Bitcoin | Crypto

Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer the clearest look yet at whether […] The post Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing appeared first on CryptoSlate.

Texas broke its all-time electricity demand record twice in two days last week. ERCOT served a preliminary 91,308 megawatts around 5 p.m. on July 22, one day after demand hit 87,403 megawatts and erased the 85,508-megawatt mark that had stood since Aug. 10, 2023. Neither afternoon saw an appeal for energy conservation, and the system […] The post Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake appeared first on CryptoSlate.

Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359.5 million net loss under US accounting rules, the company's third consecutive losing quarter. Both numbers describe the same three months. Taken together, they get closer to the truth about […] The post Coinbase spent 5 years building a life raft away from Bitcoin and still managed to lose $359M appeared first on CryptoSlate.

The 0.20% sponsor fee applies after July 31, putting HODL level with BITB but one basis point above EZBC. The post The free ride for VanEck’s Bitcoin ETF is officially over after falling $1.4 billion short of growth target appeared first on CryptoSlate.

Bitcoin saw fresh downside pressure as US stocks tracked sideways into the end of the month, diverging from the relief bounce seen in Asia. Bitcoin (BTC) fell to its lowest levels in over two weeks on Friday as US stocks saw pressure into the monthly close. Key points: Data from TradingView showed BTC/USD falling 3.5% to reach $62,369 on Bitstamp, a level last seen on July 14. Read more

Michael Saylor’s Strategy (formerly MicroStrategy) is targeting a September recovery for its STRC preferred stock as the company seeks to revive the financing channel behind its goal of doubling Bitcoin per MSTR share within seven years. The plan follows a second quarter that demonstrated Strategy’s growing exposure to Bitcoin’s price swings. The company reported an […] The post After $8.2B loss forced Bitcoin sales, Michael Saylor gives Strategy to September to repair broken dividend engine appeared first on CryptoSlate.

Japan's BoJ held rates at 1% after yen intervention briefly crashed USD/JPY — here's what a carry trade unwind means for Bitcoin and crypto markets. The post BoJ Holds at 1% as Yen Intervention Fades: Bitcoin’s Carry Trade Risk Grows appeared first on Cryptonews.

Bitcoin’s daily price swings have tightened to their narrowest since January, making clean trades harder to find. Here's what could happen next.

RWA perpetual futures reached 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance as tokenized equities led trading. Perpetual futures tied to tokenized stocks and commodities generated nearly as much trading volume as Bitcoin perpetuals on two of the largest venues for the products over the past week, according to Talos. Combined seven-day volume across tracked real-world asset (RWA) perps reached $61.7 billion, equal to 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance, where most trading activity is concentrated, Talos told Cointelegraph in an email summary citing a data snapshot taken on Thursday. Tokenized equity contracts accounted for 57.8% of the total, followed by commodities at 28.2%. Read more

The 45-day standby facility ended on its preset Oct. 9 date without settled shares, cash or a Bitcoin purchase. The post How a PPE company’s highly publicized $32M Bitcoin strategy quietly expired without purchasing a single coin appeared first on CryptoSlate.

Samsung and SK Hynix both jumped more than 23%. Bitcoin moved a fraction of a percent in the past 24 hours, and most majors are still lower on the week.

Coinkite urged Coldcard Mk3 users to migrate funds after identifying a potential seed-generation risk, as Bitcoin security experts separately examine an unexplained $38 million wallet drain. Canadian Bitcoin hardware maker Coinkite has warned users of its Coldcard Mk3 signing device to move funds from wallets whose seed phrases were generated on affected firmware.  On Thursday, Coinkite said seeds created on an Mk3 running firmware version 4.0.1, released in March 2021, or any later Mk3 version may put funds at risk. The issue extends through version 5.0.3, the final firmware supporting the Mk3, while the Mk4, Q and Mk5 are not affected, according to the company’s early analysis. The warning comes as Bitcoin security specialists examine an unexplained, coordinated sweep involving 594.48 BTC from single-signature addresses. However, no definitive public evidence has established that the Mk3 issue caused those transfers. Read more

3iQ will manage an undisclosed portion of Gelephu Mindfulness City’s Bitcoin treasury as Bhutan develops a digital-asset investment hub. Bhutan’s Gelephu Mindfulness City (GMC) has appointed Canadian digital-asset manager 3iQ to manage a mandate backed by part of its Bitcoin treasury as the special administrative region develops a digital-asset investment hub. Under the partnership, 3iQ will manage an undisclosed portion of the Bitcoin allocated to support Gelephu’s development. The company will also establish a long-term presence in the city, invest in local talent and provide training and knowledge transfer.  In December 2025, Bhutan announced that up to 10,000 Bitcoin from the country’s national holdings would be allocated to support the GMC.  Read more

The Bitcoin treasury company said it has built a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization program. Strategy reported an $8.22 billion second-quarter net loss, driven primarily by an $8.32 billion unrealized loss on its Bitcoin holdings as the cryptocurrency’s price declined during the quarter. As of July 26, Strategy held 843,775 Bitcoin (BTC), up 25% from the beginning of the year. The company also disclosed that it had sold approximately $218.4 million worth of Bitcoin under its newly established BTC monetization program to help fund a portion of its preferred stock dividend obligations. Most of those sales ($216 million) occurred in early July after the second quarter ended. Strategy also said it has built a $3.75 billion U.S. dollar reserve, enough to cover more than two years of preferred dividend payments and interest obligations. The company recently repurchased $25 million of its STRC preferred shares at a discount to par and said it in...

Bitcoin briefly topped $65,000 on Thursday after US economic growth fell short of forecasts. Data from CryptoSlate show the largest cryptocurrency trading near $64,729 as of press time after reaching an intraday high of $65,071 and recovering from a low of $63,205. The advance followed data showing the US economy expanded at a 1.5% annualized […] The post Bitcoin struggles to turn US GDP miss into bullish catalyst as strong spending backs Fed caution appeared first on CryptoSlate.

Bitcoin has posted an August loss every year since 2022, giving traders another seasonal risk to consider.

Shareholders approved liquidation and delisting, but the record time fixes participation, not payment or court approval. The post A 90% shareholder rebellion just forced this public company to dump its entire Bitcoin treasury at a crushing £39,984 per-coin loss appeared first on CryptoSlate.

Bitcoin and US stocks enjoyed a relief bounce as the South Korea semiconductor rout eased and US PCE inflation data conforms to year-on-year expectations. Bitcoin (BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief. Key points: Data from TradingView showed BTC price action focusing on $64,500, broadly unchanged from the day prior.  Read more

The tracker refreshed a roughly $1.9 billion valuation even though filings still describe the stack as closing-dependent. The post How a $1.9 billion ‘Bitcoin reserve’ ended up in the top corporate rankings without buying a single coin appeared first on CryptoSlate.

US spot Bitcoin ETFs took in roughly $999 million over seven straight days of inflows from July 14 to July 22, according to data from Farside Investors. Four straight outflow days followed, pulling about $526 million back out through July 28. Across the broader window from May 29 to July 28, daily totals imply roughly […] The post Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall appeared first on CryptoSlate.