting a growing interest from clients in cryptocurrency. With clients already holding significant amounts of crypto ETFs, Schwab aims to compete with traditional crypto exchanges by integrating these assets into its service offerings.
Strategy has purchased an additional 4,020 bitcoins for approximately $427 million, bringing its total holdings to 580,250 BTC. The acquisition was funded through proceeds from recent stock sales, and the company continues to attract interest from other institutions looking to build bitcoin treasuries.
Block, Inc. has announced the upcoming launch of bitcoin payments on its Square platform, which will be demonstrated at the Bitcoin 2025 event in Las Vegas. The feature will utilize the Lightning Network for fast, low-cost transactions and is expected to roll out to eligible sellers in the second half of 2025. This move aims to enhance the accessibility and usability of bitcoin for both merchants and customers.
Fidelity Investments has launched a cryptocurrency-focused individual retirement account (IRA) allowing U.S. citizens to invest in bitcoin, ether, and litecoin. The new offering includes three types of IRAs: Roth, Traditional, and Rollover, aimed at meeting the evolving investment needs of customers.
A solo bitcoin miner successfully mined block 899,826 and earned approximately $330,000 using CKpool’s software by renting additional hash power. The miner increased their hash rate significantly to improve their odds against a total network rate of 796 EH/s. This achievement marks a rare success in solo mining, showcasing the potential for individual miners to compete in the bitcoin network.
Some bitcoin mining firms in the U.S. are reportedly underreporting the value of their ASIC shipments to evade customs duties, particularly in light of new tariffs imposed by the Trump administration. As U.S. Customs and Border Protection increases scrutiny on these imports, miners are facing challenges in navigating the complexities of compliance, leading to a reconsideration of their operations and potential slowdowns in new projects.
A disappointing U.S. jobs report revealed only 22,000 job additions in August, raising expectations for Federal Reserve rate cuts, yet Bitcoin's price remains stagnant below $112K. This bearish trend, marked by a double top formation, hints at potential further declines, despite the anticipated easing of monetary policy. Analysts suggest that volatility in Treasury yields may impact Bitcoin's trajectory moving forward.
The article discusses the phenomenon of Bitcoin treasury firms potentially front-running a significant increase in Bitcoin adoption, referred to as "hyperbitcoinization." It highlights insights from Adam Back, emphasizing the implications for businesses and investors as the cryptocurrency landscape evolves.
El Salvador has decided to distribute its Bitcoin holdings across multiple wallets to enhance security and manage risks effectively. This move comes as part of the government's ongoing strategy to integrate cryptocurrency into its national economy while addressing concerns about potential vulnerabilities associated with holding large amounts of Bitcoin in a single wallet.
Block's Square is enhancing its offerings for restaurant clients by improving voice ordering, cost control systems, and integrating artificial intelligence tools, while also increasing bitcoin payment options. The company aims to attract more restaurant clients amid rising competition from rivals like Toast and Clover in the $1.5 trillion U.S. restaurant industry. Square's upgrades are part of a broader strategy to help businesses optimize operations and compete with larger chains.
JPMorgan analysts assert that Bitcoin's current price is undervalued compared to gold, projecting a potential rise to $126,000 by year-end. They attribute this optimism to declining volatility and increased corporate treasury purchases, which are stabilizing Bitcoin's market dynamics.
Financial markets are experiencing significant fear as President Trump's tariff announcements have led to steep declines in both equities and cryptocurrencies, with Bitcoin dropping over 8%. Major global stock indices, including those in Hong Kong and Europe, have also faced substantial losses, while U.S. bonds are gaining traction as a refuge for investors amid the turmoil. Upcoming events in the crypto space include several network upgrades and regulatory discussions that could impact the market further.
Bitcoin's volatility has reached a 20-month low, alongside a significant drop in monthly transactions, marking the lowest activity since October 2023. Despite this decline, U.S. spot Bitcoin ETFs have seen record cumulative inflows, approaching $50 billion, indicating strong institutional demand for BTC.
Bitcoin's price has stabilized around $105,500 after a recent high of $111,800, with analysts expressing a cautiously optimistic long-term outlook. Key support levels are identified, and while institutional focus drives the market, altcoins are being overshadowed. There is uncertainty among traders about whether this is a temporary pause or the start of a new bullish trend.
Crypto-related stocks, particularly bitcoin miners pivoting to AI, experienced significant losses on Wall Street, with Galaxy Digital dropping 15% and miners like Bitfarms and Cipher Mining suffering steep declines. Bitcoin remains steady around $108,000 but has fallen from $114,000, reflecting a broader risk-off sentiment in the market as investor optimism wanes. The market capitalization of AI-related companies has also decreased from over $95 billion to about $82 billion.
A new Bitcoin protocol has been introduced that simplifies the process of making payments, enhancing the user experience for transactions. This update aims to streamline operations and reduce the complexity associated with Bitcoin payments, potentially increasing adoption among users and merchants alike.
GameStop has announced a $1.75 billion convertible senior note offering to further its bitcoin treasury strategy, following its acquisition of 4,710 bitcoins in May for around $500 million. The company aims to use the proceeds for investments aligned with its investment policy, which includes adding bitcoin as a reserve asset. Following the announcement, GameStop's shares fell by 10% in after-hours trading.
Scattered Lapsus$ Hunters has initiated a crowdsourced extortion scheme, offering $10 in Bitcoin to individuals who will pressure executives of organizations they claim to have breached into paying ransoms. The group has already reportedly paid out $1,000 and lists 39 alleged victims on its data leak site, threatening further action if demands are not met by a specified deadline. Despite claims of a breach, Salesforce has stated that there is no indication of compromise on its platform.
The SEC has approved Grayscale's Digital Large Cap Fund, which is primarily composed of Bitcoin and Ethereum, potentially paving the way for more cryptocurrency ETFs. This decision reflects a more favorable regulatory environment for crypto assets, with the SEC also exploring various other ETF proposals.
Market positioning data as of September 1, 2025, reveals a significant divergence between Bitcoin (BTC) and Ethereum (ETH), with BTC showing heavy long positioning while ETH remains neutral. Institutional interest in ETH ETFs surged, attracting $3.87B in net inflows, indicating a growing appetite for altcoins as speculative activity increases.
BlackRock's Bitcoin ETF, IBIT, has seen significant inflows of $2.8 billion recently, with Michael Saylor predicting it will become the world's largest ETF in a decade. Currently valued at $54 billion, IBIT's growth would require extraordinary daily inflows to surpass the Vanguard S&P 500 ETF's market cap of $593.5 billion. Analysts note an increase in the annualized basis trade for bitcoin ETFs, indicating a rising risk appetite among investors.
A trader who previously made $192 million by shorting Bitcoin during a recent market crash has opened a new $163 million short position on the cryptocurrency, raising speculation about possible insider knowledge due to the timing of a recent tariff announcement. Operating on the decentralized exchange Hyperliquid, the trader's position is highly leveraged and has already yielded profits, contributing to concerns about market stability amid ongoing volatility.
An OG bitcoin whale has resumed selling, depositing 1,176 BTC worth approximately $136.2 million to Hyperliquid after previously swapping over $4 billion in BTC for ETH. This activity follows a notable trend where spot Bitcoin ETFs saw significant outflows while Ethereum ETFs experienced large inflows.
Barry Silbert, CEO of Digital Currency Group and Yuma, shares insights on the evolution of the cryptocurrency market and his belief that Bittensor may become the next Bitcoin. He reflects on his experiences in the industry and discusses the implications of Bitcoin's volatility and the emerging trends in crypto.
Mayor Eric Adams has called for the elimination of New York's BitLicense in an effort to attract crypto businesses back to the city during his speech at Bitcoin 2025 in Las Vegas. He also proposed the creation of a BitBond, a municipal bond backed by bitcoin, aimed at raising capital and providing tax benefits for residents.
Bitcoin's price has fallen below $80,000, dropping over 3% in just two hours due to macroeconomic uncertainty following U.S. President Trump's tariff announcements. The decline has impacted the broader cryptocurrency market, with the top 30 cryptocurrencies down over 6% in the past day, while Ethereum has experienced a nearly 8% drop.
James Wynn, a prominent crypto trader, faced full liquidation after placing high-leverage bets on Hyperliquid, resulting in a net loss exceeding $17 million. His downfall was triggered by a $1.25 billion long position on Bitcoin, which led to significant losses as prices fell amid market volatility. Despite the setback, Wynn remains optimistic about his trading future, stating he will continue to take calculated risks.
El Salvador's finance officials reveal the country hasn't acquired Bitcoin since February 2025, contradicting President Bukele's previous claims of daily purchases. The IMF report clarifies that increases in Bitcoin reserves are due to consolidation from existing government wallets, not new acquisitions. Bukele continues to assert that Bitcoin purchases will persist despite IMF agreements.
Starknet has introduced a bitcoin staking mechanism allowing holders to earn rewards while maintaining custody of their BTC. Supported by a $12 million incentive program and a new yield strategy from Re7 Capital, this initiative aims to enhance the utility of bitcoin within the Starknet ecosystem.
Ming Shing, a construction firm based in Hong Kong, has signed a $482.9 million agreement to acquire 4,250 BTC at an average price of $113,638 each. The company's shares spiked 29% following the announcement, reflecting investor optimism about the potential appreciation of Bitcoin.
Over 1.5 million crypto traders faced liquidation as nearly $10 billion in open interest was erased following President Trump's announcement of 100% tariffs on Chinese imports. Bitcoin and Ethereum saw the largest losses, with significant drops in their market prices, while one trader reportedly profited $190 million from short positions during the turmoil.
Texas Governor Greg Abbott has signed a bill establishing a strategic Bitcoin reserve, making it the third U.S. state to do so. The reserve will be managed by the Texas Comptroller and is expected to involve investments of tens of millions of dollars into Bitcoin.
Congressman Miguel Luis Villafuerte has proposed a bill for the Philippines to establish a strategic reserve of 10,000 BTC, with the central bank buying 2,000 BTC annually for five years and a 20-year lockup on the assets. The reserve can only be used to pay off government debt, reflecting the growing importance of bitcoin as a national asset.
Coinbase is set to launch the Coinbase One Card in partnership with American Express, offering users up to 4% rewards in bitcoin on purchases. This initiative reflects a growing trend among crypto exchanges to provide payment cards, while also signaling Coinbase's interest in expanding its perpetual futures trading offerings in the U.S.
Bitcoin has reached a new all-time high of over $125,000, driven by "Uptober" momentum despite a U.S. government shutdown. Analysts suggest that recent price movements may indicate an accumulation phase, with easing selling pressure from long-term holders and increased interest in decentralized assets.
Ukraine has announced plans to potentially establish a national Bitcoin reserve, signaling a significant move towards integrating cryptocurrency into its financial framework. The initiative aims to bolster the country's economic stability amidst ongoing challenges.
The article discusses key lessons learned from the management of Bitcoin treasuries, focusing on best practices and strategies for effectively handling cryptocurrency assets. It emphasizes the importance of risk management and the impact of market volatility on treasury operations.