Tag: Million

Bitcoin Surges Past $73,000: Records $586 Million In Weekly ETF Inflows

Bitcoin (BTC) surged past $73,000 in early Monday trading, diverging sharply from traditional safe-haven assets even as geopolitical tensions in the Middle East sent oil prices above $106 per barrel. The primary driver of this divergence appears to be sustained institutional adoption through spot investment vehicles. US spot Bitcoin ETFs recorded approximately $586 million in weekly inflows leading up to this geopolitical escalation. These flows create a persistent demand shock that absorbs sell-side pressure, in contrast to the liquidity drains seen in gold and equity markets. Data suggests that BTC…

Venus Protocol Hit by Code Exploit, Causing Over $3.7 Million In Losses

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Venus Protocol, a decentralized lending and borrowing platform, said on Sunday it had detected suspicious trading activity in the liquidity pool for the Thena (THE) token, the native cryptocurrency of the Thena decentralized finance platform. The unusual trading activity only affected pools for the Cake (CAKE) token, the native cryptocurrency of the PancakeSwap decentralized exchange, and the Thena token, according to an announcement from Venus Protocol. The Venus team said: “As we continue to investigate the unusual activity in the THE pool, we are taking precautionary action by pausing all…

Bitcoin Supply Hits 20 Million Coin Mark, Mastercard Launches Massive Crypto Partner Program, and More – Week In Review

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This week’s developments highlight the growing intersection of macro markets, regulation, and institutional crypto adoption. U.S. Treasury yields remain elevated amid oil tensions and political uncertainty around the Federal Reserve. Regulators took a major step toward unified oversight as the SEC and CFTC agreed to coordinate on digital asset rules. Bitcoin also reached a historic […] Original

Crypto ETFs Extend Inflow Streaks as Bitcoin Adds $115 Million and Ether Adds $57 Million

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Bitcoin ETFs extended their inflow streak to a third straight day with $115 million in new capital. Ether ETFs also rebounded strongly, while solana posted modest gains and XRP ETFs saw no trading activity. Bitcoin, Ether ETFs Stay Green While XRP Trading Stalls Institutional investors continued to lean into crypto exchange-traded funds (ETFs) midweek, though […] Original

Bitcoin Down 44% From Its Peak, But Bitwise Still Sees A Path To $1 Million

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Central banks aren’t buying it. Billionaire investor Ray Dalio doesn’t trust it as a safe haven. And Bitcoin is trading 44% below its October peak while gold sits near all-time highs. Related Reading That’s the backdrop against which Bitwise Asset Management’s chief investment officer is making the case that Bitcoin could still reach $1 million a coin within a decade. A Different Way To Run The Numbers Most people who shoot down the $1 million forecast do so by pointing out what it would take for Bitcoin to swallow up…

All 21 million Bitcoin is at risk from quantum computers

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It’s widely believed that only about 25% to 30% of Bitcoin is at risk of being attacked in the future by quantum computers.  For example, Project 11’s Bitcoin Risq List currently lists 6,887,180 Bitcoin worth more than $450 billion as “at risk.” It defines “at risk” as Bitcoin held in addresses with exposed public keys. Around 3-4 million of this is believed “lost” and can’t be upgraded to quantum secure.  But that’s not the whole story.  In fact, all 21 million Bitcoin —barring lost coins in quantum secure addresses— can…

The 20 Million Milestone: Bitcoin Mining Is, and Always Will Be, an Energy Business

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Artificial intelligence is having its electricity moment. Across global markets, utilities are scrambling to connect massive new data centers. Tech giants are locking in gigawatts of power. Transmission queues to connect the new generation to the grid are backlogged. Electrical substations are suddenly strategic assets. The AI boom has made one thing clear: computation is […] Original

Bitcoin to $1 million? Bitwise CIO says it could happen under these conditions

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Bitcoin could reach $1 million per coin if it captures a meaningful share of the global store-of-value market, according to a new memo from Matt Hougan, chief investment officer at Bitwise Asset Management. Summary Bitwise CIO Matt Hougan says Bitcoin could reach $1 million if it captures about 17% of the global store-of-value market. The analysis frames Bitcoin as a competitor to gold, which currently dominates the store-of-value sector. Increasing adoption through spot Bitcoin ETFs and institutional investment could help drive Bitcoin’s market share higher. Bitcoin’s path to $1M runs…