The post Bitcoin’s $70K path now runs through pump prices as Iran shock fades appeared on BitcoinEthereumNews.com.
Bitcoin cleared $60,000 again the week the Bureau of Labor Statistics reported June payrolls grew by just 57,000, unemployment climbed to 4.2%, and labor-force participation slipped to 61.5%. The dollar index dropped 0.56% to 100.83, September Fed-hike odds fell to 54% from 67%, and Bitcoin is trying to breach $64,000 as of June 6. Stephen Coltman, head of macro at 21Shares, watched the same reversal play out across precious metals, the dollar, and Bitcoin in a single session. The caveat is that the move only becomes durable once the Fed admits policy is already tight enough to bring inflation back to 2% without another hike, according to Coltman. That’s a taller order than one soft jobs report, and it’s the bar Bitcoin has to clear before the BLS puts out June’s CPI number on July 14. A six-step flowchart traces Bitcoin’s macro chain into July CPI, from weak jobs and Fed-
The post Traders Sue Polymarket, CEO Coplan Over Strategy Market Decision appeared on BitcoinEthereumNews.com.
Two Polymarket users sued the prediction-market platform, its holding entities and CEO Shayne Coplan in New York state court, alleging the site wrongly resolved a market on whether Strategy would sell Bitcoin. William Wood and Thomas Bush filed the complaint in the Supreme Court of the State of New… Two Polymarket users sued the prediction-market platform, its holding entities and CEO Shayne Coplan in New York state court, alleging the site wrongly resolved a market on whether Strategy would sell Bitcoin. William Wood and Thomas Bush filed the complaint in the Supreme Court of the State of New York, County of New York, on July 3, under index number 158389/2026, according to the filing law firm Burwick Law posted on its X account. The plaintiffs held “Yes” shares in a market asking whether Strategy Inc. (formerly MicroStrategy) would sell any bitcoin by May 31, 2026. The compla
DOJ reviews legal authority for the US Strategic Bitcoin Reserve with federal agencies. Treasury and Commerce continue discussions over oversight of national Bitcoin holdings. Congress considers BITCOIN and ARMA Acts to establish the reserve through legislation. The U.S. Department of Justice is working with the Treasury and Commerce departments to establish a Strategic Bitcoin Reserve […]
The post DOJ Advances US Strategic Bitcoin Reserve With Treasury, Commerce appeared first on Live Bitcoin News.
Two Polymarket users sued the prediction-market platform, its holding entities and CEO Shayne Coplan in New York state court, alleging the site wrongly resolved a market on whether Strategy would sell Bitcoin. William Wood and Thomas Bush filed the complaint in the Supreme Court of the State of New…
The post Galaxy Delivers 133 MW to CoreWeave AI Hub. appeared on BitcoinEthereumNews.com.
Galaxy delivered 133 MW of critical IT load to CoreWeave under a 15-year lease. Helios shifted from Bitcoin mining into a revenue-generating AI data center campus. Phase II adds 260 MW as Galaxy targets over $1B in annual revenue from Helios. Galaxy has completed the first phase of power delivery at its Helios data center campus in West Texas. The milestone provides 133 megawatts of critical IT load to CoreWeave while transforming a former Bitcoin mining facility into a revenue-generating artificial intelligence infrastructure campus. Helios Completes First Phase of AI Infrastructure Galaxy announced the completion of Phase I at its Helios data center campus by delivering 133 megawatts of critical IT load to CoreWeave. The delivery also includes approximately 200 megawatts of gross power under a 15-year lease agreement signed between both companies. The company confirmed that Phase I reached compl
The post Bitcoin Retraces As Oil Tanker Attacks in Strait of Hormuz Escalate U.S.-Iran Tensions appeared on BitcoinEthereumNews.com.
Bitcoin is down today, falling below the psychological $63,000 level after a rally above $64,000 yesterday. The drop below $63,000 today follows attacks on oil tankers in the Strait of Hormuz, a development that further escalates tensions between the U.S. and Iran. Bitcoin Falls Amid Attack On Oil Tankers In Strait of Hormuz In an X post, the UK Military Center revealed an attack on an oil tanker in the Strait of Hormuz, with the tanker sustaining minor structural damage. This marked the second attack on an oil tanker in the Hormuz Strait today. The UK Military earlier reported about an oil tanker that also suffered structural damage. Meanwhile, there have now been attacks on vessels in the Strait in the last 24 hours. Bitcoin has retraced amid this development that again escalates tensions between the U.S. and Iran, with Qatar accusing Iran of being resp
APO lets a Bitcoin signature authorize any compatible UTXO rather than one fixed outpoint. It allows for rebindable pre-signed transactions for Lightning, vaults, and layer-2 protocols without new key management overhead.
The post Binance Launches BTC Yield to Provide Bitcoin Holders With Weekly Rewards appeared on BitcoinEthereumNews.com.
Key highlights: Binance has launched a product offering Bitcoin holders a weekly yield However, Binance warned that investors can suffer large losses as principal is not protected Bitcoin yield products are surging in popularity with several service providers racing to launch their own versions The Binance crypto exchange has unveiled BTC Yield, a new product that allows long-term Bitcoin holders to generate potential weekly BTC income through an options-based strategy. The launch expands Binance’s growing suite of yield products as exchanges jostle to attract investors seeking passive income without actively trading cryptocurrencies. Covered call strategy powers BTC Yield According to the announcement, users subscribe to BTC Yield by depositing BTC, which is exchanged for BTCY, an asset representing their participation. Binance holds the deposited bitcoins as collate
