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The US Treasury's Office of Foreign Assets Control revoked General License X on July 7, cutting off the authorization that had allowed Iranian crude oil, petrochemical, and petroleum-product transactions through Aug. 21. Its replacement, General License X1, permits only wind-down transactions through 12:01 a.m. ET on July 17. Brent crude settled at $74.16 and WTI […] The post Bitcoin looks calm but a July 17 oil deadline looms as Iran shock sends crude up 5% appeared first on CryptoSlate.

Bitcoin miners are facing a real-world test of their ability to improve the electricity grid. The US Energy Information Administration projects electricity consumption will climb from 4,195 billion kilowatt-hours in 2025 to 4,269 billion in 2026 and 4,399 billion in 2027. The agency ties the increase to AI data centers, cryptocurrency operations, and broader electrification, […] The post Bitcoin miners have until 2027 to prove they deserve power on America’s overloaded grid appeared first on CryptoSlate.

StarkWare CEO Eli Ben-Sasson argued that Bitcoin private keys get lost over time, meaning the amount of usable Bitcoin diminishes over time. Many disagree. The debate over whether Bitcoin's fixed supply cap should be lifted has resurfaced after StarkWare CEO Eli Ben-Sasson suggested Tuesday that it should replaced with a 4% annual issuance rate. In a post to X on Tuesday, Ben-Sasson said the current 21 million cap “doesn't make sense” because private keys are lost over time and “as time goes to infinity, all keys will be lost.” Crypto wallet hardware provider Ledger estimated in November that up to 4 million Bitcoin had been burned or permanently lost. Ben-Sasson said he still supports a hard upper bound on Bitcoin's supply, and that a 4% annual inflation rate roughly tracks the growth of the human population. Read more

The cost of eliminating margin calls and forced liquidations is an interest rate as high as 14.2% and an obligation to pay on time, Strike CEO Jack Mallers said. Bitcoin financial services platform Strike has launched a “volatility-proof” Bitcoin-backed loan that eliminates margin calls and forced liquidations amid the depths of a bear market, but only for those who can pay on time and handle a 14% interest rate. In an announcement on Tuesday, Strike CEO Jack Mallers said the offering came in response to broad customer feedback on Strike’s first Bitcoin loan product, which launched in May 2025 and triggered many liquidations during a timeframe in which Bitcoin (BTC) dropped 54% from peak to trough. “No margin calls. No price liquidations. No matter how far bitcoin falls, your bitcoin doesn't move,” Strike CEO Jack Mallers said of the new Bitcoin loan product. The trade-off is an expensive interest rate, a shorter six-month loan term, and an obligation to pay on time to avoid liquidation, Mallers said. Read mo...

The proposed bonds to be backed by cryptocurrency still need approval from New Hampshire Governor Kelly Ayotte and the state’s five-member executive council. The New Hampshire Secretary of State’s office announced that lawmakers would discuss issuing $100 million in bonds backed by Bitcoin (BTC) at a public hearing. In an update to the New Hampshire governor and executive council agenda, the state’s Business Finance Authority (BFA) has scheduled a meeting for Wednesday regarding the proposed issuance of $100 million in BTC-backed bonds. The BFA approved the bond in November 2025, saying that it planned to issue the vehicles upon approval from Governor Kelly Ayotte and the state’s five-member executive council. “This is an innovative way to bring more investment opportunities to our state and position us as a leader in digital finance without risking state funds or taxpayer dollars,” said Ayotte on the bonds, following the BFA approval.  Read more

The Federal Reserve publishes the minutes of its June 16–17 meeting on Wednesday at 2 p.m. ET, and the release will either validate Bitcoin's week-long recovery or pull out its foundation. Traders bought the rebound on a single macro assumption: a weakening US labor market limits how long the central bank can stay hawkish. The […] The post Bitcoin rally now depends on one Fed document coming Wednesday appeared first on CryptoSlate.

U.S. spot Bitcoin ETFs took in roughly $266 million on July 6, with IBIT supplying about $209 million, making the next few sessions a test of whether ETF demand can keep supporting BTC. The post BlackRock put $209M behind Bitcoin’s rebound but can it last? appeared first on CryptoSlate.

Bitcoin came off two-week highs while US stocks dipped and John Bollinger described BTC price action as "at a critical point." Bitcoin (BTC) circled $63,000 after Tuesday’s Wall Street open as chip companies led a dip in US stocks. Key points: Read more

Bitcoin's dominance dropped to a one-month low of 54%, down from 58.12%, according to CoinGecko's dominance table. Over the same stretch, the “Others” bucket, representing everything outside Bitcoin, Ethereum, and stablecoins, climbed from 19.39% to 24.68% of total crypto market cap. BTC dipped below $58,000 last week, then recovered to find an intraday high of […] The post Bitcoin dominance hits one-month low as altcoin winners start breaking away appeared first on CryptoSlate.

K33 said Bitcoin has historically bottomed within weeks of more than half of its circulating supply being held at a loss, with strong one-year returns following in most previous cycles. The growing Bitcoin supply held at a loss suggests that the crypto market is nearing its cycle bottom, according to digital asset brokerage company K33. Over 50% of all Bitcoin (BTC) is currently held at a loss, K33 said in a report published Tuesday. K33 added that because the past year's bull market was less extreme than previous cycles, the current downturn could also be less severe. Read more

Bitcoin cleared $60,000 again the week the Bureau of Labor Statistics reported June payrolls grew by just 57,000, unemployment climbed to 4.2%, and labor-force participation slipped to 61.5%. The dollar index dropped 0.56% to 100.83, September Fed-hike odds fell to 54% from 67%, and Bitcoin is trying to breach $64,000 as of June 6. Stephen […] The post Bitcoin’s $70K path now runs through pump prices as Iran shock fades appeared first on CryptoSlate.

BTC has recovered from last week's low, but ETF persistence, spot volume, and $61,000-$62,000 support now decide whether the move has legs. The post Bitcoin price rebounds to $63K as leverage returns creating short term volatility risk appeared first on CryptoSlate.

Bitcoin NUPL metric data suggested that BTC price action should make new cycle lows in order to preserve historical patterns. Bitcoin (BTC) has further to fall for one of its “cleanest cycle clocks” to signal a bear-market bottom, new analysis says. Key points: Read more

Strategy’s largest Bitcoin sale in years has put new pressure on the corporate treasury model that made Michael Saylor one of the most closely watched figures in digital assets. On July 6, the company, formerly known as MicroStrategy, revealed that it sold 3,588 Bitcoin for about $216 million between June 29 and July 5. Per […] The post Strategy faces $8.3 billion Bitcoin Q2 loss as Saylor sells over $200M in BTC appeared first on CryptoSlate.

The Digital Chamber filed an amicus brief urging the dismissal of the New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, arguing it would set a dangerous precedent for self-custodial wallets. Blockchain trade association the Digital Chamber filed an amicus brief in the New York lost property case seeking ownership of thousands of dormant Bitcoin addresses.  The Monday filing is the second amicus brief in the case. It opposes the claims of ownership, arguing that treating dormant wallets as abandoned property would create a “pervasive cloud on title across self-custody wallets.” Digital Chamber argues that a ruling based on the plaintiffs’ theory would undermine the “foundational principles of digital property ownership, with negative ripple effects reaching the traditional finance industry.” Read more

“Investors are now more confident about the instrument,” said Grayscale’s Zach Pandl regarding STRC, which reclaimed $90 for the first time in three weeks. Strategy's $216 million Bitcoin sale on Monday should be seen as a positive development for the price of Bitcoin and as a move that renews confidence in STRC, according to analysts. The sale of 3,588 BTC to fund preferred stock dividend payments and replenish cash has boosted Strategy’s dollar reserves to cover 17 months of dividend payments. “The rebound in STRC suggests investors are responding positively to this decision,” Grayscale Research said Monday. Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph that Strategy’s recent sale was a “smart, stabilizing move that actually strengthens the setup for Bitcoin.” Read more

The report follows comments from White House crypto adviser Patrick Witt in May, who said the administration was examining the legal implications of creating a Bitcoin reserve. The Trump administration’s push to establish a US Strategic Bitcoin Reserve has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the reserve should be structured and which agency should have primary oversight of the holdings. US President Donald Trump’s March 2025 executive order called for the SBR to be housed inside the Treasury Department, while other agencies would assist with asset seizures to build the reserve.  However, concerns have emerged over whether the Treasury has the legal authority to manage the Bitcoin (BTC) holdings, partly because of its volatility, Bloomberg reported Monday, citing people familiar with the matter.  Read more

Bitcoin reversed course from its Monday open selloff and closed the day above $64,000 as bulls began to price in Strategy’s selling. Bitcoin (BTC) fell from nearly $64,000 on Sunday to about $62,000 on Monday, and the primary trigger behind the move appeared to be a SEC disclosure showing Strategy’s largest ever sale of 3,588 BTC. The fuller explanation for the price action can be found deeper in the plumbing. Sunday’s climb toward $64,000 was almost entirely futures driven. Net futures buying reached roughly $415 million for the day, capped by a single four-hour burst of about $687 million that force-closed some $33 million in bets against Bitcoin. Spot flows over the same session were slightly negative, and this gap matters since a rally with no cash buyers behind it rests on positions that can be forced to unwind at any moment. Monday morning delivered the unwind, and it accelerated as Strategy’s filing landed. The largest corporate Bitcoin treasury holder sold BTC for $216 million to fund dividend payment...

Bollinger Bands creator John Bollinger says the charts suggest Bitcoin could take off from here. Vitalik Buterin unveils a new Ethereum strawmap, but why is it taking so long? Michael Saylor's Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves. Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K filing with the US Securities and Exchange Commission. This included 1,363 Bitcoin sold at an average price of $59,256 between last Monday and Tuesday, and 2,225 Bitcoin sold at an average price of $60,773 between Wednesday and Sunday. Read more

Bitcoin sold off as news of Strategy selling BTC shook investors’ nerve but the quick rebound suggests bulls remain ambitiously positioned. Key takeaways: Bitcoin price quickly recovered from the selloff to $61,300 that followed Strategy’s Bitcoin sale announcement. Despite the negative impact on traders' sentiment, the additional $216 million cash position eased concerns about the company's ability to pay dividends and cover its debt. Does the quick recovery suggest that Bitcoin bulls back in control? Read more