Topic: #bitcoin-news
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Coldcard firmware exploit drives bitcoin holders back to exchanges
A firmware vulnerability in Coldcard hardware wallets triggered $70–$90 million in losses and prompted retail bitcoin holders to move smaller balances onto centralized exchanges for safety, marking a sharp reversal from the self-custody migration that followed the FTX collapse.
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Citadel bets on Fed rate hike Wednesday as bitcoin analysts call a hold
Citadel's $67 billion macro team is calling for a surprise 25-basis-point rate hike from Chair Kevin Warsh on Wednesday, while crypto and traditional market analysts expect no change. The CME FedWatch tool shows odds of a hike rising to 35.8% from 25.7% a week prior.
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Apple kept fake Sparrow Wallet app on App Store after $875K theft report
A federal lawsuit filed in July alleges Apple failed to remove a fraudulent bitcoin wallet app from its App Store despite a customer reporting an $875,000 theft, resulting in a second user losing roughly $840,000.
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Bitcoin slides 2% as South Korea's Kospi crashes 10%
Bitcoin fell 2.7% to $63,200 following the U.S. market close Monday, while South Korea's Kospi index crashed 10% to its lowest level since mid-April, dragging the broader crypto market lower as macro stress dominates trading.
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Bitcoin holds $65,000 as Fed decision looms over crypto's next move
Bitcoin held near $65,000 Monday despite a sharp selloff in AI stocks, while analysts say this week's Federal Reserve decision and inflation data will likely determine whether crypto breaks higher or revisits June lows.
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Bitcoin options traders cut downside hedges ahead of Fed rate decision
Bitcoin options traders have sharply reduced put-call ratios and collapsed near-term downside protection, betting on a quiet week despite Wednesday's Federal Reserve rate decision. The market is pricing in a 15% odds of a July rate hike.
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Quantum threat to crypto isn't cryptography—it's governance speed
As quantum computing milestones accelerate, cryptography experts argue Bitcoin and decentralized blockchains face a unique vulnerability: the inability to achieve consensus fast enough to deploy quantum-resistant defenses before a cryptographically relevant quantum computer emerges.
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Poolin Bitcoin Mining Pool Files Chapter 11 Bankruptcy With $173M Debt
Poolin, which once controlled nearly a fifth of Bitcoin's global hashrate, has filed for Chapter 11 bankruptcy protection in New Jersey with debts around $173 million. The Singapore-based mining company and its two U.S. affiliates are liquidating assets, including a $52 million bid on two West Texas mining sites.
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Jack Mallers Steps Down as Twenty One Capital CEO; Tether Merger Collapses
Jack Mallers resigned as CEO of Tether-controlled Twenty One Capital on July 20, 2026, as the company abandoned a proposed three-way merger with his bitcoin payments firm Strike and mining company Elektron Energy. Raphael Zagury replaces him.
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Bitcoin's DOG Mode client sidesteps BIP 110 without miner consensus
Leonidas, co-founder of the Runestone project, announced DOG Mode, an open-source Bitcoin client that raises transaction limits without miner signaling, offering an alternative to the stalled BIP 110 proposal that has drawn zero support.
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Bitcoin Rallies to $65,000 on Softer Inflation, Long-Term Holders Sell
Bitcoin bounced to nearly $65,000 this week after U.S. inflation data missed forecasts, but on-chain metrics show two investor groups selling into the rally—long-term holders locking in losses and short-term profit-takers exiting at a $4 million daily pace.
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Trump's Bitcoin Reserve Plan Still Unresolved 16 Months Later
The Trump administration continues to evaluate the best structure for a strategic bitcoin reserve and digital asset stockpile 16 months after the president's initial executive order, with Treasury and Commerce both under consideration as potential homes for the federal crypto funds.
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JPMorgan warns MicroStrategy bitcoin sales create two-way market risk
JPMorgan analysts said MicroStrategy's policy of selling bitcoin to fund preferred dividends introduces unnecessary volatility into crypto markets. The bank recommends equity issuance instead to build a 24-36 month cash buffer.
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Metaplanet expands bitcoin treasury to 43,000 BTC with $170.7M purchase
Japanese firm Metaplanet purchased 2,823 BTC for $170.7 million, bringing its total bitcoin holdings to 43,000 BTC ($2.6 billion) and cementing its position as the world's third largest publicly traded bitcoin holder, behind MicroStrategy and Twenty One Capital.
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Cantor Fitzgerald: Bitcoin bear cycle nearing bottom in late October
Cantor Fitzgerald analysts believe cryptocurrency markets are in the final stage of the current downturn, with a potential market bottom around late October based on historical cycle patterns. The bank recommended investors focus on networks with durable value accrual rather than speculative activity.
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Bitcoin drops below $60K on Fed hawkishness and ETF outflows
Bitcoin fell to its lowest level since late 2024 on June 5, pressured by hawkish Federal Reserve expectations, sustained outflows from U.S. spot bitcoin ETFs, and investor capital rotating into artificial intelligence infrastructure spending.
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HIVE shares jump 10% on $220M Canada sovereign AI infrastructure deal
HIVE Digital Technologies announced a three-year, $220 million GPU cloud contract with Bell Canada and Cohere to deploy Nvidia Grace Blackwell processors at a facility in British Columbia, supporting Canadian government and corporate AI clients while adding roughly $70 million in annual recurring revenue.
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Magnificent 7 slump as investors rotate to chip stocks and SpaceX
Microsoft, Meta, and Bitcoin have all slumped sharply as capital rotates away from the Magnificent 7 and crypto toward semiconductor makers and space-tech opportunities, signaling investor skepticism about the AI arms race's returns.
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Bitwise CIO: Next Bull Run Will Be Slower, Less Volatile
Bitwise CIO Matt Hougan says the coming bull market will unfold more gradually than past cycles as Wall Street investors pivot toward stablecoins and tokenization over raw digital assets, even as interest in bitcoin and crypto remains historically high.
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Bitcoin breaks $64,000 on ETF inflows and Middle East peace optimism
Bitcoin climbed above $64,000 on Saturday, buoyed by the strongest U.S. spot ETF inflows in a month and geopolitical optimism around a potential Iran-Pakistan peace deal.
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Bitcoin $60K Level Risks Cascading Liquidations, Deribit Warns
Bitcoin trading near $60,000 faces structural risk from institutional cost basis, $1.2 billion in put options, and leveraged longs that could trigger automated liquidations if the level breaks, according to Deribit's chief commercial officer.
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Atlas Capital CEO predicts 70% bitcoin crash before $500K rally
Reza Bundy, CEO of the Atlas Capital fund backed by economist Nouriel Roubini, forecasts bitcoin could plunge 70% to $26,000–$30,000 over six months, but remain bullish on a longer-term climb to $500,000 driven by government debt and currency debasement.
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Bitcoin re-tests $65,300 floor for third time since February
Bitcoin fell to $65,300 overnight before recovering to $67,000 ahead of U.S. stock market open. This marks the third test of the February 6 low since the spring, following successful recoveries in February and March.
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Bitcoin drops 12% as investors flee to dollar stablecoins
Bitcoin dropped 12% to $66,800 this week as crypto investors shift capital into dollar-linked stablecoins. Tether dominance hit 8.30%, the highest since late February, even as traditional markets remain calm.