Bitcoin | Crypto

The EU Savings and Investments Union targets €10 trillion in deposits, but official plans do not identify Bitcoin as a policy objective. The post EU Strategy Targets €10 Trillion in Deposits, No Bitcoin Yet appeared first on Cryptonews.

Bitcoin trades near $77,381, and Glassnode says 68% of circulating supply now sits in profit at this level, up from 65% when BTC traded here in May. That three-point gap works out to roughly 600,000 additional BTC, an estimate worth about $47 billion at current prices, that could be sold for a gain before Bitcoin […] The post Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb appeared first on CryptoSlate.

Bitcoin is back above $77,500 with every major green on the day, though the week still reads red. Global investors are carrying their lowest currency protection on U.S. assets in a decade.

Standard Chartered said it is the first major global bank to offer institutional access to spot Bitcoin and Ether trading in the UAE region. London-headquartered multinational bank Standard Chartered has launched spot Bitcoin and Ether trading for institutional clients in the United Arab Emirates (UAE), through its entity regulated by the Dubai International Financial Centre (DIFC). The move makes Standard Chartered the first global bank to offer institutional digital asset trading in the region and the first Global Systemically Important Bank (G-SIB) with a similar offering, the bank said in a Thursday announcement shared with Cointelegraph. Eligible institutional clients will be able to access spot Bitcoin (BTC) and Ether (ETH) trading through Standard Chartered’s electronic trading channels integrated into the bank’s existing platforms. Read more

The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address. A hacker linked to the third wave of Coldcard wallet thefts has started swapping stolen Bitcoin for Ether through THORChain. Galaxy head of research Alex Thorn took to X on Wednesday to report that the third-wave exploiter moved about 10% of the stolen funds, with 90% remaining untouched. Thorn said it marked the first time funds from any of the three waves had moved onchain from the original hacker addresses. “The hacker appears to be having some issues swapping all the funds through THORChain — they keep getting refunded and he keeps retrying,” he said. Read more

Bitcoin is testing a roughly $68 billion breakeven wall that has repeatedly stalled its push back above $80,000. About 880,000 BTC carry a cost basis between roughly $77,500 and $80,300, leaving a large group of holders close to where they originally bought, Bitfinex Alpha data shows. Data from CryptoSlate shows Bitcoin trading near $77,890 as […] The post Bitcoin cannot break out past $80,000 until it devours an 880k BTC roadblock that choked every rally appeared first on CryptoSlate.

Ether ETFs posted $48 million in outflows after attracting $1.62 billion over 12 trading days, while XRP funds ended an 11-session inflow run. US-listed spot Ether and XRP exchange-traded fund (ETF) inflow streaks ended on Wednesday, marking a reversal after sustained demand. Spot Ether ETFs recorded $48 million in net outflows on Wednesday, ending 12 consecutive trading days of inflows, according to SoSoValue data. The funds had attracted $1.62 billion during the streak. BlackRock’s iShares Ethereum Trust ETF (ETHA) led Ether fund outflows with $53.4 million, while the Fidelity Ethereum Fund (FETH) lost $26.2 million and the Grayscale Ethereum Staking ETF (ETHE) shed $23.5 million, according to Farside Investors data. BlackRock’s staked Ether ETF (ETHB) partially offset those withdrawals with around $53 million in net inflows. Read more

IBIT’s 1.60-point lead masked a maximum decline nearly three times as deep as the S&P 500 fund’s. The post BlackRock’s Bitcoin ETF barely beat the S&P 500 after putting investors through a 53% crash appeared first on CryptoSlate.

One of Bitcoin’s onchain demand indicators turns negative again after a brief August rebound, as BTC price slipped below $77,000 amid a broader bond and equities sell-off. Bitcoin (BTC) sold off into the early European trading hours on Wednesday to hit local lows of $76,400, per data from CoinGecko. Key points:  The move in BTC came after US spot Bitcoin exchange-traded funds (ETFs) recorded outflows of $236 million the day prior. Data from CryptoQuant now shows Bitcoin’s apparent demand turning negative once more after a brief reprieve during the August rally.  Read more

Michael Saylor has roughly one week to orchestrate STRC’s return to its $100 par value by his informal Sept. 8 target, but the financial machinery required to close the final gap is running hot. Despite deploying $635.2 million on aggressive buybacks, Strategy’s preferred security continues to hover around $97. The company has simultaneously restarted its […] The post Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral appeared first on CryptoSlate.

JOLTS turnover weakened, but ISM prices at 71.1 and a 66% closing hike probability kept the rates threat alive. The post Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil appeared first on CryptoSlate.

Bitcoin fell 1% since midnight as Brent jumped past $93 and Treasury yields climbed toward 4.8%.

Difficulty is lifting short-term capacity, but operating AI and HPC loads give converted power sites another reason to stay away. The post Bitcoin’s 316-day hashrate drought shows why AI could make this mining downturn harder to reverse appeared first on CryptoSlate.

CEL Solicitors says it has traced more than 5,500 BTC that it believes belong to former users of Intersango, an early Bitcoin exchange that disappeared more than a decade ago. At Bitcoin’s current price near $78,824, those coins carry a value of roughly $433.5 million. One former UK customer has already recovered 61 BTC from […] The post How recovery of 61 BTC unlocked a potential $432M treasure hunt for early Bitcoin users appeared first on CryptoSlate.

South Korean investors appear to be returning to Bitcoin as the Korea Premium turns positive following its longest negative period.

Global bond yields hit multi-decade highs today as Japan’s 10-year JGB yield reached a 30-year peak, keeping Bitcoin steady near $78,000. Global long-term bond yields are now at the highest level since the 2008 financial crisis as major long-dated sovereign bonds continued to sell off into trading on Tuesday. The sell off comes only days after US Treasury Secretary Scott Bessent made headlines by announcing that the maximum size of debt buyback transactions would be increased to $4 billion from September.   While the Treasury does not conduct monetary policy, some commentators have compared this to a form of yield curve control. This has brought the debasement narrative, keenly followed by Bitcoin and precious metal investors, back into the spotlight.  Read more

Crypto is showing signs of life again, but its biggest wins look different from what early believers imagined. After a decade of building, has it all been worth it? Sentiment in crypto has dived lower than a snailfish in the Mariana Trench in recent months. Miners are capitulating to AI, cold wallets are getting exploited, and you can hardly fire up LinkedIn without reading another message from a newly unemployed crypto journalist searching for new opportunities. Even for an industry that’s endured nation-state bans, exchange blowups, and years of regulatory pressure, morale has rarely felt this low. With business models failing and public interest dropping, many long-term crypto fans have begun to question whether we’ve all wasted a decade of our lives on a pipe dream. Read more

Fresh ETF demand is supporting Bitcoin, but changing U.S. rate expectations could shape its next move.

His essay preserves self-custody while legitimizing the layered claims that now finance Strategy’s balance sheet. The post How Saylor’s $2 billion capital loop is quietly rewriting the rules of Bitcoin ownership appeared first on CryptoSlate.

Ether ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each logged a 10th consecutive positive session. US-listed spot Bitcoin exchange-traded funds (ETFs) returned to inflows on Monday, led almost entirely by BlackRock, while Ether, XRP and Solana funds continued attracting capital. SoSoValue data showed that Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing the $201.8 million in withdrawals recorded on Friday.  The Friday outflows ended a nine-session run that brought more than $3 billion into the funds. Bitcoin (BTC) was trading near $78,700 at the time of writing, up about 1.5% over the past 24 hours, according to CoinGecko.  Read more