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Bitcoin News
Livebitcoinnews
1w
292
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ASIC Sues Blockchain Executive Over Disappearance of $20M
- ASIC has filed a legal action against Liang Guo, a former director of Blockchain Global, for misusing over $20 million from customers at ACX Exchange.
- ACX Exchange, overseen by Blockchain Global between 2016 and 2019, shut down in late 2019, leaving $20 million owed to former customers as part of a $58 million debt to unsecured creditors.
- ASIC began investigating Blockchain Global in January 2024 after concerns were raised by liquidators, revealing financial irregularities where customer funds were misappropriated for personal gain.
- Liang Guo, accused of moving funds for personal use and facing allegations of violating the Corporations Act, left Australia in September 2024 after ASIC blocked his passport due to suspicions related to the collapse of ACX Exchange.
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Coindoo
1w
114
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GameStop CEO: “Bitcoin Is Better Than Gold” — Explains $500M BTC Purchase
- GameStop's CEO Michael Burry explained that Bitcoin is better than gold and highlighted its advantages such as portability, instant transferability, easy verification via blockchain, and digital storage without the need for physical infrastructure.
- The strategic move by GameStop to invest $500 million in Bitcoin signifies a historic shift in their treasury strategy, positioning the company for the digital future. This move reflects the company's transition from a traditional retailer to an innovation-forward entity.
- The investment in Bitcoin is part of GameStop's broader strategy to align itself with the next generation of finance and value storage, showcasing belief in the cryptocurrency's asymmetric upside. This decision follows the trend of increasing corporate adoption of Bitcoin as a strategic treasury asset.
- GameStop's move to choose Bitcoin over gold, as explained by CEO Michael Burry, may influence other legacy firms to consider similar investments, especially those undergoing digital transformation.
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Bitcoinist
1w
347
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Old Bitcoin Wakes Up As 1y–5y Holder Activity Spikes – What Are LTH Signaling?
- Bitcoin recently reached an all-time high of $112,000 and is now trading just below this level, maintaining support at $106,000.
- Older Bitcoin holders are becoming more active, with a surge in spending by 1-year to 5-year holders, indicating potential market shifts and increased confidence.
- Bitcoin's resilience as a hedge asset amidst global economic uncertainties is highlighted by positive market sentiment and on-chain signals supporting the bullish outlook.
- BTC is facing a crucial test as it consolidates near its all-time high, with a need to surpass $112,000 to confirm a new bullish momentum and potentially target $120,000 and beyond.
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Livebitcoinnews
1w
309
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Ripple Challenges SEC with New Crypto Classification Framework
- Ripple proposes a token maturity test for clear SEC regulations.
- Issuer commitments should make tokens not securities, according to Ripple.
- Network maturity, not decentralization, should guide crypto regulation.
- Ripple suggests a framework to determine when digital assets are not securities.
- The proposal aligns with Commissioner Hester Peirce's 'New Paradigm' speech.
- The framework aims to clarify rules for cryptocurrencies like XRP.
- Ripple's Token Maturity Framework focuses on fulfilled promises and lack of suing rights for token holders.
- Ripple challenges vague SEC terms and emphasizes measurable factors like network status and governance.
- The proposal aims to prevent regulatory confusion and foster innovation in the crypto sector.
- Ripple advocates for a clear set of standards for digital assets established by Congress.
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Cryptopotato
1w
139
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Cynthia Lummis Says US Military Leaders Support Bitcoin Reserve
- U.S. Senator Cynthia Lummis stated that American military generals are in support of a strategic Bitcoin reserve.
- Military leaders understand the importance of economic power alongside military power, according to Lummis.
- President Donald Trump supports Lummis' Strategic Bitcoin Reserve Act, aiming to add up to 1 million BTC to the U.S. Treasury over five years.
- There is growing support for Bitcoin reserves at both state and global levels, with countries like the United Arab Emirates and the Czech Republic also exploring similar initiatives.
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Coindoo
1w
105
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Vice President J.D. Vance: “Bitcoin Is Here to Stay and Part of the Mainstream Economy”
- Vice President J.D. Vance emphasized that Bitcoin is a core part of the modern economic system and is here to stay.
- There is a growing demand for clear regulatory frameworks and government support for the digital asset space from both retail and institutional investors.
- Vance aims to end the fear surrounding digital assets in the financial system and promote economic inclusion through policy reform.
- This shift in perspective may indicate a turning point for U.S. crypto policy, with increasing recognition of Bitcoin's role in the economy.
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Coindoo
1w
347
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Fast Food Giant Embraces Bitcoin Payments Globally via Lightning Network
- Steak ‘n Shake announced at the Bitcoin 2025 Conference in Las Vegas its adoption of Bitcoin payments globally via the Lightning Network.
- The company launched its Bitcoin payment system on May 16 using the Lightning Network for fast, low-cost transactions, encouraging wider BTC usage.
- On the first day, the fast food giant accounted for 1 in 500 Bitcoin transactions globally, fueled by customer excitement for digital currency payments.
- This move by Steak ‘n Shake signifies a push for Bitcoin to be integrated into mainstream consumer commerce, setting a precedent for other chains.
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Livebitcoinnews
1w
339
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Whales Bet on Web3 ai as XRP and Stellar Rally in Bullish Altcoins Wave
- Whales are showing strong interest in Web3 ai's presale, attracted by a potential ROI of 1747% and the upcoming launch of AI crypto tools.
- XRP and Stellar are experiencing bullish activity, with XRP's price near $2.34 and Stellar's trading volume surging 16%.
- XRP price structure is gaining attention with CME futures live and speculation about a potential ETF, while Stellar's trading volume indicates a possible breakout.
- Web3 ai, priced at $0.000383, is drawing attention from whales anticipating a $4 narrative, as they believe in its utility and future prospects.
- Whales are quietly accumulating $WAI tokens during the presale stages, positioning for the launch of AI tools that will be powered by the token.
- The presale for Web3 ai runs through 50 stages, offering opportunities for early investors to benefit from potential gains as the platform's real utility comes into play.
- XRP price structure is reinforced by the launch of CME futures and ongoing ETF speculation, with potential targets ranging from $5 to $27.
- Stellar's trading volume surge and XLM's potential breakout above $0.30 are signaling a strong rally might be on the horizon for the token.
- Web3 ai presents an early opportunity for investors looking to capitalize on the future potential of AI tools and a projected $4 target for the $WAI token.
- Investing in Web3 ai early on could be a strategic move, as analysts suggest it offers a chance to secure gains before the token's value surges.
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Livebitcoinnews
1w
135
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3 Best ROI Cryptos Right Now: Why Nexchain, TAO, & NEAR Are On Fire in 2025
- In 2025, Nexchain, TAO, and NEAR are emerging as promising cryptocurrencies, focusing on scalability and utility in blockchain innovation.
- Nexchain is highlighted as one of the best crypto presales to consider in 2025, featuring AI-layered infrastructure and real-world use cases.
- TAO shows strong bullish signs in technical analysis with a focus on decentralizing AI, presenting a potential growth phase.
- NEAR Protocol demonstrates momentum rebounding from key levels, showcasing upgrades for speed and efficiency, with further upside potential.
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8 Likes
TheNewsCrypto
1w
330
GameStop Acquires $513M in Bitcoin, Joins Growing List of Corporate BTC Holders
- GameStop has acquired 4,710 Bitcoin valued at approximately $513 million, funded by a $1.5 billion convertible note offering.
- This marks GameStop's first confirmed Bitcoin investment since announcing its intent to adopt Bitcoin as a treasury reserve asset.
- The company's move mirrors a growing trend among public companies shifting reserves into Bitcoin for investment and treasury management.
- Following the announcement, GameStop stock initially surged but later reversed course, experiencing fluctuations in value amidst the crypto adoption news.
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Bitcoinmagazine
1w
194
GameStop CEO Ryan Cohen Announced Acquisition of Over $505 Million Bitcoin
- GameStop CEO Ryan Cohen announced the acquisition of over $505 million in Bitcoin during the 2025 Bitcoin Conference in Las Vegas.
- Ryan Cohen mentioned that Bitcoin can serve as a hedge against global currency devaluation, explaining the company's decision to invest in the cryptocurrency.
- GameStop currently owns 4710 Bitcoin, with Cohen emphasizing the unique advantages of Bitcoin over gold, such as ease of securing and fixed supply.
- Cohen highlighted that GameStop's move to add Bitcoin to its balance sheets aligns with the company's strategic vision, emphasizing independence in decision-making.
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11 Likes
Livebitcoinnews
1w
372
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Ethereum Market Drop Sparks Caution, Dogecoin Trading Volume Climbs, But Unstaked’s 27x ROI Potential Grabs Spotlight
- Ethereum (ETH) market drop raises uncertainty after falling to $2,476 following failed $2,700 test, with whales selling 189,000 coins in a day.
- Dogecoin (DOGE) sees increased trading volume nearing $0.30 resistance, potentially signaling a breakout with questions on sustainability.
- Unstaked gains attention in presale at $0.009831, offering AI agents, Proof-of-Intelligence rewards, and scaling capabilities, raising $7.6 million with 27x ROI potential.
- Unstaked's unique utility and fair distribution attract interest, with no VC funding or private investment advantages, potentially a major early AI-driven token opportunity.
- $1M giveaway adds momentum to Unstaked's growth, drawing thousands daily and becoming a prominent subject in discussions on potential crypto investments.
- Ethereum faces selling pressure after drop, with significant whale exits and resistance wall at $2,800 possibly leading to further downward movement towards $2,200.
- Dogecoin eyes breakout at $0.30 as trading volume surges amid individual and large wallet speculation, yet debates continue on its long-term utility compared to newer projects.
- Unstaked's rise amidst Ethereum and Dogecoin movements showcases investor interest shifting to projects like Unstaked, with real-world AI tools, Proof-of-Intelligence, and no private investor rounds.
- With momentum growing, Unstaked emerges as a noteworthy player in the crypto landscape, attracting investors looking for promising early-stage opportunities.
- For more information and participation in Unstaked, visit their presale, website, or Telegram channel.
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22 Likes
TronWeekly
1w
279
Image Credit: TronWeekly
Coinbase Bitcoin Exodus Suggests Institutional Buying — Next Leg Up Coming?
- Coinbase experienced its third-largest single-day net outflow of 7,883 BTC on May 26, indicating institutional buying activity.
- U.S. spot Bitcoin ETFs heavily rely on Coinbase, suggesting potential ETF-driven institutional transactions linked to the outflows.
- The ongoing high Coinbase Premium Index reflects continued institutional demand for Bitcoin, potentially leading to upward price movement.
- Analysts anticipate that sustained institutional buying and potential ETF inflows may fuel another surge in Bitcoin's price, with retail investors expected to follow suit.
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16 Likes
Coindoo
1w
356
Image Credit: Coindoo
Strategy Slows Bitcoin Buying Despite $427M New Acquisition, Competition Heats Up
- MicroStrategy recently acquired an additional 4,020 BTC for about $427.1 million, funded largely by their $21 billion at-the-market offering.
- The company's weekly capital raised decreased to $348.7 million compared to previous weeks, signaling a slowing rate of investment.
- Strategy's utilization of their at-the-market program has decreased significantly, with average weekly raises falling to $788 million in recent weeks from $2.13 billion per week in the past.
- Despite facing increased competition in the corporate Bitcoin accumulation race, MicroStrategy remains the largest corporate Bitcoin holder globally, playing a crucial role in institutional Bitcoin adoption.
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21 Likes
TronWeekly
1w
351
Image Credit: TronWeekly
IMF Approves $120M Payment to El Salvador with Bitcoin Holdings Restrictions
- The IMF has approved a $120 million payment to El Salvador after meeting key reform and fiscal targets.
- IMF required El Salvador to stop new Bitcoin purchases and exit the Chivo wallet by July to limit state participation in Bitcoin activities.
- El Salvador's Bitcoin holdings reached 6,190 BTC with an unrealized profit of $386 million, despite IMF's directive to halt increasing government-held Bitcoin.
- IMF praised El Salvador's economic reform progress, citing meeting fiscal and reserve targets, advancing structural benchmarks, and ongoing fiscal consolidation measures.
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