Michael Saylor says pandemic-era lockdowns and unabated money printing pushed him to convert his company’s massive cash reserves into Bitcoin.
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Michael Saylor shares how COVID-19 chaos drove him to Bitcoin - News
Centralized Bitcoin treasuries hold 31% of BTC supply: Gemini Centralized treasuries, including governments, ETFs and public companies, now control approximately $668 billion of Bitcoin’s circulating supply.
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US House Financial Services Committee advances crypto CLARITY Act The CLARITY Act will move to the House floor after the House Financial Services Committee voted to advance the crypto market structure bill in a 32 to 19 vote.
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Crypto ‘altcoin ETF summer’ may come in July with SEC approvals: Analysts ETF analysts say the Securities and Exchange Commission could approve Solana, Ether staking and crypto index ETFs as soon as next month.
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Bitcoin-buying GameStop drops as Q1 revenues miss estimates GameStop shares slid over 3.5% after-hours on Tuesday, falling to just above $29 after the video game retailer missed revenue estimates for Q1.
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South Korea moves to legalize stablecoins with new crypto bill South Korea’s ruling party under new president Lee Jae-myung is pushing legislation to allow local stablecoin issuance and boost crypto market growth.
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Crypto platform Parataxis eyes public listing via SPAC merger New York City-based Bitcoin investment company Parataxis Holdings is exploring a public listing via merging with SilverBox Corp IV, a special purpose acquisition company.
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Staked Ethereum hits all-time high as ETH tops $2.7K The amount of Ethereum now staked is almost 30% of the current circulating supply, reaching a new record this week.
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Active memecoin ETFs have a ‘good chance’ next year: Analyst The current memecoin market capitalization is over $60 billion, more than Tron and Cardano combined.
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AI models still far from AGI-level reasoning: Apple researchers Current “thinking” AI models still can’t reason to a level that would be expected from humanlike artificial general intelligence, the researchers found.
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AI solidifying role in Web3, challenging DeFi and gaming: DappRadar The number of daily unique active wallets on AI-powered crypto apps grew 23% in May, eating into the market share of DeFi and Web3 gaming, says DappRadar.
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Ross Ulbricht’s big Bitcoin donor tied to Silk Road successor Alphabay: Report Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to online black market Silk Road founder Ross Ulbricht to a successor marketplace called Alphabay.
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SEC wins $1.1M as alleged crypto conman a no-show in court The SEC sued Keith Crews in 2023 alleging he ran a crypto fraud scheme, but he failed to answer the complaint, leading a judge to hand a default win to the regulator.
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Crypto.com sues Nevada gaming body over block on sports event contracts The crypto exchange claims it is fully regulated, and the CFTC has jurisdiction over its sports contracts, not the state of Nevada.
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South Korea elects pro-crypto candidate Lee Jae-myung as president Lee Jae-myung has plans to enable the state pension fund to invest in crypto, approve Bitcoin ETFs, and launch a Korean won-backed stablecoin.
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Bitcoin profit-taking underway as ‘big whales’ continue sell-off The Bitcoin supply held by whale entities has declined by 40% over the past eight years as profit-taking continues.
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Coinbase aware of recently disclosed data leak since January: Reuters Reuters reports that Coinbase was made aware in January that an employee of an outsourcing company could have leaked its customer data, months before its recent public disclosure.
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Crypto lobby pushes Senate to pass stablecoin bill without debate The GENIUS Act could soon be up for Senate debate and crypto lobbyists urged senators to quickly pass the bill as amendments on credit card fees threaten to delay the bill.
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ARK 21Shares Bitcoin ETF to split stock for retail investors 21Shares says it wants to make its flagship Bitcoin ETF more attractive to retail investors by reducing its cost per share.
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Elon Musk says X’s DM feature XChat to have ‘Bitcoin-style encryption’ Elon Musk says X's new direct messaging feature will have “Bitcoin-style encryption,” which Bitcoiners were quick to correct and explain the technicalities.
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South Korea crypto industry to win no matter snap election outcome South Korea’s leading presidential candidates have both promised to legalize spot crypto ETFs, ease current regulations and launch a won-backed stablecoin.
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Bitcoin ETFs have first joint outflow in 2 weeks, but BlackRock bucks trend US Bitcoin ETFs ended a 10-trading-day inflow streak with a $347 million net outflow on May 29, with BlackRock’s fund the only product to see a net inflow.
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Hyperliquid whale losses near $100M after Bitcoin dips below $105K Hyperliquid trader James Wynn has seen his 949 Bitcoin long positions liquidated after the cryptocurrency dipped below $105,000.
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Base briefly nears 1,000 TPS, making it speed competitive with Solana Coinbase’s layer-2 blockchain Base saw a short-lived surge in transactions per second amid a token launch on the Virtuals AI platform.
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Bitcoin in ‘pivot zone’ as potential consolidation looms: Analyst “This week is absolutely critical,” said analyst Willy Woo, who cautioned that more consolidation could be ahead for Bitcoin.
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Crypto vulnerable if CFTC not given authority, says ex-chair Behnam Former CFTC chair Rostin Behnam said the crypto market will remain unregulated unless the agency he led under President Joe Biden is given greater authority.
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Australian regulator takes former Blockchain Global director to court Australia’s markets regulator has started legal proceedings against the former director of Blockchain Global, Allan Guo, over his dealings with the collapsed ACX Exchange.
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Trump’s CFTC pick Quintenz discloses crypto links, $3.4M assets Donald Trump's pick to lead the CFTC, Brian Quintenz, has investments in crypto and market prediction firms, which he says he will divest if he is confirmed as chair.
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Jack Dorsey’s Block to bring Bitcoin payments to Square by 2026 Block, Inc. is rolling out Bitcoin payments on Square, and merchants will be able to hold the Bitcoin, or auto-convert it to fiat in real-time.
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Bitcoin long-term holders ‘quietly capitalizing’ with drop to $109K Analysts say that long-term Bitcoin holders have been accumulating during the recent market stress, which has seen the cryptocurrency dip just below $109,000.