Cryptocurrency analytics company CryptoQuant stated that the recent selling pressure on Bitcoin is largely due to short-term investors who have suffered losses. The company’s latest analysis states that the price drop between May 16th and May 18th provided important signals about market psychology. According to data shared by CryptoQuant, the “Bitcoin Short-Term Investors’ Total Profit […]
Amid stalled negotiations to reopen the Strait of Hormuz, Iran has increasingly turned to Bitcoin (BTC) to evade the United States’ sanctions. On May 18, Iran unveiled a Bitcoin-backed insurance service dubbed ‘Hormuz Safe’, according to documents from the country’s Ministry of Economy and Financial Affairs. The Hormuz Safe is meant for Iranian shipping companies […]
The White House says it has achieved a legal and custody “breakthrough” for the US Strategic Bitcoin Reserve, finally giving Washington a compliant way to safeguard billions in seized $BTC. The White House has confirmed a major operational breakthrough for the U.S. Strategic Bitcoin Reserve, with an announcement expected in the coming weeks. Patrick Witt, […]
Goldman Sachs Group Inc. (NYSE: GS) fully exited its Solana (SOL) spot exchange-traded funds (ETFs) holdings in the first quarter of 2026. According to the bank’s latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC), submitted on May 15, 2026, the bank reversed its Solana position of about $108 million. Over the […]
A Bitcoin whale address, identified by the prefix 0xB4d, has sold an additional $15.46 million worth of Wrapped Bitcoin (WBTC), according to data shared by on-chain analyst ai_9684 xtpa. This latest transaction brings the address’s total sales over the past three days to $35.73 million, marking a period of significant divestment from one of the […]
Banking giant Goldman Sachs has fully exited its positions in several cryptocurrency-focused exchange-traded funds (ETFs) amid subdued performance by the products. In its latest 13F filing with the U.S. Securities and Exchange Commission, the investment banking giant dumped its stakes in XRP– and Solana (SOL)-related ETFs. The filing shows Goldman Sachs liquidated its holdings in […]
Strategy made a massive bitcoin purchase last week, adding 24,869 coins for approximately $2.01 billion, or an average price of $80,985 each. The latest acquisition brings Strategy’s total holdings to 843,738 BTC, purchased for an aggregate price of about $64 billion. The company’s average cost basis now stands at $75,700 per coin, according to its […]
BlackRock’s iShares Bitcoin Trust (IBIT) has accelerated its Bitcoin (BTC) sell-off on May 18, after ending its six consecutive weeks of cash inflows. On Monday, BlackRock’s IBIT deposited 2,221 BTC, valued at about $170.59 million at press time, to Coinbase Prime, according to on-chain data from Arkham Intelligence, analyzed by Finbold. IBIT’s cash flow on […]
French-based publicly traded company Capital B announced it has added another 192 Bitcoins to its portfolio, continuing its strategy of increasing Bitcoin reserves. According to the company’s official statement, this purchase cost approximately €13 million. With this latest acquisition, the company’s total Bitcoin holdings have risen to 3,135 BTC. The statement indicated that the company’s […]
After enjoying steady expansion throughout 2025 as Bitcoin (BTC) first hit a new all-time high (ATH) above $125,000 before retreating, the global network of cryptocurrency ATM’s saw a notable contraction in the first five months of 2026. Specifically, there were 39,456 such BTC machines worldwide on January 1 and, by May 18, the number dropped […]