The post Bitcoin Price Stability Supported by Grayscale Analysis appeared on BitcoinEthereumNews.com.
Strategy’s decision to sell 3,588 bitcoin for approximately $216 million — its largest sale since abandoning its once-famous never-sell stance — might have rattled nerves. Instead, the market barely flinched. Grayscale stepped in with an analysis explaining why, and what it could mean for Bitcoin price stability going forward. Key takeaways Strategy sold roughly 3,588 BTC for approximately $216 million, its biggest Bitcoin sale on record. Grayscale’s analysis found the proceeds boosted dollar reserves enough to cover about 17 months of dividend payments. The primary goal: reduce financing risks tied to Bitcoin ownership. Markets responded positively, with $STRC rebounding following the analysis. Bitcoin traded in the low $63,000s after briefly touching $64,400, still up roughly 6% on the week despite thin trading volume. Grayscale’s Strategic Read on a $216 Million Bitcoin Sale When St
The post Binance Earn Adds BTC Yield For Passive Bitcoin Rewards appeared on BitcoinEthereumNews.com.
Binance, the renowned crypto exchange, has unveiled BTC Yield. BTC Yield is a unique product working under Binance Earn to enable likely weekly rewards for long-term $BTC holders. As per Binance’s official press release, the offering delivers an opportunity to make $BTC-denominated earnings without active derivative trading. The initiative aims to transform option premiums into notable returns parallel to maintaining Bitcoin-related exposure via a unique asset, $BTCY. Binance BTC Yield Rewards Long-Term Bitcoin Holders with $BTCY Binance’s launch of BTC Yield focuses on providing long-term Bitcoin ($BTC) holders with unique earning opportunities. Apart from the rollout, the platform has also planned a limited-time promotional campaign. The respective campaign features a reward pool that contains 100,000 $USDC to benefit qualified participants. Consumers subscribe to this product by com
The post Strive CEO: No Liquidation Risk for Its Bitcoin Holdings appeared on BitcoinEthereumNews.com.
Cole stated Strive will not sell its Bitcoin even if the price hits a penny. The company is focusing on maximizing yield through careful capital management. Cole confirmed Strive has almost 20k BTC, reminding that it had only 5k BTC last fall. On July 7, Matt Cole, CEO of Strive, said during an interview that the company’s Bitcoin treasury strategy is designed to withstand even an extraordinarily severe bear market. He specifically stated that Bitcoin can go down to a penny and sit there for 18 months, and the company would do nothing. Cole says Strive will be fine and won’t have to sell a single BTC. In his own words: “There is no price at which we would get liquidated.” Strive, a Nasdaq‑listed firm that holds Bitcoin and does structured finance, holds nearly 20,000 BTC. Its focus is on maximizing yield through careful capital management. Strive’s Debt-Free Strategy Many Bitcoin tre
The post Oil Soars, Bitcoin Plunges as Trump Declares Iran MoU ‘Is Over’ appeared on BitcoinEthereumNews.com.
USOIL just hit a two-week peak after Trump’s latest statement. The de-escalation in the Middle East appears to be threatened severely as US President Donald Trump just said the memorandum of understanding (MoU) with Iran ‘is over.’ Most assets opened for trading now reacted with immediate volatility: oil prices rocketed, while BTC dipped below $62,000. The report from CNN cited Trump, who said he believes the MoU with Iran is over after both parties failed to reach a permanent deal and resumed the airstrikes against each other across the region. Recall that the Islamic Revolutionary Guard Corps said it responded to a wave of US attacks by launching its own against American military targets in Bahrain and Kuwait. It added that its military has targeted an air base in Bahrain hosting US forces. The United States began its assault earlier and reimposed sanctions on Iranian oil s
The post Russia Drops Wallet Reporting From Its Final Crypto Bill: Here’s What the Law Now Says appeared on BitcoinEthereumNews.com.
Key Takeaways Russia’s Duma committee approved the final crypto bill draft, with second and third readings eyed for July 21. The revised text drops mandatory wallet-address reporting; only balances and transaction flows must be declared. The Bank of Russia plans to cap retail purchases near $4,000 a year, limited to BTC, ETH and USDT from 2026. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path for its second reading in the State Duma. The committee, chaired by lawmaker Anatoly Aksakov, signed off on a package of amendments that softens some of the draft’s most contentious surveillance provisions while keeping the state firmly in control of who may buy and sell crypto assets. Image source: X The most notable change removes mandat
The post Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity appeared on BitcoinEthereumNews.com.
A New York lawsuit seeking legal ownership of dormant Bitcoin wallets has narrowed after several listed addresses moved funds. Summary Noah Doe’s legal team dropped 44 wallets after on-chain activity challenged the abandonment claim. The removed wallets held 21,443 BTC when the lawsuit started, according to Galaxy’s Thorn. Related filings and amicus briefs argue dormant self-custody does not prove Bitcoin was abandoned. Galaxy Research head Alex Thorn said the plaintiffs in the “abandoned bitcoin” lawsuit dropped 44 of 39,069 listed defendants. The case was filed by “Noah Doe” and two Wyoming entities seeking title to long-dormant Bitcoin wallets. Thorn said every removed wallet had moved coins on-chain since the case was filed. “Every single one had moved coins onchain since the case was filed,” he wrote in a July 8 thread on X. Meanwhile, the lawsuit asks the New York Supre
The post The Stablecoin Ghost of 2022 Is Back to Haunt the Bitcoin Price appeared on BitcoinEthereumNews.com.
The Bitcoin price keeps stalling, and one overlooked force helps explain it. The stablecoins that fund crypto buying are both shrinking and moving less, the same setup that preceded Bitcoin’s 2022 crash. Data from DeFiLlama and Dune shows the market’s cash pile draining just when buyers are needed most. On its own, that is a headwind. Pushed far enough, it has been a trigger. How a Thinner Cash Pile Slows Bitcoin Stablecoins are the cash of crypto. Traders park dollars in USDT and USDC, then use them to buy Bitcoin and other coins. When that pool grows, more money stands ready to buy. When it shrinks, buying power drains away. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. The record shows the drag. Since 2020, when the stablecoin supply was expanding, the Bitcoin price averaged a +5.2% gain over the next 30 days and +18.9%
