Category: Bitcoin News

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…

Hut 8 unlocks $260M in Bitcoin as it refinances $200M FalconX loan

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Bitcoin miner Hut 8 has refinanced its $200 million Bitcoin-backed credit facility with FalconX at a 7% fixed rate, replacing its Coinbase loan and unlocking approximately 3,300 BTC worth $260 million from collateral. Summary Hut 8 has signed a $200 million Bitcoin-backed credit agreement with FalconX, replacing its previous Coinbase Credit facility and cutting its borrowing cost by 200 basis points. The new loan carries a fixed 7% annual interest rate, down from 9%, and will release about 3,300 BTC — worth roughly $260 million — from collateral to unencumbered…

Gamestop Bids $56B for Ebay, Leveraging $519M Bitcoin Treasury

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Key Takeaways: Gamestop offered $55.5B for Ebay at $125/share, with TD Bank providing $20B in debt financing. The bid draws on Gamestop’s $519M bitcoin position, built from 4,710 BTC purchased in fiscal 2025. Ryan Cohen plans a proxy fight if Ebay’s board refuses, signaling full commitment to the acquisition. The Offer Gamestop submitted an unsolicited, non-binding offer to acquire Ebay for approximately $55.5 billion, $125 per share in a roughly equal split of cash and Gamestop common stock, representing a 20% premium to Ebay’s last Friday close. Ryan Cohen, who…

Capital B secures $1.28M from Adam Back to build Bitcoin stash

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Capital B has secured fresh backing from Blockstream CEO Adam Back through a 1.1 million euro ($1.28 million) warrant issuance, deepening the cryptographer’s exposure to the French-listed Bitcoin treasury firm. Summary Capital B has raised €1.1 million through warrants fully subscribed by Blockstream CEO Adam Back, increasing his stake to 9.97% on a diluted basis. The company said the funds will support its Bitcoin treasury strategy, as shares rose over 6.5% on the announcement despite a 16% decline in 2026. According to a Monday announcement from Capital B, Back subscribed…

Raoul Pal Backs Zcash as Bitcoin’s ‘Younger Sibling’ While ZEC Climbs 8%, Outpacing Altcoins

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Key Takeaways: Zcash (ZEC) surged past $400 on May 3, marking its first climb to that level since early 2026. Over $10.5 million in ZEC short positions were liquidated as the coin reached a $7 billion market cap. Barry Silbert and Raoul Pal suggest Zcash may capture 10% of bitcoin capital as privacy demand grows. ZEC Outpaces High-Cap Altcoins The privacy coin Zcash (ZEC) surged past the $400 mark for the first time since late January amid renewed chatter regarding the privacy narrative. According to market data, ZEC rallied to…

Morgan Stanley advises 2 Bitcoin exposure as demand grows

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Morgan Stanley is advising clients to hold 2%–4% Bitcoin exposure as demand for regulated crypto products grows.  Summary Morgan Stanley recommends 2%–4% Bitcoin exposure as clients seek regulated access through new investment products. MSBT attracted over $100 million before adviser access, showing strong self-directed demand for Bitcoin exposure. Oldenburg said bank-held Bitcoin remains possible, but Fed, Basel, and global rules still slow adoption. The guidance was shared by Amy Oldenburg, the bank’s head of digital asset strategy, during the Bitcoin Conference in Las Vegas. Oldenburg said the bank sees client…

Blackrock’s European Bitcoin ETP Surpasses $1.1 Billion in Assets With 14,200 BTC

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Key Takeaways: Blackrock’s European IB1T ETP crossed $1.1 billion AUM with 14,200 BTC as of May 4, 2026. IB1T launched in March 2025 and is listed on Euronext Amsterdam among other European exchanges. The milestone confirms institutional bitcoin demand is now a transatlantic trend, not just U.S.-centric. IB1T Joins IBIT as a Flagship Product According to data, Blackrock’s iShares Bitcoin exchange-traded product (ETP) in Europe holds roughly 14,200 BTC and has surpassed $1.1 billion in assets under management (AUM). The product trades under the ticker IB1T on Euronext Amsterdam and…

Bitcoin price surges past $80K as Trump announces “Project Freedom”

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Bitcoin price surged to a four-month high of $80,529 on Monday shortly after United States President Donald Trump revealed “Project Freedom” to help stranded cargo ships affected by the closure of the Strait of Hormuz. Summary Bitcoin climbs to $80,529, breaking $80K resistance after Donald Trump unveils “Project Freedom” amid Strait of Hormuz tensions. Rally triggers short squeeze, with over $160M in BTC shorts liquidated and more than $300M wiped across the broader crypto market, per CoinGlass data. U.S. spot Bitcoin ETFs log fifth straight week of inflows, while easing…

$150 Million in Crypto Shorts Liquidated in 60 Minutes as Bitcoin Clears $80,000

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Key Takeaways: $150 million in crypto shorts were liquidated in 60 minutes as bitcoin crossed $80,039. Binance futures showed a 62.8% short ratio before the breakout, one of the most lopsided setups in months. Sustained ETF inflows and institutional absorption make a pullback below $80K structurally harder to sustain. A Market Built for Pain The liquidation data was confirmed within an hour of bitcoin’s confirmed break above $80,000. The scale of the losses clearly implies how aggressively traders had positioned for a near-term downside move. Binance futures data showed the…