Bitcoin | Crypto

A defendant who owns one of the dormant Bitcoin wallets filed to dismiss the New York case, which seeks ownership of $229 billion worth of Bitcoin considered lost. A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued. The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit. According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the court's jurisdiction. The filing argues that a public Bitcoin address cannot itself be “found” under New York's lost-property law because it has always been publicly visible on the blockchain. Read more

June payrolls missed badly, and traders read it as the rate-cut catalyst Bitcoin needed. Payrolls rose by just 57,000, against an estimate of 110,000. The Bureau of Labor Statistics also cut the prior two months by a combined 74,000, April down 31,000, and May down 43,000. Unemployment fell to 4.2%, and wages held at 3.5% […] The post Bitcoin rally hinges on whether the Fed buys into the weak jobs report after bad miss appeared first on CryptoSlate.

Bitcoin’s second-quarter slide unfolded alongside a rare contraction in the stablecoin market, adding another sign that crypto liquidity weakened beyond spot prices alone. Bitcoin traded below $60,000 during the quarter, reaching its lowest level since 2024, and fell 14% across Q2. At the same time, total stablecoin supply slipped to $312 billion, down more than $3 […] The post Bitcoin’s 14% Q2 drop came as stablecoin market contracts for first time since 2023 appeared first on CryptoSlate.

Irish authorities recovered 500 Bitcoin in criminal proceeds, bringing the total seized by the Criminal Assets Bureau to about $92 million in BTC for 2026. Ireland's Criminal Assets Bureau (CAB) confirmed the seizure of another 500 Bitcoin, currently worth about 27 million euros ($30.9 million), in collaboration with Europol's European Cybercrime Centre.  That brings the total Bitcoin seized by CAB in 2026 to 1,500 BTC, worth about $92.4 million, the law enforcement agency said in a social media post on Thursday. CAB said Europol had provided operational coordination, technical expertise and decryption support during the investigation. The agency did not disclose the identity of the wallet owner or details of the underlying investigation, adding that it had no further comment. Read more

Bitwise’s Matt Hougan said Strategy's STRC offer of high yields and low volatility was always a questionable fit for buying Bitcoin, as the cryptocurrency offers neither. Strategy’s era as the dominant Bitcoin buyer may have come to an end following last week’s STRC turmoil, which cast doubt on the company’s Bitcoin-buying strategy and sent the cryptocurrency to a nearly two-year low, according to Bitwise chief investment officer Matt Hougan. “For years, Strategy has been the most dominant Bitcoin buyer in the world and a one-way source of Bitcoin demand. Those days are likely over,” Hougan said Thursday.  “I just expect it to be a less important figure in Bitcoin in the next cycle than it was in the last,” Hougan said, adding that investment banks, asset managers, pensions, endowments and sovereign wealth funds will likely replace Strategy as Bitcoin’s primary demand driver. Read more

Bitcoin bulls may make a run on $70,000 after weak US jobs data eased rate hike fears and capital looks to rotate into BTC and gold. Key takeaways: Bitcoin reclaimed the $61,000 mark following a disappointing US job market report. Traders grew less certain of a near-term interest rate hike from the US Federal Reserve (Fed) given the worsening labor data. The tech-heavy Nasdaq index sold off, fueling hopes of a capital rotation favoring Bitcoin. Read more

Strategy's importance to Bitcoin is likely to diminish next cycle as institutional investors emerge as the market's dominant buyers.

Analysts are divided on Bitcoin's next move, but there's some hope at last. Meanwhile, SharpLink has resumed buying Ether after an eight-week pause, and other market news. Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies. (Michael van de Poppe) The US five-year Treasury yield jumped to 4.22%, meaning traders demanded higher returns to hold government bonds. Even as inflation eventually eases and WTI crude oil prices fell to a 4-month low, investors anticipate monetary expansion. Read more

Bitcoin took daily gains to nearly 4% on the second day of "green July" as US labor-market signals supported an easing inflation policy from the Federal Reserve. Bitcoin (BTC) passed $62,000 at Thursday’s Wall Street open as crypto reacted to weak US employment figures. Key points: Read more

Bitcoin continued rising after hitting a 21-month-low earlier this week, topping $62,000 and leading a broader crypto market rebound.

Glassnode's latest Week Onchain report shows that roughly 10.83 million BTC are now in the red, against 9.22 million still in profit. Loss-making supply now accounts for roughly 54% of the measured total, compared with 46% still in profit, meaning underwater coins exceed profitable coins by about 1.61 million BTC. Glassnode describes this as one […] The post Wall Street is selling Bitcoin but the old holders are now buying it back appeared first on CryptoSlate.

SBI Crypto will shut down its Bitcoin mining pool on July 31 after more than five years, ranking 12th globally with about 2.2% of hashrate share. SBI Crypto, a cryptocurrency-focused division of Japanese financial conglomerate SBI, is shutting down its Bitcoin mining pool after a five-year run. The company announced Wednesday that it will end mining pool operations on July 31 and will stop accepting mining shares at the same time. It did not provide its rationale for closing the pool. SBI Crypto said miners should keep directing hashrate to the pool until the cutoff so final payouts can be calculated correctly before operations end. “We would sincerely appreciate your continued support by mining with us until the final day of operation,” it said. Read more

Bitcoin rose after Fed Chair Kevin Warsh said inflation risks had eased. A 7.9% drop in South Korea's Kospi on renewed AI chip worries did little to dent the bid.

The filing ties a full BTC liquidation to debt repayment, collateral language, Nasdaq pressure and an AI pivot. The post A US Bitcoin treasury company sold every BTC because debt and Nasdaq pressure just closed in appeared first on CryptoSlate.

Bitcoin price just reclaimed $60,000 after a 21-month low of $58K, and the Ethereum price tagged $1,600 in the bounce as OUSD launches. The post Crypto News, July 2: Circle USDC Hit by Blackrock and Ripple XRP Backed OUSD, Bitcoin and Ethereum Price Recovering appeared first on Cryptonews.

Metaplanet bought 2,823 Bitcoin during the second quarter, reducing its average acquisition cost to $106,500 per BTC, and reported $10.9 million in revenue from its income generation strategy. Japanese investment company Metaplanet acquired 2,823 Bitcoin during the second quarter at a price below its average purchase price, as its holdings surpassed 43,000 BTC. The company acquired its latest trove at an average price of about 12.71 million yen ($78,850 at current exchange rates), reducing its average acquisition cost to about $95,117 per BTC from $96,258, according to a Thursday announcement. Metaplanet now holds 43,000 Bitcoin acquired for about $4.1 billion. It also reported about $10.95 million in revenue from its Bitcoin income generation strategy in the quarter, which earns premiums by selling cash-secured options and employing other Bitcoin-related yield strategies. Read more

The Tokyo-listed company expanded its Bitcoin treasury to 43,000 BTC even as its shares remain down nearly 49% this year.

Bitcoin rallied above $60,000 despite Federal Reserve rate hike fears and steady outflows from the BTC spot ETFs. Is the rally a bull trap? Key takeaways: Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh's remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies. Read more

Bitcoin found its footing after bulls took steps to reclaim the $60,000 level, but data casts doubt on whether it will flip back to support. Bitcoin (BTC) traded as high as $60,200 on Wednesday, up about 2.7% over the past 24 hours after falling to a 21-month low of $57,737 earlier in the session. Ether (ETH) and Solana (SOL) also gained, up 3% and 4.85%, respectively.  The bounce took place amid deep investor caution, with sentiment trackers gauging the balance of fear and greed in crypto markets currently reading around 11 out of 100, in “Extreme Fear” territory. Despite the rebound from the yearly low, Bitcoin remains down roughly a third since the start of the year.  Read more

Bitcoin is entering the second half of the year with its support system, which powered its last rally, under pressure. Data from CryptoSlate shows that the largest digital asset has fallen about 33% this year and more than 50% from its October record high above $126,000, trading near its weakest level since September 2024 at […] The post Bitcoin starts H2 in a bear market as ETFs, Fed and Strategy set $100K-or-$50K test appeared first on CryptoSlate.