Riot Platforms (NASDAQ: RIOT) has repaid its outstanding borrowing from Coinbase Credit and terminated a $200 million credit facility, releasing the lender’s claims on the bitcoin assets pledged to secure the debt. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides […]
Despite all the market turbulence, and BTC's collapse from the $126,000 peak, the leading crypto asset has actually performed better than almost all alts. Almost.
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) price have made big gains in September, which have pushed the total crypto market cap from $2.62 trillion on September 1 to $2.87 trillion at the time of writing. Analysts are now predicting the prices at which the four biggest cryptos by market cap will close
The post BTC, ETH, SOL, XRP Price Prediction as Analysts Set Soaring Targets for Sep End appeared first on CoinGape .
Dogecoin ETFs drew a record $2.89 million in one week as Bitwise shuts BWOW. See where the money went.
The post Dogecoin ETFs Hit Record Week After Bitwise Exit Plans. Will Price React? appeared first on BeInCrypto .
TL;DR Bitget has increased the confirmed value of assets transferred to attacker-controlled addresses from $351.6 million to about $387.5 million. The exchange says the underlying vulnerability has been identified and remediated. Withdrawals are scheduled to return in stages beginning with Bitcoin on September 28 and continuing through October 2. Bitget has published a substantial update on this week’s security breach, increasing the confirmed amount transferred to attacker-controlled wallets and laying out a timetable for restoring withdrawals. The exchange now puts the affected assets at approximately $387.5 million, up from its initial estimate of $351.6 million. Bitget says the change reflects additional assets identified during transaction tracing rather than a second wave of unauthorized transfers. The Vulnerability Has Been Patched, Bitget Says According to the exchange, its security team has now identified the attack path and the method used to bypass existing controls. Bitget says the underlying vulnerability has been remediated and that no further unauthorized transfers are possible. Independent teams from Mandiant and SlowMist are participating in the investigation. The revised loss estimate includes assets across multiple networks, including Ethereum and other EVM chains, XRP Ledger, Zcash and TRON. Bitget has also launched a recovery bounty program. Eligible parties whose voluntary actions directly result in funds being frozen or recovered can receive a bounty calculated as a percentage of the assets secured. The exchange says some funds have already been frozen through coordination with industry partners. Withdrawals Will Return In Stages Bitget plans to reopen withdrawals gradually rather than turning everything back on at once. Bitcoin withdrawals are scheduled to resume first on September 28. Ether withdrawals across several supported networks are expected to follow on September 29, with USDT withdrawals scheduled for September 30. Other tokens, fiat services and peer-to-peer withdrawals are planned to return by October 2. That timetable is now one of the most important operational tests following the breach. Bitget has maintained that customer account balances remain intact and that its protection arrangements cover the financial impact. Restoring withdrawals is where users get to test that assurance in practice. The new $387.5 million figure also makes this a materially different story from the initial breach report. The incident itself has already been confirmed. Now the focus is shifting to remediation, asset recovery and whether the exchange can reopen normally without creating another security problem. For Bitget, containing the attack was step one. Getting customers their withdrawal access back is the next one. This article was written by the News Desk and edited by Samuel Rae.
Michael Saylor wants banks to hold and lend against Bitcoin, and says digital assets could become a $100 trillion industry.
The post Michael Saylor Wants Bitcoin Inside Banks and a $100 Trillion Digital Asset Industry appeared first on BeInCrypto .
Strategy Executive Chairman Michael Saylor has called for a “bill of digital rights” covering individuals and companies using digital assets. He shared the proposal at a Freedom Tech DC event organized by the Bitcoin Policy Institute. Ad Ad Michael Saylor Sets Out 5 Rights for Digital Asset Users Strategy CEO Michael Saylor’s framework centers on
The post Michael Saylor Calls for Digital Asset ‘Bill of Rights,’ Eyes $100T Crypto Market appeared first on CoinGape .
TL;DR Strategy is asking shareholders to approve daily dividend record dates for STRC, STRD, STRF and STRK. The proposed change would alter payment frequency without changing dividend rates or increasing total regular dividend obligations. Shareholders are expected to vote on the amendments at a special meeting on October 28. Strategy is proposing an unusual change to the preferred stocks that sit alongside its enormous Bitcoin treasury: dividends calculated around daily record dates rather than monthly, semi-monthly or quarterly schedules. The company’s board approved the proposal on September 24, with Strategy filing details with the SEC the following day. Shareholder approval is still required. Daily Payments Would Not Mean Higher Dividends The proposal covers four U.S.-listed preferred securities: STRC, STRF, STRK and STRD. If approved, every calendar day would become a dividend record date. Any dividend declared for that date would then be paid on the following business day. That includes weekends and holidays as record dates even though the cash payment itself would wait for the next business day. The important detail is what does not change. Strategy says the amendments would not increase or decrease the regular dividend rates on the four preferred stocks and would not increase the company’s overall regular dividend obligations. This is a change in cadence, not a promise of extra income. STRC would move first, with the initial daily record date expected on November 1 if shareholders approve the change. STRF, STRK and STRD would transition from January 2027. Strategy Is Trying To Make Its Preferred Shares Behave More Like Digital Credit The company has increasingly described its preferred-stock products as “digital credit,” building different securities around fixed or variable distributions while using the proceeds to support its broader capital structure and Bitcoin strategy. Dividend frequency is part of that experiment. STRC only moved from monthly to semi-monthly distributions earlier this year. Now Strategy wants to go much further. More frequent distributions could make accrued income easier to price into the securities and reduce some of the friction around buying or selling shares between payment dates. Strategy says the goal is to support liquidity, demand and price stability. The change is not automatic. The proposal will go to a special shareholder meeting expected on October 28, and the amended terms would only become effective after shareholder approval and the required corporate filings. Strategy is best known for accumulating Bitcoin. Its capital structure is becoming nearly as experimental as the asset sitting inside it. If shareholders approve daily dividends, the company’s preferred shares will begin to look even less like conventional quarterly-income securities and more like continuously accruing financial instruments. This article was written by the News Desk and edited by Samuel Rae.
Bitcoin Magazine
Samourai Letter #7: Notes From The Inside
Syndicated from The Rage: Samourai Wallet developer Keonne Rodriguez documents "the absolute worst 30 days of my life."
This post Samourai Letter #7: Notes From The Inside first appeared on Bitcoin Magazine and is written by Keonne Rodriguez .
Bitcoin ETFs have drawn nearly $3 billion over seven straight sessions, erasing post-Clarity Act losses and pushing 2026 flows back into positive territory.
TL;DR CleanSpark has completed the closing of $2.276 billion in senior secured notes. The Bitcoin miner says proceeds will support data-center expansion and refinancing of existing credit facilities. The financing has closed, making this different from an earlier announcement of a proposed debt raise. CleanSpark has completed one of the largest financing transactions of the year for a publicly traded Bitcoin miner, closing $2.276 billion of senior secured notes. The company announced the completed transaction late on September 25, moving the financing from a capital-markets proposal into cash that can now be deployed across the business. CleanSpark Is Funding More Than Bitcoin Miners CleanSpark says the proceeds will be used in part to expand its data-center infrastructure and refinance existing debt. That distinction matters as the economics of the mining sector continue to change. Bitcoin miners still earn revenue by operating ASIC hardware and selling or holding the BTC they produce. But power contracts, substations, land and large data-center campuses have become valuable assets in their own right as demand for high-performance computing and AI infrastructure grows. CleanSpark has been building around that overlap. A large secured financing gives the company additional capital to expand sites without relying entirely on equity issuance or selling Bitcoin reserves. The notes were placed with qualified institutional buyers under Rule 144A, a structure commonly used by public companies to raise debt from large investors without conducting a conventional public bond offering. Debt Gives Miners Capital, But It Also Changes The Risk The size of the deal is notable. Mining is a capital-intensive business, and borrowing more than $2 billion introduces a significant fixed obligation onto the balance sheet. That can work well when operating cash flow is strong and infrastructure investment generates attractive returns. It becomes more uncomfortable when Bitcoin prices fall, mining difficulty rises or power economics deteriorate. That tension has always existed in the sector. Mining companies need to spend heavily to stay competitive, but taking on too much capital-market risk can turn a downturn into a balance-sheet problem. CleanSpark appears willing to make the trade. The company has spent the past several years increasing scale, upgrading its fleet and accumulating infrastructure in the United States. Closing the $2.276 billion financing gives it substantially more firepower to continue that strategy. The important word here is “closing.” This is no longer a plan to raise money. The transaction has been completed, and CleanSpark now has to show what that capital can produce. This article was written by the News Desk and edited by Samuel Rae.
Bitcoin Magazine
An Austrian Economist Explains Why AI Will Make Everyone an Entrepreneur w/ Per Bylund
Per Bylund explains why AI’s predictive power can’t replace human vision, driving a shift from an employment economy to an entrepreneurial one.
This post An Austrian Economist Explains Why AI Will Make Everyone an Entrepreneur w/ Per Bylund first appeared on Bitcoin Magazine and is written by Patrick Green .
Bitcoin Magazine
TECHNICAL ANALYSIS: BTC to Cross Key Price Level Against Gold
Bitcoin-gold correlation hits a 6-year high. Sean breaks down the BTC-gold ratio, higher lows since Feb, and why BTC is nearly positive against gold.
This post TECHNICAL ANALYSIS: BTC to Cross Key Price Level Against Gold first appeared on Bitcoin Magazine and is written by Patrick Green .
Bitcoin Magazine
Katie Stockton: $93K BTC is the Key Price Level for the Bull Market
Fairlead Strategies’ Katie Stockton breaks down technical signals, $84K resistance, and why a move past $93K officially confirms a new bull market.
This post Katie Stockton: $93K BTC is the Key Price Level for the Bull Market first appeared on Bitcoin Magazine and is written by Patrick Green .