New data is providing a clearer picture of how January’s US winter storm affected Bitcoin mining operations, showing that daily production among publicly traded miners dropped sharply during the disruption. The storm swept across large parts of the continental United States, prompting miners to curtail operations amid grid stress, snow, ice and extreme cold, and…
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Bitcoin’s sharp decline over the weekend has likely pushed the aggregate investor position in the largest spot Bitcoin exchange-traded fund (ETF) into negative territory, underscoring the severity of the recent downturn. According to Bob Elliott, chief investment officer at asset manager Unlimited Funds, the average dollar invested in BlackRock’s iShares Bitcoin Trust (IBIT) is now…
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Bitcoin’s sharp reversal this week has pushed it outside the world’s 10 largest assets by market capitalization, underscoring how difficult price action has been in recent months as markets continue to digest the cryptocurrency industry’s largest forced liquidation on record. Hovering around $83,000 per coin, Bitcoin’s (BTC) market capitalization has slipped to about $1.65 trillion,…
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Laser Digital, a full-service digital asset company backed by Japanese financial group Nomura, has reportedly filed for a US national bank trust charter, signaling that crypto-focused companies are seeking deeper integration into the US financial system amid a more permissive regulatory environment. Citing sources familiar with the matter, the Financial Times reported Tuesday that Laser…
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Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs. On Thursday, Bitwise unveiled the Bitwise Proficio Currency Debasement ETF, which trades on the NYSE under the ticker BPRO.…
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Social media buzzed this week after Bitcoin blocks 932129 and 932167 were mined without an immediately visible pool tag, prompting speculation that a solo miner had struck it rich, a familiar “Bitcoin lottery” narrative that briefly captured the market’s attention. The excitement, however, had less to do with the blocks themselves than with what their…
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Bitcoin’s price climbed back above $97,000 this week, supported by a sustained return of capital into US spot Bitcoin exchange-traded funds, data and market watchers say, suggesting a structural shift in demand after months of sideways trading. Since the start of the year, US spot Bitcoin (BTC) ETFs have collectively attracted nearly $1.5 billion in…
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2025 proved disappointing for many cryptocurrency investors, as Bitcoin’s traditional four-year cycle delivered a more muted rally that failed to spill over into the broader altcoin market. According to crypto market maker Wintermute, the shift reflects a structural change rather than a temporary pause, leaving any recovery in 2026 dependent on several uncertain factors. In…
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Credit rating company Fitch Ratings has flagged a high degree of risk associated with Bitcoin-backed securities, a warning that could complicate the expansion of crypto-linked credit products among institutional investors. In a Monday assessment, Fitch said Bitcoin-backed securities, financial instruments typically structured by pooling Bitcoin (BTC) or Bitcoin-linked assets and issuing debt against that collateral,…
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With a markup event on legislation to address digital asset market structure scheduled for next week, representatives from cryptocurrency companies are expected to fly into Washington, D.C., and some will engage with lawmakers on the bill. Speaking with Cointelegraph on Tuesday, Cody Carbone, CEO of crypto advocacy organization The Digital Chamber, said it was “possible,…
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