Tag: Bitcoin

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…

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

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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

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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

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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

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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,…

Bitcoin News Today: BTC Price Crashes Below $73,000 as US-Iran Strikes Expose High-Beta Risk Profile

Bitcoin price fell to $72,978 in Asian hours today, down 3.4% over 24 hours as news on the US-Iran strike rattled the market. The U.S. Central Command strike on an Iranian military site near the Strait of Hormuz has simultaneously triggered risk-off selling across equities, a bid into energy markets, and one of the largest single-session deleveraging events in crypto this year. The analytical question is no longer whether Bitcoin fell on geopolitical news; it is whether the safe-haven narrative can survive an episode in which gold and Bitcoin moved…

US-Iran Escalation Pushes Bitcoin to $72,622 as $870M Long Bets Collapse

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Key Takeaways U.S. strikes in Iran and IRGC retaliation in Kuwait threatened Qatar peace talks on Thursday. Bitcoin fell 3.6% to $72,622, wiping out $870 million in total long positions over 24 hours. The escalation will likely torpedo future diplomacy and embolden anti-settlement hardliners. Geopolitical Escalation Triggers Crypto Sell-off Bitcoin plunged below $73,000 early Thursday following reports of fresh U.S. military strikes inside Iran. Market data shows bitcoin tumbled to a multi-week low of $72,622—its lowest level since April 13—before staging a modest recovery back to $73,000. This downturn continues…

Will Bitcoin fall to $70K as over $6.2B options expiry and ETF outflows hit markets?

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Bitcoin price has fallen toward the $73,000 region after a wave of ETF outflows, derivatives pressure, and long liquidations triggered fresh panic across the crypto market. Summary Bitcoin price fell toward the $73,000 region as over $6.25 billion in BTC options headed toward expiry alongside nearly $733 million in spot ETF outflows. BlackRock’s IBIT recorded roughly $527.8 million in outflows, while CoinGlass data showed nearly $330 million in Bitcoin long liquidations within 24 hours. Analysts warned that failure to hold the $73,000-$71,000 support range could expose Bitcoin to a deeper…