Bitcoin | Crypto

Canaan’s 50,000-rig deal, its largest in more than three years, signals a renewed US appetite for Bitcoin mining, according to the company’s CEO. Canaan Inc. shares jumped more than 26% in early trading Thursday after the crypto mining firm landed a 50,000-rig order. Canaan said that a US-based company purchased the latest-generation “Avalon A15 Pro” mining machines, an institutional-grade Bitcoin mining rig. The buyer was not disclosed, but the sale was reported as Canaan's largest in over three years. The company’s CEO, Nangeng Zhang, said the sale highlighted both companies’ “confidence in the long-term growth” of Bitcoin mining and the “demand for highly efficient, next-generation infrastructure.” Read more

Bitcoin surged past $119K, liquidating $475M in shorts, with analysts saying $130K is realistic if the momentum holds.

Bitcoin cleared the $120,000 level for the first time since August as long-term selling cools and short-term holders stabilize, hinting at a fresh accumulation phase. Key takeaways: Bitcoin clears the $120,000 hurdle as long-term holder selling pressure eases. Short-term holders are absorbing losses, signaling market stabilization. Read more

Coinbase has surpassed $1 billion in on-chain Bitcoin-backed loan originations eight months after launching the product in January 2025, and CEO Brian Armstrong has set a $100 billion lifetime originations target.. The run rate implied by the first eight months is roughly $125 million per month, which frames the pace required to reach the new […] The post Coinbase’s Bitcoin loans could hit $100B target by 2030 appeared first on CryptoSlate.

Michael Saylor’s $73-billion Bitcoin bet: Inside Strategy’s playbook, bold $1-million thesis and the risks that could shape corporate finance. Michael Saylor’s goal is to redefine corporate treasuries. Since August 2020, Michael Saylor’s company (once known as MicroStrategy and now rebranded as Strategy) has become one of the largest public holders of Bitcoin (BTC). Read more

BTC price action gained another 1% as bulls took on the $120,000 mark for the first time since mid-August, adding to hopes of new all-time highs. Key points: Bitcoin aims for a $120,000 reclaim as bullish momentum continues at the Wall Street open. Traders are eager for price discovery, seeing this as increasingly likely. Read more

Will the UK sell 61,000 BTC, or pay victims the gains? The United Kingdom is holding 61,000 Bitcoin worth roughly $7.2 billion after pleading guilty to fraud, and a January High Court test will determine who will capture the upside from assets seized in 2018. Zhimin Qian, also known as Yadi Zhang, pleaded guilty on […] The post Will the UK sell newly seized $7.2B BTC, create Bitcoin treasury or pay victims? appeared first on CryptoSlate.

Bitcoin price consolidation after a powerful rally to record highs is normal, and the next leg up could push BTC toward $145,000, new analysis suggests. Key takeaways: Another Bitcoin price pullback to $117,000 is possible before the uptrend resumes. A classic chart pattern puts BTC price on course for $145,000 in the next few months. Read more

Hoarding Bitcoin kills adoption. Real monetary revolution requires spending it like money, not treating it as digital gold to never touch. Opinion by: Carel van Wyk, CEO of MoneyBadger  “Hodl” is the rallying cry for many in the typical Bitcoin community because they believe they should spend “bad money” (fiat) and hoard “good money” (Bitcoin) as it may appreciate in value. But they misunderstand Gresham’s Law, which says, “Bad money drives out good,” because today, there is no reason to have bad money at all. There is a fundamental problem with the hodl approach, particularly in countries where the local fiat is under siege, like South Africa. Read more

"South Park" is back to roasting crypto in its recent episode, but digital assets like Bitcoin have been a pop culture punchline for a long time. “South Park” extended its running gag on cryptocurrency in a recent episode, taking aim at prediction markets, trading apps, US regulators and politicians tied to the industry. Now in its 27th season, the animated series has built its reputation on unhinged satire of global events. Crypto has repeatedly taken some hits. Not everyone enjoys being lampooned on TV shows — the White House recently condemned its depiction of President Donald Trump in a relationship with Satan — but earlier crypto references were often embraced within the industry as proof of mainstream recognition. Read more

Bitcoin price traded near $118,500 on Thursday as a U.S. government shutdown boosted rate-cut odds, the dollar eased, and a visible short squeeze accelerated across derivatives venues. Gold printed fresh record highs around $3,895 per ounce as rate-cut pricing firmed and the dollar index hovered near 97.6. These conditions historically align with stronger performance in […] The post Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts appeared first on CryptoSlate.

Bitcoin may be positioned for a steep rally in the final quarter of 2025, with prices potentially climbing as high as $200,000 if demand momentum continues, according to onchain analytics firm CryptoQuant. The firm stated that spot demand has been rising sharply since midsummer, averaging more than 62,000 BTC in net inflows per month. It […] The post Bitcoin rally looms with projections hinting at $200,000 surge appeared first on CryptoSlate.

BTC has advanced above $117K as U.S. signals from the labor market have increased expectations for a Fed cut. On-chain strength and larger holder accumulation have supported Q4 momentum, while $108K support and $120K resistance frame Bitcoin. The post U.S. Labor Market Declined in September, Fueling Rate Cut Odds – Bullish for Bitcoin’s Q4 Run? appeared first on Cryptonews.

October opened with a risk spike as the US government shut down, yet Bitcoin (BTC) pushed higher alongside other majors while gold printed fresh records.  As of press time, Bitcoin traded at $117,402.84, up by 3% in the past 24 hours. The immediate read is classic “chaos bid.”  Yet, beneath the knee-jerk, there’s a more […] The post Will a US data blackout shove more money into Bitcoin? appeared first on CryptoSlate.

Traders and data suggest that Bitcoin may benefit from the US government shutdown, but how long will the gains last? Key takeaways: Yields on US 10-year Treasurys declined, highlighting growing risk aversion and demand for safe-haven assets. Spot Bitcoin ETFs faced $430 million inflows while equities stayed muted, signaling potential decoupling from traditional markets. Read more

After a ~$1B BTC transfer associated with Bitfinex, Tether holdings are estimated around 109,410 while markets evaluate how Bitcoin exposure affects reserve quality, liquidity under stress, USDT stability, and regulatory scrutiny across jurisdictions. The post Why Did Tether Just Move $1B in Bitcoin? Here’s What Traders Need to Know appeared first on Cryptonews.

The US Treasury Department and the Internal Revenue Service have released interim guidance that significantly eases tax burdens for corporations holding Bitcoin and other digital assets. Issued on Sept. 30, the notices, 2025-46 and 2025-49, clarify how the Corporate Alternative Minimum Tax (CAMT) applies to unrealized gains, a question that had raised alarm across corporate […] The post US clears path for companies to hold Bitcoin tax-free appeared first on CryptoSlate.

Bitcoin eyes its highest levels in six weeks as weak US jobs data drives crypto and risk assets higher, with shutdown dips now “buy opportunities.” Key points: Bitcoin is trying to break $118,000 for the first time since mid-August. US labor market weakness drives crypto and risk assets higher despite the US government shutdown. Read more

Amid Wall Street anxieties about the state of the government, Bitcoin continued to rally Wednesday and gold soared to a new all-time high.

Former trader Josh Mandell claims quantum computers are draining old Bitcoin wallets. Experts disagree — here’s what the technology can (and can’t) do. Bitcoin was built on the principle that once funds are secured by a private key, only the holder can access them. But what if that assumption no longer holds? In what was reportedly a now-deleted post on X, former Wall Street trader Josh Mandell alleged that quantum computers are being used to siphon Bitcoin (BTC) from long-dormant wallets — especially those of owners presumed inactive or deceased. Read more