Notorious crypto trader Machi Big Brother has opened a combined $86 million long position across bitcoin and ethereum, holding $44.2 million in BTC and $41.8 million in ETH. Key Takeaways: Machi Big Brother holds $44.2 million BTC and $41.8 million ETH onchain, per Arkham Intelligence data. Machi has lost $73.
Bitcoin is progressing, but the market remains tense. Despite a rebound of over 29% since February, several analysts anticipate a new phase of decline.
Adam Back disputed claims of a first quantum crypto hack, saying the 15-bit ECC test did not show a real threat to Bitcoin.
Project Eleven's 1 BTC Q-Day Prize was meant to sharpen the debate over quantum risk to Bitcoin and other ECC-secured crypto assets. Instead, a sharp critique from Google quantum researcher Craig Gidney has turned the competition itself into the story.
Bitcoin is moving through another major reset following its 42% crash from its all-time high. However, what appears to be a sharp decline may actually be laying the foundation for the next phase of growth.
Bitcoin developer Paul Sztorc is once again pushing for major changes to the Bitcoin network, introducing a bold proposal known as the eCash hard fork. After years of unsuccessful attempts to gain consensus within the community, Sztorc now plans to create a separate blockchain by copying Bitcoins existing codebase.
Volatility returned to the crypto market on Monday as Bitcoin (BTC) surged to nearly $79,500 before quickly reversing and dropping back to around $77,800. The price movement began around 23:00 UTC, coinciding with the opening of U.S. equity markets and CME Bitcoin futuresa time period often associated with increased market activity and sharp price swings.
BTC fails at $80,000 and drops 2% as rising oil prices weigh on sentiment with altcoins leading losses across a volatile session.
Digital asset funds recorded $1.2B in weekly inflows, led by Bitcoin, Ethereum and record demand for blockchain equities.
PENGU is today's top performer, followed by JUP, HASH, and RAIN.
Improving institutional demand spurred by bitcoin's multi-week high pushed $1.2 billion in weekly flows to crypto funds.
Strategy's preferred equity instrument, STRC, has been trading below its $100 par value — a detail that has quietly drawn attention from investors watching the company's ability to keep funding its Bitcoin purchases. RR Saturn Steps In As Questions Mount The company behind the Bitcoin treasury strategy recently attracted fresh capital despite the uncertainty.