Author: boss

Bitcoin snaps back above $78k in sharp short squeeze

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Bitcoin briefly reclaimed the $78,000 level in a violent short squeeze that added roughly $30 billion to its market capitalization within an hour, before volatility quickly returned. Summary Bitcoin jumped around $1,400 in a single hour to trade back above $78,000 Roughly $25 million in short positions were liquidated during the move Traders remain split on whether the spike marks a sustained breakout or another fake-out Bitcoin (BTC) ripped roughly $1,400 higher in about an hour on Tuesday, spiking back above $78,000 as a wave of forced liquidations flushed out…

Analysts Flag $79K Resistance After $766M Bitcoin Liquidation Wipes May Gains

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Key Takeaways Bitcoin dropped nearly 10% to $74,027 on May 23 as a $766M liquidation event wiped BTC longs. Bitfinex analysts warn $79,000 acts as heavy breakeven resistance, capping near-term BTC recovery. Truth Social pulled its bitcoin ETF applications, citing fee compression and BlackRock’s market dominance. Long BTC Traders Sit Underwater as Bitfinex Report Points to $79K Breakeven Wall According to Bitfinex’s latest report, the May 23 deleveraging event this weekend wiped out $766 million in aggregate positions, including $458 million in longs, marking the largest single liquidation in three…

AI Guardrail Removals Expose Gaps in Open‑Source Regulation

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Safety protections on open-source artificial intelligence models from major technology groups can be removed in minutes using publicly available tools, allowing systems to produce responses on topics including bioweapons, malware and other prohibited content, according to Financial Times testing with AI safety group Alice. The findings released Monday add to concerns that safeguards embedded by developers may not persist once model weights are released and modified, raising questions over where responsibility for AI safety should sit. The investigation, conducted using tools available on public code repositories, found that guardrails on…

Strategy Buys Back $1.5B of Debt at Discount

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Michael Saylor’s Strategy, the largest corporate Bitcoin holder, has repurchased $1.5 billion of its 0% convertible senior notes due in 2029 for $1.38 billion at an 8% discount to par, in a move that significantly cuts future debt obligations. The purchase reduces Strategy’s outstanding debt through convertible notes from $8.2 billion to $6.7 billion for 2029, the company announced on Tuesday. The notes were repurchased using the company’s cash reserves. Strategy also reported an additional $15.5 billion in aggregate notional amount of outstanding preferred stock and a USD reserve of…

Grvt Launches Tokenized Yield Products Through Plume

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Decentralized perpetual futures exchange Grvt will work with Plume to launch three tokenized real-world asset (RWA) yield products, offering users access to fixed-income and structured credit strategies through self-custodial wallets. According to Tuesday’s announcement, the products will be integrated directly into Grvt’s platform and include exposure tied to tokenized institutional-grade assets, including the $2.2 billion in assets iShares AAA CLO Active ETF. The integration adds three investment products, the Base Yield Fund, Balanced Fund and Opportunistic Fund, to Grvt’s trading platform, allowing users to access tokenized yield strategies from the…

Analyst Reveals What To Expect After 13 Years Of Disappointment

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Crypto analyst Crypto Patel has outlined a roadmap for a Litecoin rally to $1,000. He noted that LTC is currently in a multi-year accumulation phase, which is why he remains bullish despite the altcoin being down over 80% from its all-time high.  The Roadmap For A Potential Litecoin Rally To $1,000 In an X post, Crypto Patel divided the roadmap for a Litecoin rally to $1,000 into three phases. Under the first phase, he expects LTC to reclaim the $100 to $140 zone between now and next year. Under phase…

Bitcoin Burn Wallet Absorbs $8.2M as Unknown User Destroys 107 BTC in Mystery Transfer

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Key Takeaways. Timechainindex.com founder Sani flagged a 107 BTC burn on May 25 worth more than $8.2 million. Bitcoin burn wallet holdings reached 807 BTC, valued at nearly $62.15 million. Counterparty burned 2,131 BTC in 2014, fueling renewed proof-of-burn debate. Bitcoin Burn Wallet Jumps to 807 BTC After Mystery User Burns $8.2 Million According to onchain data, on Monday, May 25, an unidentified wallet transferred 107.1302 BTC valued at more than $8.2 million to what is known as a burn address. In simple terms, a burn address is a public…

TeraWulf’s Kentucky AI build shows miners are abandoning pure Bitcoin economics

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TeraWulf has bought a Kentucky site designed for more than 1 gigawatt of AI and high-performance computing capacity, a move that makes the company’s pivot away from pure Bitcoin mining impossible to ignore. Summary The Muskie Data Campus in eastern Kentucky is expected to support more than 1 GW of data center capacity on a roughly 285-acre parcel inside a 1,000-acre industrial park. TeraWulf says the first 500 MW should begin delivery in the second half of 2028, with a second 500 MW phase targeted for the second half of…

Bitcoin Price Chart Projects BTC to Reach $255K ‘Minimum’ Target

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Bitcoin (BTC) is up roughly 30% from its Feb. 6 low below $60,000 as a multi-year bullish chart pattern suggests BTC price could rise to as high as $220,000 in the coming months. Key takeaways: Bitcoin’s cup-and-handle pattern puts BTC’s minimum target at $220,000, but $74,000 must hold. Bitcoin spot volume has collapsed 81% since October 2025, a precursor to the end of every bear market. Bitcoin’s cup-and-handle pattern targets $220,000 and above Bitcoin price has formed a cup-and-handle (C&H) pattern on the weekly chart, suggesting that a massive upward…

Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart Suggests

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Open interest in Shiba Inu climbed 2.1% over the past 24 hours even as spot trading volume fell 18%, sending conflicting signals about where the token is headed next. What The Chart Is Showing SHIB is currently trading around $0.0000056, near its historic lows, after dropping 10% in the past seven days. That decline brought the token back down to a key support zone around $0.0000055 — a level that has cushioned price drops since the coin’s early days in 2021. Despite repeated tests, sellers have not managed to push…