Institutions' bitcoin positioning lacks conviction; CPI and Iran talks might help

Aave V4 deposits surpass $10 million, signaling potential breakout for price

After weeks of weak sentiment and price stagnation, fresh capital is now entering the Aave ecosystem. Recent reports say Aave V4 has already crossed $10 million in deposits, an activity that often precedes price expansion rather than following it. Price remains range-bound as pressure builds Despite the improved outlook, AAVE…

Bloomberg Intelligence analyst says stablecoin Tether could overtake both Bitcoin and Ethereum

Bitcoin and Ethereum’s dominance is being challenged in a new outlook from Bloomberg Intelligence strategist Mike McGlone, who says an unexpected contender is positioning itself to overtake both. McGlone points to Tether (USDT), arguing that the stablecoin’s rise is only getting started while the two largest cryptocurrencies may face a…

Lone Bitcoin miner defies 1-in-100,000 odds to bag massive 222,000 block reward

A solo Bitcoin miner operating with minimal computing power defied overwhelming odds early Thursday, successfully solving a block and claiming the entire subsidy along with the transaction fee reward. Block 944,306 solved via solo mining The miner validated block 944,306 using solo.ckpool.org, an anonymous solo mining pool launched in 2014.…

Iran reportedly to charge Strait of Hormuz tolls in cryptocurrency, including Bitcoin, sparking debate over crypto use

Iran is reportedly seeking to charge shipping companies tolls in cryptocurrency, including Bitcoin, for safe passage through the Strait of Hormuz. The Financial Times reported that negotiations are underway, with talks reportedly starting at $1 per barrel. Reported proposal and crypto angle The report sparked discussion in crypto circles, with…

Solo Bitcoin miner nets 3.12 BTC reward valued at about $225,000

A solo Bitcoin miner scored a major victory on Thursday, earning a BTC reward valued at more than $225,000 after solving a Bitcoin block. The block win came just a week after the last reported solo score, highlighting that individual miners can still succeed despite very long odds. How unlikely…

Bitcoin Depot reports a $3.6 million loss after IT system breach exposes wallet credentials

Bitcoin Depot disclosed a cybersecurity incident that resulted in the theft of 50.903 BTC, valued at about $3.665 million. The company said an unauthorized actor gained access to parts of its information technology systems, took control of credentials tied to its digital asset settlement accounts, and transferred bitcoin from company-controlled…

Bitcoin Could Reach $95,000 by 2026 if Key Catalysts Align, Bitwise Execs Say

Bitcoin could climb to $95,000 by the end of 2026, according to executives at Bitwise Asset Management, who described a “quiet but sustained” institutional bull run. Retail-Institutional Divide Widens In an Apr. 8 interview with Milk Road, Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen said…

At around 5:30 PM on May 5, about a day after facing significant criticism over its recruitment campaign, Oatside Vietnam issued an official reply on its Facebook page, which has about 14K followers. The company said it acknowledged discussions surrounding the recent CMO recruitment and admitted that the campaign deployment…