Michael Saylor’s Strategy, the world’s largest holder of Bitcoin, continued stacking the cryptocurrency as the BTC price edged up slightly last week. Strategy acquired 1,955 Bitcoin (BTC) for $217.4 million between Sept. 2 and 7, according to a Tuesday US Securities and Exchange Commission filing. The purchase was made at an average price of $111,196 per coin as the cryptocurrency briefly surged above $113,000 last Friday before slipping to around $110,000, according to CoinGecko. With the new acquisition, Strategy’s total Bitcoin holdings totaled 638,460 BTC as of Sunday, purchased for…
Category: Bitcoin News
How to Set Up a Bitcoin Inheritance Plan to Protect Your Crypto
Key takeaways A crypto inheritance plan is vital because losing private keys or seed phrases can permanently make assets like Bitcoin, Ether and NFTs unrecoverable. A strong inheritance plan includes asset inventories, secure access instructions and a trusted executor, ensuring heirs can safely and legally access holdings. Privacy must be protected using encrypted files, sealed documents or decentralized identity tools rather than exposing sensitive details in public wills. Balancing custodial and non-custodial solutions helps secure assets while simplifying transfers, avoiding mistakes like storing everything on exchanges or sharing keys insecurely.…
Metaplanet, El Salvador Boost Bitcoin Holdings, Saylor Teases New Purchase
Japanese investment company Metaplanet and crypto-friendly country El Salvador bought more Bitcoin on Monday as the Bitcoin Fear & Greed Index returned to “neutral” after several days in “fear.” Metaplanet said in a fresh disclosure on Monday that it had purchased an additional 136 Bitcoin (BTC), increasing its total stash to 20,136, worth over $2.2 billion at current prices. In June, CEO Simon Gerovich said the company’s long-term goal was to acquire 210,000 Bitcoin total by 2027, which would make it the second-largest holder of Bitcoin among public companies, behind…
Bitcoin Whales Dump $12.7B In Largest Selloff Since 2022
Bitcoin whales have sold a whopping $12.7 billion in Bitcoin over the past month, and continued sales could further pressure its price for the next few weeks, according to analysts. “The trend of reducing exposure by major Bitcoin network players continues to intensify, reaching the largest coin distribution this year,” observed CryptoQuant analyst “caueconomy” on Friday. They added that in the last 30 days, whale reserves have fallen by more than 100,000 Bitcoin (BTC), “signaling intense risk aversion among large investors.” This selling pressure has been “penalizing the price structure…
Kinto Tanks 81% After Announcing Its Blockchain Will Shut Down
The Kinto token, the governance token of the Kinto Network, has plummeted over 80% after its team announced that its Ethereum layer-2 blockchain is shutting down at the end of September, following months of setbacks. Kinto raised $1 million in debt to restore trading on its “modular exchange” after an industry-wide hack in July drained about 577 Ether (ETH) worth around $1.6 million from the protocol. However, worsening market conditions “killed further fundraising,” forcing the crypto project to shut down, Kinto posted to Medium on Sunday. “Every day that we…
ETH Holds $4.3K Despite Wider Crypto Market Sell-off
Key takeaways: Ethereum’s strong onchain metrics contrast with subdued derivatives sentiment, suggesting traders remain cautiously positioned. Stablecoin flows and options data indicate only moderate fear, supporting ETH’s potential to regain bullish momentum. Ether (ETH) fell 5.2% on Friday after investors digested weaker-than-expected US job market data. The decline came alongside a reversal in equities, sparking $90 million in liquidations of leveraged bullish ETH positions. The correction raises the question of whether Ether is destined to retest the $4,000 mark, or is the move simply a reflection of broader macroeconomic uncertainty?…
Nasdaq Approves SOL Strategies Listing For Sept. 9
Canadian blockchain company SOL Strategies is set to debut on Nasdaq next week after securing approval to list its shares. In a Friday notice, SOL Strategies said it would begin listing common shares on the Nasdaq Global Select Market starting on Sept. 9 under the ticker symbol STKE. The listing will end of the company’s shares trading on the over-the-counter venture market OTCQB, while maintaining trading activity on the Canadian Securities Exchange. “This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we…
Polygon Dev Accuses Trump-Linked WLFI of Stealing Tokens
A crypto developer has accused World Liberty Financial (WLFI), a crypto project with ties to US President Donald Trump, of stealing his funds by refusing to unlock his tokens. In a Saturday post on X, Polygon DevRel Bruno Skvorc shared an email from WLFI’s compliance team, which flagged his wallet address as “high risk” due to blockchain exposure. The team said his tokens would not be released. “TLDR is, they stole my money,” Skvorc wrote. “And because it’s the @POTUS [The president of the United States] family, I can’t do…
Despite All-Time High ETH Prices, Network Revenue Drops 44% in August
Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240% since April and ETH hitting an all-time high of $4,957 on August 24. Network fees also dropped by about 20% month-over-month, falling from about $49.6 million in July to about $39.7 million in August. Ethereum…
Bitcoin Has a ‘Logical’ Bounce Zone at $100,000
Key points: Bitcoin sees a modest rebound into the weekly candle close, but traders see key resistance overhead. BTC price action risks a much deeper drop if bulls fail to reclaim that resistance zone. Fibonacci analysis hints that such a drop may not pass more than 10%. Bitcoin (BTC) returned above $111,000 into Sunday’s weekly close as analysis saw “promising” recovery signs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BTC price “logical” bounce zone near $100,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining about 1% on the day to…