Author: boss

100K BTC Vanish From Exchanges

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Buyers on Binance shifted decisively in recent weeks. The exchange’s seven-day net taker volume swung from roughly -$1 billion in late March — a period dominated by sellers — to around $2.6 billion by early May, signaling that demand had returned with some force. Related Reading Reserves Hit Levels Not Seen Since Late 2023 That shift in buyer behavior is playing out against a backdrop of shrinking Bitcoin supply on major exchanges. Combined outflows from Binance, OKX, and Gemini have reached nearly 100,000 BTC since February — worth over $8…

BTC falls under $80K as Bitcoin ETFs record first May outflows

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U.S.-listed spot Bitcoin ETFs recorded $277.5 million in net outflows on Thursday.  Summary Spot Bitcoin ETFs recorded $277.5 million in outflows, ending five days of strong inflows Thursday. Fidelity and BlackRock led redemptions as Bitcoin slipped below $80,000 during volatile intraday trading sessions. Morgan Stanley’s MSBT still attracted inflows, showing uneven demand across U.S. Bitcoin ETF products Thursday. The move ended a five-day inflow streak worth nearly $1.7 billion, according to SoSoValue data. The reversal came as Bitcoin fell below $80,000 after trading above $82,000 a day earlier. Current market…

This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now

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On-chain analytics firm CryptoQuant has identified a significant divergence in the demand structures driving Bitcoin and Ethereum’s recoveries in 2026, with Bitcoin attracting sustained institutional spot buying while Ethereum’s price stability reflects reduced selling pressure rather than genuine new demand — a distinction that carries major implications for the broader market’s next move. Related Reading According to CryptoQuant’s analysis of on-chain and exchange data covering April and early May 2026, Bitcoin and Ethereum are operating under fundamentally different demand regimes. Bitcoin’s recovery has been driven by real spot purchases —…

Bitcoin News Today: Why the $80K Support Is Under Threat Despite Institutional Momentum

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Bitcoin traded at $79,732 as of May 7, down 2% over 24 hours, after sharply rejecting a five-month high of $82,784 reached two sessions prior. This is not very bullish news for Bitcoin today. The reversal pulled BTC back below the $80,000 psychological threshold, a level it has now failed to structurally hold across three separate tests in four months. The analytical question is no longer whether Bitcoin can reach $80,000; it is whether the structural conditions exist to convert that level from a ceiling into a floor. On-chain data,…

Chainlink Whales Buy 32.9 Million LINK, Holdings Hit Record High

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Chainlink’s biggest active holder cohort has sharply increased its LINK exposure over the past month, according to Santiment, which says the move could point to a tightening supply setup if broader market conditions stay supportive. The on-chain signal stands out because the buying took place while LINK traded in a relatively muted range rather than during an obvious breakout. Santiment said on May 7 that “ChainLink’s key stakeholders that hold between 100K-10M LINK have been aggressively accumulated over the past month.” The analytics firm added that “these whales & sharks…

HarrisX Poll Found 52% of Registered Voters Support the CLARITY Act

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Nearly half of US voters are willing to cross party lines to get clear crypto regulation off the ground, while public support for the CLARITY Act could bring an electoral benefit for politicians, according to a new survey from HarrisX. The poll included responses from 2,008 registered voters from May 1-4. It found that 52% of respondents support the CLARITY Act, with just 11% opposed.  About half, or 47%, said they would consider voting for a candidate outside their preferred party if that candidate backed the bill and their own…

Zcash Price Soars as Traders Rotate Into Privacy-Focused Crypto

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Privacy-focused cryptocurrency Zcash (ZEC) has spiked by more than 70% over the past week as crypto traders have been paying closer attention to privacy-focused projects. Zcash traded at about $346 on Friday, May 1, before hitting a seven-day peak of $593.86 on Wednesday. It has since settled at around $570 as of Friday, according to CoinGecko. Pav Hundal, lead market analyst at crypto exchange Swyftx, told Cointelegraph that traders have begun paying closer attention to privacy projects “amid broader concerns about the impact of AI, quantum computing and financial surveillance…

US Nabs 8 ‘Laptop Farmers’ for North Korea over 5 months

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US prosecutors said they have secured eight sentences in the last five months against people acting as US-based proxies for North Korea-based IT workers, shedding new light on how they have been able to infiltrate US companies.  Two men have been sentenced this month alone. The Justice Department said Wednesday that separate courts sentenced Nashville resident Matthew Issac Knoot and New York resident Erick Ntekereze Prince for helping North Koreans work remotely for US companies. The US perpetrators, known as “laptop farmers,” acted as recipients for laptops that US companies…

Coinbase Buys $88 Million Worth of Bitcoin in Q1 2026

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Key Takeaways Coinbase purchased $88 million in bitcoin during Q1 2026, the company disclosed on its earnings call. The buy adds Coinbase to the growing list of publicly traded firms holding bitcoin on their balance sheet. Coinbase CFO Alesia Haas also revealed the company’s USDC deal with Circle cannot be terminated. Strong Accumulation Signal Coinbase, the only major U.S.-listed cryptocurrency exchange, added bitcoin to its corporate treasury during the first quarter of 2026, disclosing a purchase of $88 million worth of the digital asset on its Q1 earnings call, a…

Germany weighs ending Bitcoin’s tax-free holding rule by 2027

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Germany has prepared plans to tighten cryptocurrency taxation from 2027, putting the country’s long-standing tax-free holding benefit for Bitcoin and other digital assets under renewed scrutiny. Summary Germany is considering new crypto tax rules that could end the country’s one-year Bitcoin holding exemption from 2027. Finance Minister Lars Klingbeil linked the proposed changes to plans for raising an additional 2 billion euros in tax revenue. Finance Minister Lars Klingbeil said during an April 29 presentation of Germany’s 2027 federal budget that the government intends to “tax cryptocurrencies differently” as part…