Category: Bitcoin News

Claude helps man recover 5 Bitcoin after old wallet search

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An X user known as Cprkrn says Anthropic’s Claude helped him recover 5 Bitcoin from a wallet he had not accessed for more than a decade.  Summary Claude helped locate an older wallet backup after trillions of password attempts reportedly failed earlier. AI aided wallet recovery without breaking Bitcoin encryption or changing seed phrase rules for users. Security warnings remain because uploading wallet files to AI can expose funds and private keys. The coins were worth about $397,000 during source checks, based on Bitcoin trading near $79,410. The story spread…

Bitcoin Bottom Unconfirmed as Peter Brandt Flags Bear Channel

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Key Takeaways Brandt said bitcoin has not completed a recognizable bottom after its latest rebound. Technical resistance near the bear channel keeps attention on the $79,145 trigger. Additional downside pressure could shift focus toward the channel midpoint, then its lower boundary. Bitcoin Recovery Faces Pressure Inside Bear Channel Veteran trader Peter Brandt warned that bitcoin has not completed a recognizable bottom, pointing to BTC’s possible bear channel from the February low. His accompanying chart showed bitcoin trading near the upper boundary, where the recovery appeared to meet resistance without confirming…

Charles Schwab Begins Retail Bitcoin and Ethereum Trading Rollout

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Key Takeaways Schwab Crypto will let selected retail clients trade bitcoin and ethereum through linked accounts. Clients will use separate Schwab Crypto accounts offered by Charles Schwab Premier Bank, SSB, which will custody digital assets. Future updates may add more cryptocurrencies, deposits, and withdrawals for existing digital assets. Schwab Crypto Begins Retail Rollout Financial giant Charles Schwab announced on May 12 that Schwab Crypto accounts are now being rolled out to retail clients. The first group of clients can trade bitcoin ( BTC) and ethereum ( ETH) at Schwab alongside…

Copper gold ratio repeats Bitcoin’s 2020 signal

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The copper gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020. Summary The ratio now stands at 0.00142, with copper at $6.65 per pound and gold near $4,700 per ounce, up 25% from its recent lows. Previous surges in 2013, 2017, and 2021 aligned with the early stages of major Bitcoin price cycles. The correlation between Bitcoin and the ratio has rebounded sharply from near negative 1.0, suggesting the relationship is beginning to strengthen. The copper gold ratio is a closely watched…

Wintermute Warns Bitcoin Rally Looking Like a Short Squeeze, Not a Proper Breakout

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Key Takeaways Wintermute says BTC’s latest rise is squeeze-driven, with leverage and shorts lifting price in 1 move. Bitcoin bulls face weaker spot demand, leaving BTC’s rally more fragile across crypto markets in 2026. Wintermute says BTC needs stronger spot flows next, or 1 sharp reversal could test breakout hopes. Wintermute Says BTC’s Latest Pop Looks Driven by Forced Positioning, Not Strong Spot Demand Wintermute says the setup behind bitcoin’s latest advance appears to be less about fresh organic buying and more about traders getting caught offside. In its latest…

Tokenized Treasuries hit $15B record as Bitcoin stalls

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Tokenized Treasuries hit a record $15.35 billion on May 13 as Fed rate-hike fears drove investors toward on-chain yield. Summary Total value locked in tokenized Treasuries surpassed the previous mid-April peak of $15.10 billion, with rwa.xyz data confirming the $15.35 billion record on May 13. April’s US CPI came in at 3.8% annually, sharply raising the probability of a Federal Reserve rate hike and weakening the case for near-term cuts. Circle’s USYC and BlackRock’s BUIDL lead the sector, which has grown from $3.9 billion in early 2025 to exceed $15…

Strategy’s STRC mechanism may be influencing Bitcoin mid-month liquidity cycles

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Strategy’s perpetual preferred stock STRC may be playing an increasingly important role in shaping Bitcoin’s mid-month liquidity dynamics, according to K33 Research director Vetle Lunde Summary K33 Research suggests Strategy’s STRC preferred stock structure may be contributing to recurring mid-month Bitcoin buying pressure. Strategy’s BTC holdings have reached 818,869 BTC, valued at roughly $6.57 billion, according to the report cited by The Block. Recent data shows STRC-driven Bitcoin accumulation surged to ~46,872 BTC in April but may now be slowing as demand plateaus. According to reports, STRC’s structure creates predictable…

Metaplanet loss hits $725M on Bitcoin markdown

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Metaplanet loss hit $725 million in Q1 2026, driven entirely by a $737 million non-cash Bitcoin writedown. Summary Japan’s Metaplanet posted a Q1 net loss of $725.6 million, driven by ¥116.4 billion in non-cash Bitcoin valuation losses as BTC fell 24% during the period. Revenue rose 251% year over year to $19.5 million and operating profit grew 283% to $14.4 million, as Bitcoin option income surged. Metaplanet added 5,075 BTC in Q1 to reach 40,177 total, cementing its position as the largest public Bitcoin holder outside the United States. Tokyo-listed…

Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock

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Key Takeaways Bitcoin tumbled to $78,704 on May 13 following a sharp acceleration in wholesale inflation data. Coinglass data shows the crash triggered $94 million in BTC long liquidations on the top cryptocurrency. Polymarket odds favor a Fed pause in June despite PPI jumping 1.4% in April 2026. Geopolitical Tensions and Macro Factors Bitcoin briefly plunged below $79,000 for the first time since May 4 as investors digested the latest producer price index (PPI) data, which showed a sharp acceleration in wholesale inflation. According to the cryptocurrency’s daily price chart,…

Japanese Telecom-Backed Fintech Group KDDI Acquires Coincheck Group Stake for $65M – Bitcoin News

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Key Takeaways KDDI paid $65 million for a 14.9% stake in Coincheck Group N.V., with the deal closing in June 2026. Au Coincheck Digital Assets, Inc. plans to launch a non-custodial wallet in summer 2026 for KDDI’s 30 million users. Coincheck Group shares climbed up to 35% on May 12 as investors responded to the KDDI partnership announcement. Japan Telecom Giant KDDI Invests $65 Million in Coincheck to Bring Crypto to 30 Million au Customers The deal, revealed this week, positions KDDI alongside Coincheck Group, a Nasdaq-listed Dutch holding company…