Mystery Bitcoin burn destroys 107 BTC worth about $8.5M
An unknown entity burned $8.5 million worth of Bitcoin after 12 years of holding, rendering the BTC unspendable, despite its price increasing by 12,700%....
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'Debasement trade’ falls out of favor as inflation fears cool, JPMorgan says
JPMorgan reports investors are abandoning bitcoin and gold as "debasement trade" momentum cools amid easing inflation concerns and potential U.S.-Iran peace negotiations. Bitcoin ETF outflows and reduced futures positions signal retreat from macro hedges that surged during Middle East tensions. The shift suggests markets are pricing in geopolitical stabilization, reducing demand for traditional inflation hedges and currency debasement protection strategies.
Asset manager Grayscale delays IPO plans as crypto listing boom loses steam
Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans....
Bit Digital bought $20 million ETH for first time since October before 15% plunge
Bit Digital purchased 8,568 ETH ($20 million) on May 11, marking its first ethereum buy since October. ETH subsequently plunged 15% below $2,000, leaving the acquisition underwater by approximately $3 million. The move reflects bullish sentiment despite broader market turbulence, as most treasury firms have halted crypto accumulation amid volatile conditions and declining asset valuations.