BitMEX Faces Proposed Class Action Seeking Return Of 622 BTC - Read the full analysis.
The Bitcoin Policy Institute, Palantir and Anduril have been named as participants in the U.S. Department of State's Freedom Tech program, a government-backed initiative that groups a Bitcoin-policy advocacy body alongside two well-known national-security technology firms. The Bitcoin Policy Institute Freedom Tech program listing marks an unusual cross-sector pairing of digital-asset policy and defense technology under a single State Department framework.
Grayscale says bitcoin could remain under pressure until September or October if its historic four-year cycle repeats. However, the asset manager believes economic growth and Federal Reserve policy now offer a more useful guide to the market.
The bear market has not ended, sellers were still in control, and supply metrics showed a transition to a bull market has not yet come about.
Poolin Files Chapter 11 As Bitcoin Miner Moves Toward $52M Asset Sale - Read the full analysis.
Strategy's newly published metric shows Bitcoin could decline at a constant annual rate of 11.34% across the weighted duration of the company's credit structure before its modeled coverage falls below 1.0x. The BTC Floor ARR stood at -11.34% at 3:35 p.m.
Swiss cantonal lender BancaStato has expanded its product range by introducing regulated cryptocurrency trading for its customers, powered by digital asset specialist Sygnum and core banking technology provider Avaloq.
Markets only needed a few hours to waver. A surge in oil prices, triggered by escalating tensions in the Middle East, revived risk aversion and led to a sell-off in the most exposed assets.
Bitcoin long-term holders have recorded their strongest accumulation in more than six years, with the LTH Net Position Change reaching approximately 1.29 million BTC over a 30-day period, according to CryptoQuant data.
Bitcoin fell below $64,000 after reaching nearly $67,000 mid-week, dropping its market cap to $1.285 trillion and triggering $312 million in total crypto liquidations. Bitcoin Reverses Gains as Liquidations Mount Bitcoin briefly slipped below $64,000 on Friday, positioning the top cryptocurrency to end the week flat after nearly reaching $67,000 on Wednesday.
The crypto market saw a steady advance higher earlier this week, helped by bullish spot ETF flows and BTC's momentum.
US spot Bitcoin ETFs recorded $225 million in net outflows on July 23, ending a seven-session inflow streak as net redemptions from BlackRock's iShares Bitcoin Trust dominated the reversal. IBIT posted a $202 million net outflow, accounting for 89.96% of the US spot Bitcoin ETF sector's aggregate net outflow.