Bitcoin News
Bitcoin shrugs off AI selloff but high-stakes Fed meeting could determine what's next
BTC held near $65,000 even as Nvidia and AI stocks fell sharply. This week's Fed decision could determine whether bitcoin finally breaks higher or revisits June's lows, analysts said.
Wall Street giants back $15M push to quantum-proof Bitcoin as the CLARITY Act nears a do-or-die deadline
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Charles Schwab Head of Crypto Research Jim Ferraioli, who breaks down the odds of a Fed hike, why he believes the CLARITY Act is not yet priced into Bitcoin, and his finding that some 60% of Bitcoin's daily price move can't be tied to macro factors. Galaxy Head of Firmwide Research Alex Thorn unpacks the newly launched $15 million Bitcoin Security Consortium — backed by nine firms including BlackRock, Coinbase, Fidelity, Galaxy, and Strategy — and Galaxy's own $5 million Bitcoin Quantum Readiness Initiative, while making the case that CLARITY is in its "11th hour" ahead of the August recess. Finally, FalconX Head of Derivatives Griffin Sears kicks off CoinDesk's Perps Week, explaining how perpetual futures jumped from crypto into oil, single-name equities, and pre-IPO SpaceX exposure. Plus, a look at ETF flows and a Crypto Fear & Greed reading stuck at 30.
Bitcoin options traders are dropping their hedges going into the Fed meeting
The put/call ratio has fallen to about 0.52 from 0.76 in late June, and one-week downside protection has collapsed in price. The options market is positioned for a quiet week that contains an FOMC decision.
Bitcoin ETFs post third straight weekly inflows despite $465 million in late-week losses
The vast majority of the activity was concentrated in BlackRock’s IBIT product accounting for nearly $415 million of the outflows.
Crypto is the canary in the coal mine for the quantum computing threat, experts say
As estimates for “Q-Day” move closer, experts warn that crypto’s slow governance, not its cryptography, may be the biggest obstacle to defending against quantum attacks.
Bitcoin is back above $65,000 as U.S. and Iran hold fire. Oil drops 5%
ETH outperforms BTC, hinting at potential altcoin rally, as the U.S. and Iran hold fire and oil drops.
Saylor and team overhaul Strategy's bitcoin metrics as bear market persists
New framework gives common shareholders a clearer view of net bitcoin exposure after preferred stock and convertible debt obligations
A $5 billion cluster has formed in bitcoin options. It tells a bullish story
Bitcoin's $70,000 and $72,000 call strikes on Deribit have accumulated nearly $5 billion in open interest, with calls outnumbering puts by a significant margin.
Poolin was bitcoin's biggest mining pool and now it's filing for bankruptcy
The Singapore-based company once controlled nearly a fifth of Bitcoin's global hashrate. Now it owes $173 million and is selling off what's left.
Bitcoin treasury companies sell up, repay debt, pivot to AI as share prices collapse
Falling share prices, debt obligations and difficult market conditions are forcing former bitcoin accumulators to sell their holdings and restructure operations.
