Recent Bitcoin holders sell $770M BTC at a loss amid $65K BTC price calls
Bitcoin (BTC) price dropped to $76,500 on Monday, erasing nearly all of this month’s gains as fresh US-Iran war tensions soured the crypto market sentiment....
Tag : Bitcoin
Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
In brief Attackers minted 1,000 eBTC on Echo Protocol’s Monad blockchain deployment before borrowing and moving funds across chains. Echo Protocol said a compromised admin...
Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’
In brief Bitcoin ETFs saw $648 million in outflows Monday, led by BlackRock’s IBIT with $448 million. Long-term Bitcoin holders have accumulated BTC for months,...
Bitcoin News: Iran Integrates Bitcoin for Shipping Insurance: Sovereign Settlement Rail
Bitcoin News: Iran has launched a Bitcoin-settled shipping insurance program called Hormuz Safe, developed under the Ministry of Economy and Financial Affairs, allowing vessel operators...
Swan Bitcoin sued for nearly $1B over pre-bankruptcy transfers from Prime Trust
The post-bankruptcy trust for Prime Trust has filed suit against Swan Bitcoin, alleging the Bitcoin services company exploited insider knowledge to pull nearly $1 billion...
Ohio Man Gets 9 Years for $10M Bitcoin Trading Ponzi Scheme
In brief Investment manager Rathnakishore Giri, 31, of Ohio, has been sentenced to nine years in federal prison for operating a $10 million cryptocurrency Ponzi...
Bitcoin Depot stock crashes 71% premarket after Chapter 11 filing
Bitcoin Depot, one of the largest Bitcoin ATM operators in the US, filed for Chapter 11 bankruptcy protection as the company moved to wind down...
Citi warns Bitcoin faces outsized quantum threat
Citi warned Monday that Bitcoin faces an outsized quantum computing threat, with up to 6.9 million BTC already vulnerable. Summary Citi’s May 18 digital asset...
Soluna revenue jumps 58% as hosting business offsets weaker Bitcoin mining
Digital infrastructure company Soluna Holdings reported strong first-quarter revenue growth as expanding data center operations helped offset weaker returns from cryptocurrency mining. Revenue rose 58%...
Bitcoin lost its hold on $80K, but three events may send it back sooner than markets expect
Key takeaways: Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations. Rising bond yields and a heavy US government debt burden...