Bitcoin News

Bitcoin News

Policy

Australian watchdog suspends Cryptolink, forcing 96 ATMs offline

The regulator cited missing transaction reports and the company’s failure to respond to an information request.

Bitcoin ATM being used (General bytes/Unsplash)

Markets

Bitcoin-backed lending is entering its institutional era: Two Prime

Public companies are increasingly borrowing against their bitcoin holdings to fund acquisitions and capital spending without selling the asset.

Alexander Blume, founder and CEO of Two Prime, speaks at Consensus 2026 in Miami (CoinDesk)

Markets

Software stocks break away from bitcoin: What the rare divergence means for crypto

IGV’s rebound is reshaping a relationship it held with bitcoin for years, but history suggests bitcoin could still catch up.

IGV, BTCUSD (TradingView)

Tech

Luke Dashjr removed as Bitcoin BIP editor after controversial BIP-110 fork stalls

Dashjr said he is taking a sabbatical from his role as chair and chief technology officer of mining pool Ocean.

Luke Dashjr (CoinDesk)

Markets

Bitcoin's 'strongest hands' are back, on-chain data show

Elite wallets holding over 10,000 BTC has hit a six-month high of 90, building on earlier accumulation by mid-sized whales amid Coldcard fallout and Clarity Act delays.

It's the "strong hands" who are dominating. (Metropolitan Museum of Art, modified by CoinDesk)

Finance

Trump Media’s bitcoin holdings shrink as crypto losses hit $361 million

The Truth Social parent held 9,477 BTC worth $557 million at the end of June, while its Cronos position also suffered a steep drop in value.

President Donald Trump at the White House (Jesse Hamilton/CoinDesk)

CoinDesk News

Strategy builds $4.75 billion cash cushion as only bitcoin isn’t enough for investors

Strategy is holding billions in cash after learning that traditional investors don’t necessarily view its massive bitcoin reserves as a substitute for dollars.

Phong Le

Markets

Strategy sells 1,690 bitcoin, raises $653 million from MSTR shares

The company increased its USD reserve to $4.65 billion while reducing its bitcoin holdings to 840,447 BTC

Strategy Executive Chairman Michael Saylor (CoinDesk Television)

Markets

Bitcoin volatility is in meltdown, but downside protection still commands a premium

Bitcoin’s BVIV volatility index hit the lowest level since 2025 as option demand collapsed. Still, overwriting surged and downside protection stayed pricey.

Chart showing downward slope of Volmex's BVIV, bitcoin's implied volatility index. (TradingView)

Markets

A rare CME shift: Hedge funds abandon structural shorts to bet on a bitcoin rally

CME leveraged funds turn net long as weak futures yields undermine the once-popular basis trade.

BTC: CME Futures Net Position by Leverage Funds (CryptoQuant)