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Publicly traded Fold sold Bitcoin holdings to restructure its balance sheet, fueling a stock surge on Wednesday morning.
Read full articleBTC traded down to nearly $60K as profitability collapsed, recent buyers fell deep underwater, and realized losses accelerated. Meanwhile, institutional demand weakened, treasury buying slowed, and options markets remained firmly defensive.
Bitcoin layer-two ( L2) network Botanix is winding down its operations after four years and has set a hard deadline of July 9, 2026, for users to withdraw their bitcoin and assets before remaining funds are permanently swept by the network’s federation. The Playbook Botanix Refused to Follow Bitcoin layer-two ( L2) network Botanix has […]
Litigation expert Thomas Braziel has questioned the Cardano Foundation on the 1,090 BTC it allegedly received after its predecessor, the Isle of Man foundation, was dissolved. This is said to have occurred around the Cardano ICO, with 108,000 BTC said to have been raised around the ICO event. Expert Questions Cardano Foundation Over 1,090 BTC […]
Both Realized Cap and aSOPR are pointing to the same conclusion: capital is leaving the Bitcoin network while forced selling at a loss dominates market behavior.
Fold Holdings has sold approximately $45 million worth of Bitcoin and eliminated all of its secured debt obligations as the fintech company prepares for a new round of product launches and expansion efforts. According to Fold, the Nasdaq-listed company liquidated…
BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.
Fold's debt clearance and growth funding enhance financial stability, but selling Bitcoin may limit future gains if prices rise significantly. The post Fold sells $45M in Bitcoin to wipe out debt and fund growth appeared first on Crypto Briefing.
The use of Bitcoin for transit fees in the Strait of Hormuz could influence global oil trade dynamics and impact cryptocurrency markets. The post First Gulf-to-Europe crude oil tanker since March is paying its way through the Strait of Hormuz in Bitcoin appeared first on Crypto Briefing.
