Bitcoin News

Bitcoin News

Tech

Bitcoin’s hash rate dwarfs top 100 supercomputers by 600k times, says Bittensor co-founder

Ala Shaabana explains how using Bitcoin network’s coordinate-and-reward playbook can bust open corporate monopolies on AI.

Bittensor co-founder Ala Shaabana (Olivier Acuna/CoinDesk)

Markets

Bitcoin set for 'choppy summer' as capital chases high-flying AI stocks, K33 says

The firm still views bitcoin as undervalued relative to equities, but says investors are rotating into AI stocks as the opportunity cost of missing gains by holding BTC is too high.

Ship on turbulent waters. (Pixabay)

Finance

Bitcoin faces an 'identity crisis' and DeFi devs need to stop acting like tech bros

Solstice Labs CEO Ben Nadareski says developers must act like financial managers to win back institutional trust amid ongoing security exploits.

Ben Nadareski (Olivier Acuna/CoinDesk)

Markets

Strategy's bitcoin sale may mark start of ether outperformance, StanChart's Kendrick says

ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank's digital asset research head said.

Tom Lee and Michael Saylor at Consensus (CoinDesk)

Markets

Live markets: bitcoin loses $67,000 level in Tuesday plunge, putting February's lows back in play

Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).

Bear. (geralt/Pixabay

CoinDesk News

Bitcoin ETF outflows are noise as Wall Street doubles down on crypto, says analyst

Recent Bitcoin ETF outflows look dramatic in headlines, but Bloomberg Intelligence's Eric Balchunas says the broader adoption story remains intact.

eric balchunas

Markets

Bitcoin derivatives markets flashing warning signs as price plunges below $70,000

Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.

CoinDesk

Markets

Tom Lee calls Strategy's bitcoin sale classic 'bottom behavior'

Bitmine Immersion Technologies chairman said minor sales from key holders and institutional outflows are typical market bottom behaviors rather than structural threats.

Tom Lee (Olivier Acuna/CoinDesk)

Markets

Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing

U.S. spot bitcoin funds bled cash for 11 straight sessions through Monday, the longest redemption streak since their 2024 launch, as risk dollars rotated toward an AI-led equities rally.

A brown bear sits on the ground (LTapsaH/Pixabay)

Videos

Strategy sells Bitcoin for the first time in 4 years

Strategy sold 32 bitcoin between May 26 and May 31 at an average price of $77,135. Proceeds will fund distributions on its preferred stock. The news pushed bitcoin under $72,000. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

Strategy sells Bitcoin for the first time in 4 years