Bhutan’s royal government has transferred 10.779 Bitcoin ($BTC), valued at approximately $835,000, to two newly created wallet addresses, according to blockchain tracking platform Onchain Lens. The transaction was detected on-chain, but the specific purpose or destination of the funds has not been publicly disclosed. Context: Bhutan’s Growing Crypto Holdings The transfer comes amid growing international […]
Pantera Capital, a prominent digital asset investment firm, has observed a notable change in market behavior, with traders and funds reportedly moving from short to long positions on Bitcoin. The shift comes as the cryptocurrency recently broke above its 200-day moving average, a technical indicator closely watched by institutional investors. Market correction and recovery According […]
“This wasn’t an organic rally. It was a classic short squeeze,” the trader MARMOT posted to 114,000 views on Friday, as bitcoin closed a run that carried it from $62,900 on August 16 to $79,500 five days later, a 26% move that left the price near $77,000 on Saturday. “$3.1 BILLION in shorts wiped out,” […]
BlackRock significantly increased its exposure to Bitcoin (BTC) and Ethereum (ETH) last week, scooping up more than $1.8 billion worth of the assets as institutional demand for cryptocurrency investment products accelerated. The asset manager attracted the largest share of inflows into U.S. spot crypto exchange-traded funds (ETFs) during one of the strongest weeks for the […]
The five-day run in spot crypto ETF flows is becoming harder to dismiss as a one-off asset rotation. Spot Bitcoin ETFs pulled in $307 million in net inflows on August 21, while spot Ethereum ETFs added $185 million, according to the original report from WuBlockchain. Both product categories have now posted five consecutive sessions of […]
As the rise in Bitcoin price continues, lingering leveraged positions in the market have brought potential liquidation zones back into focus. According to Alphractal CEO and market analyst Joao Wedson, an examination of open positions over the past 30 days highlights levels particularly high at $61,000 and $57,000. Wedson noted that numerous positions were opened […]
Record Short Liquidations Reshape Bitcoin Outlook Bitcoin’s sharp recovery has raised the possibility that Geoffrey Kendrick’s $100,000 year-end forecast may prove too conservative, the Standard Chartered analyst wrote in research provided directly on Aug. 21. Kendrick is global head of digital assets research at Standard Chartered Bank. He said rising prices had forced traders to […]
The launch comes from Layertwo Labs, founded and led by longtime Bitcoin developer Paul Sztorc, also known as Truthcoin. The play is not to rewrite Bitcoin itself. Instead, ECX will become a separate network that copies Bitcoin’s transaction ledger at designated snapshots and hands most bitcoin holders an equal number of coins on the new […]
Grayscale Sees Potential Bitcoin Turning Point Bitcoin’s rapid recovery may signal that its latest bear market has reached a turning point, crypto asset manager Grayscale shared in an Aug. 22 post on X. The post included a chart comparing bitcoin’s current decline with four previous market cycles. The assessment followed a roughly $10,000 weekly bitcoin […]
Hazync’s developer reports that a 1.7 MB standalone verifier checked a 226,434-byte cryptographic receipt covering the first 1,789 blocks of Bitcoin in 27 milliseconds. The Aug. 15 disclosure limits that result to an early stretch of Bitcoin’s history. A complete genesis-to-tip proof campaign remains unfinished. Hazync is a research prototype that uses RISC Zero’s zero-knowledge […]