‘Extremely lucky’ solo Bitcoin miner beats massive odds to win $266K

Today in crypto: a solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s, Bitcoiners have expressed excitement over the surging odds of a US Federal Reserve rate cut in December. Meanwhile, a former Coinbase lawyer launched his campaign for New York State Attorney General. ‘Extremely lucky’ solo Bitcoin…

BTC Hides Bullish Twist in Crypto’s Fastest Bear Market

Bitcoin (BTC) fell to $80,600 on Friday, extending weekly losses to more than 10%. Its monthly drawdown has now reached 23%, the steepest decline since June 2022. The drop below $84,000 also pushed BTC to test the 100-week exponential moving average for the first time since October 2023, aligning exactly with the start of the…

Coinbase Shifts Crypto to New Onchain Wallets in Planned Migration

Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known. The migration is not due to any cybersecurity breaches or external threats, according to an announcement from…

Why Institutions May Pivot From Passive BTC Exposure to BTCFi

Digital asset treasuries (DATs) were among the most visible corporate phenomena of the last bull cycle. Built on the premise that holding bitcoin BTC$84,569.00 on the balance sheet was itself a value-generating strategy, many attracted strong market premiums simply by accumulating BTC faster than competitors. But as valuations normalize and net asset values (NAVs) tighten,…

Coinbase Shifts Crypto to New Onchain Wallets in Planned Migration

Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known. The migration is not due to any cybersecurity breaches or external threats, according to an announcement from…

Grok’s Praise of Elon Musk Athleticism Shows AI Needs Decentralization

Elon Musk is more handsome than Brad Pitt, fitter than LeBron James and could easily outclass former heavyweight champion Mike Tyson in a boxing ring — at least that’s according to his AI chatbot Grok, after the latest 4.1 update that was released this week.  On Thursday, X users began finding that Grok was a…

Bitcoin ETFs Pull $238M as Ether Ends 8-Day Outflow Streak

Spot crypto exchange-traded funds (ETFs) saw a rebound at the end of the week, with all Bitcoin, Ether and Solana funds seeing inflows after a week of volatility and downturns. On Friday, spot Bitcoin (BTC) ETFs attracted $238.4 million in net inflows after a wave of heavy redemptions the day before. BlackRock’s IBIT drove the…

‘Extremely lucky’ solo Bitcoin miner beats massive odds to win $266K

Today in crypto: a solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s, Bitcoiners have expressed excitement over the surging odds of a US Federal Reserve rate cut in December. Meanwhile, a former Coinbase lawyer launched his campaign for New York State Attorney General. ‘Extremely lucky’ solo Bitcoin…

Bitcoin’s Death Cross Invalidates Macro Uptrend as Realized Losses Rise

Key takeaways: Bitcoin’s death cross, which previously led to 64%-77% BTC price declines, has flashed again. Mounting selling pressure is prompting many investors to sell their BTC holdings at a loss.  Bitcoin (BTC) may have confirmed its entry into a bear market after the price dropped to $80,000 on Friday. This view is reinforced by…

Bitcoin ETFs Pull $238M as Ether Ends 8-Day Outflow Streak

Spot crypto exchange-traded funds (ETFs) saw a rebound at the end of the week, with all Bitcoin, Ether and Solana funds seeing inflows after a week of volatility and downturns. On Friday, spot Bitcoin (BTC) ETFs attracted $238.4 million in net inflows after a wave of heavy redemptions the day before. BlackRock’s IBIT drove the…