Crypto News
Cryptocurrency news covering Bitcoin, Ethereum, and altcoins. Track crypto prices, blockchain developments, DeFi trends, and regulatory updates.
Bitcoin ETFs See Shift in Outflows as BlackRock and Fidelity Lead Selloff
U.S. spot bitcoin ETFs saw $1.16 billion in outflows over two days, led by BlackRock and Fidelity, as bitcoin tests $60,000 support amid inflation and options expiry.
Shuttle Pharma Soars on Dogecoin Mining Entry; Volume Spikes 70x
Shuttle Pharmaceuticals jumped 27% on news its United Dogecoin unit bought miners and secured a hydroelectric site, with volume surging 70x.
Strategy's STRC Preferred Stock Plunges, Signaling Bitcoin Funding Stress
Strategy's STRC preferred stock sank 26% to $73.68, far below its $100 par value, as a $13.4 billion unrealized bitcoin loss drove its effective yield to 15.6%, signaling investor concern over funding pressure.
Polymarket Hack Exposes Frontend Risks Amid ICE's $2B Investment Plan
Polymarket will fully refund users after a third-party vendor hack drained nearly $3 million from fewer than 15 accounts, shifting security focus from smart contracts to frontend vulnerabilities as ICE plans a $2 billion investment.
Polymarket Hack Tests ICE-Backed Platform's Security
Polymarket will refund users after a $3M hack from a compromised third-party vendor, highlighting frontend security risks as ICE eyes a $2B investment.
Bitcoin Tests $59.5K Support as ETF Outflows Surge, Options Expiry Looms
Bitcoin slipped to $59,498 after hitting a low of $58,189, as U.S. spot bitcoin ETFs saw $469M in net outflows on June 24, led by IBIT and FBTC. A $10.2B options expiry on Deribit adds pressure.
Bitmine Stock Slides as Ether Decline Slashes Crypto Holdings Value
Bitmine (BMNR) shares fell 4.4% to $13.40 as ether's decline reduced its ETH holdings by $921M, trading 19% below adjusted asset value.
MARA Holdings Slips on Dilution Concern Despite Bullish AI-Powered Outlook
MARA Holdings fell 3% after shareholders approved an 18 million share increase, raising dilution concerns. A bullish analyst target of $24 based on AI power demand couldn't offset the uncertainty.
Strategy's STRC Dividend Needs Shift Focus from Bitcoin Buys
Strategy (MSTR) stock fell 5.7% after raising $335.5M in new shares but using only $34.9M for bitcoin, as the market focused on its $1.4B cash reserve to cover STRC dividends.
Crypto App Fomo Raises $75M at $550M Valuation, Sparking Concerns Over High Multiples
Fomo's $75 million Series B at a $550 million valuation implies $880 per user, raising questions about private-market exuberance as crypto trading faces cyclical headwinds.
Bitmine Stock Slides 7% as Ether Decline Pressures $10.7B Crypto Holdings
Bitmine stock dropped 7.3% as ether slid 5.1%, threatening the value of its massive $10.7B crypto treasury. The company warned of risks to asset values and capital-raising ability.