Category: Bitcoin News

21shares Debuts US HYPE ETF With $1.8M Day-One Volume on Nasdaq – Bitcoin News

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Key Takeaways THYP launched with spot HYPE exposure, staking rewards, and $1.8 million in trading volume. Investors face staking risks, market-price trading, and no direct individual share redemption. TXXH’s daily leverage reset may amplify losses over time. Hyperliquid ETF Debut Puts THYP in Focus Asset management firm 21shares announced on May 12 the launch of the 21shares Hyperliquid ETF (Nasdaq: THYP), offering U.S. investors spot exposure to HYPE and integrated staking rewards. The issuer also introduced the 21shares 2x Long HYPE ETF (Nasdaq: TXXH) on the same day as a…

Ray Dalio says Bitcoin blocks central banks

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Ray Dalio said Bitcoin lacks privacy and its transparency is why central banks will not hold it. Summary Bridgewater founder Ray Dalio posted on X that Bitcoin lacks privacy and its transactions can be monitored and potentially controlled by governments. Dalio said gold remains superior because it is more widely held, deeply established, and still plays a central role in the global financial system. Michael Saylor pushed back directly, calling Bitcoin’s transparency a feature rather than a flaw that makes it usable as global digital collateral. Bridgewater Associates founder Ray…

US Banks Prepare for Tokenization Tipping Point, Moody’s Ratings Finds – Bitcoin News

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Key Takeaways Moody’s reports that U.S. banks see a “slow then fast” shift to tokenized assets and digital money as inevitable. DTCC plans to launch limited production trades of tokenized securities in July 2026 to modernize U.S. markets. Tokenized MMFs reached $10 billion in 2026, signaling a growing institutional demand for onchain liquidity. Digital Money Evolution: U.S. Financial Institutions Eye 24/7 Tokenized Markets Currently, activity is concentrated in stablecoins, tokenized deposits, and money market funds (MMFs). Most of this volume stems from cryptocurrency trading and specific institutional use cases. Moody’s…

Marathon Posts $1.3B Loss as Bitcoin’s 18% Slide Cuts Q1 Revenue by $35M

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Key Takeaways Marathon Holdings posted a $1.3 billion net loss in Q1 2026 due to an 18% drop in average bitcoin prices. The 33% surge in hashrate to 72.2 EH/s reflects intense mining competition and rising overhead costs. Marathon sold $1.5 billion in bitcoin to fund a strategic pivot into AI and retire 30% of its debt. Surge in Operating Costs Digital infrastructure company Marathon Holdings attributed a decline in revenue in the first quarter of 2026 to a decrease in the U.S. dollar value of bitcoin during the period.…

Bitcoin eyes $90,000 as inflation priced in and CLARITY Act looms

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21Shares’ Matt Mena says Bitcoin’s refusal to dump on hot CPI shows inflation is priced in, leaving the CLARITY Act vote as the next major catalyst for a push toward $90K. Summary 21Shares analyst Matt Mena says Bitcoin’s failure to sell off on hot inflation data signals the market has already priced in macroeconomic headwinds, with BTC holding above the key $80,000 support level. Mena sees a path from the current $82,000 resistance retest toward $85,000 as macro friction clears, with the Senate CLARITY Act vote identified as the next…

Will BTC Hit Six Figures? Analyzing Prediction Market Odds on Kalshi, Polymarket, Limitless, and More – Bitcoin News

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Key Takeaways Polymarket traders assign a slim 11% chance that bitcoin hits $150,000 by December 31, 2026. Kalshi data shows a 47% probability of bitcoin surpassing the $100,000 milestone during 2026. Total volume across major prediction markets for BTC price targets has exceeded $80 million in 2026. As of May 12, 2026, the prediction platform Polymarket has recorded a staggering $18,360,481 in total trading volume for its primary $150,000 target market. Despite the heavy financial commitment from participants, the collective sentiment remains grounded in reality rather than moonshot euphoria. Data…

MARA Holdings sold $1.5B Bitcoin to fund AI pivot

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MARA Holdings sold $1.5 billion in bitcoin in Q1 2026, dropping to the fourth largest public BTC holder. Summary MARA sold 20,880 bitcoin at an average of $70,137 in Q1 2026, generating $1.5 billion and using $1.1 billion to repurchase convertible notes. The company now describes itself as a digital infrastructure company, with up to 90% of non-hosted mining capacity under review for AI and HPC conversion. MARA agreed to acquire Long Ridge Energy and Power, a 505-megawatt Ohio gas plant, in a $1.5 billion transaction to anchor its AI…

Bitcoin Slips Below $80K After US Inflation Hits 3.8% and Rate Cut Hopes Fade

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Key Takeaways Bitcoin fell below $80,000 on May 12 as Trump warned that the U.S.-Iran ceasefire is on life support. A 1.6% drop in crypto prices wiped out $232 million in long bets as bitcoin’s market cap fell to $1.61 trillion. Markets await the PPI report to see if 3.8% inflation will force further energy price pressure. Stalled Negotiations and Regional Stability Bitcoin briefly dipped below $80,000 on May 12 as global markets reacted to President Donald Trump’s warning that the ceasefire between the U.S. and Iran was “on life…

Bitcoin’s Bull-Bear Cycle Indicator Turns Green for First Time Since March 2023

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Key Takeaways Cryptoquant’s Bull-Bear Cycle Indicator turned green for the first time since March 2023 on May 12. The March 2023 signal preceded a bull run that took bitcoin above $73,000, but a 2022 false signal warrants caution. April spot ETF inflows hit $2.44B, and whale accumulation has grown, adding weight to the bullish read. Bullish Signal Flashes Near $80,000 Cryptoquant’s Bitcoin Bull- Bear Market Cycle Indicator entered bullish territory on Tuesday for the first time since March 2023, per data shared by the analytics firm. The shift marks what…

‘Neither Credible nor Attractive:’ Ebay Board Rejects Gamestop’s Unsolicited $56B Takeover Bid – Bitcoin News

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Key Takeaways Gamestop CEO Ryan Cohen’s $56 billion unsolicited bid to acquire Ebay was formally rejected on May 12, 2026. Ebay shares remained stagnant while Gamestop stock fell 4% following concerns over the $20 billion debt plan. The Ebay board will focus on its 136 million users, while Gamestop may consider a future proxy fight action. Gamestop’s Bid for Ebay Ends in Rejection Amid Financing Uncertainty In a definitive move, the board of directors at Ebay Inc. has rejected a $56 billion unsolicited acquisition proposal from GameStop Corp. The rejection…