Bitcoin News
Bitcoin (BTC) is a peer-to-peer cryptocurrency, originally described in a 2008 paper by the pseudonymous Satoshi Nakamoto. Launched in January 2009, it was the world’s first cryptocurrency, and remains the most popular, with the highest market capitalization of all cryptocurrencies.
Bitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.
A Tennessee man has been indicted on federal charges stemming from an alleged cryptocurrency investment fraud that bilked investors across the country out of millions of dollars, the Justice Department announced Friday.
Misam M. Abidi, 47, of Nolensville, Tennessee, faces an 11-count federal indictment accusing him of running a fraudulent crypto investment firm called Star Credit Holdings between 2020 and 2024.
Prosecutors allege Abidi used a web of false promises to lure in investors. Among the...
The crypto market has taken a heavy beating since Bitcoin notched all-time highs eight months ago, though it’s likely past its nadir, according to Standard Chartered’s Geoff Kendrick.
The investment bank’s global head of digital asset research posited in a Friday note that Bitcoin’s recent fall to nearly $59,000 marked crypto winter’s most frigid conditions—representing a 53% drawdown from its peak price of $126,000 in October.
“I think we have now seen the low in crypto asset prices,” he wrote....
Video game retailer GameStop has kept nearly all of its Bitcoin tied up in options contracts that trade away potential price gains for upfront cash, renewing the arrangement with crypto exchange Coinbase after an earlier batch expired in late May.
GameStop laid out the arrangement in a quarterly filing submitted to the Securities and Exchange Commission on Thursday, covering the three months through May 2 this year.
It’s worth noting those coins no longer count as a direct holding and now sit a...
Japanese Bitcoin treasury company Metaplanet is acquiring securities firm Siiibo for $13 million to develop and distribute Bitcoin-linked yield products directly to Japanese investors, marking its expansion beyond simple Bitcoin accumulation into active financial product development.
The acquisition target, Siiibo Securities, holds a Type 1 Financial Instruments Business license and pioneered Japan's online corporate bond market, supporting more than 100 bond offerings for over 40 companies. Fol...
The initial public offering for Elon Musk's SpaceX on Friday has collided with crypto markets in an unexpected way. The $75 billion raise for the largest IPO in U.S. history will mark a milestone for traditional equities while serving as a direct stress test for crypto liquidity.
That intersection is most visible on Hyperliquid, where pre-IPO perpetual contracts on SpaceX (SPCX) have amassed over $240 million in open interest and $220 million in 24-hour volume, making it the eighth-largest asset...
Coinbase's quantum advisory council is urging blockchain developers to begin preparing for a post-quantum future now, arguing that the technical work of upgrading Bitcoin, Ethereum, and other networks shouldn't wait for consensus on what to do with vulnerable or abandoned coins.
In a new report released Thursday, the council identified one of the most contentious questions facing the industry of what happens to the cryptocurrency whose owners never migrate to quantum-safe addresses.
“No quantum...
Nakamoto Inc., the Nashville-based Bitcoin company that operates a BTC treasury and runs Bitcoin Magazine, said Thursday that it sold some of its Bitcoin to shore up its balance sheet through a series of debt reduction and refinancing transactions, while also authorizing a $25 million share buyback program.
The company reduced its outstanding debt by $45 million and extended roughly 105 million USDT of principal to June 2027. To fund the paydown, Nakamoto sold approximately 600 BTC and related d...
Two individuals allegedly responsible for the laundering of more than $389 million worth of Bitcoin for the AudiA6 crypto money laundering organization were arrested and charged in the Republic of Georgia on Wednesday.
The pair, Ruslan Igorevich Tkachuk, 37, and Alexander Vladimirovich Ledenev, 25, were both charged with one count of conspiracy to launder monetary instruments and one count of sting money laundering as part of an international takedown of the AudiA6 organization, the U.S. Attorn...
The crypto market outlook remains gloomy as spot Bitcoin ETFs continue to bleed against a challenging macroeconomic and geopolitical backdrop.
Bitcoin ETFs have shed $2.1 billion in June so far, pacing May’s $2.4 billion outflows, according to SoSoValue data. Wednesday’s $214 million outflow shows the trend remains intact even after the June 4 inflow blip broke the 13-day losing streak that drained roughly $4.4 billion from these products.
Since May 10, the total net assets have declined by roug...
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.
GM!
Today’s top news:
Crypto majors rebound 2-3% from lows; BTC back to $63k
Citadel warns of AI token spend dropping ahead of SpaceX IPO
Tether leads $1.4B round for robotics company Neura
Mastercard launches AI Agent...
Nepal banned crypto, but crypto did not leave Nepal.
In a report released Tuesday, the International Monetary Fund (IMF) flagged growing crypto adoption in Nepal despite a legal ban and urged authorities to monitor the sector closely to protect financial stability and curb illicit flows.
"Flows of stablecoins and unbacked crypto assets grew markedly between 2019 and 2024, although adoption remains modest relative to peers, despite legal prohibition on crypto transactions," the IMF wrote, adding...
South Korean police have booked Bithumb CEO Lee Jae-won on suspicion of bribery for allegedly hiring the relative of a local lawmaker.
According to reports in local media, the alleged scheme centers on National Assembly member Kim Byung-ki, an independent lawmaker who served on the Political Affairs Committee overseeing financial regulation.
Kim allegedly requested the Bithumb CEO hire his second son during a November 2024 restaurant meeting in Seoul's Mapo district. His son joined Bithumb in J...
Botanix asked users to withdraw funds on Wednesday, disclosing plans to wind down its Bitcoin-based layer-2 network less than a year after it debuted.
The project, which combined elements of Ethereum’s design with crypto’s oldest network, warned users that their funds would become unrecoverable after July 9. At the same time, Botanix shared a lengthy postmortem on its DeFi push in an X post.
Previously billing its network as a way for users to trade, lend, borrow, and stake “all in Bitcoin on B...
As Bitcoin fell below $60,000 last week for the first time since 2024, it may have moved closer to finding a bear market bottom—but there is not enough demand to sustain price growth, according to a new report from analytics firm CryptoQuant.
According to the firm, one of the most important markers for Bitcoin is its realized price, or the average cost basis for all market participants. As it stands, CryptoQuant puts that marker around $53,600, about 13% below BTC’s current trading price aroun...
Instant crypto swaps have become one of the most popular ways to exchange digital assets, allowing users to convert one crypto into another in minutes, often directly from a self-custody wallet without depositing funds onto an exchange.
As the habit spread, the places offering crypto swaps have multiplied: centralized exchanges bolted one-click "convert" tools onto their apps, decentralized exchanges opened up on-chain swaps, and non-custodial aggregators have built their entire business around...
Consumer prices rose at their fastest annual pace in three years, inflation numbers released on Wednesday showed, supporting expectations that the Federal Reserve will maintain a restrictive policy stance and potentially put further pressure on crypto prices.
The Consumer Price Index rose 4.2% in May from a year earlier, the U.S. Bureau of Labor Statistics said on Wednesday. The increase, which was in line with economists’ expectations, marked the third straight month in which inflation’s annua...
Fold Holdings, the Phoenix-based fintech company that lets consumers earn and spend Bitcoin through everyday financial products, announced Wednesday it has eliminated all of its secured debt and freed up $25 million in fresh capital by selling some of its BTC holdings. The firm’s share price more than doubled after the opening bell, following the announcement.
The Nasdaq-listed firm liquidated roughly $45 million worth of Bitcoin at an average price of about $71,000 per coin, used $20 million o...
Delaware lawmakers on Tuesday voted to advance House Bill 441, legislation that would establish a total ban on cryptocurrency kiosks throughout the state.
The bill's sponsors framed the ban as necessary consumer protection against “predatory” practices.
Representative Cyndie Romer, Chair of the House Technology & Telecommunications Committee and sponsor of the legislation, argued that "these kiosks reduce digital currency to a predatory cash grab," highlighting the stark fee disparities between...
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.
GM!
Today’s top news:
Crypto majors fall 2-4% ahead of CPI this morning; BTC at $61.6k
Claude releases Mythos (Fable 5) but cybersecurity features widely nerfed
Morpho raises $175M backed by a16z & Paradigm to build ou...
The crypto market’s 2026 drawdown, driven by Bitcoin's lackluster performance, has weighed heavily on most altcoins—borne out by on-chain data.
Nearly half of Bitcoin’s circulating supply was in profit at the cycle peak. That has dropped sharply, with over 8 million BTC sitting underwater, “highlighting the scale of the recent market reset,” Glassnode posted Tuesday.
A similar conclusion can be drawn for Ethereum, the second-largest cryptocurrency by market capitalization. “The share of Ethereu...
