A sharp bitcoin rally from below $60,000 to $63,700 forced the largest wave of short liquidations since late April, erasing $504 million in bearish positions within 24 hours. The move caught overleveraged traders off guard, triggering cascading forced closures across major exchanges as prices surged. The bounce appeared
Bitcoin trading near $60,000 is triggering significant ETF outflows this time around, revealing a stark shift in institutional behaviour compared to February's similar price level. In February, institutional players largely absorbed the dip, with selling pressure easing as prices approached that range. Now, the same price point
Michael Saylor posted a cryptic 'add more dots' message on social media, widely interpreted as signaling an imminent bitcoin purchase by Strategy, the publicly traded firm he chairs. The post comes as Strategy's bitcoin holdings sit approximately $11.7 billion in unrealized losses, reflecting pressure from
A wave of selling that began when Strategy offloaded bitcoin holdings triggered a broader market rout, wiping approximately $390 billion from total crypto market capitalisation — the steepest weekly decline since the collapse of FTX in November 2022. Bitcoin and ether were among the hardest-hit assets, with both tokens on
A Bitcoin wallet linked to the Satoshi era has moved funds for the first time in 14 years, drawing attention due to its connection to a $285 billion lawsuit. The 1LwWt address had previously received a legal notice embedded in Bitcoin's OP_RETURN field by Salomon Brothers in
Michael Saylor, executive chairman of Strategy, has outlined what he sees as four essential groups whose combined efforts are necessary for Bitcoin to achieve lasting dominance. Speaking in what observers described as a rallying call to the broader Bitcoin community, Saylor argued that no single faction alone can secure the
A stronger-than-expected US jobs report triggered broad risk-asset selling, dragging Bitcoin to a low of $59,227 before the cryptocurrency recovered above $61,000. The macro-driven selloff mirrored a roughly 5% decline in the Nasdaq 100, with stocks, bonds, and crypto all falling in tandem — underscoring
As crypto markets continue to slide, most major corporate treasury holders are deep in the red, with firms like Strategy and Bitmine watching earlier paper gains reverse into significant losses. Hyperliquid-based treasuries stand out as a rare exception, remaining in profit amid the broader downturn. The divergence highlights growing
BitMine, the Ethereum treasury company backed by Tom Lee, has priced a preferred share offering carrying a 9.5% dividend yield, mirroring the capital-raising model pioneered by Strategy for its Bitcoin reserves. The offering was upsized, signalling stronger-than-expected investor demand, with proceeds earmarked specifically for Ethereum purchases.
Securitize, the tokenization firm behind BlackRock's BUIDL money market fund, has received SEC approval for its merger registration statement, clearing a critical regulatory hurdle toward a public listing on the New York Stock Exchange. The approval moves the company closer to becoming one of the first real-world
A modest 32 BTC sale by Michael Saylor's Strategy, disclosed in a June 1 Form 8-K filing, became a scapegoat among Bitcoin traders for the latest market sell-off, despite the transaction representing a negligible market impact. Strategy sold the 32 BTC between May 26 and May
Strategy Executive Chairman Michael Saylor has called on the Bitcoin community to move beyond internal ideological divisions, arguing the network need not choose between its original principles and broader mainstream adoption. Speaking as BTC continued to extend recent losses, Saylor outlined four distinct camps within the Bitcoin ecosystem, contending that