Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer the clearest look yet at whether […]
The post Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing appeared first on CryptoSlate .
Bitget has unveiled a major upgrade to $BGBTC, a $BTC yield-enhanced asset. Officially launched by Bitget, $BGBTC is pegged to BTC at a 1:1 ratio. The new upgrade introduces daily $BTC-denominated rewards for $BGBTC holders. BGBTC just got a major upgrade. Backed 1:1 by BTC, it now offers daily BTC rewards, fast redemption at scale,
The post Bitget Unveils Major BGBTC Upgrade to Make Bitcoin More Capital Efficient appeared first on CoinGape .
Russia has added Moscow, the Moscow Region and parts of Kursk Region to its cryptocurrency mining ban list, citing power supply concerns behind the restrictions.
Bitcoin fell near $63,000 as the US bought yen for the first time since 1998, reviving carry trade unwind risk.
The post America Broke a 28-Year Rule to Save the Yen and Bitcoin Felt It First appeared first on BeInCrypto .
Texas broke its all-time electricity demand record twice in two days last week. ERCOT served a preliminary 91,308 megawatts around 5 p.m. on July 22, one day after demand hit 87,403 megawatts and erased the 85,508-megawatt mark that had stood since Aug. 10, 2023. Neither afternoon saw an appeal for energy conservation, and the system […]
The post Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake appeared first on CryptoSlate .
When Bitcoin launched in 2009, most banks saw it as a curiosity. John O’Neill saw something else. Not a currency. Not an investment. But the beginning of a new market infrastructure. Few digital asset executives arrive from crypto. O’Neill arrived from market infrastructure. His career began in 2001 at LIFFE, (The London International Financial Futures
The post How John O’Neill Is Steering HSBC’s Biggest Evolution Since Electronic Trading appeared first on CoinGape .
A Coldcard firmware bug let thieves rebuild seeds and drain $70 million in BTC. CZ says no wallet is fully safe.
The post $70 Million Gone in 40 Minutes: CZ Weighs in on Coldcard Fallout appeared first on BeInCrypto .
Strategy (NASDAQ: MSTR) stock price is in focus after Strategy’s executive chairman, Michael Saylor, announced that the company is shifting its attention from Bitcoin buying to ensuring that the STRC preferred stock attains its $100 par value. Saylor also said that Strategy will no longer use all its cash reserves to buy Bitcoin, but will
The post MSTR Stock Price Slips as Saylor Shifts Focus From Bitcoin to STRC After $8.2B Loss appeared first on CoinGape .
Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359.5 million net loss under US accounting rules, the company's third consecutive losing quarter. Both numbers describe the same three months. Taken together, they get closer to the truth about […]
The post Coinbase spent 5 years building a life raft away from Bitcoin and still managed to lose $359M appeared first on CryptoSlate .
HIVE Executive Chairman Frank Holmes said the firm’s AI compute GPUs are generating far more revenue per hour than its bitcoin mining rigs, as the company’s fiscal 2026 revenue surged 158% to $297.8 million. The Math Behind the 10x Claim Holmes laid out the comparison during the Roundtable 100 series earlier this week, arguing that […]
XRP and Bitcoin price trends weakened as the crypto market fell 1.51% to $2.16 trillion within 24 hours. Bitcoin price hovered near $63,000, while XRP traded around $1.06 as traders reduced exposure amid macroeconomic uncertainty. Ethereum remained under pressure near $1,860 after July ended with renewed selling around resistance zones. Ad Ad CLARITY Act Faces
The post XRP and Bitcoin Price Outlook as CLARITY Act Faces Crucial White House Review appeared first on CoinGape .
Galaxy Research said weak seed generation let an attacker recreate likely private keys offline, sweep more than 1,000 BTC from nearly 1,200 wallets and continue searching without ever accessing the devices.
Bitcoin Magazine
Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider: Report
Experts have since said that those holding Bitcoin on a Coldcard device should move funds now.
This post Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
The 0.20% sponsor fee applies after July 31, putting HODL level with BITB but one basis point above EZBC.
The post The free ride for VanEck’s Bitcoin ETF is officially over after falling $1.4 billion short of growth target appeared first on CryptoSlate .
