Category: Bitcoin News

Coinbase Premium Hits Yearly Lows Amid Institutional Selloff

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The Coinbase Premium Gap, a metric used to estimate demand for Bitcoin from institutional investors relative to retail investors, has fallen to its lowest level in over a year — signaling a potential sell-off by professional investors, according to an analyst.  The Coinbase Premium is the price difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair. When it turns negative to this extent, it means that the price of Bitcoin (BTC) on Coinbase Advanced Trade (formerly known as Coinbase Pro) — a platform mainly used by professionals, institutions and high-net-worth…

Feds Crypto Trace Gets Incognito Market Creator 30 Years

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The creator of Incognito Market, the online black market that used crypto as its economic heart, has been sentenced to 30 years in prison after some blockchain sleuthing led US authorities straight to the platform’s steward. The Justice Department said on Wednesday that a Manhattan court gave Rui-Siang Lin three decades behind bars for owning and operating Incognito, which sold $105 million worth of illicit narcotics between its launch in October 2020 and its closure in March 2024. Lin, who pleaded guilty to his role in December 2024, was sentenced…

XRP Sentiment Extremely Higher Than Bitcoin And Ethereum: Santiment

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XRP sentiment on social media has remained relatively robust despite a crypto market slump that has seen Bitcoin fall close to $70,000. Santiment said in an X post on Wednesday that “XRP is seeing a more optimistic outlook among traders” on social media as Bitcoin (BTC) and Ethereum (ETH) have “turned extremely bearish” after a major downswing. Santiment’s Positive/Negative sentiment indicator, which measures the ratio of positive to negative social media mentions for a cryptoasset, shows XRP (XRP) has a score of 2.19, 103% higher than Ethereum’s 1.08 and 173%…

Bhutan Sells $22.3M Bitcoin As Mining Conditions Worsen

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Bhutan has offloaded over $22 million in Bitcoin mined through its state-owned mining venture as the cryptocurrency’s price continues to tumble and mining conditions worsen. Data from blockchain analytics platform Arkham shows that Bhutan moved 184 Bitcoin (BTC) worth $14 million from its national reserve on Wednesday, adding to another 100.8 Bitcoin transfer worth $8.3 million last Friday.  The $22.3 million worth of transfers were sent to crypto market maker QCP Capital, Arkham said. Transferring assets to market makers often indicates selling, as they help convert those assets into liquid…

Startale, SBI launch Strium for institutional FX, RWA trading

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Startale Group and Japan’s financial conglomerate SBI Holdings have launched Strium, a layer-1 blockchain designed to support exchange-layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real-world assets (RWAs). The platform is designed as an exchange-layer network, according to an announcement shared with Cointelegraph. “Tokenization is an inevitable trend, and equities tokenization is clearly the next big market,” said Sota Watanabe, CEO of Startale Group. He added that Strium aims to bridge the gap between traditional offchain finance and the onchain ecosystem by enabling compliant dividend…

CME Group Weighs Issuing Proprietary Token for Collateral and Margin

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Chicago-based derivatives exchange CME Group is weighing the launch of its own digital token as it explores how tokenized assets could be used as collateral across financial markets, according to comments from CEO Terry Duffy. Speaking on a company earnings call, Duffy said CME is reviewing different forms of margin, including tokenized cash and a CME-issued token that could operate on a decentralized network. He said: Not only are we looking at tokenized cash […] we’re looking at different initiatives with our own coin that we could potentially put on…

Telegram’s Durov Sounds Alarm About Spain’s Online Age Verification law

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Pavel Durov, the co-founder of the Telegram messaging platform, sounded the alarm about the Spanish government’s plan to usher in online age verification and restrict social media platforms for individuals under the age of 16. The proposed law will lead to increased government-led censorship of online content, breaches of privacy through de-anonymizing users and mass-surveillance, Durov said on Wednesday. “Pedro Sánchez’s government is pushing dangerous new regulations that threaten your internet freedoms. Announced just yesterday, these measures could turn Spain into a surveillance state under the guise of ‘protection.’”  Source:…

Bitcoin Falls To New 2026 Low, Altcoins Crumble: Is $56K BTC Next?

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Key points: Bitcoin remains under pressure as the bears attempt to hold the price below the crucial $74,508 level. Several major altcoins are struggling to bounce off their support levels, increasing the likelihood of the resumption of the downtrend. Bitcoin (BTC) bulls attempted to start a recovery, but the bears sold at higher levels and pulled the price below $72,169. Galaxy Digital research lead Alex Thorn said in a note on Monday that BTC could plunge to its realized price of $56,000 over the coming weeks due to the lack…

Bitnomial Lists First US-regulated Tezos Futures

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The Chicago-based cryptocurrency exchange Bitnomial has launched futures tied to Tezos’s XTZ token, marking the first time the asset has a futures market on a US Commodity Futures Trading Commission-regulated exchange. According to Wednesday’s announcement, the futures contracts are live and allow institutional and retail traders to gain exposure to XTZ (XTZ) price movements using either cryptocurrency or US dollars as margin. Futures contracts let traders hedge risk or gain price exposure by agreeing to buy or sell an asset at a set price on a future date, without holding…

Bitcoin Price Action Makes Lower Lows After Failed $76,000 Relief Bounce

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Bitcoin fell to its lowest levels since November 2024 after beating its previous bottom, with $70,000 BTC price support and under coming into focus. Bitcoin (BTC) saw a second dip below $73,000 after Wednesday’s Wall Street open as US sellers returned. Key points: Bitcoin falls further into territory not seen since late 2024, dropping under Tuesday’s prior low. Macro assets lose steam as precious metals give back recent gains. Traders lie in wait for deeper long-term lows on Bitcoin to come next. Bitcoin joins precious metals in failed relief bounce…