Bitcoin | Crypto

The US and Japan coordinate on the yen for the first time since 2011 as Bitcoin traders brace for a historically rough August. Bitcoin (BTC) starts the first full week of August circling $63,000 as traders weigh the impact of the ongoing Coldcard wallet hack. Read more

Michael Saylor’s Strategy sold 1,638 Bitcoin in its second-largest sale of the year to fund dividend payments and repurchase its preferred STRC stock. Strategy sold 1,638 Bitcoin from July 27 through Sunday, marking its second-largest BTC sale of the year. Strategy sold 1,638 Bitcoin at an average price of $63,957 for a total of $104.7 million, according to a Monday 8-K filing with the Securities and Exchange Commission. Of the proceeds, $52.4 million was used to fund dividend payments on Strategy’s STRC preferred stock, while another $52.3 million was used to repurchase STRC. The company now holds 842,138 Bitcoin bought at an aggregate cost of $63.5 billion. Read more

Bitcoin could confirm an August bear-market bottom, though rising Treasury yields could force the Fed to raise rates in September, according to 10x Research. Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, according to 10x Research. Markus Thielen, founder of 10x Research, said in a Monday report shared with Cointelegraph that Bitcoin closed July below the threshold needed to confirm a technical bottom. A monthly close near $63,000 would turn several of 10x Research’s cycle indicators bullish. Bitcoin was trading at $63,140 when the analysis was prepared, meaning a relatively small gain from July’s closing level could trigger the reversal signal. The company said it continued to favor long positions but would shift to a neutral stance if Bitcoin broke key support levels and moving averages. Read more

Bitcoin entered BIP-110's final ordinary 2,016-block window on July 25 with miner support at 0.89%. The proposal requires 1,109 blocks, or 55%, for ordinary lock-in, and its mandatory version-bit phase can begin in August if support stays below that threshold. Jameson Lopp has framed Consensus Cleanup, covenants, and quantum preparation as Bitcoin's next agenda. He […] The post Four unpatched bugs, a 5-year quantum clock, and a miner standoff are pushing Bitcoin to a critical crossroad appeared first on CryptoSlate.

The bridge allowed payment through Aug. 1, while the proposed Arch facility's BTC amount, LTV and liquidation terms remained undisclosed. The post Bitcoin miner gambles on a 4-day bridge loan equal to 97% of its BTC treasury value – the deadline passed without in total silence appeared first on CryptoSlate.

The persistent discount suggests US spot buyers have remained less aggressive than overseas traders even as US Bitcoin ETF inflows turned positive in July. Bitcoin fell under $63,000 on Monday as the Coinbase Premium Index, a proxy for US institutional demand for Bitcoin, reached its 77th day in the red.  Bitcoin has traded at a persistent discount on Coinbase relative to international exchanges since May 19, with the latest premium rate at -0.1369%, according to Coinglass. As of Monday, the premium has continued its longest negative streak in history.  10x Research head Markus Thielen said the negative premium indicates that US institutional investors are still liquidating Bitcoin. Read more

Galaxy research head Alex Thorn warned that unconfirmed transactions may give some Coldcard users a narrow opportunity to save their funds. Update (Aug. 3 at 4:19 am UTC): This article has been updated with the latest estimated number of affected addresses and Bitcoin from Galaxy’s Alex Thorn. Coldcard users are being warned of a new wave of coordinated thefts targeting their Bitcoin hardware wallets, coming just days after the first wave of attacks on Thursday. In an X post on Monday, Galaxy research head Alex Thorn flagged hundreds of transactions impacting 709 potential victim addresses, moving around 448.7 Bitcoin (BTC). Read more

The “sickening” loss of $90 million of Bitcoin from cold storage weighs heavily on sentiment, as the Clarity Act stalls with just five days left to hold a Senate vote. After $90 million in Bitcoin was drained from Coldcard wallet users, small hodlers desperately sought refuge on centralized exchanges and via alternative custody methods. Bitcoin transfers below 1 BTC climbed to their highest daily level since 2022 on Friday, with 39,600 BTC moved, according to data shared by CryptoQuant head of research Julio Moreno on Saturday. The figure was just 300 BTC below the 39,900 BTC transferred on Nov. 16, 2022, days after FTX filed for bankruptcy. Galaxy Research, the research arm of crypto investment company Galaxy Digital, reported Saturday that the third wave of attacks on users of the hardware wallet on the weekend brought estimated losses to 1,367 BTC ($88.6 million) across 4,585 addresses. Read more

Coldcard’s wallet crisis has shaken Bitcoin sentiment, blurred on-chain signals and exposed a recurring weakness in AI-assisted cyber defenses. On July 30, hardware maker Coinkite warned users that wallets generated with affected Coldcard firmware could be drained because a software error produced seed phrases with far less randomness than intended. This security incident, Galaxy Research […] The post Coldcard’s $89M wallet bug triggers the biggest Bitcoin movement since FTX and completely distorts market signals appeared first on CryptoSlate.

U.S. persons must block covered property and report within 10 business days, while foreign exposure hinges on conduct and nexus. The post The US just blacklisted the Iranian maritime scheme forcing commercial ships to pay Bitcoin tolls for safe passage appeared first on CryptoSlate.

The Supreme Court gave Donald Trump a pretty direct answer in February: the emergency law he had used to tax imports from nearly everywhere didn't give him the authority to impose tariffs. However, Washington didn't see that as a locked door and treated it more like a disappointing result from a key-cutting machine. The administration […] The post Trump’s legal loophole around the Supreme Court is keeping inflation alive – and trapping Bitcoin in the Fed’s crosshairs appeared first on CryptoSlate.

Ethereum outpaced Bitcoin in July as stronger investment-product demand and corporate accumulation powered its first sustained relative advance in months. Data from CryptoSlate shows that ETH gained 19% during the month, climbing as high as $1,970 before retreating to $1,868 as of press time. Bitcoin rose 8% over the same period but repeatedly failed to […] The post Ethereum just outpaced Bitcoin with $365 million in ETF inflows, but on-chain data shows the real bottom isn’t in yet appeared first on CryptoSlate.

A $20 billion AI hedge fund gained 439% through June, lost roughly two-thirds of its value in July, and sold most of a $16 billion public-stock portfolio as leverage turned against it. The collapse offers a warning for Bitcoin: when Wall Street needs cash quickly, the first asset sold may not be the one that […] The post The sudden collapse of a $20 billion AI fund reveals why Bitcoin is the first thing Wall Street sells when margin calls hit appeared first on CryptoSlate.

The July 28 futures snapshot shows a split reset, with trader motives and broader bullish confirmation still unresolved. The post Why a sudden 5,500 BTC drop in leveraged short positions failed to deliver the bullish confirmation Bitcoin traders wanted appeared first on CryptoSlate.

An investor who owns Bitcoin through a brokerage account can finish work on Friday, check the closing price of a spot ETF, and assume the position is done moving for the week. Bitcoin, however, has other plans. Between Friday’s close and Monday’s opening bell, Donald Trump can announce a tariff, a war can escalate, oil […] The post How thin weekend Bitcoin liquidity turns minor geopolitical news into massive Monday price gaps for ETF holders appeared first on CryptoSlate.

The leaders were already dominant before the cutoff, and aggregate data do not identify a destination for SBI’s lost pool hashrate. The post A major Japanese Bitcoin mining pool just pulled the plug on its Bitcoin service just as 3 mega-miners claimed 60% of the network appeared first on CryptoSlate.

Bitcoin is trading near $63,000, with rate markets assigning roughly 66% odds to a September Federal Reserve hike, under a policy framework Kevin Warsh has left partly hidden. The Fed chair has defined his reaction function around “underlying inflation,” then declined to disclose how he weighs the indicators that produce that judgment. The official dashboard […] The post If the Fed trusts this single 2.2% metric, Bitcoin could break $65.3k and ignite a path to $68k appeared first on CryptoSlate.

The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis points above the 4.260% yield awarded at June’s Treasury auction. Investors could lend money to Washington for seven years, collect regular interest, and lock in a return approaching 4.5% before […] The post Why a guaranteed 4.47% yield on $44 billion of US debt just raised the hurdle for Bitcoin appeared first on CryptoSlate.

Bitcoin enters the weekend near $62,900, less than 1% above the July 31 intraday low, and Deribit has already settled roughly $9.6 billion in monthly Bitcoin options. The venue settles monthly contracts at 08:00 UTC on the last Friday of each month, and live expiry data placed July’s Bitcoin notional near $9.7 billion. The immediate […] The post If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k appeared first on CryptoSlate.

Takata's 1.25% bid failed, while decision-day derivatives showed no active leverage break despite the measurable squeeze setup. The post Bitcoin just slept through Japan’s rate decision, but a swollen yen short is quietly threatening a massive margin call appeared first on CryptoSlate.