Category: Bitcoin News

Strategy Pauses Bitcoin Buying as Saylor’s ‘BitVac’ Comment Puts Next BTC Buy on Watch

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Key Takeaways Strategy highlighted bond-related activity instead of bitcoin buying after holdings climbed to 843,738 BTC. Preferred stock, debt obligations, and liquidity reserves remain central investor concerns. Future financing activity may signal another phase of large-scale BTC accumulation. Saylor’s ‘BitVac’ Comment Puts BTC Buying on Watch Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), shared on X on May 24, 2026, that Strategy “bought bonds, not bitcoin” during the week, shifting investor attention toward whether the company is managing debt before another BTC acquisition cycle. The post showed bitcoin…

Bitcoin pioneer warns altcoins and memecoins could go to zero

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Blockstream CEO Adam Back has renewed his long-running criticism of altcoins and memecoins, saying market efficiency may finally be catching up with assets he views as weak. Summary Adam Back said efficient markets may eventually price many altcoins and memecoins near zero. Bitcoin dominance near 59%, keeping pressure on broader altcoin market rotation this month. Nearly 40% of altcoins traded near all-time lows, showing weak risk appetite outside Bitcoin. Back wrote on X that he had expected the efficient market hypothesis to push altcoins toward “$0.” He added that he…

Bitcoin braces for PCE inflation, GDP data and Iran deal update

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Crypto markets enter a holiday-shortened U.S. week with several macro events that could affect Bitcoin, Ethereum, and broader risk assets. Summary U.S. markets close Monday for Memorial Day, leaving crypto to react first to fresh headlines. April PCE and Q1 GDP data land Thursday, giving traders new clues on Fed policy. Crypto.news reported Iran peace hopes have already moved Bitcoin, stocks, oil, and risk appetite this month. The week begins with attention on possible U.S.-Iran agreement details. The Kobeissi Letter described the setup as a “short but busy week ahead,”…

Bank of America picks Bitcoin ETF over Ether and Solana in Q1

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Bank of America reported about $53 million in crypto ETF exposure in its Q1 2026 13F filing, with BlackRock’s iShares Bitcoin Trust leading the group.  Summary Bank of America’s Q1 filing showed roughly $53 million in reported crypto ETF exposure overall. IBIT led the bank’s crypto ETF holdings, with its reported stake near $37 million overall. The filing showed lower Ether and Solana positions as Bitcoin products stayed the largest allocation. The filing showed a larger IBIT position and smaller Ether and Solana ETF exposure, putting Bitcoin at the center…

Bitcoin Tops $77K as Trump Weighs Iran Move, Polymarket Peace Bet Hits $154M – Bitcoin News

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Key Takeaways Polymarket’s US-Iran peace market hit $154M in total volume, with December 31, 2026, contracts at 91% odds. Trump described his Iran decision as “50/50” on May 23, 2026, triggering emergency talks with Vance, Hegseth, and Gen. Caine. A proposed 60-day ceasefire extension could open the Strait of Hormuz and ease sanctions on Iran by mid-2026. Bitcoin spiked to an intraday high of $77,303 on Bitstamp at 4:30 p.m. ET. U.S.-Iran Ceasefire Hangs as Polymarket Volume Spikes on Permanent Peace Deal Bet The Polymarket contract, titled “US x Iran…

Trader Books $4.6M Profit on HYPE, ZEC, and ETH Longs Then Opens a $74.84M Bitcoin Short

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Key Takeaways A trader banked $4.6M on HYPE, ZEC, and ETH longs before opening a $74.84M bitcoin short on Hyperliquid. The 990 BTC short position has already accumulated $783,000 in unrealized profits at the time of reporting. The bearish flip adds to broader smart-money signals that bitcoin’s near-term downside may not be exhausted. The Flip: From Bull to Bear Evaded exited long positions in HYPE, ZEC, and ETH, locking in a combined $4.6 million in profits. HYPE is the native token of decentralized derivatives platform Hyperliquid, while ZEC is the…

Chun Wang Steps Away From F2Pool to Lead SpaceX’s 2-Year Interplanetary Starship Flight – Bitcoin News

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Key Takeaways SpaceX named F2Pool co-founder Chun Wang Mission Commander for its first crewed interplanetary Starship flight in 2026. F2Pool controls 11.32% of Bitcoin’s global hashrate at 110.86 EH/s, producing 114 blocks over the past week, according mempool.space stats. Wang takes a two-year leave from F2Pool, previously commanding the Fram2 polar orbit mission aboard Crew Dragon in 2025. SpaceX Taps F2Pool’s Chun Wang to Lead First Commercial Interplanetary Crew Mission SpaceX confirmed Wang’s appointment on May 22, 2026. The mission will carry a crew beyond the Earth-Moon system for the…

Bitcoin Slides as Coinbase Bitcoin Premium Index Signals Reduced Institutional Accumulation

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Key Takeaways The index dropped to -0.085% on May 22, its monthly low, per Coinglass. Data shows institutional selling on Coinbase has intensified as macro uncertainty is driving hedging. Bitcoin traded at $74,500 at publication, down over 4% for the week, with $1.3B in ETF outflows adding further pressure. What the Data Shows The Coinbase bitcoin premium, an index measuring the price difference between bitcoin traded on Coinbase (used predominantly by U.S. institutional investors) and bitcoin traded on Binance (the largest global retail exchange), hit -0.085% on May 22, marking…

SEC Greenlights Nasdaq’s Cash-Settled Bitcoin Index Options, CFTC Approval Is the Final Hurdle

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Key Takeaways SEC approved Nasdaq to list bitcoin index options on Phlx under ticker QBTC. Cash-settled QBTC contracts eliminate custody and assignment risks, broadening institutional bitcoin access. Trading cannot begin until the CFTC grants exemptive relief, as bitcoin is classified as a U.S. commodity. What Cash-Settled Means And Why It Matters The Securities and Exchange Commission (SEC) approved Nasdaq’s application to list European-style, cash-settled bitcoin index options on the Philadelphia Stock Exchange (Phlx), adding another regulated instrument to the growing ecosystem of U.S. bitcoin derivatives. The contracts will trade under…

Bitcoin ETF outflows hit $1.26B Santiment buy signal

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Bitcoin ETF outflows reached $1.26 billion over six sessions, but Santiment says the streak signals a buying opportunity. Summary US spot Bitcoin (BTC) ETFs recorded net outflows in each of the six trading sessions from May 15 through May 22, totalling $1.26 billion across 11 funds. Santiment says ETF flows reflect retail investor sentiment rather than institutional positioning, calling the outflow streak a contrarian accumulation signal. Bitcoin was trading at $75,410 when Santiment published its report, down from a May high of $79,052 reached on May 16. The 11 US-listed…