Riot Platforms (RIOT) surged more than 20% before the start of U.S. equity trading on Tuesday after the bitcoin BTC$63,569.45 miner said it signed a $9.1 billion deal with “a leading frontier AI lab,” accelerating its transformation into a provider of infrastructure for the artificial intelligence industry. The 20-agreement with the company, identified as Anthropic […]

Bitcoin treasury firm Strategy (MSTR) had raised $108.6 million last week through the sale of 1,690 bitcoin and an additional $653.1 million from the sale of 6.59 million shares of common stock, according to a Monday filing. The company used the bitcoin sale proceeds to repurchase 1,152,020 shares of its variable-rate preferred stock, STRC, for […]

Hedge funds trading bitcoin BTC$65,021.74 futures on the Chicago Mercantile Exchange have turned net long, according to Ki Young Ju, CEO of blockchain data analytics firm CryptoQuant. The rare positioning shift suggests professional traders are increasingly betting on bitcoin prices rising. “Hedge funds on CME have flipped net long on bitcoin futures, a rare shift […]

The U.S. labor market showed weakness for the second consecutive month in July, possibly giving the Federal Reserve room to hold rates in place despite high inflation. According to the government’s Nonfarm Payrolls Report released Friday morning, the U.S. lost 23,000 jobs last month. That was far below the consensus expectation of a gain of […]

The fallout from the Coldcard security breach is now surfacing on-chain. According to Glassnode data, roughly 210,000 BTC have moved out of long-term holder (LTH) wallets over the past week, the largest decline since December 2024, when bitcoin approached $100,000 for the first time. Glassnode classifies long-term holders, or LTHs, as entities whose coins have […]

Sandisk (SNDK) and Western Digital (WDC), two of the biggest beneficiaries of the AI storage boom, were both 10% lower in pre-market trading Thursday, despite reporting strong quarterly results. Sandisk posted record fourth-quarter revenue of $8.97 billion and non-GAAP EPS of $39.25, comfortably beating expectations. Western Digital also delivered a double beat, reporting revenue of […]

Strategy’s (MSTR) perpetual preferred stock, Stretch (STRC), has risen more than 30% from its June low. It is currently trading around $94, after gaining another 1% on Wednesday. STRC bottomed in late June around $71 as bitcoin fell below $60,000. Since then, Strategy has sold 5,226 BTC for $321 million across three separate transactions, reducing […]

A week on, nearly 90% of the stolen coins remain unmoved onchain, confirmed attacker addresses have been shared with U.S. federal law enforcement and Toronto-based Coinkite has patched every affected device line. A volunteer team funded by OpenSats scanned more than 150 open-source repositories and found no evidence the problem extended beyond Coldcard. The exploit […]

Bitcoin has traded between $60,000 and $67,000 for several weeks, making $63,000 one of the most heavily supplied price areas. The only larger concentration sits between $78,000 and $82,000, where bitcoin topped out in May. Glassnode’s Entity-Adjusted UTXO Realized Price Distribution (URPD) shows how much bitcoin supply last moved within each price band, with each […]

U.S. Treasury Secretary Scott Bessent confirmed Sunday that the U.S. joined Japan in coordinated foreign exchange intervention last Friday, calling it a move to counter “disorderly yen movements.” The USD/JPY pair almost hit 164 its weakest level since 1986 before snapping back to 156.5 on Monday. “We will not hesitate to participate in further joint […]