Bitcoin | Crypto

The defendants allegedly traveled from Missouri to Connecticut to kidnap a Bitcoin holder and force him to transfer cryptocurrency before abandoning the plan. Three Missouri men were charged over an alleged August 2024 plot to kidnap a Bitcoin holder and steal his holdings. Sedric Louis, John Davis and Martel Williams were allegedly hired to kidnap and force a Bitcoin holder to transfer cryptocurrency to accounts controlled by organizers, according to a Tuesday press release by the US Attorney’s Office. They traveled from St. Louis to Connecticut, where they rented vehicles and obtained air rifles to stake out the victim. After staking out the intended target for two days, they abandoned the plan for fear of being caught on home security cameras. Shortly afterward, another crew from Florida arrived to carry out the plan. Read more

Hayes likened the debt-fueled AI infrastructure boom to the 2008 credit bubble, but evidence suggests financial strain is uneven across Big Tech. BitMEX co-founder Arthur Hayes said the debt-fueled artificial intelligence infrastructure boom could end in a 2008-style credit crisis and predicted the resulting government liquidity response could drive Bitcoin (BTC) to $1 million or higher.  In a Tuesday blog post, Hayes said investors have mistakenly treated spending on data centers and power infrastructure as high-growth technology investment rather than leveraged real estate. He said he expects lenders to finance excessive construction before a slowdown in AI capital expenditure exposes weaker borrowers.  The thesis connects the trillion-dollar expansion of AI infrastructure to a potential new source of crypto-market liquidity. However, Hayes’ predicted crisis, government bailout and subsequent BTC rally remain speculative.  Read more

The exchange would cut note principal by about one-third while replacement Bitcoin option terms also remain undisclosed. The post GameStop plans $1.4 billion stock swap as Bitcoin collateral risk emerges appeared first on CryptoSlate.

The $14.7 million Bitcoin ETF will liquidate from Aug. 18, while Hashdex's filings split on the payout date. The post Hashdex is shutting down its Bitcoin ETF, leaving investors with just days to sell before a blind, unpredictable cash out appeared first on CryptoSlate.

The Aug. 5 bill-coupon mix will show whether financing pressure reaches Bitcoin-sensitive risk appetite or leaves reserves stable. The post Tomorrow sees a massive liquidity trap for Bitcoin as the US Treasury is quietly draining $77 billion from bank reserves appeared first on CryptoSlate.

Offline keys still depend on entropy, firmware, signing and recovery, all built from fallible software and hardware. The post Why AI is now a more immediate threat to Bitcoin than quantum computers appeared first on CryptoSlate.

Bitcoin built on $64,000 as hopes of the Strait of Hormuz reopening to oil traffic sent the S&P 500 index to a record $70 trillion market cap. Bitcoin saw new August highs into Tuesday’s Wall Street open as markets bet on US-Iran tensions again easing. Key points: Data from TradingView showed BTC/USD climbing to $64,176 on Bitstamp, marking maximum daily gains of around 1%. Read more

Commission review puts QBTC’s conditional approval at risk while an Aug. 24 statement deadline opens the next round. The post CME freezes Nasdaq’s major Bitcoin launch, warning a legal loophole could upend the entire commodities market appeared first on CryptoSlate.

Transform Ventures founder Michael Terpin says Bitcoin could have another 30% downside from its current price before he is confident the market has reached a bottom. Bitcoin may have already erased half of its market cap, but veteran crypto investor Michael Terpin says the asset still has further to fall before hitting rock bottom. “We still have more pain to go,” Terpin tells Cointelegraph on the Trade Secrets show. Terpin believes that Bitcoin will ultimately fall “66%” from its October 2025 all-time high of $126,100. “I think that brings us down into the 40s, and I think that’s about where we’re gonna go,” Terpin says.  To be precise, a 66% drop from the ATH would see Bitcoin changing hands for $43,500, a price the asset has not seen since early February 2024. The 68-year-old investor, often referred to as the “Godfather of Crypto,” has seen Bitcoin plunge enough times to know what a true bottom feels like.  Read more

The Q2 filing leaves 4,912 BTC outside the disclosed Bitmain pledge and shows no automatic Bitcoin-price trigger. The post Eric Trump’s American Bitcoin has pledged nearly 40% of its Bitcoin to buy mining equipment appeared first on CryptoSlate.

Google Gemini AI predicts a structural rally for Bitcoin, and this price prediction frames the setup as a perfect storm rather than a single catalyst. Trading at $63,500, Bitcoin is positioned for a move toward $95,000 to $115,000 by year end 2026.The bull case stacks five forces together. The delayed supply squeeze from the 2024 […] The post Google Gemini AI Predicts the Price of Bitcoin by The End of 2026 appeared first on Cryptonews.

Bitcoin advanced as the market settled down following the weekend’s hack of Coldcard wallets and sales by Strategy even as sentiment remained in “extreme fear.”

The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme. Former hedge fund manager and CNBC “Mad Money” host Jim Cramer said he plans to sell all his Bitcoin due to quantum computing fears.  “I’m going to sell mine [Bitcoin],” said Cramer during a Friday episode, citing quantum computing concerns that IBM chairman and CEO Arvind Krishna had raised on his show the previous day.  During Thursday’s episode, Krishna told Cramer that he should get “paranoid” about quantum computing’s threat to cryptocurrencies in the next three to four years. Read more

The first US-Japan joint yen intervention in 28 years came amid record bond yields and worries about the yen carry trade. Joint currency interventions in the yen by Japan and the US could ultimately benefit Bitcoin and risk assets.  Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further. Last week, the US and Japan conducted a rare joint intervention to prop up the yen, which had slid to 40-year lows of 164 per dollar — the first of its kind since 1998. The New York Federal Reserve Bank sold euros, rather than dollars, on behalf of the US Treasury. The sales involved the Exchange Stabilization Fund, or ESF, a stockpile of foreign exchange reserves. Read more

Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June's 53.3 to its highest reading since May 2022. New orders […] The post Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000 appeared first on CryptoSlate.

Strategy's latest Bitcoin sale lifted its 2026 disposals to 5,258 BTC, the largest amount it has sold in any year since adopting the asset in 2020, as the company redirects capital toward supporting its preferred securities. The company sold 1,638 BTC for $104.7 million between July 27 and Aug. 2 and issued about 3.01 million […] The post Strategy sells $395 million in Bitcoin and MSTR stock to buyback $81 million in STRC and build cash reserve to $4 billion appeared first on CryptoSlate.

Full use at the assumed price would add one new basic share for roughly every two now outstanding. The post Facing a severe cash crunch, Bitcoin miner Sphere 3D quietly prepares to dilute its shareholders by a staggering 50% appeared first on CryptoSlate.

A 500,000-share-equivalent held put appeared in Q2, but the filing cannot reveal the bank’s net options exposure or motive. The post Italy’s biggest bank just slashed its Bitcoin ETF call position by 99% to triple down on staked Ethereum appeared first on CryptoSlate.

Two reported movements nearly match the Bitcoin not identified as note collateral at March 31, but the comparison cannot confirm a sale or liquid balance. The post Where did Trump Media’s 5,278 BTC go? Trackers spot $165 million Bitcoin transfer leaving just 3.43 BTC appeared first on CryptoSlate.

The spot price Bitcoin exchange-traded fund, which was never able to attract more than $18 million in net assets, will pay out investors and sell its 225 BTC in the coming weeks. Hashdex said it will liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the cash to all remaining shareholders and selling the fund’s roughly 225 BTC holdings. In a filing on Monday, the fund issuer said the decision was made after evaluating factors including trading liquidity, operating costs and investor interest. The 200,000 shares, which have traded on NYSE ARCA under the DEFI ticker since March 2024, have net assets of $14.25 million, according to the fund’s website. Late to the game, which saw the first of 10 other competing BTC ETFs debut months ahead of it, analysts saw opportunity at a time when BTC was trading for the then-all-time high of more than $73,000. Read more