Crypto Dispensers is weighing a $100 million sale as its CEO faces federal accusations of running a multimillion-dollar money laundering scheme. Crypto Dispensers, a Chicago-based operator of Bitcoin ATMs, is considering a potential $100 million sale as its founder faces federal money laundering charges. In a Friday press release, the company announced that it has hired advisors to conduct a “strategic review” and explore buyer interest. Crypto Dispensers mentioned its 2020 shift away from physical ATMs toward a software-driven model, a transition it says was meant to address rising fraud, compliance pressure and regulatory scrutiny. CEO Firas Isa described the sale review as part of the firm’s next growth phase. “Hardware showed us the ceiling. Software showed us the scale,” he said. Read more
The crypto market hasn’t reached “euphoric levels,” which means less reason to expect a major landslide, according to Lyn Alden. A significant crash for Bitcoin and the broader crypto market doesn’t look likely at this stage, according to macroeconomist Lyn Alden. “We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation,” Alden said during a recent episode of the What Bitcoin Did podcast. “The cycle could go on for longer than people can expect, because it’s not driven by the halving, it’s driven by broader macro and interest in the asset itself,” Alden said, shutting down the idea that the four-year cycle is still intact. Read more
Bitcoin being widely used for daily payments in the future is just “out-of-the-money-option value upside,” according to BlackRock’s head of digital assets Robbie Mitchnick. BlackRock’s head of digital assets, Robbie Mitchnick, said that most of the world’s largest asset managers’ clients aren’t considering Bitcoin’s use for daily payments when deciding whether to invest in the asset. “I think for us, and most of our clients today, they’re not really underwriting to that global payment network case,” Mitchnick said during a podcast interview published to YouTube on Friday. “That’s sort of maybe out-of-the-money-option-value upside,” Mitchnick said. Read more
Veteran trader Peter Brandt predicts Bitcoin won’t tap $200,000 until 2029, Scott Bessent seen at Bitcoin bar: Hodler’s Digest The Bitcoin community lit up on Thursday after US Treasury Secretary Scott Bessent made an unannounced appearance at the launch of Washingtons new Bitcoin-themed bar, Pubkey. Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say wow, it was all so obvious, Bitcoin treasury company Strives chief investment officer Ben Werkman said in an X post on Thursday. Steven Lubka, Nakamotos vice president of investor relations, called it the sign you have been waiting for. Read more
Veteran trader Peter Brandt predicts Bitcoin won’t tap $200,000 until 2029, Scott Bessent seen at Bitcoin bar: Hodler’s Digest The Bitcoin community lit up on Thursday after US Treasury Secretary Scott Bessent made an unannounced appearance at the launch of Washingtons new Bitcoin-themed bar, Pubkey. Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say wow, it was all so obvious, Bitcoin treasury company Strives chief investment officer Ben Werkman said in an X post on Thursday. Steven Lubka, Nakamotos vice president of investor relations, called it the sign you have been waiting for. Read more
A lack of conviction among "weak" hands will cause new Bitcoin holders to dump at the first sign of trouble, worsening market drawdowns. The transfer of Bitcoin (BTC) from long-term holders, also known as “OGs,” to “weak” hands will cause future drawdowns to be more severe, according to gold investor and economist Peter Schiff. Bitcoin is “finally having its IPO moment,” Schiff said on Saturday, adding that there is now enough liquidity in the Bitcoin market for long-term holders to cash out. “This much Bitcoin moving from strong to weak hands not only increases the float, but also means future selloffs will be bigger,” Schiff added. Read more
The Cardano blockchain network suffered a temporary chain split on Friday due to an old software bug triggered by an abnormal transaction. The Cardano network suffered a temporary chain split on Friday, due to a “malformed” delegation transaction, transactions to delegate ADA (ADA) to a staking pool, which are valid on the protocol level but can cause code malfunctions that affect network functionality. This “malformed” transaction exploited an old code bug in the underlying software library used by the Cardano blockchain, resulting in a network partition due to a disagreement in how nodes processed the transaction, according to an incident report from Cardano ecosystem organization Intersect. Staking pool operators were directed to download the latest version of the node software to fix the issue and reconstitute the split chain into a single blockchain history. Read more