Hashdex will stop trading its DEFI Bitcoin ETF after the Aug. 17 close, giving investors a final window to exit before the fund is liquidated. According to an SEC filing, investors who remain after trading ends will receive cash from the liquidation of its Bitcoin holdings by Aug. 28. The eventual payout will reflect the
Strategy said it held 840,447 $BTC as of Aug. 9 and has begun treating its Bitcoin reserve as a source of balance-sheet flexibility. Michael Saylor said Strategy sold $108 million in Bitcoin and $653 million in MSTR shares to increase its dollar reserve by $650 million, and repurchased $109 million of STRC, its variable-rate preferred
SkyBridge Capital founder Anthony Scaramucci agreed with Peter Schiff’s concerns on Tuesday about soaring U.S. debt and inflation, but favored Bitcoin over gold as the solution. Scaramucci Concerned Over US Financing Needs Scaramucci took to X to break down Schiff’s blog post on America’s fiscal outlook, highlighting elevated deficits and interest burdens. Scaramucci said Schiff’s
Following a 1.13% decline over the previous day, Bitcoin [$BTC] was changing hands at $64,215.20 at press time. Nevertheless, the annual decline of the top cryptocurrency is shocking, as it has decreased by 46.98% over the last 12 months. On the other hand, Spot Bitcoin ETFs have seen $52.098 billion in inflows since their launch
Bitcoin $BTC$63,598.22 barely budged on Tuesday, extending a five-week standstill as steady demand from exchange-traded funds ran into selling from miners and corporate holders. $BTC slipped to around $63,500, down 0.6% over the past 24 hours. More importantly, the largest cryptocurrency remained trapped in the roughly $62,000-$66,000 range that has contained prices for much of
The JAN3 Bitcoin index placed the United Kingdom third in its 2025 B20 after weighing policy advances and more than 60,000 $BTC in law-enforcement custody. UK records classify the coins as seized criminal property subject to court proceedings. A March 2026 Treasury answer said central government held no cryptoassets. JAN3 promoted the UK result this
U.S.-listed Bitcoin treasury company Hyperscale Data (GPUS) reported that it held 961.2678 $BTC as of Aug. 9, valued at approximately $62.3 million at that time. The company confirmed it made no purchases or sales of Bitcoin between Aug. 3 and Aug. 9, marking a week of no trading activity. Background on Hyperscale Data’s Bitcoin Strategy
Volatility and Liquidation Trends Bitcoin remained under pressure Tuesday, more than 24 hours after the revelation that Strategy sold 1,690 bitcoins to fund the repurchase of its preferred stock, which sent the cryptocurrency tumbling. While bitcoin initially appeared to have strong support just below $64,000, market data show it lost momentum after breaching that level.
Unusual on-chain activity has been unfolding on the Bitcoin network since the beginning of this week, with wallets that had remained dormant for more than 12 years coming back to life for the second consecutive day. The pattern of these movements is identical: coins acquired during the “post-Satoshi” era are being transferred to wallets that
Billionaire venture capitalist Tim Draper has once again delivered an extremely bullish prediction for Bitcoin. He has argued that the cryptocurrency could eventually go “infinite” against the U.S. dollar due to accelerating adoption. Draper made the prediction on X after commenting on the growing adoption of Bitcoin payments. “First they’ll say, ‘We accept Bitcoin.’ Then