Crypto Currency

COPA Pushes for Criminal Action Against Satoshi Claimant

Reading Time: 2 minutes The Cryptocurrency Open Patent Alliance (COPA) has requested that Craig Wright face criminal action over what they see as fraud perpetrated on the court COPA has accused Wright of industrial-scale forgery, urging Justice Mellor to forward the file to the public prosecutor following his judgment This action could see Wright face

Reading Time: 2 minutes The Cryptocurrency Open Patent Alliance (COPA) has requested that Craig Wright face criminal action over what they see as fraud perpetrated on the court COPA has accused Wright of industrial-scale forgery, urging Justice Mellor to forward the file to the public prosecutor following his judgment This action could see Wright face charges of trying to pervert the course of justice The Cryptocurrency Open Patent Alliance (COPA) has asked that the judge in its case against Satoshi Nakamoto claimant Craig Wright be handed to the Director of Public Prosecutions (DPP) for potential criminal action once the ruling is handed down…
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Crypto Currency

Bitcoin Stablecoin Liquidity Signals Caution as Binance Reserve Slides

TLDR: Binance holds $41.2B in USDT, but the ERC-20 book is at the 23.5th percentile of its 30-day range. Combined 30-day USDT netflows across ERC-20 and TRC-20 at Binance total approximately -$1.27 billion.  The MA7 flipped to +$120M on June 5 before cooling to neutral by June 8…

TLDR: Binance holds $41.2B in USDT, but the ERC-20 book is at the 23.5th percentile of its 30-day range. Combined 30-day USDT netflows across ERC-20 and TRC-20 at Binance total approximately -$1.27 billion.  The MA7 flipped to +$120M on June 5 before cooling to neutral by June 8…
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Crypto Currency

Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase

TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility

TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility […]
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Crypto Currency

BlackRock and Fidelity Dominate U.S. Bitcoin ETF Flows

TLDR BlackRock’s IBIT and Fidelity’s FBTC account for the majority of recent U.S. spot Bitcoin ETF inflows. On January 14, IBIT and FBTC captured over 90% of the $840.6 million total inflows. Similar concentration appeared on April 17 and May 1, with the two funds absorbing most new capital…

TLDR BlackRock’s IBIT and Fidelity’s FBTC account for the majority of recent U.S. spot Bitcoin ETF inflows. On January 14, IBIT and FBTC captured over 90% of the $840.6 million total inflows. Similar concentration appeared on April 17 and May 1, with the two funds absorbing most new capital…
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Crypto Currency

Bitcoin miner margins fall to record low: Will BTC’s $60K floor hold?

Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…

Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…
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