Category: Bitcoin News

Expert Says Bitcoin Miners Are Expanding Beyond Mining Into Energy Infrastructure – Bitcoin News

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Key Takeaways Bitcoin difficulty rose 1.72% on May 29 as hashrate topped 1.02 ZH/s. Hashrate Index data shows hashprice fell 13.56% from the month’s high, squeezing miner margins in May. Renewablox Co-CEO sees bitcoin mining evolving beyond hashpower as the June 12 difficulty epoch nears. Bitcoin Difficulty Nears 139 Trillion and Sees Industry Transformation Bitcoin’s price spent the past seven days pacing between $72,800 and $77,700, according to market data. Those price levels have tightened the screws on mining profitability, weighing on bitcoin mining revenue, or the value generated by…

XRP ETFs Attract $12M as Bitcoin Funds Extend Outflow Streak to 10 Days

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Key Takeaways Bitcoin ETFs lost $125.3M, extending a 10-day outflow streak led by Blackrock IBIT. Ether ETFs saw a 14th straight outflow day as ETHA withdrawals outweighed inflows. XRP, HYPE, and Solana ETFs attracted fresh capital, showing selective risk appetite. Bitcoin and Ether ETFs Lose $143M as XRP and HYPE Funds Gain Ground The week ended with a familiar split in the crypto ETF market. Investors continued to reduce exposure to bitcoin and ether funds, but they did not abandon the space entirely. Instead, capital moved with more care. The…

Zama Users Lose Access to $12.6M USDC After Circle Executes Court-Ordered Blacklist – Bitcoin News

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Key Takeaways Circle blacklisted Zama’s cUSDC Ethereum contract on May 30, 2026, freezing $12.6M in pooled USDC funds. A U.S. federal court TRO tied to Newton AC/DC Fund LP’s lawsuit against Maxim Ermilov triggered the freeze. Zama plans to isolate the flagged deposit before a June 1 hearing to restore access for unaffected users. Circle’s Zama Blacklist Freezes $12.6M, Raising Questions About USDC Use in DeFi Contracts The frozen address, 0xe978F22157048E5DB8E5d07971376e86671672B2, is labeled “Zama: cUSDC Token” on Etherscan and in Zama’s own documentation. It functions as a pooled confidential USDC…

Treasury Seizes $1 Billion in Iran-Linked Crypto, Scott Bessent Confirms at Reagan Forum – Bitcoin News

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Key Takeaways Treasury Secretary Scott Bessent says the U.S. has seized roughly $1 billion in Iranian crypto under Operation Economic Fury. Tether froze $344 million in USDT on Tron addresses tied to the IRGC and Central Bank of Iran on April 24, 2026. Iran faces 200%-plus hyperinflation and unpaid troops as Bessent signals continued seizures and conditional sanctions relief talks. Operation Economic Fury: Scott Bessent Says U.S. Seized $1B in Iranian Crypto, Wallets Grabbed Without Warning Bessent made the disclosure during a live interview with Fox Business host Larry Kudlow,…

He Bought a Hard Drive He Thought Was New, but When He Plugged It in He Found 800 GB of Data Worth Thousands of Dollars – Bitcoin News

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Key Takeaways. Reddit user All-Seeing_Hands found 800GB on a “new” 1TB SSD, raising marketplace concerns. Kontakt and Reaktor files sparked piracy and malware fears across online storage sales. Seagate-linked counterfeit cases highlight why buyers should verify drives before use in 2026. A Redditor who thought they were unboxing a pristine 1TB SSD instead plugged in a drive that looked like a producer’s stash, stuffed with hundreds of gigabytes of music tools like Kontakt and Reaktor. The surprise windfall quickly turned into a trust test for online marketplaces, raising questions about…

Bitcoin bear market could last until 2027

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CryptoQuant CEO Ki Young Ju warns the Bitcoin bear market could extend into early 2027, based on on-chain PnL data. Summary Ki Young Ju cited CryptoQuant’s PnL Index Signal, which shows investor profitability typically falls for 18 months after profit-taking cascades begin. The trend began in October 2025, placing a potential bear market bottom in early 2027 based on historical patterns. A true reversal requires unrealized profits to rise while realized profits fall simultaneously, a signal that has not yet appeared. CryptoQuant CEO Ki Young Ju posted on X this…

Cryptoquant’s Ki Young Ju Warns Bitcoin’s Bear Market Could Run Into Early 2027

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Key Takeaways Cryptoquant CEO Ki Young Ju says bitcoin’s PnL typically falls for about 18 months after a profit-taking cascade. Bitcoin’s downtrend began in October 2025 and won’t reverse until unrealized profits rebuild, Ju argues. Cryptoquant’s Bull-Bear Cycle Indicator flipped bullish on May 12, muddying the bear call. Still Some Time To Go Till The Bears Retreat Bitcoin’s bear market may still have a year or more to run, according to Cryptoquant founder and chief executive Ki Young Ju, who spelled out the timeline in a post on X. “Once…

Bitcoin and Ether ETFs Lose $350M While XRP and HYPE Draw Inflows

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Key Takeaways Bitcoin ETFs lost $228.9M, extending a 9-day outflow streak. Ether ETFs shed $121.4M for a 13th straight day of outflows, signaling weak institutional demand. XRP, HYPE, and solana ETFs posted inflows, showing selective appetite beyond BTC and ETH. Bitcoin ETFs Fall Below $95B as Blackrock IBIT Leads Another Selloff The crypto ETF market is still searching for a floor. After more than a week of steady redemptions, investors continued to pull capital from the largest digital asset funds. Bitcoin ETFs again led the decline, while ether products saw…

Texas Bitcoin reserve plan advances as federal push faces delays

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Texas has moved closer to holding Bitcoin directly after naming a new advisory committee to guide the state’s Strategic Bitcoin Reserve. Summary Texas has named a five-member advisory committee to guide the management, custody, and valuation of its Strategic Bitcoin Reserve. The state is seeking a qualified crypto custodian as it prepares to move from IBIT-based exposure to directly held Bitcoin. The reserve currently holds about $10 million in Bitcoin exposure through BlackRock’s iShares Bitcoin Trust. The Texas Comptroller’s office said Thursday that Acting Comptroller Kelly Hancock will serve on…

Bitcoin Climbs Above $74,000 After Trump Signals Strait of Hormuz Shipping Restart

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Key Takeaways Bitcoin rebounded past $74,000 on May 29 after a sharp intraday drop to a multiweek low of $72,395. Donald Trump’s post on Truth Social triggered a U.S. stock surge and cut Brent crude prices toward $91. Analysts watch Tehran over the next 48 hours to see if Iran verifies the deal or if it collapses. Bitcoin Reclaims $74,000 Following Intraday Dip On Friday, May 29, bitcoin reclaimed $74,000 just a few hours after it plunged to a multiweek low of $72,395. The cryptocurrency’s surge followed reports that Iran…