The timing of the deposit raised eyebrows given recent hints that Strategy could consider selling some of its Bitcoin. On May 29, the world’s largest corporate holder of Bitcoin Strategy transferred 411.48 BTC, worth over $30 million, to Coinbase Prime, a move that immediately drew attention across the crypto community as traders tried to
Mark Cuban has dumped most of his Bitcoin, calling it “not the hedge I expected” as the Iran war and dollar volatility exposed what he sees as a failed safe haven narrative. Summary Mark Cuban says Bitcoin “has lost the plot” and is “not the hedge I expected” after the Iran war The billionaire sold
This week saw the crypto market shed over $100 million of its total capitalization as macro risks and ETF outflows took their toll. Crypto markets traded lower over the past seven days, with Bitcoin leading the decline as investors shifted away from risk assets. BTC started the week near the $77,000-$78,000 range but steadily
The “Gensler winter” and its aftermath is upon us, writes Stefan Muehlbauer, CertiK Head of U.S. Government Affairs, in a viral new op-ed. Summary Regulatory pressure on US crypto has eased under the Trump administration Key enforcement actions have been rolled back, but only via policy shifts “Gensler Winter” op-ed by CertiK’s Stefan Muehlbauer cites
In Bitcoin ETF news today, Tuesday, May 26, someone sold 29 million shares of BlackRock’s iShares Bitcoin Trust in a single transaction worth approximately $1.29Bn, the largest block trade in IBIT’s fifteen-month history. Since then, Bitcoin has dropped nearly -5% before stabilizing between $73,000 and $74,000. Here is the central tension this article unpacks: if
The end of another week and the end of the month spell a larger crypto options expiry as spot markets continue to retreat. Around 85,500 Bitcoin options contracts will expire on Friday, May 29, with a notional value of roughly $6.3 billion. This event is larger than usual for the end of the month,
Base Azul is live on mainnet. The upgrade gives Coinbase’s Ethereum layer 2 a new proof system and Base-native clients. Summary Base Azul brings TEE and ZK proofs to reduce withdrawal finality to one day potentially. Node operators must move to base-reth-node and base-consensus after older clients lose Azul support now. Base reports 5,000 TPS
In crypto news today (May 29), the market has seemingly stabilized overnight, with the Bitcoin price climbing a modest +0.4% in the past 24 hours, with it sitting at around $73,500. However, ETH USD remains in a precarious position: while it is up +0.8% on the day, it trades at $2,010, barely holding above the
XRP ETFs chart another day of inflows in clear defiance of the broader market downturn. XRP-linked exchange-traded funds continue to attract investor demand despite the broader crypto market downturn. The latest data shows that XRP ETF clients bought $1.77 million in XRP yesterday, bringing total net assets to about $1.12 billion. XRP Funds Defy
Argentina has proposed a bill that would block banks, payment firms, and crypto providers from serving illegal online gambling sites. Summary Argentina’s bill would block banks, payment firms, and crypto providers from serving illegal gambling operators. The proposal adds prison terms of three to six years for running unauthorized betting systems. Argentina’s move follows Polymarket