Category: Bitcoin News

Prediction Market Traders Push April 2026 Volume to $8.6B, Kalshi Takes the Lead – Bitcoin News

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Key Takeaways: Kalshi posted $5.42B in April 2026 taker volume, surpassing Polymarket’s $1.99B for the first time. Polymarket collected $29.22M in April fees despite trailing Kalshi in volume, signaling higher-value contracts. Prediction market open interest hit $1.11B on May 1, 2026, with Kalshi and Polymarket holding 98% of it. Kalshi Holds $630M in Open Interest as Sector-Wide OI Tops $1.1B at the Start of May Essentially, prediction markets are platforms where participants buy and sell contracts tied to the outcome of future events, from elections and sports to crypto prices…

Bitcoin Price Holds Firm Near Highs, More Gains Could Follow

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Bitcoin price started a fresh increase and cleared the $80,500 zone. BTC is consolidating and might aim for more gains above the $81,200 level. Bitcoin managed to stay above $78,500 and started a fresh increase. The price is trading above $78,800 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $79,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $79,200 and $78,800 levels. Bitcoin Price Eyes Fresh Highs…

Yen Carry Trade on Steroids? Strategist Flags Bitcoin-Linked STRC Yields

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Key Takeaways: Comparison to the yen carry trade signals potential for large-scale capital reallocation. STRC offers monthly cash dividends, public-market access, and an 11.52% effective yield. Regulatory clarity could accelerate institutional participation and expand alternative yield benchmarks. Bitcoin-Linked Carry Trade Draws Wall Street Attention Wall Street may be underestimating a major carry trade forming around bitcoin-linked income products, James E. Thorne, Chief Market Strategist at private wealth management firm Wellington Altus, said on May 3. The strategist pointed to early capital movement away from low-yield Fed funds toward higher-yield instruments…

Paradigm launches PACTs Bitcoin quantum proposal

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Paradigm Bitcoin general partner Dan Robinson published a proposal on May 1 for Provable Address-Control Timestamps, or PACTs, a system that lets dormant Bitcoin holders privately timestamp proof of key ownership before quantum computers arrive, creating a potential rescue path for Satoshi Nakamoto’s estimated 1.1 million BTC. Summary PACTs use three steps: a secret salt, a BIP-322 ownership proof, and an OpenTimestamps commitment anchored on-chain, all without any public on-chain transaction. If Bitcoin later implements a quantum sunset soft fork, PACT holders can submit a STARK zero-knowledge proof to reclaim…

Morgan Stanley says Bitcoin on bank balance sheets

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Morgan Stanley head of digital asset strategy Amy Oldenburg said at the Bitcoin 2026 Conference in Las Vegas that Bitcoin on US bank balance sheets is “not totally out of the question,” citing 16 months of regulatory progress while warning that Basel capital rules and Fed guidance still stand in the way. Summary The Basel Committee’s 1,250% risk-weight on unbacked crypto makes direct Bitcoin balance-sheet exposure economically unviable for major banks under current rules. Morgan Stanley’s MSBT launched April 8 as the first US bank-affiliated Bitcoin ETP, hitting $100M in…

Influencer Ashcrypto Under Fire for Alleged ROYA Pump-and-Dump Scheme – Bitcoin News

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Key Takeaways: ZachXBT alleged that Ashcrypto ran several pump-and-dump schemes on illiquid CEX-listed altcoins. Evidence shows Ashcrypto called ROYA publicly, then told followers he was “holding 100%” while selling. The allegation is amongst other similar influencer-based manipulations that have continued into 2026. The ROYA Incident Ashcrypto, who has over 2.1 million followers on X, made a public call for ROYA, the native token of decentralized lending platform Royale Finance, on a centralized exchange ( CEX). Within hours, he acted puzzled and messaged “who the f is selling like this” on…

Bitcoin price breaks $80,000 at Consensus 2026

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Bitcoin price broke above $80,000 on May 4 for the first time since January 31, reaching the level as Consensus 2026 opened in Miami and $630 million in US spot Bitcoin ETF inflows on May 1 gave the move institutional backing. Summary April’s $1.97 billion in spot Bitcoin ETF inflows was the highest monthly total of 2026, setting the stage for the $80,000 reclaim. CryptoQuant analysts said the rally is driven by ETF inflows and leveraged longs, not broad-based spot buying, a pattern historically linked to fragile gains. Polymarket odds…

UAE Intercepts Missiles as Bitcoin Surges Past $80K, Triggering $270M Liquidations

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Key Takeaways Bitcoin hit a 3-month peak of $80,617 on May 4, possibly signaling the end of the latest crypto winter. Volatility caused $554 million in liquidations as Brent crude hit $115 amid Strait of Hormuz tensions. Economists warn of a global recession unless the Trump administration and Iran reach a peace agreement. Ending the Crypto Winter Bitcoin regained its stride Monday, bouncing back above $80,000 after early morning jitters tied to Middle East tensions. Though the top cryptocurrency dipped to a session low of $78,203 around 6:30 a.m. EDT,…

Blackrock IBIT Drives Inflows as Bitcoin ETFs Post $163M Weekly Gains

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Key Takeaways: Bitcoin ETFs logged $162.8M inflows, boosted by Blackrock IBIT’s $136.6M. Ether ETFs saw $82M outflows, led by Blackrock ETHA, showing weaker demand. XRP (-$35K) and Solana (-$1.2M) lag, as markets watch if bitcoin strength will continue to hold. Investors Trade $1B+ Daily in Bitcoin ETFs as Flows Shift to Selective Risk The week opened with hesitation and closed with conviction. That contrast defined ETF flows between April 27 and May 1, as investors shifted from early caution to renewed, if selective, risk-taking. Bitcoin spot ETFs ultimately recorded net…

Tether Mints 5 Billion USDT in Two Weeks as Liquidity Signal Builds Alongside Bitcoin Rally

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Key Takeaways: Tether minted 5B USDT in two weeks, including 1B USDT on Tron on May 4. USDT’s total supply now stands at $189.5B, giving Tether a 58.9% share of the $321B stablecoin market. Large-scale USDT minting historically precedes buying pressure; bitcoin crossed $80,000 the same day. Tether’s Two-Week Minting Wave Onchain data service Lookonchain flagged that Tether had minted another 1 billion USDT on the Tron network, the latest in a string of large issuances that have totaled 5 billion USDT across Ethereum and Tron over the past two…