Bitcoin | Crypto

South Korean crypto exchange Bithumb files for a court-approved asset freeze to reclaim 7 BTC remaining from a February payout error. South Korean crypto exchange Bithumb has begun legal proceedings to recover 7 Bitcoin still missing from a payout error that saw 620,000 BTC mistakenly distributed during a promotional event in February. The exchange has filed for a provisional attachment, a court-approved measure that freezes assets ahead of a civil lawsuit, targeting users who have yet to return the funds, according to a Thursday report by local outlet Chosun Biz. On Feb. 6, the exchange wanted to distribute a total of 620,000 won ($420) to 249 event winners. Instead, due to an input error, the system sent out 620,000 Bitcoin (BTC), briefly valuing the mistaken transfer at roughly 62 trillion Korean won ($42 billion). Although the exchange reversed the transactions within minutes, a portion of the funds had already been moved. Read more

Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data show BTC bears have not closed most of their positions yet. Key takeaways: The US and Iran ceasefire boosted stock markets and Bitcoin, but BTC derivatives suggest limited bullish momentum. Legislative setbacks and a "fragile truce" between the US and Iran keep bears active with a potential $68,000 correction on the cards. Read more

A two-week conditional ceasefire between the U.S. and Iran has forced a rapid rewrite of the Strait of Hormuz trade, but it has not fully restored the pre-war macro backdrop. Oil has fallen sharply from the panic highs, global equities have rallied, and Bitcoin has rebounded with them. That is a clear break from the […] The post Bitcoin’s rebound may be fragile as Wall Street warns Hormuz disruption is not really over appeared first on CryptoSlate.

Bitcoin faces a future quantum threat, but Bernstein analysts say risks are concentrated in older wallets and exposed keys, and unlikely to cause existential disruption. Advances in quantum computing could eventually pose a threat to Bitcoin’s cryptographic security, but the risk remains manageable and unlikely to cause existential disruption, according to a new research report by Bernstein. In the report, the Bernstein team — Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra — described quantum computing as a “manageable upgrade cycle” rather than an “existential risk.” Recent breakthroughs, including research from Google showing a significant reduction in the resources required to break modern encryption, have accelerated the timeline for potential threats. However, building quantum computers powerful enough to compromise Bitcoin (BTC) remains years away due to major technical hurdles and high costs. Read more

Polymarket put the odds of President Donald Trump being impeached before his term ends at 64% on Apr. 7, near the contract's high-water mark since its Mar. 19 launch. A comparable Kalshi contract, which resolves against Library of Congress records and runs through Jan. 1, 2028, was priced around 67% in the same window. Driving […] The post Bitcoin rebounds as oil cools but Trump impeachment odds show markets still on edge appeared first on CryptoSlate.

Bitcoin gained momentum as data showed buyers are starting to dominate volumes on Binance, with a $90,000 BTC price target on their radar. Market analysts say Bitcoin’s (BTC) is building up after its 7% rally above $72,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving macro sentiment.  Key takeaways: BTC price builds a bullish structure after reclaiming $72,000, as a symmetrical triangle breakout targets $90,000. Read more

Bitcoin buy-side activity in the spot and futures markets supports the current rally toward $72,000, while short-term holders eased up on selling, increasing the chances of bulls taking control of BTC's price direction. Bitcoin (BTC) rallied above $72,000 on Tuesday as BTC order book and derivatives data showed buyers returning to the market. Bitcoin’s recent trading history suggests that holding the $70,000 level is the first task bulls need to master, but previous BTC price rallies were capped by short-term traders selling into the bullish momentum. Will this time be different? Bitcoin held above $71,300 on Wednesday as the spot market demand strengthened over the past few days. The order flow across major exchanges shows a clear shift toward investor accumulation. Read more

Iran’s reported Bitcoin tolls at Hormuz point to a new use case for crypto, sanctions-resistant trade infrastructure Iran is reportedly planning to charge oil tankers a Bitcoin-denominated toll for passage through the Strait of Hormuz. The move would be significant as it extends beyond price action, ideology, or adoption rhetoric. The development places Bitcoin inside […] The post Iran wants Bitcoin as payment to guarantee ships safe passage through the Strait of Hormuz – FT appeared first on CryptoSlate.

Bitcoin bulls failed to stay above $72,000 for long as BTC price action already began to discount the impact of a US-Iran ceasefire agreement. Bitcoin (BTC) hit new three-week highs into Wednesday’s Wall Street open as stocks surged on a US-Iran ceasefire. Key points: Bitcoin briefly hits new three-week highs before round-tripping its gains. Read more

The broker said advances in quantum computing are accelerating the timeline for crypto risk, but argued Bitcoin faces a multi-year upgrade cycle, not an existential crisis.

Bitcoin miner Cango said it sold 2,000 BTC to pay off debt and cut its BTC production cost by 19% as part of its strategic pivot to energy and AI infrastructure. Bitcoin mining company Cango said on Wednesday it slashed its Bitcoin production cost to $68,215 per coin, a 19.3% cost reduction compared to the average cash cost of $84,552 per coin reported in the fourth quarter of 2025.  The company attributed the reduction to its shift toward a “lean-production model” that prioritizes margin resilience over raw scale, according to its monthly operational report. Cango said the production cost reduction will help the company weather the volatility of Bitcoin prices. The company sold 2,000 Bitcoin (BTC) in March at an average price between $68,000 and $69,000, a spokesperson for Cango told Cointelegraph, netting the company around $137 million. Cango said the proceeds were used to reduce outstanding Bitcoin-backed loans. As of March 31, Cango had $30.6 million in Bitcoin-backed loans outstanding and held 1,025.69 ...

Bitcoin climbed back above $70,000 on Wednesday after news that the United States and Iran had agreed to a Pakistan-brokered two-week ceasefire tied to reopening the Strait of Hormuz. According to CryptoSlate's data, the top crypto rose 5% to a peak of $72,734 before retracing to $71,477 as of press time. Data from CryptoQuant showed […] The post Traders poured $3 billion into Binance after Bitcoin hit $72,734 on ceasefire headlines – what are they betting on? appeared first on CryptoSlate.

A New York Times investigation points to Adam Back as Satoshi Nakamoto, but the Blockstream CEO denies it, and critics say proof is still missing. The New York Times published an investigation on Wednesday arguing that Adam Back, the British cryptographer who invented Hashcash, is the most likely person behind the Satoshi Nakamoto pseudonym used by Bitcoin’s creator. Back denied the claim, telling Cointelegraph he was referring reporters to his post on X after previously rejecting similar attempts to identify him as Satoshi. Back reiterated in the post that he is not Satoshi, adding that he “was early in laser focus on the positive societal implications of cryptography, online privacy and electronic cash, hence my ~1992 onwards active interest in applied research on ecash, privacy tech on cypherpunks list which led to hashcash and other ideas.” The investigation was conducted by John Carreyrou, a French-American investigative journalist best known for exposing the Theranos fraud. In the report, he claims that...

Bitcoin rose toward $72,000 after US President Donald Trump confirmed a ceasefire agreement with Iran, sending oil prices crashing below $100. Bitcoin (BTC) surged to $72,700 during Tuesday’s New York trading session as oil fell below $100 per barrel after US President Donald Trump confirmed a two-week ceasefire with Iran.  Key takeaways: Bitcoin bounced 7% to $72,700 on Tuesday after the US and Iran agreed to a two-week ceasefire. Read more

The Cardano community has officially approved the first tranche of the Orion Fund, a venture-style initiative designed to bridge Bitcoin liquidity into its decentralized finance (DeFi) ecosystem. The governance vote unlocks 50 million ADA from the network's treasury, marking a pivotal shift in how Cardano funds its long-term economic expansion. The approval, which cleared required […] The post Cardano targets Bitcoin liquidity with $80 million fund to meet $3 billion DeFi goal by 2030 appeared first on CryptoSlate.

The Morgan Stanley Bitcoin Trust will be the cheapest Bitcoin ETF on the market at an ultra-low 0.14% fee. Morgan Stanley’s Bitcoin exchange-traded fund is set to debut on the NYSE Arca stock exchange on Wednesday, making it the first major commercial bank to offer a Bitcoin ETF in the US. The launch of the Morgan Stanley Bitcoin Trust (MSBT) on April 8 was confirmed in a listing notice by the New York Stock Exchange on Tuesday. It would make MSBT the first spot Bitcoin (BTC) ETF product to enter the market in nearly two years, since crypto asset manager Grayscale introduced its Bitcoin Mini Trust ETF in July 2024.  Read more

Iran's Supreme National Security Council on Wednesday accepted a two-week ceasefire in its war against the US, but emphasized this did not mean an end to the war. The price of Bitcoin pushed past $72,000 for the first time in 20 days after the US and Iran agreed to a two-week ceasefire. “I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump said in a Truth Social post on Tuesday, hours before his deadline for Iran to reopen the Strait of Hormuz or face military attacks on key infrastructure.  Iran's Supreme National Security Council also said it accepted the ceasefire. Read more

The 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict. Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down global hashrate, according to a new report from Hashrate Index. Iran has lost roughly 7 exahashes per second (EH/s) quarter-over-quarter, said Ian Philpot, marketing director at Luxor Technology, in a report published Monday. The country’s hashrate now sits at about 2 EH/s according to the Hashrate Index heatmap. Philpot noted that while the regional conflict clearly impacted Iran, it could have triggered a ripple effect for neighboring countries such as the United Arab Emirates and Oman, yet so far, neither has been affected.   Read more

The Bitcoin supply held in long-term investor wallets moved above 4 million BTC, while a network activity index flashed a “bull phase” signal. New data suggests that Bitcoin (BTC) could be moving closer to a bull market phase as its supply slowly shifts back into long-term, retail-investor-linked wallets. The figure surpassed 4 million BTC in Q1 2026. The accumulation trend aligns with a rise in Bitcoin network activity index to levels last seen in April 2025, signaling a return of stronger network activity. CryptoQuant data shows that balances held by accumulating address cohorts continued to rise into Q1 2026. The total BTC held by these cohorts has crossed 4.37 million BTC as of April 7, up from about 2 million BTC in early 2024, signaling sustained supply absorption. Read more

Morgan Stanley is joining the Bitcoin ETF party late, but Bloomberg's Eric Balchunas says the investment bank isn't showing up empty-handed.