Day: May 7, 2026

Bitcoin reserves hit 2023 lows but is the bottom confirmed?

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Bitcoin reserves on major exchanges are shrinking again, as CryptoQuant analyst Amr Taha reported sharp declines on Binance, OKX, and Gemini since February. Summary Binance, OKX, and Gemini saw nearly 100,000 BTC leave reserves since February, tightening supply. Analysts say Bitcoin must reclaim $88,880 to confirm strength and reduce overhead selling pressure. Whale realized prices near $66,000 to $70,600 remain key support if Bitcoin weakens again. The three platforms have seen almost 100,000 BTC leave their reserves. At a Bitcoin price near $81,300, that equals more than $8 billion in…

Trusted Volumes Confirms $6.7M DeFi Resolver Exploit

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TrustedVolumes, an independent market maker and resolver used by 1inch Fusion, confirmed it was exploited and said about $6.7 million in stolen funds are being held across three Ethereum addresses. In a Thursday X post, the market maker said the stolen funds were split across three wallets, with two addresses each holding about $3 million and a third holding about $700,000. TrustedVolumes said it was open to “constructive communication” over a bug bounty and a “mutually acceptable resolution.” The confirmation came after Web3 security company Blockaid said its exploit detection…

Bitcoin ETFs pull in $1.7B in five-day inflow streak

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U.S. spot bitcoin exchange-traded funds have extended their inflow streak to five straight sessions, drawing nearly $1.7 billion as institutional demand has continued alongside Bitcoin’s recovery above $80,000. Summary Bitcoin ETFs have attracted nearly $1.7 billion during a five-day inflow streak led by strong demand for BlackRock’s IBIT. Bitcoin price climbed back above $81,000 as easing tensions between the U.S. and Iran improved investor appetite for risk assets. According to SoSoValue data, the group of spot bitcoin ETFs recorded $46.3 million in net inflows on Wednesday after BlackRock’s IBIT brought…

Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion – Bitcoin News

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This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The Miami-based company said it signed a $9.8 billion triple-net lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces County, Texas. The unnamed tenant was described as a “high-investment-grade company” deploying infrastructure for AI training and inference workloads. The deal marks Hut 8’s second major AI data center commercialization after its previously announced River…

Bitcoin price reclaims $81K as Iran says U.S. peace proposal “under review”

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Bitcoin price rebounded back above $81,000 as investor risk-on sentiment improved after Iran signalled that it was reviewing a U.S. proposal to end the war between the two nations. Summary Bitcoin price rebounded above $81,000 after Iran said it was reviewing a U.S.-backed peace proposal that could reopen the Strait of Hormuz. Oil prices declined for a third straight day amid optimism around a potential U.S.-Iran ceasefire, supporting renewed risk appetite across crypto markets. Bitcoin’s Supertrend remained green while MACD formed a bullish crossover, with traders watching the $84,000–$85,000 zone…

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US Bitcoin Reserve Plan Nears Major White House Update

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White House crypto advisor Patrick Witt said the Trump administration will announce new details on the US Strategic Bitcoin Reserve within “the next few weeks,” framing the update as both a policy milestone and a custody response after an alleged exploit involving digital assets held by the US Marshals Service. Speaking at Consensus 2026 in Miami on Wednesday, Witt said the administration’s work on the Strategic Bitcoin Reserve, or SBR, and the separate digital asset stockpile had been progressing largely out of public view. The next announcement, he indicated, will…