Author: boss

Zama Accelerates Compliance Push After Court Reverses $12.5M USDC Freeze

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Privacy-focused blockchain protocol Zama said it will accelerate compliance measures and proceed with its confidential USDC launch after a US court lifted a temporary freeze on about $12.5 million in USDC held in its cUSDC smart contract, according to a Tuesday X post by co-founder Rand Hindi. The freeze, first reported by Cointelegraph on Saturday, stemmed from a temporary restraining order obtained in connection with an ongoing dispute involving stakeholders of an unrelated project, Overnight Finance. Circle froze the funds after receiving the court order, even though Zama was not…

U.S. stocks are pulling capital away from Bitcoin: Binance Research

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Bitcoin has fallen below $70,000 as capital continues to flow toward a narrow group of high-performing U.S. equity sectors, according to a new analysis from Binance Research. Summary Binance Research linked Bitcoin’s recent weakness to record levels of capital concentration in U.S. equities, with AI, defense, and energy sectors attracting investor flows. Bitcoin has remained under pressure as ETF outflows exceeded $3.4 billion over 11 trading days, while Mt. Gox wallet transfers and macro uncertainty weighed on sentiment. Binance Research said past periods of extreme stock market concentration were often…

86% Long Liquidation Wave Exposes Bitcoin’s Breakdown Below $68K as ETF Pressure Builds

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Key Takeaways Bitcoin hit an intraday low of $67,521 on Bitstamp as ETF outflows and liquidations hit traders. Strategy sold 32 bitcoin, adding pressure to BTC sentiment after May’s outflows. Binance saw a $23.99M BTCUSDT liquidation as traders watched the $68K zone. Market data placed bitcoin’s low at $67,521 on Bitstamp’s one-hour chart as of June 2, with the asset falling from the roughly $73,900 area in about 24 to 48 hours. That marks an 8% move in a short window, with lower highs, lower lows, and red candles defining…

Georgia Announces Crackdown on Illegal Bitcoin Mining

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Georgia will reportedly install electricity meters across villages and settlements in Mestia as part of a crackdown on illegal crypto mining that officials say is straining the region’s power grid. Vice Prime Minister Mamuka Mdinaradze said Monday that illegal mining had pushed Mestia’s electricity consumption to 133 million kilowatt-hours in 2025, more than 13 times the level of comparable municipalities, according to local outlet 1tv. Large-scale illegal mining operations have led to deteriorating energy supply and grid overload, resulting in numerous outages in the region, affecting both residents and tourists,…

Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom

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Ethereum’s funding rate climbed to its highest level since August 23, 2025 on May 31, even as the token slipped below the $2,000 mark. The move pointed to heavy long positioning, and that crowding showed up again on June 1 when about $84 million in long ETH bets were wiped out. Citigroup Sees Tokenization Breakout Citigroup’s new Tokenization 2030 report put the tokenized asset market at $17 billion today and projected a base-case value of $5.5 trillion by 2030. The bank also laid out a wider range, with a low…

Capital B proposes €5 billion stock issuance to fatten Bitcoin treasury

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Capital B has sought shareholder approval to authorize up to €5 billion in new equity issuance and €116 billion in credit instruments as the French Bitcoin treasury company pushes for additional capital to expand its Bitcoin holdings. Summary Capital B is seeking shareholder approval to authorize up to €5 billion in new equity issuance and €116 billion in credit instruments for future fundraising. The company has increased its Bitcoin holdings to 3,139 BTC after recent purchases funded in part by capital raised from institutional investors. The proposal comes as several…

Why Bitcoin ETFs are seeing record outflows

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US spot Bitcoin ETFs just posted the longest withdrawal streak in their history. Across nine consecutive trading sessions in late May 2026, extending toward a tenth, investors pulled roughly $2.8 billion out of the funds, with the total nearing $2.97 billion at its peak.  Summary U.S. spot Bitcoin ETFs posted a record nine-day outflow streak in late May 2026. Roughly $2.8B left the funds, while BlackRock’s IBIT lost about $2.04B across the streak. A $1.29B IBIT dark-pool block pointed to institutional reallocation, not broad retail panic. Macro pressure, AI stock…

HIVE Bitcoin Holdings Fall as Revenue Hits Record $298M

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Canadian Bitcoin miner HIVE Digital Technologies’ Bitcoin holdings fell by 331 BTC in the latest quarter, even as the miner reported a sharp rise in annual revenue from Bitcoin mining and high-performance computing (HPC). The company reported holdings of 150 Bitcoin (BTC) in its fiscal year update on Monday, down from 481 BTC at the end of Q4 2025, according to company figures and CoinGecko data. The 331 BTC reduction represents about $23 million in value at current prices, with Bitcoin trading roughly 21% lower year-to-date. HIVE did not explicitly…

NY Lawsuit Served a 2011 Bitcoin Wallet — Owner Moves $2.54M to Prove It’s Not Abandoned

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Key Takeaways A bitcoin wallet dormant since 2011 moved 35.55 BTC on June 2, directly undermining Noah Doe’s abandoned-property claim. Galaxy Research’s Alex Thorn flagged the move, noting the address was Salomon-dusted in the $293B NY lawsuit. A New York default judgment is expected by late June 2026, though full title transfer remains legally unlikely. The Move Noah Doe Likely Did Not Expect Galaxy Research flagged the transaction in real time. The address, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, received its first coins on March 27, 2011, when one bitcoin traded for roughly $0.87, weeks…

HIVE Bitcoin holdings fall as revenue jumps to record $298M

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HIVE Digital Technologies ended fiscal 2026 with a smaller Bitcoin treasury even as revenue hit a record high, showing how miners are balancing growth, costs and AI expansion. Summary HIVE held 150 Bitcoin at year-end after mining 2,885 BTC and growing revenue 158% annually. HPC revenue rose 94% to $19.5M, while contracted recurring revenue reached $35M by year-end filings. HIVE plans a 320MW Toronto AI gigafactory for over 100,000 GPUs from late 2027, management. HIVE reported 150 Bitcoin in digital asset holdings as of March 31, 2026. That was down…