Category: Bitcoin News

Bitcoin Slips Below $80K After US Inflation Hits 3.8% and Rate Cut Hopes Fade

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Key Takeaways Bitcoin fell below $80,000 on May 12 as Trump warned that the U.S.-Iran ceasefire is on life support. A 1.6% drop in crypto prices wiped out $232 million in long bets as bitcoin’s market cap fell to $1.61 trillion. Markets await the PPI report to see if 3.8% inflation will force further energy price pressure. Stalled Negotiations and Regional Stability Bitcoin briefly dipped below $80,000 on May 12 as global markets reacted to President Donald Trump’s warning that the ceasefire between the U.S. and Iran was “on life…

Bitcoin’s Bull-Bear Cycle Indicator Turns Green for First Time Since March 2023

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Key Takeaways Cryptoquant’s Bull-Bear Cycle Indicator turned green for the first time since March 2023 on May 12. The March 2023 signal preceded a bull run that took bitcoin above $73,000, but a 2022 false signal warrants caution. April spot ETF inflows hit $2.44B, and whale accumulation has grown, adding weight to the bullish read. Bullish Signal Flashes Near $80,000 Cryptoquant’s Bitcoin Bull- Bear Market Cycle Indicator entered bullish territory on Tuesday for the first time since March 2023, per data shared by the analytics firm. The shift marks what…

‘Neither Credible nor Attractive:’ Ebay Board Rejects Gamestop’s Unsolicited $56B Takeover Bid – Bitcoin News

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Key Takeaways Gamestop CEO Ryan Cohen’s $56 billion unsolicited bid to acquire Ebay was formally rejected on May 12, 2026. Ebay shares remained stagnant while Gamestop stock fell 4% following concerns over the $20 billion debt plan. The Ebay board will focus on its 136 million users, while Gamestop may consider a future proxy fight action. Gamestop’s Bid for Ebay Ends in Rejection Amid Financing Uncertainty In a definitive move, the board of directors at Ebay Inc. has rejected a $56 billion unsolicited acquisition proposal from GameStop Corp. The rejection…

Can Bitcoin break $100K as the CLARITY Act heads to committee?

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With the CLARITY Act heading to committee and a July 4 signing window, Bitcoin sits near $82K as ETF flows, corporate treasuries and post‑halving supply all align for a $100K test. Summary U.S. Senator Cynthia Lummis says the CLARITY Act is entering committee review this week after nearly a year of bipartisan work, calling it a step toward “consolidating global financial innovation leadership.” The bill, co-authored by Senate Banking Committee chairman Tim Scott, Lummis and Thom Tillis, aims to establish a clear regulatory framework for digital assets, protect investors and…

Chainlink Lands DTCC Deal to Automate Collateral Workflows Across Global Blockchains – Bitcoin News

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Key Takeaways DTCC will integrate Chainlink’s Runtime Environment into its Collateral Appchain, targeting a Q4 2026 production launch. The platform automates collateral workflows for a firm that processed $4.7 quadrillion in securities transactions in 2025. Chainlink Co-Founder Sergey Nazarov says collateral management is the blockchain sector’s key application for traditional finance (TradFi). DTCC Picks Chainlink to Build 24/7 Collateral Management System for Global Markets DTCC‘s Collateral Appchain is built as shared infrastructure designed to modernize how collateral moves between market participants. The platform is intended to serve collateral providers, receivers,…

US Inflation Accelerates for Second Straight Month as Gas Costs Drive April CPI – Bitcoin News

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Key Takeaways The BLS reported April 2026 headline CPI at 3.8% year-over-year, beating the 3.7% consensus estimate. Energy prices jumped 17.9% annually, driven by the U.S.-Iran conflict, pushing gasoline up 28.4% YoY. The Federal Reserve now faces pressure to delay rate cuts into late 2026 or 2027 as core CPI hits 2.8%. Gasoline Prices Push U.S. CPI to 3.8% in April, Highest Reading Since Late 2025 The monthly CPI-U rose 0.6% on a seasonally adjusted basis in April, following a 0.9% increase the prior month. The all-items index reached 333.020…

Bhutan Opens Accelerated Fintech Licensing With 0% Corporate Tax and Free Banking – Bitcoin News

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Key Takeaways Gelephu Mindfulness City launched an accelerated licensing pathway on May 12, 2026, targeting firms already regulated in Singapore, ADGM, or Hong Kong. DK Bank guarantees corporate accounts for all GMC-licensed companies, supporting 9 currencies and BTC-backed lending from day one. GMC offers 0% corporate tax for qualifying firms and foreign talent tax exemptions through 2030, positioning the SAR as a regional financial hub. DK Bank Guarantees Accounts for Every GMC-Licensed Firm Starting May 2026 The Special Administrative Region, established under a Royal Charter to serve as a platform…

Bhutan moves another $8.2M in Bitcoin as state reserves keep falling

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Bhutan’s government has moved another 100.44 BTC worth roughly $8.2 million, extending a months-long pattern of treasury outflows tied to wallets tracked by blockchain analytics firms. Summary Bhutan moved 100.44 BTC worth about $8.2 million to an unlabeled wallet as state-linked outflows continued into May. Arkham estimated that Bhutan-connected wallets have transferred more than $230 million in bitcoin since the start of 2026. Bhutan still holds about 3,119 BTC, although its reserve has fallen sharply from more than 13,000 BTC recorded in 2024. According to on-chain data published Tuesday by…

Bitcoin node flood raises fears of surveillance or Sybil attack

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Bitcoin’s peer-to-peer network is facing fresh scrutiny after a sharp rise in IP and IP-like addresses shared through ADDR messages.  Summary Bitcoin’s gossip layer saw daily unique ADDR entries jump near 250,000 after years below 65,000. Jameson Lopp questioned whether fake node addresses could be preparation for a Sybil attack. The spike may also reflect surveillance, IP rotation, real node growth, or a public signaling push. A live monitor maintained by researchers at Karlsruhe Institute of Technology showed daily unique addresses rising to about 250,000 after spending years below 65,000.…

Will Bitcoin price drop below $80K as Coinbase premium stays negative?

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Bitcoin price slipped back toward the $81,000 region on Monday as weakening U.S. institutional demand and renewed geopolitical uncertainty triggered another wave of profit-taking across the crypto market. Summary Bitcoin price fell back toward the $81,000 region after another rejection near the $82,000 resistance zone amid rising geopolitical uncertainty. The Coinbase Bitcoin Premium Index remained negative, signaling weaker buying demand from U.S. institutional investors in recent sessions. Technical indicators showed BTC still trading inside an ascending channel, though weakening MACD momentum raised risks of a retest below the $80,000 support…