Bitcoin is hovering near the US$60,000 psychological level, where approximately US$1.24 billion in “put” options are clustered, creating a potential trigger for market volatility. Analysts warn that dropping below this zone could force lenders to automatically sell collateral from Bitcoin-backed loans, potentially causing a “deleveraging” wave toward the US$40,000 range. Following a 47% decline from […]
ByteFederal Australia is launching ByteConnect, a national Bitcoin payment terminal and online gateway specifically designed for retail and hospitality merchants. The rollout is regulated under ASIC’s Enhanced Regulatory Sandbox, ensuring the service operates within a legal and compliant framework for digital assets. The platform uses the Lightning Network to enable near-instant settlements and low transaction […]
Michael Saylor remains committed to Bitcoin by purchasing 1,142 more coins despite MicroStrategy facing over US$5 billion in unrealised losses. The company holds over 714,000 BTC and faces a 66% drop in share price as Bitcoin trades significantly lower than its recent peak. Saylor dismisses forced-selling concerns by citing years of debt coverage and a […]
Cango sold 4,451 BTC for $305 million to repay debt, leaving it with 7,474 BTC in reserve as the stock continues to trade below $1.00. The company appointed former Zoom executive Jack Jin as CTO to lead its pivot into AI “inference” computing using its existing mining infrastructure. Despite the shift, Cango remains active in […]
Bitcoin recovered to $70,800 after a brief dip to $68,000, fueling a rally in crypto stocks led by Bullish and Strategy. Bernstein analysts characterised the pullback as the “weakest bear case” in history due to the lack of structural failures or systemic blowups. Mining difficulty saw an 11.2% drop due to high costs, and miners […]
Trump’s nomination of Kevin Warsh for Fed Chair has introduced market uncertainty, with investors weighing his historically hawkish stance against recent comments supporting lower interest rates. Economist Lyn Alden predicts a “gradual print” era where the Fed expands its balance sheet by $20–$25 billion monthly to match GDP growth, providing steady rather than sudden liquidity. […]
CoinShares argues that quantum computing poses a theoretical but distant challenge to Bitcoin, not an imminent threat to its security or markets. The firm says meaningful exposure is confined to a small subset of legacy addresses, with only a tiny portion capable of affecting liquidity. Aggressive fixes like burning coins are discouraged, with gradual upgrades […]
IREN and CleanSpark shares plummeted over 20% in combined trading sessions as Bitcoin fell below $64,000 and both companies missed quarterly revenue estimates. IREN reported a $155.4 million net loss driven by $219 million in unrealised hedging losses and impairment costs from transitioning its infrastructure from Bitcoin mining to AI Cloud computing. CleanSpark posted a […]
Strategy reported a $12.4 billion net loss for Q4 2025 after Bitcoin’s price drop triggered a $17.4 billion unrealised loss on its digital assets. The stock plummeted 17% to $106.99 as Bitcoin fell below $63,000, marking its sharpest decline since late 2024 and resulting in a 30% year-to-date loss. Over $1.4 billion in leveraged liquidations […]
House lawmakers confronted Scott Bessent over Treasury oversight and conflicts linked to a Trump-backed crypto firm. Democrats called for a pause on WLFI’s bank charter following revelations of a major foreign stake. Bessent rejected claims the Treasury can support Bitcoin markets or deploy taxpayer funds. US Treasury Secretary Scott Bessent faced heated questioning during a […]