Category: Bitcoin News

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…

Strive Buys 1,109 Bitcoin as Treasury Rises to 16,500 BTC

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Key Takeaways Strive bought 1,109 BTC, lifting holdings to 16,500 bitcoin and 7th among publicly listed companies holding BTC. ASST shares surged 133% in 3 months as Strive expanded its bitcoin treasury model. Strive plans new capital tools and a 13.88% SATA yield product starting June 16. ASST Climbs 133% as Strive Expands Bitcoin Treasury With $85M Addition Strive has added over 1,000 bitcoin to its balance sheet, extending a treasury strategy that has helped fuel a sharp rally in its shares. The company, which trades under the ticker ASST,…

US-Iran Escalation Pushes Bitcoin to $72,622 as $870M Long Bets Collapse

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Key Takeaways U.S. strikes in Iran and IRGC retaliation in Kuwait threatened Qatar peace talks on Thursday. Bitcoin fell 3.6% to $72,622, wiping out $870 million in total long positions over 24 hours. The escalation will likely torpedo future diplomacy and embolden anti-settlement hardliners. Geopolitical Escalation Triggers Crypto Sell-off Bitcoin plunged below $73,000 early Thursday following reports of fresh U.S. military strikes inside Iran. Market data shows bitcoin tumbled to a multi-week low of $72,622—its lowest level since April 13—before staging a modest recovery back to $73,000. This downturn continues…

Will Bitcoin fall to $70K as over $6.2B options expiry and ETF outflows hit markets?

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Bitcoin price has fallen toward the $73,000 region after a wave of ETF outflows, derivatives pressure, and long liquidations triggered fresh panic across the crypto market. Summary Bitcoin price fell toward the $73,000 region as over $6.25 billion in BTC options headed toward expiry alongside nearly $733 million in spot ETF outflows. BlackRock’s IBIT recorded roughly $527.8 million in outflows, while CoinGlass data showed nearly $330 million in Bitcoin long liquidations within 24 hours. Analysts warned that failure to hold the $73,000-$71,000 support range could expose Bitcoin to a deeper…

Charles Hoskinson slams lawsuit targeting dormant Bitcoin wallets

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Cardano founder Charles Hoskinson has criticized a New York lawsuit that seeks legal ownership of thousands of dormant Bitcoin wallets. Summary A New York lawsuit seeks ownership of 39,069 dormant Bitcoin wallets under lost-property law. The wallets reportedly hold about 3.7 million BTC, including Satoshi-linked and Mt. Gox-linked addresses. Charles Hoskinson criticized the case, arguing inactivity should not equal abandonment in self-custody. The case has drawn attention because it tests whether inactivity in a self-custodied wallet can be treated as abandoned property under state law. New York lawsuit targets dormant…

The Future of Bitcoin Mining Is Bigger Than Bitcoin

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This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The first installment of this Bitcoin-AI convergence series explored a foundational idea: Bitcoin mining was never just about digital currency. It was designed as a long-term energy system, converting electricity into computation. The second installment examined how modern AI data centers are built on the same physical foundation as Bitcoin mining — chips, power, cooling, and infrastructure working together…

Bitcoin price nears $73K as exchange reserves flash rare signal

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Bitcoin is facing a mixed market setup as exchange reserves fall to rare lows while short-term price indicators and holder profitability remain weak. Summary Bitcoin exchange reserves fell to 2.66 million BTC, matching levels last seen in August 2019. Long-term holder SOPR near 0.87 shows some investors are moving Bitcoin at a loss now. Bearish MACD and RSI readings keep short-term Bitcoin momentum weak near the $73,000 price area. Bitcoin exchange reserves have fallen to 2,666,753 BTC, according to CryptoQuant data shared by thechessONCHAIN. The last comparable reading came on…

Quantum computing threat to Bitcoin may arrive sooner than expected: report

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A new quantum computing report has warned that the cryptocurrency industry may be running out of time to prepare for cryptographic attacks that could eventually threaten more than $2 trillion in digital assets. Summary Quantus warned that quantum computing progress has accelerated faster than much of the crypto industry’s post-quantum planning. The report said millions of lost Bitcoin could become exposed because inaccessible wallets cannot migrate to quantum-resistant addresses. Researchers behind the report said recent advances from Google and other quantum firms have reduced the estimated resources needed to break…