Category: News

Sam Bankman-Fried Drops New Trial Motion as FTX Portfolio Hypothetical Goes Viral – Bitcoin News

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Key Takeaways: Sam Bankman-Fried (SBF) withdrew his Rule 33 new trial motion on April 22, 2026, without prejudice, preserving the right to refile after his Second Circuit appeal concludes. Viral social media posts estimating FTX’s unliquidated portfolio would be worth $114 billion today, led by a 165x gain on Anthropic. SBF’s appeal and reassignment request before Judge Kaplan remain active, leaving the legal outcome of the FTX case unresolved through at least 2026. SBF Withdraws Rule 33 Motion in SDNY, Preserves Right to Refile After Appeal The withdrawal letter, docketed…

DeFi Just Lost $15 Billion in Three Days. Something Deeper Than a Hack Is Behind It

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DeFi is having one of its most difficult weeks in recent memory. What started as a single exploit on April 19 has since cascaded into a system-wide liquidity shock that has rattled confidence across the ecosystem and raised questions that go well beyond the incident itself. Related Reading The event began at Kelp DAO, where an attacker identified and exploited a critical flaw in the protocol’s collateral system. To understand what happened, it helps to understand what rsETH is supposed to be. Under normal conditions, rsETH is minted when a…

Setting Stage for Major Breakout

Solana is back at the level that has broken bulls before. SOL USD is trading at $91.35, up 3.72% in the past 24 hours, pressing against the $90–$94 supply zone that has capped every meaningful rally since early spring. Whether this attempt ends differently than the last several is the question driving elevated volume, and the answer may arrive sooner than most expect. Trading volume surged 35% to $5.3Bn in the past 24 hours, representing roughly 11% of SOL’s circulating market cap, an unusually high turnover ratio that signals genuine…

Pantera Capital Urges London-Listed Satsuma to Offload $50 Million Bitcoin Treasury

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Key Takeaways: Pantera Capital is pressing LSE-listed Satsuma Technology to sell $50M in bitcoin. Satsuma raised $218M in a Pantera-backed round in 2025, with over $125M of the total settled in bitcoin. The push follows a 99% drop in non-Strategy bitcoin treasury purchases from its August 2025 peak. Backer Turns Against His Own Investment Satsuma Technology, which trades on the London Stock Exchange, raised $218 million in an oversubscribed convertible note round in 2025, with Pantera Capital among its key backers alongside ParaFi, Kraken, and DCG. The round was partly…

Bitcoin To $140,000 And XRP To $7? Here’s When It Will Happen

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Crypto analyst RWA Investor has predicted that Bitcoin will rally to $140,000 and XRP to $7, setting new all-time highs (ATHs) for these cryptos. The analyst also provided a timeline for when they will reach these targets and what will spark the parabolic rally.  Analyst Predicts Bitcoin Rally To $140,000 And XRP to $7 In an X post, RWA Investor predicted that Bitcoin would be trading at $140,000 in May and that XRP would hit $7. He claimed that this is not wishful thinking but a psychological perspective. The analyst…

BlackRock Dominates Bitcoin ETF Inflows as BTC Rises

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US-listed spot Bitcoin exchange-traded funds recorded a seventh straight day of net inflows on April 23.  Summary BlackRock’s IBIT captured $1.4 billion, driving more than 73% of recent US Bitcoin ETF inflows. Spot Bitcoin ETFs posted seven straight inflow days, totaling $1.9 billion as BTC approached $80,000. Morgan Stanley’s MSBT stayed without outflows since launch, while Grayscale’s GBTC recorded $100 million redemptions. The products added $335.8 million on the day, extending a strong run that started in mid-April. Over the full seven-day period, the funds brought in about $1.9 billion.…

Pantera urges Satsuma to sell $50M Bitcoin and return capital

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Some shareholders of Satsuma Technology Plc, including Pantera Capital, have asked the London-listed company to sell its Bitcoin holdings and distribute the proceeds to investors.  Summary Pantera urged Satsuma to sell 646 BTC and return proceeds to shareholders after mounting pressure. Satsuma confirmed some investors want capital returned as it reviews options for all shareholders carefully. Shares have collapsed while Satsuma’s Bitcoin holdings now exceed the company’s current market valuation level. Bloomberg reported the request on April 23, placing fresh attention on the company’s digital-asset treasury model. Pantera holds about…

XRP Integrations Keep Rolling In Across The Ecosystem

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“Pay attention. FOMO.” That was the blunt message from XRPL validator Vet, posted to X this week, as a string of major platforms moved to add XRP and XRP Ledger support across payments, exchanges, and self-custody tools. Related Reading He was not talking about Ripple’s own products. He was pointing to independent adoption — and the list is getting harder to ignore. Binance And Bitget Expand Their XRPL Footprint Binance completed its integration of RLUSD — Ripple’s enterprise stablecoin — directly on the XRP Ledger back in February. Since then,…

Why the U.S. military is testing a Bitcoin node now

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The U.S. government is running a Bitcoin node as part of a cybersecurity test, according to Admiral Samuel Paparo, the commander of U.S. forces in the Pacific.  Summary Admiral Samuel Paparo said the U.S. runs a Bitcoin node for cybersecurity tests, not mining. The military views Bitcoin as a cryptography and blockchain tool to help secure networks today. Paparo said the government remains in an experimentation phase as it studies Bitcoin’s defense applications. He told lawmakers that the work is still in an experimental stage and is focused on network…

Next Big Bitcoin Move May Defy Everything Traders Expect: Expert

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Bitcoin Magazine Pro lead analyst Matt Crosby says traders relying on Bitcoin’s traditional four-year cycle may be leaning on a framework that no longer fits the market. In his latest analysis, Crosby argued that structural shifts in supply, institutional demand and macro liquidity now matter more than the old halving-driven playbook. Bitcoin’s Old Cycle Playbook Is Breaking Down Crosby’s core claim is straightforward: Bitcoin may already be trading in a different regime. Pointing to the fact that more than 20 million BTC are now in circulation, he said over 95%…