Tag: Bitcoin

Polymarket users challenge outcome of $80M Strategy Bitcoin bet

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More than $80 million has been wagered on a Polymarket market tied to Strategy’s Bitcoin sales, with the outcome now heading to a final dispute process after the company disclosed that it sold 32 BTC before the market’s May 31 deadline. Summary A Polymarket market with more than $80 million in volume entered a dispute after Strategy disclosed a 32 Bitcoin sale that occurred before the May 31 deadline. Polymarket proposed a “No” resolution, arguing that confirmation of the sale was not publicly available within the market’s timeframe. The final…

Is Mt. Gox selling $739 million worth of Bitcoin?

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Mt. Gox has transferred 10,422 BTC worth about $739 million in its first on-chain bitcoin movement since March, raising concerns among market watchers. Summary Mt. Gox moved 10,422 BTC worth about $739 million in its first major bitcoin transfer since March, according to Arkham Intelligence. Blockchain data shows the bitcoin was sent to a new unmarked wallet rather than a known exchange address, leaving the purpose of the transfer unclear. The exchange still holds more than 34,500 BTC as creditor repayments continue under a deadline that runs through October 2026.…

Sosnick Warns Crypto’s ‘Tourists’ Are Cashing out as Bitcoin ETFs Bleed $1.42 Billion

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Key Takeaways Interactive Brokers’ Steve Sosnick warns crypto bought by performance chasers will be sold by performance chasers. Spot bitcoin ETFs lost $1.42 billion last week, the third-highest weekly outflow on record. A real conviction-based rally, Sosnick argues, depends on holders who do not flee at the first AI-stock distraction. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital that flowed into crypto during the rally never had real conviction behind it. “If it was…

S&P 500 Closes at Record 7,599 as Stocks Outrun a Lagging Bitcoin

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Key Takeaways The S&P 500 closed at a record 7,599.96 on June 1, up 0.26% on an Nvidia-led tech rally. Bitcoin opened June below $71,000 after $2.43 billion in May spot ETF outflows, lagging stocks. A widening stocks- crypto gap could test bitcoin’s correlation with risk assets into the summer. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.26% to close at an all-time high of 7,599.96, while the Nasdaq Composite gained 0.42% to 27,086.81 and the Dow Jones…

Bitcoin ETF withdrawals reach $3.45B in 11 day streak as BTC slides

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Bitcoin ETFs have recorded $3.45 billion in net outflows across 11 consecutive trading sessions after another $483.8 million left the funds on Monday, as investors reacted to geopolitical tensions and renewed selling pressure in the crypto market. Summary U.S. spot Bitcoin ETFs recorded $483.8 million in net outflows on Monday, extending their losing streak to 11 consecutive trading sessions. Bitcoin fell below $71,000 as ETF withdrawals accelerated and geopolitical tensions between the U.S. and Iran weighed on market sentiment. Strategy disclosed its first Bitcoin sale since 2022, while more than…

⚠️ EMERGENCY !! IRAN US – WAR फिरसे शुरू ? BITCOIN CRYPTO GOLD SILVER सब CRASH हो रहे – क्या करें ?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, We will share why bitcoin crypto gold silver crashing and and what is the future potential for recovery in bitcoin and crypto market will it make new bottom or new high ? We will also share some more interesting data and chart patterns. Will we be able to see altcoins season or not . We will also share the latest update and news and why we can see big move in bitcoin and cryptocurrency market and what to do,…

Bitcoin Falls to Two-Month Low as Stocks Hit Record Highs

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Bitcoin fell to its lowest level in almost two months on Tuesday as cryptocurrencies continue to diverge from traditional equity markets. Bitcoin (BTC) fell to a low of $70,023 on Coinbase early on Tuesday, its lowest level since April 7, marking a daily decline of more than 4% and a weekly loss of 8%, according to TradingView. Bitcoin is down 44% from its October peak of $126,000.  US stock markets such as the S&P 500 have meanwhile hit a record high of just over 7,600 points on Monday, while the…

Bitcoin Bottom Not In Yet? Analyst Sees Higher Odds Of Drop Below $61K

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Bitcoin’s derivatives market has yet to fully heal from a violent shakeout last October, when roughly 71,000 BTC worth around $11 billion was wiped from open interest across major exchanges. Total open interest has not recovered to pre-event levels, leaving a gap of more than 24,000 BTC that signals many traders are still sitting on the sidelines. Related Reading Derivatives Damage Still Visible That cautious positioning sits at the center of growing concern about where Bitcoin heads next. The world’s largest cryptocurrency closed May at $73,560, down 3.40% for the…

The Unexpected Deal Steve Jobs Offered U2 After Refusing to Hand Over Apple Shares – Bitcoin News

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Key Takeaways U2 sought Apple shares in 2004; Steve Jobs rejected equity and reshaped the deal. Apple’s 2004 iPod U2 Edition boosted sales, showing product-led marketing power. Jobs’ 2004 strategy still influences brand partnerships and celebrity tie-ins today. Back in 2004, U2 tried to trade star power for Apple stock. Steve Jobs said no, then flipped the pitch, persuading the band to front a campaign for free. The result was a black iPod with a red click wheel and U2’s signatures etched on the back, a limited edition that flew…

Strategy Sells Bitcoin For First Time Since 2022 Tax-Loss Trade

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Strategy sold a small portion of its Bitcoin holdings last week, marking the company’s first disclosed BTC sale since its December 2022 tax-loss harvesting transaction. The sale is notable less for its size than for what it signals: Strategy is now willing to use a sliver of its Bitcoin stack to service the preferred equity structure it has built around its balance sheet. According to a Form 8-K filed with the US Securities and Exchange Commission, Strategy sold 32 BTC between May 26 and May 31 for roughly $2.5 million.…