Tag: Bitcoin

Traders Push Bitcoin Back Above $73,000 After $352M Liquidation Sweep

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Key Takeaways: Bitcoin fell to a session low of $72,642 on Thursday morning, threatening to close May with a monthly loss. Volatile price swings triggered $921 million in total digital asset market liquidations, hammering longs. Wall Street’s muted reaction to subsequent U.S.-Iran peace updates suggests growing investor ambivalence. [/key_takeaways Bitcoin Flirts with Monthly Loss as Key Support Tested Bitcoin edged closer Thursday morning to capping the month of May with overall losses after tumbling to a session low of $72,642. The slide occurred less than 12 hours after the cryptocurrency…

Anonymous Plaintiff Claims $293B Bitcoin Haul, Targets Satoshi’s Dormant Wallets in NY Court Case

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Key Takeaways Timechainindex.com founder Sani first flagged Noah Doe’s NY lawsuit targeting 39,069 wallets worth $293B in BTC. Galaxy Research’s Alex Thorn finds the $10-per-address valuation off by 9 orders of magnitude, weakening the legal claim. A New York default judgment could surface by late June 2026, though courts are unlikely to rubber-stamp the full request. Galaxy Research’s Alex Thorn Tears Apart $10 Bitcoin Valuation in $293B NY Lawsuit Galaxy Research analyst Alex Thorn confirmed Sani’s initial post and added that his firm has tracked the matter since the fall,…

Sequans ends Bitcoin treasury bet

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Chipmaker Sequans has ended its Bitcoin treasury strategy, selling most of its holdings to clear debt. Summary Sequans redeemed all its July 2025 convertible debt by selling part of its Bitcoin holdings. The chipmaker kept about 658 BTC and plans to sell the rest over time. CEO Georges Karam says the firm is now fully focused on IoT semiconductors. French chipmaker Sequans has ended its Bitcoin treasury strategy after less than a year. The company sold part of its holdings to redeem convertible debt and refocus on its core chip…

French Company Abandons Crypto Treasury Strategy, Will Liquidate Bitcoin Holdings

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The France-based semiconductor company that announced a move into crypto is “no longer pursuing” a treasury strategy after less than a year. In a Thursday notice, Sequans Communications said it held 658 Bitcoin (BTC) worth about $48 million at the time of publication, which it said was “fully unencumbered” and unrestricted as it looks to refocus solely on Internet of Things (IoT) semiconductor growth. The company’s NYSE-traded shares, which have shed more than 75% since last June, were up more than 14.5% in morning trading following the announcement. According to…

The Next Phase of Ethereum: Prediction from Tom Lee | Ethereum Price 2026

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔥My FREE Daily On-Chain Analysis & Crypto News In 5-Mins: 👉🏻 🔥🌳 You can NOW Become a member of our channel to support us! 🌳👑 👉🏻 As gold loses momentum in 2026, Bitcoin can rally up to two hundred fifty thousand dollars, and Ethereum can follow up to twenty-two thousand dollars. That’s the latest message from Tom Lee, co-founder and Head of Research at Fundstrat Global Advisors, one of the most closely followed macro strategists in crypto. After a brutal year where…

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

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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!

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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

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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

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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

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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…