Cryptocurrency markets, protocols, and on-chain analysis.
Bitcoin's supply in loss metric has passed 50% for 42 days, historically signaling a countdown to a bear-market bottom, according to K33 Research.
Why it matters
This story matters to crypto investors as it highlights key on-chain metrics that have historically predicted Bitcoin bear-market bottoms, offering insights into potential market turning points and future price movements.
Benjamin Paul Wiener, 43, is accused by the US Department of Justice of defrauding dozens of victims across South Dakota, Minnesota, and surrounding regions. Prosecutors allege he made false promises to secure investments, used new investor funds to repay earlier ones in a Ponzi-like fashion, and laundered proceeds through crypto exchanges.
US-listed spot Bitcoin ETFs have seen a significant resurgence in investor interest, attracting $368 million in net inflows over three days, including $79.2 million on Thursday. This positive trend marks a potential reversal after two months of substantial outflows and has helped Bitcoin's price attempt a recovery, briefly touching $65,000.
Leonidas, an Ordinals advocate, has proposed a new Bitcoin client called Bitcoin $DOG Mode, which aims to remove restrictions affecting Runes and Ordinals transactions. The client would increase the maximum transaction size and lower the dust limit, making it easier to send Ordinals inscriptions and Runes.
Bybit has launched a locally operated platform in Indonesia after acquiring NOBI, a digital asset firm. The platform will be led by Lawrence Samantha and will introduce 500 cryptocurrency trading pairs in phases.
Updated as new stories ingest
Bitcoin fell below $63,000 as a broad risk-off wave, driven by AI stock fatigue and rising Middle East tensions, impacted crypto and tech stocks. Gold rose as a safe haven, though a technical indicator suggests crypto may be nearing oversold conditions.
Airbnb CEO Brian Chesky's X account was hacked, and the attacker posted about tokenized real-world assets. Chesky regained control of his account and told new crypto followers he would be a 'disappointing follow'.
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