Bitcoin Depot filed for voluntary Chapter 11 in Texas on May 18 and took its Bitcoin ATM network offline. Preliminary Q1 revenue fell US$80.7 million, or 49.2%, as transaction volume dropped under tighter rules and compliance controls. BTM shares fell about 73% after the filing, with the company planning an orderly wind-down and asset sale. […]
Farside Investors data showed U.S. spot Bitcoin ETFs posted US$630.4 million in net outflows on May 13. BlackRock’s IBIT led redemptions with US$284.7 million, followed by ARKB, FBTC and BITB. Solana ETFs still drew US$6.0 million, while 21Shares’ THYP showed US$3.17 million in assets. US spot Bitcoin ETFs recorded US$630.4 million (AU$870 million) in net […]
Bitcoin traded near US$79,573 after falling below US$80,000 following the April PPI release. US producer prices rose 1.4% in April and 6.0% from a year earlier, according to the Bureau of Labor Statistics. Despite the sell-off, traders believe if BTC can hold near the $80K level then we might see further resilience. Bitcoin (BTC) slipped […]
A viral X thread claims Claude AI helped recover 5 BTC from a wallet untouched since 2015 after years of failed password recovery attempts. Blockchain activity appears to support claims that a long-inactive Bitcoin wallet was accessed again using AI-assisted file analysis. Crypto users are debating whether Claude genuinely aided wallet recovery or simply helped […]
Michael Saylor said concerns over Strategy selling Bitcoin for dividend payments have been exaggerated, arguing any sales would be minor relative to the company’s ongoing accumulation strategy. Strategy continues defending its debt and equity funding model as it expands beyond a Bitcoin treasury company into a broader financial markets operation. Saylor also pushed back against […]
NSW Police seized 52.3 Bitcoin allegedly linked to darknet marketplace activity during a raid in Sydney’s south-west. Strike Force Andalusia used blockchain tracing and digital forensics to connect cryptocurrency transactions to suspects. Two men have been charged following the investigation, which police say highlights growing capabilities in crypto crime enforcement. New South Wales Police have […]
Morgan Stanley’s MSBT became the only spot Bitcoin ETF to avoid daily net outflows during its first month of trading. The ETF accumulated US$193.6 million (AU$271 million) in inflows despite volatility across the broader Bitcoin ETF market. Investor demand remained firm even during sector-wide withdrawals, with MSBT trading at a premium to net asset value. […]
JPMorgan says Bitcoin is increasingly outperforming gold as investors seek protection from geopolitical instability and currency debasement. Sustained inflows into Bitcoin ETFs and stronger futures positioning suggest both retail and institutional investors are raising crypto exposure. Strategy’s continued Bitcoin accumulation is reinforcing demand, with JPMorgan estimating purchases could hit US$30 billion (AU$42 billion) this year. […]
Bitcoin-backed digital credit products have grown to roughly US$10 billion (AU$14 billion) in under a year, according to Strive CEO Matt Cole. Industry executives believe the sector could become a multi-trillion-dollar market if it captures a small share of global credit markets. Firms including Strive, Bitcoin Standard Treasury Company and Nakamoto are expanding or exploring […]
Glassnode said Bitcoin broke above the US$78,200 True Market Mean and US$79,100 short-term-holder cost basis. The analytics firm put the next major resistance near US$85,200 as ETF demand rebuilds and short positioning persists. Realized Loss remains elevated at US$479 million per day, leaving the recovery short of full confirmation. Bitcoin has reclaimed two key on-chain […]