Morgan Stanley’s Bitcoin Trust and Grayscale’s Bitcoin Mini Trust ETF were the only US spot Bitcoin funds to attract capital on Aug. 13, offsetting part of a broad withdrawal that pushed the group to $131.1 million in net outflows for the session. Morgan Stanley Bitcoin Trust added $7.1 million, while Grayscale’s smaller Bitcoin fund took
Bitcoin has lost half its value since October, sliding from record highs to trade well below the $100,000 mark investors once treated as a floor. For Strategy founder Michael Saylor, the crypto industry’s loudest permabull, this is just Tuesday. “We’ve lived through more brutal drawdowns,” Saylor said, pointing to a 75% collapse in 2021-2022 that
BTC Stumbles Near $63,000 Bitcoin dipped below $63,000 for the second consecutive day on Friday, with the decline deepening in early trading. The cryptocurrency initially appeared to consolidate around $63,400 hours after falling to $62,912 on Thursday. However, a sell-off shortly after midnight dragged the price to $62,670 before it recovered to trade just below
Mizuho Securities has reduced its price target on BitGo (BTGO), the Nasdaq-listed cryptocurrency custody firm, to $11 from the previous $14, while keeping an outperform rating on the stock. The adjustment reflects a recalibrated outlook amid shifting regulatory dynamics in the U.S. digital asset market. Regulatory Landscape and Market Context The revised price target comes
KULR Technology Group has exited Bitcoin mining, repaid its Coinbase debt, and begun selling its $BTC holdings as the battery technology company shifts capital back toward its core business. The retreat marks a sharp reversal from the Bitcoin accumulation strategy KULR launched in late 2024, which allowed up to 90% of surplus cash to be
In brief Galaxy Research now puts the Coldcard exploit’s confirmed haul above 1,778 $BTC (about $112 million), with a suspected fourth wave that would lift it to 2,417 $BTC. No confirmed attacker activity has appeared after August 6, across three major waves and more than 30 smaller footprints. Galaxy has spoken to 190-plus victims directly
Ross Gerber, a prominent Tesla bull and longtime Bitcoin investor, has stated that he no longer takes Bitcoin seriously due to the involvement of Strategy co-founder Michael Saylor. “Saylor kinda makes me over Bitcoin. Hard to take it seriously anymore,” Gerber said in a recent post on X. A staunch Saylor critic The business intelligence
Peter Schiff has warned that Michael Saylor may be forced to sell significantly more Bitcoin ($BTC) and MSTR shares as Strategy attempts to push its STRC preferred stock back toward its $100 target. “Despite selling Bitcoin and $MSTR to raise cash and buy back $STRC, STRC is still trading below $95,” Schiff said in a