Category: News

CoinShares reveals hedge funds slashed Bitcoin ETF exposure by 39% in Q1

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Hedge funds have reduced their exposure to U.S. spot Bitcoin exchange-traded funds by 39% during the first quarter, as professional investors pulled back from the market amid a steep decline in Bitcoin prices. Summary CoinShares reported that hedge funds cut U.S. spot Bitcoin ETF exposure by 39% in Q1, leading a broader institutional pullback. Professional investors reduced combined Bitcoin ETF holdings by 17% to 261,000 BTC as Bitcoin fell 22% during the quarter. Citigroup said ETF flows drive roughly 45% of Bitcoin’s weekly returns and identified regulatory progress as a…

Ripple Partner Thunes Unveils Development That Could Strengthen XRP’s Global Payment Narrative

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Coinbase to Launch Token-backed Mortgage Payments this Summer

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Cryptocurrency exchange Coinbase will allow qualified borrowers to pledge digital assets to fund Fannie Mae-backed mortgage apartments beginning this summer. In a Thursday notice, Coinbase and its partner, Better Home & Finance, said the mortgage structure plan launching “by summer 2026” will allow borrowers to initially use Bitcoin (BTC) or USDC (USDC) as collateral for loans to fund down payments for homes. The initiative, first announced in March, represented a significant shift in companies allowing digital assets to be used for financing houses.  Source: Pavel Danilyuk on Pexels “We’re excited…

Bitcoin Traders Dump Long Bets as $636M Gets Wiped Out in One-Day Rout

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Key Takeaways Bitcoin fell to $61,310 before fluctuating near $64,000 amid a major crypto market downturn. A massive market sell-off triggered $1.73 billion in total leveraged liquidations across platforms. Bitget Wallet warns that persistent outflows could force a future bitcoin retest of $55,000 to $57,000. Volatility Grips Bitcoin After Flash Crash After plunging to $61,310 late Wednesday, bitcoin quickly reversed the losses, and by midnight it was hovering around $64,600. However, the cryptocurrency could not sustain the momentum, declining gradually until it stabilized at levels just above $62,200. A similar…

$3 Trillion AI IPO Wave Could Pull Capital From Bitcoin as Investors Chase New Market Giants

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Key Takeaways SpaceX targets a June 12 IPO that could raise up to $75B at a $1.75T valuation. OpenAI and Anthropic are pursuing 2026 listings that could push AI IPO values above $3T. Bitcoin faces growing competition for capital as investors eye direct exposure to AI leaders. 3 AI Mega-IPOs Could Redirect Billions At the center of the discussion are three AI giants that could collectively command more than $3 trillion in market value. SpaceX, OpenAI and Anthropic are all reportedly preparing for public listings, with SpaceX expected to lead…

Standard Chartered Just Issued A Bitcoin Warning — And The 3 Triggers Are Already In Motion

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Standard Chartered’s head of digital assets research, Geoff Kendrick, has outlined three specific scenarios that stand between Bitcoin and a new market low — a sobering analysis arriving as Bitcoin trades near $62,562, its lowest level since the February lows, and ETF outflows reach historically severe levels, according to a CoinDesk report. Related Reading The analysis from one of the most closely watched institutional voices in crypto arrives as the broader market absorbs a brutal string of data points. US spot Bitcoin ETFs recorded $1.42 billion in outflows for the…

Standard Chartered reaffirms $100K Bitcoin bet as bears see more pain

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Bitcoin has fallen more than 15% this week and briefly slipped towards $61,000, yet Standard Chartered has kept its year-end price target at $100,000 and said the current decline may offer a buying opportunity. Summary Standard Chartered kept its $100,000 Bitcoin target, saying the recent selloff may be nearing an end. Geoffrey Kendrick expects Strategy to resume Bitcoin purchases and cited resilient spot ETF inflows. The bank said recent Bitcoin liquidations were smaller than those seen in major past market crashes. According to a note sent to clients on June…

Bitcoin Must Hold $60,000 Next After $2 Trillion Crypto Market Wipeout

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Bitcoin (BTC) returned below $64,000 after Thursday’s Wall Street open as bulls nursed 13.5% weekly losses. Key points: Bitcoin struggles to stabilize amid its worst week of losses in 2026 so far. $60,000 is the line in the sand for bulls to defend, analysis says. BTC price action with a key trend line closely mimics the 2022 bear market. Bitcoin “sellers remain in control” as $60,000 nears Data from TradingView showed BTC price strength barely recovering after a slide to its lowest levels since early February. BTC/USD one-hour chart. Source:…

Bybit Lists Western Union’s USDPT Stablecoin Amid Payments Push

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Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time. The companies announced on Thursday that USDPT, Western Union’s US dollar-pegged stablecoin, is now available on Bybit for holding, trading and transfers. The integration expands USDPT beyond payments and into crypto trading while increasing the range of dollar-denominated stablecoins available to Bybit users. Bybit said it is the first major cryptocurrency exchange to support USDPT. Source: Western Union Western Union…

Bitcoin network activity drops to a 7-year low as price weakens

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Bitcoin has seen its network use fall to its weakest level in more than seven years as selling pressure and lower on-chain activity weigh on market confidence. Summary Bitcoin active addresses dropped near 2019 bear market levels, according to Bitcoin Magazine’s 60-day moving average data. Bitcoin network use has declined since the 2021 bull market, as ETFs reduced direct on-chain transaction demand. The Genius Act helped stablecoin activity expand on Ethereum, Solana, and Tron, adding pressure on Bitcoin utilization. Bitcoin Magazine data showed that the 60-day moving average of active…