Bitcoin
Reporting on Bitcoin markets, mining, sovereign holdings and the growing ecosystem of institutional products.
Bitcoin Holds Near $62,000 as ETF Flows Turn Mixed
Spot Bitcoin funds ended a streak of weekly outflows, yet price action remains resilient near the $62,000 level as traders weigh geopolitical risk.
BlackRock's IBIT Extends Lead as Largest Spot Bitcoin ETF
BlackRock's iShares Bitcoin Trust now holds more BTC than every competing spot product combined, cementing a dominant position less than 18 months from launch.
Bitcoin Hashrate Sets New All-Time High After Halving Reset
Network security has fully recovered from the post-halving dip, with the seven-day average hashrate pushing past previous records set earlier this year.
Michael Saylor's Strategy Adds Another 4,200 BTC to Balance Sheet
The renamed MicroStrategy has continued its accumulation programme, funding new purchases through a mix of equity issuance and convertible notes.
Lightning Network Capacity Quietly Approaches 5,500 BTC
The Bitcoin layer-2 payment protocol has continued to add public capacity, even as attention has shifted to newer scaling projects.
Bhutan Confirms State-Backed Mining Programme Now Holds Thousands of BTC
The Himalayan kingdom has quietly become one of the largest sovereign holders of Bitcoin through its state-owned investment vehicle Druk Holding.
El Salvador Marks Five Years Since Making Bitcoin Legal Tender
President Nayib Bukele has continued daily BTC purchases from the national treasury, even after amending the original legal tender framework under an IMF agreement.
Ordinals Activity Cools as Rune Fatigue Sets In
Fee revenue tied to inscriptions has fallen well below the highs seen shortly after the halving, dragging total miner revenue lower with it.
Ark's Cathie Wood Reiterates Long-Term Bitcoin Price Target
The Ark Invest chief executive again outlined her bull-case scenario for Bitcoin during a research call with institutional clients this week.
Coinbase Custody Assets Grow as ETF Issuers Concentrate Sub-Custody
Coinbase's institutional custody arm continues to service the majority of US spot Bitcoin ETFs, raising familiar questions about counterparty concentration.
Public Miners Report Squeezed Margins in Latest Filings
Second-quarter results from listed Bitcoin miners point to compressed profitability as fee revenue normalised after the halving.
Grayscale Mini Trust Continues to Draw Assets From Higher-Fee GBTC
The lower-fee spin-off has grown steadily as long-term holders rotate away from Grayscale's flagship product.