Category: Bitcoin News

K Wave Media rejects Bitcoin for AI data centres

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K Wave Media reversed its $485 million Bitcoin treasury plan today, redirecting funds to AI data centres and GPUs Summary K Wave Media scrapped its $500 million Bitcoin treasury strategy and redirected approximately $485 million to AI data centres and GPU infrastructure. Shares fell 24% on the announcement, which also came with a company rebrand to Talivar Technologies, pending shareholder approval. CEO Ted Kim called the reversal “a defining inflection point,” making K Wave one of the most abrupt corporate Bitcoin strategy pivots on record. K Wave Media scrapped its…

Triple Win for Bitcoin ETFs With $532M Inflow While Ethereum Adds $61M

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Key Takeaways: U.S. bitcoin spot ETFs recorded $532M in net inflows, their third consecutive positive day. U.S. ethereum spot ETFs added $61.29M, signaling institutional demand across both assets. April’s $2.44B in total spot BTC ETF inflows was the strongest monthly figure since October 2025. Institutional Buyers Are Not Pulling Back The three-day streak matters beyond the headline number, especially in crypto ETF markets, where multi-day inflow runs signal that institutional buyers are not treating a price move as a short-term trading event but rather as an accumulation opportunity. Three consecutive…

Ark Invest sees Bitcoin hitting $16T and crypto $28T by 2030

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Ark Invest’s Big Ideas 2026 sees Bitcoin compounding about 63% annually to a $16T cap by 2030, anchoring a $28T crypto market dominated by BTC, Ethereum, and Solana. Summary Ark Invest’s new Big Ideas 2026 report projects Bitcoin’s market capitalization could grow at roughly a 63% compound annual rate, rising from about $1.5–$2 trillion today to $16 trillion by 2030. The firm expects the total crypto market to expand from around $2.8 trillion to $28 trillion over the same period, with Bitcoin capturing about 70% and the rest dominated by…

Hyperliquid Whale Bets $1.31M on TON at 6x Leverage as Bitcoin Eyes Fresh Highs

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Key Takeaways: A new Hyperliquid wallet opened a 6x TON long worth $1.31M on May 5, with a $1.42 liquidation price. The trade signals elevated risk appetite as bitcoin surged past $81,000 for the first time since January. Hyperliquid has continued attracting large traders after launching its HIP-4 prediction markets on May 2. A Trader Who Wasted No Time Minutes after creating a fresh wallet address on Hyperliquid, the anonymous trader loaded it with capital and went long on toncoin (TON), the native asset of The Open Network blockchain. Onchain…

Massive $1.9 Million Loss Nukes 11 Winning Bitcoin Trades for Whale

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Key Takeaways: Wallet 0x004e closed a 700 BTC short on May 5, booking a $1.94M loss on a single trade. The loss erased $1.71M earned across 11 consecutive profitable bitcoin short positions. Bitcoin’s push above $81,000 triggered a broad short squeeze, forcing leveraged bears to cover losses. The Math Behind the Wipeout The trader had closed a 700 BTC short valued at $56.68 million, exiting at a $1.94 million loss. The net result across all 12 trades was a negative total PnL of roughly $230,000. Eleven wins wiped out by…

Russia’s Moscow Exchange to Launch SOL, XRP, Tron and BNB Crypto Indexes on May 13 – Bitcoin News

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Key Takeaways: Russia’s Moscow Exchange will launch crypto indexes for SOL, XRP, TRX and BNB within the next week. Moex will weigh price data from Binance (50%), Bybit (20%), OKX (15%), and Bitget (15%). The exchange plans to grow its crypto index suite from six to at least 10 assets over time. How the Indexes Will Be Priced The addition brings Moex’s total crypto index count to six. The exchange launched its bitcoin index (MOEXBTC) in June 2025 and its ether index (MOEXETH) in October 2025. The four new benchmarks,…

Strive pushes past 15,000 BTC with fresh $33.9M bitcoin buy

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Strive, Inc. has pushed its Bitcoin treasury past 15,000 BTC after its latest purchase added to a months-long accumulation run. Summary Strive has crossed 15,000 BTC after buying 444 bitcoin for $33.9 million, according to its SEC filing. Company disclosures show the treasury has grown by over 2,200 BTC since its Semler Scientific acquisition in January 2026. Investor filings indicate Strive raised $225 million through its SATA preferred stock, with demand exceeding $600 million. According to an 8-K filing with the U.S. Securities and Exchange Commission, the Dallas-based firm bought…

Bitcoin rally targets $89K after MACD crossover, but can bulls hold?

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Bitcoin (BTC) traded near $81,025 on May 5 after rising 1.56% in the latest session.  Summary Ali Charts says Bitcoin’s weekly MACD crossover has already driven a 15% price increase since April 13. Bitcoin whales bought 4,527 BTC worth about $362M as ETF inflows supported renewed institutional demand. Santiment data shows Bitcoin on-chain activity hit two-year lows despite BTC reclaiming the $80K level. The asset also recorded an intraday high near $81,204, while trading volume stayed elevated as buyers returned above the $80,000 zone. The move followed a sharp market…

Bitcoin Breaks $81,000 Behind ETF Inflows, Iran De-escalation and a Short Squeeze

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Key Takeaways: Bitcoin hit $81,000 on May 5, 2026, its highest price since January, as multiple catalysts converged. April spot BTC ETF inflows totaled $2.44 billion, the strongest monthly figure since October 2025. Trump’s Project Freedom announcement eased Middle East tensions, sending crude futures down nearly 5%. Reclaiming Key Price Markers The move to $81,000 marks bitcoin’s highest price since January and the first time the cryptocurrency has reclaimed this level after a brutal first-quarter drawdown that had pushed BTC close to $62,000 at its lowest point. BTC breaks the…

K Wave stock sinks after $485M Bitcoin-to-AI pivot

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K Wave Media has redirected up to $485 million from its Bitcoin treasury strategy into artificial intelligence infrastructure.  Summary K Wave redirected $485M from Bitcoin treasury plans into data centers and GPU compute operations. KWM shares fell about 25% Monday after the company announced its Bitcoin-to-AI infrastructure strategy shift. The restructuring includes Play Co.’s planned sale and about $48M in debt and liabilities reduction. The Nasdaq-listed media and entertainment company disclosed the change in a May 4 Form 6-K filing with the U.S. Securities and Exchange Commission. The capital will…