Author: James Wilson
A group of Bitcoin wallets dormant since 2014 has transferred 1,214.42 BTC worth about $86 million as the cryptocurrency traded near a weekly high of $72,400. Summary 28 dormant wallets transferred 1,314.41 BTC worth $94.03 million within 24 hours. 2014 wallets supplied 92.4% of the Bitcoin moved during the period. 21 transactions carried exactly 50 BTC from legacy wallets to newer address types. Arkham labels have not connected the receiving addresses to any known exchange. Dormant Bitcoin wallets move $94 million Bitcoin.com reported on Aug. 20, citing btcparser.com data, that 28 long-inactive wallets moved a combined 1,314.41 BTC between Aug.…
Coldcard has released firmware versions 5.6.1 and 1.5.1Q after a three-week security review, while warning that users with affected seed phrases must create new wallets and move their Bitcoin. Summary Firmware 5.6.1 covers Coldcard Mk4 and Mk5, while version 1.5.1Q applies to Q devices. New seed creation now requires key presses, dice rolls, or coin flips supplied by the user. Installing the firmware does not repair seed phrases created under affected versions. Coldcard advised users to verify the signed update before generating a replacement wallet. Coldcard firmware adds mandatory user entropy Coldcard said in an Aug. 20 post that the…
Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending. Summary Bitcoin-backed loans give long-term holders access to cash without requiring an immediate sale. Sahay said independent custody and zero rehypothecation can limit operational and counterparty risks. Borrowers still face interest charges, margin calls and liquidation when Bitcoin’s price falls. Celsius, BlockFi, and Genesis showed how opaque lending structures can leave customers exposed. Himanshu Sahay, co-founder and chief technology officer of Bitcoin-backed lending platform Arch Lending, told crypto.news that wealthy Bitcoin holders are increasingly using…
Wall Street did not wake up one morning and decide it liked Bitcoin. It woke up and realized the custody fees were too large to leave on someone else’s balance sheet. Summary Citigroup announced Custody+ on Aug. 18, folding Bitcoin into the same rails that hold $34.5 trillion in traditional assets, with a live launch expected before year end 2026. BNY Mellon, the world’s largest custodian at $59.4 trillion in assets under custody, already holds crypto for ETF issuers and expanded Bitcoin and Ethereum custody to Abu Dhabi in May 2026. Coinbase Custody manages $376 billion in institutional crypto assets…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SimpleSwap report finds Bitcoin sell-offs are drawing weaker stablecoin inflows as market fear loses its impact Summary Bitcoin’s February sell-off triggered a 600% surge in stablecoin inflows, while June’s deeper slide drew little safe-haven demand. SimpleSwap data shows Bitcoin’s stablecoin flow correlation flipped from -0.54 in Q1 to +0.18 from April to June. Swap activity reveals investors reacted far less to Bitcoin’s June drop, suggesting repeated market shocks may be losing their impact. Bitcoin fell 17.5% in February, and…
Bitcoin price extended its breakout to $72,490 on Aug. 20 after forced short covering pushed the price through its 200-day moving averages, but an overbought daily reading raises the risk of a pullback. Summary Bitcoin price climbed to an intraday high of $72,490 after breaking above $67,000. The price reclaimed its 200-day simple and exponential moving averages near $69,000. Daily RSI reached 78.7, placing Bitcoin firmly in overbought territory. Liquidation data show the rally cleared several large short-position clusters above $66,000. Bitcoin price breaks above its 200-day averages According to data from crypto.news, Bitcoin (BTC) price traded near $71,900 on…
US President Donald Trump gathered crypto industry executives and federal regulators at the White House on Wednesday, using the event to press Senate lawmakers toward passing the CLARITY Act. Officials from the Securities and Exchange Commission, the New York Stock Exchange, and the Commodity Futures Trading Commission attended alongside leadership from Coinbase, Kraken, and Robinhood. Trump tied the bill’s fate to broader competitive concerns, saying the country intends to stay ahead globally, not only in Bitcoin and crypto, but in prediction markets, artificial intelligence, and related fields. He praised the industry figures in attendance for building what he called the…
The U.S. Treasury doubled its long-end buyback operations on Aug. 19, compressing yields and triggering the largest single-day crypto rally since March. This is the plumbing story nobody else traced. Summary The U.S. Treasury announced it will at least double the maximum size of its liquidity support buyback operations for 10-to-20-year and 20-to-30-year nominal coupon securities from $2 billion to at least $4 billion per operation, effective Sep. 9 through Nov. 4, 2026. The 30-year Treasury yield fell from a 19-year high of 5.34% to 5.19%, a drop of roughly 15 basis points from the Tuesday peak and 9 basis…
Ripple CEO Brad Garlinghouse said cryptocurrency had moved beyond the fringes of American finance on Aug. 20, citing an industry-backed estimate that more than 67 million Americans own digital assets. Summary 67 million Americans own cryptocurrency, according to an NCA estimate developed with Harris Poll research. Garlinghouse cited the estimate after attending a White House meeting with senior financial regulators Thursday. The survey questioned 10,000 existing cryptocurrency holders, rather than a representative sample of all adults. 63% of surveyed holders reported greater interest in using cryptocurrency during 2026 than during 2025. The SEC separately proposed two registration exemptions for certain…
Core Scientific’s transformation from bankrupt Bitcoin miner to U.S. artificial intelligence infrastructure provider accelerated during the second quarter of 2026. Summary Core Scientific reported 1.1 gigawatts leased, representing over $24 billion in total potential contracted revenue. Second-quarter colocation revenue reached $136.7 million, while self-mining revenue declined to $21.5 million during 2026. AMD agreements cover five sites and 530 megawatts, with deployments scheduled to begin during 2027. Core Scientific spent $954.2 million on capital expenditures during 2026’s first six months, filings show. Long-term debt reached approximately $4.3 billion as AI construction increased financing needs and execution risks. The company reported approximately…