Category: Bitcoin News

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…

Can Bitcoin break $100K as the CLARITY Act heads to committee?

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With the CLARITY Act heading to committee and a July 4 signing window, Bitcoin sits near $82K as ETF flows, corporate treasuries and post‑halving supply all align for a $100K test. Summary U.S. Senator Cynthia Lummis says the CLARITY Act is entering committee review this week after nearly a year of bipartisan work, calling it a step toward “consolidating global financial innovation leadership.” The bill, co-authored by Senate Banking Committee chairman Tim Scott, Lummis and Thom Tillis, aims to establish a clear regulatory framework for digital assets, protect investors and…

Chainlink Lands DTCC Deal to Automate Collateral Workflows Across Global Blockchains – Bitcoin News

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Key Takeaways DTCC will integrate Chainlink’s Runtime Environment into its Collateral Appchain, targeting a Q4 2026 production launch. The platform automates collateral workflows for a firm that processed $4.7 quadrillion in securities transactions in 2025. Chainlink Co-Founder Sergey Nazarov says collateral management is the blockchain sector’s key application for traditional finance (TradFi). DTCC Picks Chainlink to Build 24/7 Collateral Management System for Global Markets DTCC‘s Collateral Appchain is built as shared infrastructure designed to modernize how collateral moves between market participants. The platform is intended to serve collateral providers, receivers,…

US Inflation Accelerates for Second Straight Month as Gas Costs Drive April CPI – Bitcoin News

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Key Takeaways The BLS reported April 2026 headline CPI at 3.8% year-over-year, beating the 3.7% consensus estimate. Energy prices jumped 17.9% annually, driven by the U.S.-Iran conflict, pushing gasoline up 28.4% YoY. The Federal Reserve now faces pressure to delay rate cuts into late 2026 or 2027 as core CPI hits 2.8%. Gasoline Prices Push U.S. CPI to 3.8% in April, Highest Reading Since Late 2025 The monthly CPI-U rose 0.6% on a seasonally adjusted basis in April, following a 0.9% increase the prior month. The all-items index reached 333.020…