Oil Soars, Bitcoin Plunges as Trump Declares Iran MoU ‘Is Over’
USOIL just hit a two-week peak after Trump's latest statement.
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USOIL just hit a two-week peak after Trump's latest statement.
The post Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity appeared on BitcoinEthereumNews.com. A New York lawsuit seeking legal ownership of dormant Bitcoin wallets has narrowed after several listed addresses moved funds. Summary Noah Doe’s legal team dropped 44 wallets after on-chain activity challenged the abandonment claim. The removed wallets held 21,443 BTC when the lawsuit started, according to Galaxy’s Thorn. Related filings and amicus briefs argue dormant self-custody does not prove Bitcoin was abandoned. Galaxy Research head Alex Thorn said the plaintiffs in the “abandoned bitcoin” lawsuit dropped 44 of 39,069 listed defendants. The case was filed by “Noah Doe” and two Wyoming entities seeking title to long-dormant Bitcoin wallets. Thorn said every removed wallet had moved coins on-chain since the case was filed. “Every single one had moved coins onchain since the case was filed,” he wrote in a July 8 thread on X. Meanwhile, the lawsuit asks the New York Supre
Noah Doe’s Bitcoin ownership lawsuit loses 44 wallets after on-chain moves challenge abandoned-property claims over Satoshi-era BTC.
The post The Stablecoin Ghost of 2022 Is Back to Haunt the Bitcoin Price appeared on BitcoinEthereumNews.com. The Bitcoin price keeps stalling, and one overlooked force helps explain it. The stablecoins that fund crypto buying are both shrinking and moving less, the same setup that preceded Bitcoin’s 2022 crash. Data from DeFiLlama and Dune shows the market’s cash pile draining just when buyers are needed most. On its own, that is a headwind. Pushed far enough, it has been a trigger. How a Thinner Cash Pile Slows Bitcoin Stablecoins are the cash of crypto. Traders park dollars in USDT and USDC, then use them to buy Bitcoin and other coins. When that pool grows, more money stands ready to buy. When it shrinks, buying power drains away. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. The record shows the drag. Since 2020, when the stablecoin supply was expanding, the Bitcoin price averaged a +5.2% gain over the next 30 days and +18.9%
Bitcoin's performance is pivotal for Strategy Inc.'s financial health, influencing market confidence and future dividend sustainability. The post Saylor: Bitcoin must appreciate over 3% annually to sustain Strategy dividends appeared first on Crypto Briefing.
The post Satoshi Ownership Lawsuit Fails – U.Today appeared on BitcoinEthereumNews.com. Debunking “dormancy” claims A flawed $10 valuation The laughingly audacious legal attempt to claim legal ownership over billions of dollars worth of early-mined Bitcoin, including the legendary fortune of Bitcoin creator Satoshi Nakamoto, is currently unraveling. According to updates shared by Alex Thorn, head of firmwide research at Galaxy, the pseudonymous plaintiffs behind the controversial “abandoned bitcoin” lawsuit have “just quietly dropped 44 of its 39,069 defendants” after on-chain data proved the wallets are actually active. Thorn noted that “every single one had moved coins onchain since the case was filed.” Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet Debunking “dormancy” claims As reported by U.Today, the lawsuit was recently filed in the New York County Supreme Court
The post 40% of Altcoins Trade Near Record Lows appeared on BitcoinEthereumNews.com. The post 40% of Altcoins Trade Near Record Lows appeared first on Coinpedia Fintech News Around 40% of altcoins are trading at less than 25% of their all-time highs, according to the source, highlighting continued weakness across the broader cryptocurrency market. The figure reportedly rose to 45% when Bitcoin fell below $60,000 in late June. The trend suggests many smaller cryptocurrencies continue to struggle despite recent market rebounds. Investors will … Source: https://coinpedia.org/crypto-live-news/40-of-altcoins-trade-near-record-lows/
The post Saylor: Bitcoin Needs Just 3.3% Annual Growth for Strategy to Fund STRC Dividends ‘Indefinitely’ appeared on BitcoinEthereumNews.com. Key Takeaways Saylor says BTC gains can fund STRC dividends forever if bitcoin appreciates faster than 3.3% annually. Strategy’s BTC Breakeven ARR has climbed from about 2.05% as preferred dividend obligations near $1.5B a year. Strategy sold 3,588 BTC for $216M in early July to cover payouts, its largest sale since abandoning ‘never sell.’ Speaking His Mind, as Always Michael Saylor is once again playing professor, taking to X to air his thoughts regarding MSTR yesterday: “One of the most misunderstood MSTR metrics is BTC Breakeven ARR. If BTC appreciates faster than 3.3% over time, BTC capital gains can fund STRC dividends indefinitely.” Image source: X Critics argue the company’s growing stack of preferred stock dividends will eventually force it to liquidate its bitcoin treasury. Saylor’s counter is arithmetic, i.e. as long as bitcoin’s long