Category: Bitcoin News

Blackrock Leads $733M Bitcoin ETF Selloff as HYPE Funds Keep Drawing Inflows

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Key Takeaways Bitcoin ETFs lost $733.43M, with Blackrock IBIT shedding $527.84M on May 27. Ether ETFs saw an outflow of $67.15M led by Blackrock ETHA, extending a 12-day outflow streak. HYPE and solana ETFs gained $3.40M and $557K as altcoin demand stayed selective. Bitcoin ETFs Extend Losing Streak to Eight Days as Blackrock Loses $528M The selling pressure in crypto ETFs is no longer a passing phase. It is starting to look like a steady withdrawal of risk. Bitcoin ETFs suffered the sharpest blow of the day, posting $733.43 million…

Traders Push Bitcoin Back Above $73,000 After $352M Liquidation Sweep

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Key Takeaways: Bitcoin fell to a session low of $72,642 on Thursday morning, threatening to close May with a monthly loss. Volatile price swings triggered $921 million in total digital asset market liquidations, hammering longs. Wall Street’s muted reaction to subsequent U.S.-Iran peace updates suggests growing investor ambivalence. [/key_takeaways Bitcoin Flirts with Monthly Loss as Key Support Tested Bitcoin edged closer Thursday morning to capping the month of May with overall losses after tumbling to a session low of $72,642. The slide occurred less than 12 hours after the cryptocurrency…

Anonymous Plaintiff Claims $293B Bitcoin Haul, Targets Satoshi’s Dormant Wallets in NY Court Case

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Key Takeaways Timechainindex.com founder Sani first flagged Noah Doe’s NY lawsuit targeting 39,069 wallets worth $293B in BTC. Galaxy Research’s Alex Thorn finds the $10-per-address valuation off by 9 orders of magnitude, weakening the legal claim. A New York default judgment could surface by late June 2026, though courts are unlikely to rubber-stamp the full request. Galaxy Research’s Alex Thorn Tears Apart $10 Bitcoin Valuation in $293B NY Lawsuit Galaxy Research analyst Alex Thorn confirmed Sani’s initial post and added that his firm has tracked the matter since the fall,…

Sequans ends Bitcoin treasury bet

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Chipmaker Sequans has ended its Bitcoin treasury strategy, selling most of its holdings to clear debt. Summary Sequans redeemed all its July 2025 convertible debt by selling part of its Bitcoin holdings. The chipmaker kept about 658 BTC and plans to sell the rest over time. CEO Georges Karam says the firm is now fully focused on IoT semiconductors. French chipmaker Sequans has ended its Bitcoin treasury strategy after less than a year. The company sold part of its holdings to redeem convertible debt and refocus on its core chip…

Samsung Affiliates Pay $408 Million for Upbit Operator Stake, Closing June 2026 – Bitcoin News

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Key Takeaways Regional news outlets report that Samsung affiliates will acquire a 4% Dunamu stake for 612.8 billion won ($408M), closing June 19, 2026. The deal gives Upbit, South Korea’s largest crypto exchange by volume, direct ties to major finance firms. Samsung Securities targets tokenized securities while Samsung Card eyes crypto payments via Monimo. Samsung Units to Acquire 4% Stake in Upbit Operator Dunamu Samsung Securities, Samsung SDS, and Samsung Card announced the deal on May 28, 2026, according to the Korea Herald and several other local outlets. The three…

BlackRock’s Bitcoin behemoth bleeds cash in second‑worst outflow day yet

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The move cements ETF flow as the main driver of Bitcoin’s short‑term price action, with discretionary buyers increasingly forced to trade around institutional liquidity. Summary BlackRock’s spot Bitcoin ETF suffered its second‑worst daily outflow since launch, with hundreds of millions in redemptions as BTC sold off sharply intraday. Across U.S. spot products, Bitcoin ETFs saw one of their heaviest combined exit days since January 2024, reversing weeks of inflows and flipping sentiment bearish. The move cements ETF flow as the main driver of Bitcoin’s short‑term price action, with discretionary buyers…

Someone Tested a 1997 Processor and Proved That Just 128 MB of RAM Is Enough to Run AI – Bitcoin News

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Key Takeaways EXO Labs ran Llama 2 on a 1997 Pentium II with just 128 MB of RAM. BitNet used -1, 0, and 1 weights to cut AI memory and compute demands. Nvidia-era AI costs face pressure as EXO Labs pushes software-first efficiency. EXO Labs just taught a Pentium II with 128 MB of RAM a new trick: run a trimmed Llama 2 model, slowly but surely. The team leaned on BitNet, a ternary-weight approach that pares neural math down to -1, 0, and 1, squeezing modern AI through a…

Grayscale shifts $112m in Bitcoin to Coinbase Prime amid ETF flow churn

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Grayscale has transferred roughly $112 million in Bitcoin to Coinbase Prime, adding to a steady drumbeat of institutional-sized flows hitting centralized venues this year. Summary Grayscale sent 1,530.704 BTC to Coinbase Prime worth about $112m in one hour. The move follows earlier multi hundred million dollar transfers tied to ETF redemptions. On chain data again puts Arkham in the middle as watcher of institutional flows. Grayscale deposited 1,530.704 Bitcoin into Coinbase Prime worth approximately $112 million in the last hour, according to blockchain tracking from Arkham relayed by ChainCatcher. The transfer went from…

Bitcoin price slips below the $75k mark as JPMorgan says the “devaluation trade” is cooling

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Bitcoin and gold are losing their appeal as macro hedges, JPMorgan says, as Middle East tensions and inflation fears ease and investors pull money from “devaluation trades.” Summary JPMorgan says investors are exiting Bitcoin and gold “devaluation trades” as macro fears cool Bitcoin and gold ETFs have seen notable outflows alongside weaker CME futures positioning The shift follows months of inflows into Bitcoin ETFs during the Iran conflict-driven macro hedge trade Bitcoin’s (BTC) role as the market’s flagship “devaluation trade” is fading as investors unwind macro hedges built during the…

CME ends Bitcoin weekend gap era with 24/7 futures trading

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CME Group is moving its cryptocurrency futures and options into around-the-clock trading, ending one of Bitcoin’s most watched weekend market patterns. Summary CME Bitcoin futures and options will trade around the clock from May 29 on Globex. The change ends the weekend closure that created Bitcoin’s widely watched CME gap. Three older Bitcoin CME gaps remain open near $80,000, $78,500 and below $70,000. The change starts on May 29 and brings CME’s regulated crypto derivatives closer to the nonstop structure of spot crypto markets. CME moves Bitcoin futures into nonstop…