Category: Bitcoin News

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…

Ray Dalio questions Bitcoin safe-haven role as Saylor fires back

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Bridgewater Associates founder Ray Dalio said Bitcoin has not acted as the safe-haven asset many investors expected.  Summary Ray Dalio said Bitcoin lacks privacy because transactions can be monitored and possibly controlled. Dalio argued investors often sell Bitcoin during market stress to raise liquidity elsewhere. Michael Saylor pushed back, calling gold analog capital and Bitcoin digital capital for collateral. In a May 11 post, he said Bitcoin gets heavy attention but has fallen short when compared with gold during market stress. Dalio pointed to three issues. He said Bitcoin lacks…

Michael Saylor defends Strategy’s Bitcoin sales plan amid dividend concerns

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Michael Saylor has defended Strategy’s ability to sell limited amounts of Bitcoin while continuing to expand its BTC treasury, arguing the company should avoid becoming a net seller rather than follow an absolute “never sell” stance. Summary Strategy said limited Bitcoin sales could still support a larger BTC accumulation plan rather than reduce its treasury exposure. Michael Saylor described STRC and MSTR as part of a Bitcoin-backed capital structure built around digital credit and equity products. According to comments shared by Saylor on May 10 and statements made during his…

Bitcoin Ordinals hit new setback as Ord.io and Zap wind down

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Bitcoin Ordinals explorer Ord.io will shut down on June 1, marking a fresh setback for the Bitcoin inscription market.  Summary Ord.io will shut down on June 1 after its creators said funding had run out. Zap users were told to export private keys to keep access to their assets. The closures come as Bitcoin Ordinals and Runes activity remains far below earlier highs. The platform launched in 2023 and served more than 1 million users, according to the project’s public statement. Creator Leonidas King said the team could no longer…

Bitcoin Miner Cleanspark Posts $378M Loss in Q2

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Key Takeaways Cleanspark posted $136.4M in Q2 FY2026 revenue, a 24.9% year-over-year drop driven by Bitcoin price swings. A $224.1M non-cash Bitcoin fair value loss pushed Cleanspark’s net loss to $378.3M for the March 2026 quarter. CEO Matt Schultz targets AI/HPC commercialization as Cleanspark doubled MW under contract with 585 MW of ERCOT capacity. Cleanspark Posts $378M Loss in Q2 as Bitcoin Fair Value Swing Hits Results Cleanspark’s (Nasdaq: CLSK) Revenue for the quarter came in at $136.4 million, down $45.3 million, or 24.9%, from $181.7 million in the same…

Strategy’s Bitcoin Sale Comment Puts Treasury Risk in Focus

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Key Takeaways Strategy could sell BTC to fund dividends while seeking to preserve confidence in its treasury approach. Preferred securities make liquidity, dividend coverage, and market access more important for investors. Future signals include BTC sales, USD Reserve changes, preferred coverage, and new issuance. Strategy’s Potential BTC Sale Changes the Treasury Debate Strategy (Nasdaq: MSTR) reported first-quarter 2026 results that drew fresh attention to whether the company could ever sell BTC. NYDIG, a bitcoin-focused financial services and research firm, said in a May 8 report that Strategy’s management acknowledged the…

South Koreans Pull $41B From Crypto as Bitcoin Slump Pushes Cash Into Stocks

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Key Takeaways Bank of Korea data shows domestic virtual asset holdings fell over 50% to $41.17 billion by February 2026. Investors shifted capital to booming stock markets as bitcoin trading volumes crashed by 70% in early 2026. High exchange rates will likely drive further demand for dollar-pegged Stablecoins through late 2026. Massive Capital Migration to Stocks The value of virtual assets held by domestic investors in South Korea has plummeted by more than $41 billion (60 trillion won) over the last year, as a cooling crypto market prompted a mass…

American Bitcoin becomes cheapest US BTC miner

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American Bitcoin mined coins at $36,200 each in Q1 2026, cutting costs 23% and posting a 50% gross margin. Summary American Bitcoin cut its cost to produce one bitcoin by 23% to roughly $36,200 in Q1 2026, down from $46,900 in Q4 2025. The Trump family-linked miner posted a gross mining margin above 50% while most publicly listed rivals pivot capital toward AI infrastructure. Total fleet capacity reached 28.1 exahash by quarter-end, with the company holding roughly 7,021 BTC in its strategic reserve. American Bitcoin (ABTC), the Bitcoin mining company…

BlackRock IBIT leads Bitcoin ETF six-week run

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US spot Bitcoin ETF products drew $622.75 million last week, their sixth straight week of net inflows. Summary SoSoValue data for the week of May 4 to 8 shows $622.75 million in total net inflows across US spot Bitcoin ETF products. BlackRock’s IBIT attracted $596 million during the week, bringing its cumulative total to $66.1 billion. The six-week streak has pulled nearly $3.4 billion into US Bitcoin ETF products, the longest run since July 2025. US spot Bitcoin ETF products drew $622.75 million in net inflows during the week of…