Tag: Bitcoin

Bitcoin drops out of global top 10 as Magnificent Seven surge

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Bitcoin has slipped out of the world’s top 10 assets by market capitalization, with its value down to about $1.09 trillion as U.S. tech giants in the “Magnificent Seven” power higher. Summary CoinDesk says bitcoin’s market cap has fallen to $1.09 trillion, knocking it out of the global top‑10 asset ranking. Gold, silver and every member of the Magnificent Seven now sit ahead of bitcoin on the league table of global assets. The drop follows a period when bitcoin had previously ranked as high as the fifth‑largest asset worldwide at…

Bitcoin Dip Marks Distribution But BTC May Avoid New Bottom

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Bitcoin’s drop below $73,000 on Wednesday marks a short-term turning point for the market, as multiple BTC distribution signals point toward rising sell-side pressure.  While the increasing chance of a correction into the $60,000 to $70,000 range remains in play, long-term holder data points to improving investor sentiment, suggesting that traders view the current price as a buying opportunity. Coinbase discount confirms market stress Crypto analyst CryptoOnChain noted that Bitcoin’s drop to $72,500 followed a period of weakening spot demand and unsustainable long positioning in derivatives markets. The Coinbase premium…

Sequans Ends Bitcoin Treasury Experiment, Redirects Focus to 5G Growth

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Key Takeaways Sequans Communications completes full redemption of its July 2025 convertible debt, funded by selling Bitcoin down to 658 BTC. The move drops Sequans’ debt-to-NAV ratio to near zero, pivoting the IoT chipmaker away from its DAT strategy entirely. CEO Georges Karam signals Sequans will monetize remaining 658 BTC over time while targeting 5G eRedCap growth. Sequans Cuts Bitcoin Holdings to 658 BTC and Exits Digital Asset Treasury Strategy The company confirmed the transaction Thursday. Sequans had already drawn criticism in November 2025 when it first sold 970 BTC…

Blackrock Leads $733M Bitcoin ETF Selloff as HYPE Funds Keep Drawing Inflows

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Key Takeaways Bitcoin ETFs lost $733.43M, with Blackrock IBIT shedding $527.84M on May 27. Ether ETFs saw an outflow of $67.15M led by Blackrock ETHA, extending a 12-day outflow streak. HYPE and solana ETFs gained $3.40M and $557K as altcoin demand stayed selective. Bitcoin ETFs Extend Losing Streak to Eight Days as Blackrock Loses $528M The selling pressure in crypto ETFs is no longer a passing phase. It is starting to look like a steady withdrawal of risk. Bitcoin ETFs suffered the sharpest blow of the day, posting $733.43 million…

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…