Bitcoin News

Bitcoin News

Markets

Bitcoin wilts as oil and rates rise. Clarity Act odds tumble to 38%

Geopolitical risks, rising rates, and fresh regulatory setbacks send crypto lower as key Democrats demand stronger safeguards in the market structure bill.

BTC's price. (CoinDesk)

Markets

Bitcoin rally faces key test at $68,000 as 'summer slumber' grips crypto, analysts say

BTC has rebounded 15% from the July lows, but some analysts cautioned that the next move hinges on clearing a level where many recent buyers may look to sell.

Bitcoin price chart (TradingView)

Tech

Galaxy sets up $5 million fund to help shield Bitcoin against quantum computing threats

The crypto financial services firm is funding developers to strengthen the blockchain's security before quantum computers become powerful enough to steal billions in crypto.

Abstract image to denote quantum computing. (Vishal Bansal/Unsplash)

Finance

Jack Mallers steps down as XXI Capital CEO as Tether's plans to merge three bitcoin firms falls

The proposed three-way merger between Twenty One Capital, Mallers' Strike, and Elektron Energy has been abandoned.

Jack Mallers (CoinDesk TV)

Videos

AI shock spares Bitcoin, Wall Street moves on-chain, and leveraged crypto ETFs explained

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Ben Emons, Founder and Chief Investment Officer of FedWatch Advisors, to break down the market fallout from Moonshot AI's Kimi K3 and why the Fed is now actively debating rate hikes rather than cuts ahead of the August 7th CLARITY Act deadline. Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC, explains how the firm moved tokenized securities into live production and outlines DTCC's role as an institutional multi-chain orchestrator ahead of a full commercial launch. The conversation turns to ETF flows, where Bitcoin funds finished last week with $76 million in net inflows despite a $425 million outflow on Monday alone, and Ethereum ETFs outpaced Bitcoin inflows led by $135 million into BlackRock's ETHA. Finally, Bilal Little, Global ETF Strategist at Direxion, unpacks the debut of BTCU and EVMU — the industry's first 2x leveraged spot Bitcoin and Ether ETFs — explains why an ETF wrapper beats margin on a crypto exchange for retail traders, and responds to Bloomberg ETF analyst Eric Balchunas's thesis that Bitcoin ETFs will mirror gold's 22-year "triumph and pain" trajectory. The episode closes with the Fear and Greed Index at 29.

AI shock spares Bitcoin, Wall Street moves on-chain, and leveraged crypto ETFs explained

Finance

Saylor's Strategy raises cash reserves to $3.2 billion, leaving bitcoin holdings unchanged

For the second consecutive week, the firm kept bitcoin holdings steady, choosing to use the raised capital to boost cash for paying dividends on its preferred stock.

Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))

Markets

Bitcoin ETFs see new money again, but inflows remain ‘peanuts’ relative to the recent exodus

Bitcoin ETFs have attracted $273 million in new inflows in two weeks, but the total is barely enough to cover a single "slow" week of recent selling.

crypto currency exchange chart tablet screen calculator. (Jakub Żerdzicki/Unsplash)

Tech

Bitcoin's biggest advocate, Michael Saylor, says new plan to clean up the blockchain is 'a bad idea'

Michael Saylor argues that a new proposal, BIP-110, to temporarily block "spam" data from the Bitcoin blockchain would undermine the network's neutrality and create a dangerous precedent for censorship.

Strategy's Michael Saylor (Jason Koerner/Getty Images)

Tech

DOG Mode explains Bitcoin's next governance fight

Leonidas' DOG Mode client challenges Bitcoin's default relay policies, reopening a philosophical debate over censorship, free markets and who really governs the network.

Bitcoin Logo

Markets

Massive bitcoin call spreads target $72,000 by month end, right when the Fed meets

Large traders are betting on a BTC price rise to $72,000 by the end of the month, latest options market flow suggests.

Traders are pricing in $72,000 by end of this month for BTC. (Getty Images)