Tag: Bitcoin

Samsung Affiliates Pay $408 Million for Upbit Operator Stake, Closing June 2026 – Bitcoin News

boss

Key Takeaways Regional news outlets report that Samsung affiliates will acquire a 4% Dunamu stake for 612.8 billion won ($408M), closing June 19, 2026. The deal gives Upbit, South Korea’s largest crypto exchange by volume, direct ties to major finance firms. Samsung Securities targets tokenized securities while Samsung Card eyes crypto payments via Monimo. Samsung Units to Acquire 4% Stake in Upbit Operator Dunamu Samsung Securities, Samsung SDS, and Samsung Card announced the deal on May 28, 2026, according to the Korea Herald and several other local outlets. The three…

US Strikes Iran In Fresh Attacks, Expert Says Get Your Money Out Of Bitcoin Now!

boss

The US-Iran war has again escalated with fresh strikes from both sides, a development that has now dampened hopes of an imminent peace deal. This has caused another significant decline in Bitcoin’s price, with an expert urging market participants to remove their funds from BTC.  US Strikes Iran As Expert Urges Investors To Dump Bitcoin An Al Jazeera report shows that the US shot down four Iranian drones and attacked a ground control station in Bandar Abbas, in a new escalation of the 3-month-long war. In response, Iran also struck…

BlackRock’s Bitcoin behemoth bleeds cash in second‑worst outflow day yet

boss

The move cements ETF flow as the main driver of Bitcoin’s short‑term price action, with discretionary buyers increasingly forced to trade around institutional liquidity. Summary BlackRock’s spot Bitcoin ETF suffered its second‑worst daily outflow since launch, with hundreds of millions in redemptions as BTC sold off sharply intraday. Across U.S. spot products, Bitcoin ETFs saw one of their heaviest combined exit days since January 2024, reversing weeks of inflows and flipping sentiment bearish. The move cements ETF flow as the main driver of Bitcoin’s short‑term price action, with discretionary buyers…

Someone Tested a 1997 Processor and Proved That Just 128 MB of RAM Is Enough to Run AI – Bitcoin News

boss

Key Takeaways EXO Labs ran Llama 2 on a 1997 Pentium II with just 128 MB of RAM. BitNet used -1, 0, and 1 weights to cut AI memory and compute demands. Nvidia-era AI costs face pressure as EXO Labs pushes software-first efficiency. EXO Labs just taught a Pentium II with 128 MB of RAM a new trick: run a trimmed Llama 2 model, slowly but surely. The team leaned on BitNet, a ternary-weight approach that pares neural math down to -1, 0, and 1, squeezing modern AI through a…

Grayscale shifts $112m in Bitcoin to Coinbase Prime amid ETF flow churn

boss

Grayscale has transferred roughly $112 million in Bitcoin to Coinbase Prime, adding to a steady drumbeat of institutional-sized flows hitting centralized venues this year. Summary Grayscale sent 1,530.704 BTC to Coinbase Prime worth about $112m in one hour. The move follows earlier multi hundred million dollar transfers tied to ETF redemptions. On chain data again puts Arkham in the middle as watcher of institutional flows. Grayscale deposited 1,530.704 Bitcoin into Coinbase Prime worth approximately $112 million in the last hour, according to blockchain tracking from Arkham relayed by ChainCatcher. The transfer went from…

Bitcoin price slips below the $75k mark as JPMorgan says the “devaluation trade” is cooling

boss

Bitcoin and gold are losing their appeal as macro hedges, JPMorgan says, as Middle East tensions and inflation fears ease and investors pull money from “devaluation trades.” Summary JPMorgan says investors are exiting Bitcoin and gold “devaluation trades” as macro fears cool Bitcoin and gold ETFs have seen notable outflows alongside weaker CME futures positioning The shift follows months of inflows into Bitcoin ETFs during the Iran conflict-driven macro hedge trade Bitcoin’s (BTC) role as the market’s flagship “devaluation trade” is fading as investors unwind macro hedges built during the…

Bitcoin Futures Gaps to Become History as CME Begins 24/7 Trading

boss

Bitcoin (BTC) has created its last classic price magnet as a staple chart feature disappears forever. Key points: Bitcoin is set to lose popular short-term price targets as CME Group’s futures market goes 24-hour. CME futures gaps will no longer be created over weekends. Several open gaps still remain on the chart, with the lowest near $67,000. Bitcoin futures gaps to disappear permanently Starting on Friday, CME Group’s Bitcoin futures market will trade 24 hours a day, seven days a week, ending the phenomenon of futures “gaps.” Futures trading on…

Bitcoin Price Has Died 472 Times: Can BTC Finally Flip The Script?

The Bitcoin price has been declared dead more times than most assets have had good days, 472 times since 2011, to be precise. Yet here it trades, around $73,300, down around -3% in the last 24 hours, still very much alive and grinding through what looks like a calculated consolidation phase. Data tracked by CryptoRank confirms that those 472 “Bitcoin is dead” declarations have spanned multiple market cycles, moments of genuine panic, regulatory threats, and macro-driven selloffs. Each time, the narrative collapsed under the weight of Bitcoin’s own price recovery. Bitcoin…

CME ends Bitcoin weekend gap era with 24/7 futures trading

boss

CME Group is moving its cryptocurrency futures and options into around-the-clock trading, ending one of Bitcoin’s most watched weekend market patterns. Summary CME Bitcoin futures and options will trade around the clock from May 29 on Globex. The change ends the weekend closure that created Bitcoin’s widely watched CME gap. Three older Bitcoin CME gaps remain open near $80,000, $78,500 and below $70,000. The change starts on May 29 and brings CME’s regulated crypto derivatives closer to the nonstop structure of spot crypto markets. CME moves Bitcoin futures into nonstop…

Strive Buys 1,109 Bitcoin as Treasury Rises to 16,500 BTC

boss

Key Takeaways Strive bought 1,109 BTC, lifting holdings to 16,500 bitcoin and 7th among publicly listed companies holding BTC. ASST shares surged 133% in 3 months as Strive expanded its bitcoin treasury model. Strive plans new capital tools and a 13.88% SATA yield product starting June 16. ASST Climbs 133% as Strive Expands Bitcoin Treasury With $85M Addition Strive has added over 1,000 bitcoin to its balance sheet, extending a treasury strategy that has helped fuel a sharp rally in its shares. The company, which trades under the ticker ASST,…