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The FT said Situational Awareness had approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off. Situational Awareness, the hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported Thursday. The fund, which the Wall Street Journal said had around $20 billion in assets under management as of June 8, has also offered some investors the option to buy portfolio assets, according to the FT, citing people briefed on the discussions and a July 24 investor letter.  The size of the losses and amount sought were not disclosed. Aschenbrenner’s fund had gained 439% after fees through June, according to the letter, but the FT said borrowing increased the size of the fund’s bets, driving up losses when AI stocks collapsed during July’s market rout. Aschenbrenner also reportedly argued in the letter that...

Bitcoin has historically struggled before US midterms, with past recoveries beginning once election uncertainty faded.

The Federal Reserve held its benchmark rate at 3.50% to 3.75% on July 29 in a 9-3 vote that showed real division inside the committee: Beth Hammack, Neel Kashkari and Lorie Logan all preferred a quarter-point increase. That was the first time since September 2016 that three policymakers dissented in the same direction. Bitcoin briefly […] The post Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf appeared first on CryptoSlate.

China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies. China Business Journal, a state-affiliated newspaper, has warned that fraudsters have been impersonating the publication to extort companies by demanding Bitcoin in exchange for suppressing damaging reports. In a statement issued Thursday, the newspaper said scammers used a Proton Mail address to contact businesses, falsely claiming they had uncovered negative information through undercover investigations and threatening to publish the material unless paid in Bitcoin. The publication said the emails were unauthorized and that the scheme appeared to constitute fraud. Read more

US spot Bitcoin ETFs recorded $32.1 million in inflows on Wednesday despite Bitcoin dipping below $64,000, ending a four-session outflow streak. US-listed spot Bitcoin exchange-traded funds (ETFs) ended a four-session outflow streak on Wednesday, recording $32.1 million in net inflows. After posting more than $500 million in combined outflows over four straight trading sessions, spot Bitcoin ETFs returned to positive territory despite Bitcoin briefly falling to around $63,300 during US trading hours, according to data from SoSoValue and CoinGecko. So far this week, US spot Bitcoin ETFs have recorded net outflows of $29.29 million, while monthly net inflows have reached $204.7 million. Cumulative net inflows across the funds stand at $51.36 billion. Read more

The US Treasury said HormuzSafe accepted Bitcoin and other digital assets to evade sanctions and generate revenue for Iran’s Islamic Revolutionary Guard Corps. The US Treasury has sanctioned two Iranian maritime firms involved in an alleged Islamic Revolutionary Guard Corps (IRGC)-backed insurance network, saying one accepted Bitcoin (BTC) and other digital assets to bypass Western sanctions.  On Wednesday, the Treasury’s Office of Foreign Assets Control (OFAC) said that Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority were integral to what it described as an IRGC-backed insurance network that required commercial vessels to buy approved coverage before transiting the Strait of Hormuz. The firms were designated for operating in Iran’s financial sector. The action comes after earlier reports that Iran was considering a Bitcoin-based maritime insurance platform. US authorities now allege the network generated revenue for the IRGC. Treasury also sanctioned eight companies linked to I...

The Bitcoin and altcoin fund builds on Gumi’s growing crypto business centered around XRP, with the company nearly doubling its crypto holdings over the past year. Japanese game developer Gumi said it will begin operating a 3 billion yen (about $18.3 million) crypto asset fund on Saturday with SBI Financial Services and backing from Daiwa Securities Group and other investors. The fund is operated by SBI Crypto Fund, a joint venture owned 51% by SBI Financial Services and 49% by Gumi subsidiary gC Labs. According to Gumi’s Tuesday announcement, the fund will invest primarily in Bitcoin and major altcoins, using staking, portfolio rebalancing and hedging strategies.  Read more

ETF outflows, softer perpetual buying and stagnant on-chain capital leave long-term holders carrying the immediate support test. The post Three key demand drivers stall at once, leaving Bitcoin’s $64,000 support to long-term holders appeared first on CryptoSlate.

Raphael Zagury says mining and other cash-generating businesses could deliver better risk-adjusted returns measured in Bitcoin. The post “There’s no free money forever”: Twenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying appeared first on CryptoSlate.

Historical liabilities, preferred claims, restricted crypto and prospective dilution stand between the gross asset value and common holders. The post Hyperscale Data sits on $71 million in Bitcoin with a $56 million market cap – Here is why its not a bargain appeared first on CryptoSlate.

Bitcoin traders weathered an oil-price surge and ongoing Asia chip-stock sell-off into the Federal Reserve interest-rate decision. Bitcoin (BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks. Key points: Data from TradingView showed BTC/USD halting a local rebound at the Wall Street open, having hit 11-day lows of $62,700 the day prior. Read more

The Q2 split favored colocation, although management did not say conversion had become compulsory. The post Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting appeared first on CryptoSlate.

Saylor said that protocol changes on the Bitcoin network must be rare, conservative, and driven by necessity, not ambition.

Bitcoin miners are redirecting billions of dollars and scarce power capacity toward artificial intelligence as BTC’s downturn pushes mining profitability close to historic lows. Data from CryptoSlate shows Bitcoin trading around $64,000, nearly 50% below its October peak, while elevated network competition and weak transaction fees continue to squeeze miner revenue. Those pressures have made […] The post Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year appeared first on CryptoSlate.

Bitcoin fell over the past 24 hours as traders positioned for a Federal Reserve decision that could break a market pattern dating back more than three decades. Data from CryptoSlate showed the largest cryptocurrency falling as much as 3% to $62,913, its lowest level in nearly two weeks, before recovering to $63,795 as of press […] The post Kevin Warsh’s no-guidance Fed breaks a 30-year playbook – leaving Bitcoin vulnerable to surprise rate hike appeared first on CryptoSlate.

SK Hynix fell 17% after profit rose 557% and still missed estimates. Bitcoin is up 1%, and the Fed decides rates today.

Apple’s tightly controlled App Store is facing renewed scrutiny after three Bitcoin holders alleged they lost $1.8 million to a fake crypto wallet, adding to a growing list of malicious wallet apps that have reached users despite the company’s screening process. The lawsuit, filed July 24 in California, accuses Apple of failing to adequately review […] The post Apple’s App Store promoted fake Bitcoin wallet that stole $1.8M after developer spent a year warning them appeared first on CryptoSlate.

Bitcoin and crypto dropped as contagion from a major Asia stock-market correction spreads to the US at the Wall Street open. Bitcoin (BTC) hit ten-day lows at Tuesday’s Wall Street open as BTC price action followed a US stocks sell-off. Key points: Semiconductor-led losses from Asia spilled over into US trading. South Korea’s KOSPI Index finished the day down 10.8% in a single session, fueled by 14.8% losses for chip-maker SK Hynix, while Japan’s memory manufacturer Kioxia Holdings fell 18.3% on the day. Read more

Bitcoin has largely shrugged off the deteriorating outlook for the CLARITY Act, raising the possibility that traders have already priced another legislative failure into the market. Data from CryptoSlate shows the largest cryptocurrency trading around $63,500 as of press time, above the roughly $61,900 level seen on June 5, when Galaxy Digital put the bill’s […] The post As Senate CLARITY Act odds plunge to 30%, Bitcoin’s refusal to drop signals a stealth upside trap appeared first on CryptoSlate.

Bitcoin traders have spent the past month reducing protection against a price decline while the Fed has made its next decision harder to predict. The Bitcoin options put-to-call open-interest ratio has fallen to approximately 0.52 from 0.76 in late June, meaning about 52 put contracts remain open for every 100 calls. Meanwhile, Fed Funds futures […] The post Bitcoin traders just stripped away crash protection – right as the Fed prepares its most unpredictable rate decision in years appeared first on CryptoSlate.