Category: Bitcoin News

Strategy Adds 220 BTC As Bitcoin Posts New Highs Above $126K

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Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, expanded its BTC holdings last week as the cryptocurrency surged to new all-time highs. Strategy acquired 220 Bitcoin (BTC) for 27.2 million in its latest BTC purchase, Saylor announced in an X post on Monday, as the related filing had yet to appear on the US Securities and Exchange Commission website. The purchase was made at an average price of $123,561 per coin as Bitcoin reached an all-time high above $126,200 last Monday before dipping to $107,000 in Friday’s flash…

WazirX Secures Singapore Court Approval to Repay Users After $234M Hack

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Crypto exchange WazirX has finally secured approval from the Singapore High Court for its restructuring plan, paving the way for user repayments following the $234 million hacking incident last year.  The court’s decision comes weeks after creditors backed a revised proposal. The approval allows WazirX to start the next phase of its recovery process, including token-based fund distributions and reviving the exchange’s operations. “Thank you to everyone who supported this difficult phase of WazirX. The Singapore High Court has approved the scheme,” WazirX founder Nischal Shetty said in a post…

BTC Price to $150K? Traders say Bitcoin’s Upside Remains Intact

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Key takeaways: Bitcoin traded above short-term holder cost basis at $114,000, signaling recovering demand and potential for further gains. Analysts said Bitcoin could continue its uptrend, with targets above $150,000. Bitcoin (BTC) price reclaimed the $115,000 level on Monday, recouping some of the losses from Friday’s historic sell-off, which resulted in over $20 billion in centralized exchange liquidations. The 10%-15% price drop left a mark on BTC’s technicals, but traders said that Bitcoin’s macro outlook remained bullish with $150,000 still in the cards. Bitcoin recovers above key trendline The BTC/USD…

Crypto ETPs See $3.2B Inflows Despite Friday’s Flash Crash

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Cryptocurrency investment products held steady amid last Friday’s massive flash crash, recording strong inflows over the past week. Crypto exchange-traded products (ETPs) recorded $3.17 billion in inflows last week despite the market correction caused by fresh China tariff threats from US President Donald Trump, CoinShares reported on Monday. “Friday saw little reaction with a paltry $159 million outflows,” CoinShares head of research James Butterfill wrote, highlighting crypto funds’ resilience to the market panic amid the Friday sell-off and $20 billion liquidations.  In addition to robust weekly inflows, crypto funds reached…

Mystery Whale Opens $163M Bitcoin Short After $192M Profit

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A huge crypto derivatives speculator that recently made $192 million betting on the crypto market with a curiously timed short has opened up more bearish positions.  The whale trader (0xb317) on the Hyperliquid decentralized derivatives exchange has opened a $163 million leveraged perpetual contract to short Bitcoin (BTC) on Sunday. The 10x leveraged position is currently valued at $3.5 million in profit, but it will be liquidated if BTC reaches $125,500. The entity attracted attention from the crypto community after opening a short position just 30 minutes before Trump’s tariff…

Steak ‘N Shake U-Turns on ETH Payment Idea

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Steak ‘n Shake has reversed course on a potential plan to accept Ether payments after several Bitcoiners balked at the idea of the fast food chain expanding beyond BTC. Steak ‘n Shake asked its 468,800 X followers whether it should accept Ether (ETH) on Saturday, promising to “abide by the results of the poll.” The poll saw 53% of 48,815 votes go for “Yes,” but the fast-food chain suspended it around four hours later due to backlash. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” it said on…

Binance Founder CZ Reportedly in Line for Trump Administration Pardon

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The Trump administration is reportedly “leaning toward a pardon” for Binance co-founder Changpeng “CZ” Zhao, who pleaded guilty to money laundering charges in 2024 and spent four months in prison. According to New York Post columnist and Fox correspondent Charles Gasparino, sources close to Zhao said that Trump insiders believe the case against CZ was “pretty weak, and certainly not something that merited a felony charge and jail time.” “Trump… is leaning toward a pardon (consider the source), which could set the stage for CZ’s return to the crypto exchange…

ETH Aims For $4.5K Just Days After Historic Flash Crash

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Key takeaways: ETH’s perpetual contract distortions are fading, with monthly futures signaling neutral conditions and reduced short-term market fear. Options markets show balanced demand between bullish and bearish strategies, reflecting a healthy derivatives market. ETH outperformed most altcoins during the crash and the following 48 hours, reinforcing its relative strength and bullish momentum. Ether (ETH) price reclaimed the $4,100 level on Sunday, easing some of the pain from Friday’s sharp 20.7% flash crash. The $3.82 billion in leveraged long liquidations left a lasting mark on ETH derivatives markets, but four…

Binance Says Tokens Did Not Actually Lose 100% of Value in Market Crash

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Crypto exchange Binance issued an update to users after several tokens on the platform apparently crashed to $0 in the wake of Friday’s market meltdown, saying that the tokens did not actually crash, but showed a $0 price to users due to a “display issue.” Several altcoins appeared to crash to $0 on Binance during Friday’s market turmoil, including IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ), despite the tokens staying well above $0 on other centralized crypto exchanges. The tokens did not actually lose 100% of their value on the…

Ethena Founder Says USDe Depeg Due to Binance Oracle Issue

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The USDe synthetic dollar depegged on the Binance crypto exchange due to an internal oracle issue and not because of the underlying collateral, the Ethena protocol, or the token itself, according to Guy Young, the founder of Ethena Labs, the creator of USDe. USDe minting and redeeming worked “perfectly” during Friday’s flash crash, he claimed; $2 billion in USDe was redeemed during 24 hours across crypto exchanges, including Curve, Fluid, and Uniswap, with minimal price deviations of 30 basis points (BPS) or less, Young said. The price of USDe fell…