Bitcoin | Crypto

Shares in Nakamoto closed Wednesday at 16 cents. They are down more than 99% from May last year, when the stock traded above $25. Bitcoin treasury company Nakamoto is moving ahead with a shareholder-approved 1-for-40 reverse stock split on Friday in an effort to avoid delisting from the Nasdaq Stock Exchange. The company received a notice from the Nasdaq on Dec. 10, warning that its stock price had fallen below the $1 minimum for 30 consecutive business days, according to an SEC filing. Nakamoto has until June 8 to address the issue and keep its stock above $1 for at least 10 days.  A reverse stock split reduces the number of shares outstanding. In a 1-for-40 split, every 40 shares are combined into one. After completion, Nakamoto’s total common shares will drop from 696.1 million to 17.4 million, the company said Wednesday. Read more

SpaceX is expected to go public next month, which would make its 18,712 Bitcoin holdings rank seventh among public companies. Elon Musk’s aerospace company SpaceX reported holding 18,712 Bitcoin worth $1.45 billion in a recent filing, over 10,000 coins more than blockchain tracking firms had estimated.  In the company’s S-1 registration statement, filed as part of its bid to become a public company on June 12, SpaceX revealed it purchased Bitcoin (BTC) at an average of $35,320 per coin. Its reported holdings would make it the seventh-largest among public companies. SpaceX’s Bitcoin holdings as of Dec. 31, 2025. Source: SEC Read more

Bitcoin finds footing above $77,000 despite investors’ worry over BigTech earnings results and billion-dollar outflows from the BTC ETFs. Key takeaways: Bitcoin (BTC) reclaimed $77,000 on Wednesday as broader risk markets saw modest relief after Brent crude prices retreated below $108. However, large outflows from spot Bitcoin exchange-traded funds (ETFs) have forced traders to reassess the odds of further downside risk, especially amid lingering fears of a global economic downturn. Read more

Bitcoin's 2026 macro setup just flipped from waiting for relief to pricing a renewed threat. As of May 20, 2026, CME FedWatch showed a 54.1% chance of a rate hike at the December 2026 Federal Open Market Committee meeting, against 44.4% odds of no change and only 1.5% odds of easing. For Bitcoin, the important signal is the […] The post Bitcoin is left stranded as Fed projections flip to 54% chance of rate hikes this year appeared first on CryptoSlate.

In traditional markets, the VIX gives traders a way to hedge or trade expected stock-market volatility rather than take a direct view on the S&P 500. CME Bitcoin volatility futures now give Bitcoin traders a regulated version of that idea: a way to bet on volatility without betting on Bitcoin’s price. The exchange plans to […] The post CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part appeared first on CryptoSlate.

The stablecoin issuer bought SoftBank’s 26% stake, expanding its control over the public Bitcoin holder as it moves into lending, mining and capital markets. Tether has acquired SoftBank Group’s stake in Twenty One Capital, the Bitcoin treasury company that is expanding into lending, mining and capital markets services, in a move that gives the stablecoin issuer greater control over one of the largest publicly traded Bitcoin holders.  In an announcement on Wednesday, Tether said it purchased SoftBank’s roughly 26% stake for an undisclosed amount. SoftBank was one of the earliest backers of Twenty One Capital, which launched in 2025 as a Bitcoin (BTC) treasury company backed by Cantor Fitzgerald and led by Jack Mallers. Neither controlling shareholder Tether nor Twenty One Capital disclosed the size of Tether's stake. As part of the ownership change, SoftBank’s representatives will step down from Twenty One Capital’s board of directors. Read more

Bitcoin struggles to overcome US selling pressure with markets on edge ahead of Nvidia's Q1 earnings report. Bitcoin (BTC) halted its latest recovery at Wednesday's Wall Street open as US traders sold off. Key points: Read more

Analytics provider Glassnode identified 10% of Bitcoin supply as structurally exposed to a quantum breakthrough, underscoring the need for a quantum-proof implementation such as BIP-360. Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” due to a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode. Totaling about 1.92 million Bitcoin (BTC), the group includes BTC from early Satoshi-era Pay-to-Public-Key (P2PK) outputs, legacy multi-sig structures such as Pay-to-Multisig (P2MS) and modern Pay-to-Taproot (P2TR) outputs, which reveal the public key or public key-equivalent by design, wrote Glassnode in a Wednesday X post. Bitcoin creator Satoshi Nakamoto’s coins represent about 1.1 million or 5.5% of the vulnerable supply, following another 620,000 Satoshi-era coins or 3.1% of the supply and about 200,000 coins or 1% of the supply in Taproot addresses. Read more

Bitcoin's ETF flows just absorbed its first serious macro shock in seven weeks, and last week's Bitcoin ETF outflows could constitute a temporary capital retreat or the opening move of a broader institutional de-risking cycle. CoinShares reported over $1 billion in outflows from digital asset investment products, the first negative week in seven and the […] The post Bitcoin ETF flows expose the split inside crypto’s $1 billion selloff appeared first on CryptoSlate.

Bitcoin momentum is fading following drop to $76,000 as analysts warn a loss of key support at $74,000-$76,000 could trigger a deeper BTC price correction. Market analysts say Bitcoin (BTC) is showing “momentum exhaustion” after its 8% drop from multi-month highs above $82,000, with bulls expected to defend key crucial support levels.  Key takeaways: Private wealth manager Swissblock stated that Bitcoin’s momentum is fading following failure to “sustain expansion” above $82,000.  Read more

Senate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules. South Carolina Governor Henry McMaster signed Senate Bill 163 into law on Tuesday, advancing one of the most crypto-friendly state-level frameworks in the country. The bill, which previously passed the Senate 38-1 and the House 110-1, bans state agencies from accepting central bank digital currencies (CBDCs), protects the rights of crypto users and miners, and clears regulatory hurdles for businesses operating in the space. On CBDCs, the law bars any state agency or political subdivision from accepting, requiring payment in, or participating in Federal Reserve-led digital currency trials, including any pilot programs run by federal agencies. Read more

Truth Social's Bitcoin ETF plan is dead for now, and the fee war offers a more compelling explanation than Yorkville's official rationale. The President Donald Trump-linked Truth Social Bitcoin ETF filed to withdraw its S-1 registration statement on May 19, saying it would no longer pursue the public offering “at this time.” For investors searching […] The post Truth Social’s spot Bitcoin ETF exit shows how brutal the market has become appeared first on CryptoSlate.

Bernstein says miners control 27 GW of planned power and $90 billion in AI deals, giving them a strategic edge as electricity becomes the main constraint on data center growth. Bitcoin miners are emerging as an important part of the AI infrastructure supply chain because they control large amounts of power capacity and data center real estate that are increasingly difficult to secure, according to a new research note from Bernstein. Analysts Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra estimate that publicly traded Bitcoin miners control more than 27 gigawatts of planned power capacity and have announced more than $90 billion in AI-related agreements covering 3.7 gigawatts with hyperscalers, neocloud providers and chipmakers. An April 29 research brief from RAND said that it expects the US will add approximately 82 GW of additional net available capacity by 2030. Read more

Bitcoin futures and orderbook data show dip buyers waiting for a BTC price drop below $70,000. Bitcoin (BTC) traders have shifted their focus lower after futures and order book data point to strong buyer interest in the $68,000-$70,000 zone. Sell pressure has increased in the derivatives markets and the daily bid-ask ratio fell to -0.03, showing sellers are currently more aggressive than buyers as traders position around liquidation levels. The visible range volume profile (VRVP) indicator shows the $68,000-$70,000 region as the most densely traded zone on the chart since November 2025. High trading activity in that price range suggests most positions were opened near those levels over the past few months. Read more

The Bitcoin price dropping below $78,000 has shifted market attention to whether buyers can defend the $76,000 area or whether the pullback opens the way for a deeper move toward $70,000. Crypto market maker Wintermute said the latest decline followed another rejection near $82,000, where Bitcoin has struggled to reclaim its 200-day moving average. The […] The post Bitcoin price risks slide toward $70,000 as $76,000 support weakens appeared first on CryptoSlate.

BTC price stayed pinned below $77,000 amid rising US bond yields and oil prices, with market analysts saying Bitcoin is now at a "crucial level of support." Bitcoin (BTC) consolidated near month-to-date lows on Tuesday as surging US bonds punished stocks and safe havens. Key points: Read more

Canaan’s Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their highs. Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the previous quarter, according to a Tuesday press release. Industrial mining equipment remained the company’s primary revenue driver at $39.6 million, though sales tumbled 75% from the prior quarter. Self-mining contributed $19.1 million, while the home mining segment brought in $2.7 million, a category that more than doubled year-on-year. Read more

Throughout 2026, MSTR stock and Strategy’s preferred securities are trading as more than a simple Bitcoin proxy. Bitcoin is down about 12.5% year to date, while Strategy stock, trading as MSTR, is up about 6.8% Strategy's preferred securities have also held up better than BTC in price. STRC is nearly flat, while STRD, STRF, and STRK […] The post MSTR stock is beating Bitcoin, but another Strategy asset matters more now appeared first on CryptoSlate.

Bitcoin held near $76,800 as altcoins weakened, WLFI slid and traders watched whether the largest cryptocurrency can hold Tom Lee's line in the sand.

Bitcoin ATM company, Bitcoin Depot, filed for Chapter 11 protection on May 18 in the Southern District of Texas, announcing it would wind down operations and sell assets, and that its kiosk network, with over 9,000 locations globally as of August 2025, would go offline the same day. A May 12 SEC disclosure showed that […] The post The US Bitcoin ATM industry is breaking under fraud, bans, and fees appeared first on CryptoSlate.