Swan Bitcoin faces $970M lawsuit over Prime Trust collapse

On May 19, bitcoin rebounded from a low of $76,000 to trade above $77,000 ($77,200 by 3:50 AM EST). However, Bitfinex analysts warn that the drop below $78,000 exposes deep market fragilities. Geopolitical Relief Bitcoin climbed back above $77,000 on the morning of May 19, rebounding from a late‑Monday dip to $76,000. The recovery remained […]

A jury’s rejection of Elon Musk’s $150 billion lawsuit against OpenAI was a major hurdle crossed. But the maker of ChatGPT faces a list of other problems.

Goldman Sachs Dumps XRP and SOL ETFs: What It Means The post Bitcoin ETF News: Nearly $1Bn in Outflows Over Past 24-Hours appeared first on 99Bitcoins.

A federal jury has thrown out every claim in Elon Musk’s lawsuit against OpenAI and Sam Altman, finding the case to have been filed past its legal deadline. Verdict Reached, But Battle Not Over A federal jury in Oakland, California sided with OpenAI on May 18, unanimously dismissing all claims in Elon Musk’s lawsuit against […]

Bitcoin (BTC) has slid sharply over the past week, retracing nearly 7% and wiping out the upside that built after last week’s Senate Banking Committee markup of the CLARITY Act. That legislative momentum helped push BTC above the $82,000 area, but the coin is now changing hands around $76,700. The Bitcoin Pullback Glassnode’s latest read on the situation points to a clear deterioration in short-term market behavior. The firm says the Bitcoin selling pressure has intensified, with Spot CVD falling by 848.7%.  At the same time, spot volume is up about 4.2%, suggesting that more coins are moving through the market. Glassnode interprets this as rising activity that may not necessarily reflect a bullish mindset, but rather traders responding more aggressively to price volatility and hedging or repositioning.  Related Reading: Goldman Sachs Rebalances Crypto Exposure: XRP, SOL Out, ETH Down 70%, Hyperliquid In Futures Open Interest also dropped 2.9%, which usually signals that traders are no

French bitcoin treasury firm Capital B has acquired 192 BTC after completing a series of capital raises totaling roughly $20 million (€17 million). The company now holds more than 3,100 bitcoin as it deepens its treasury-focused strategy. Adam Back Joins Capital B Funding Round as Company Accelerates BTC Strategy Capital B, the French company formerly […]

Michael Saylor’s firm Strategy just completed of its largest Bitcoin buys ever, acquiring 24,869 BTC for approximately $2.01 billion. The company now owns 843,738 BTC acquired for $63.87 billion at a price of $75,700 per Bitcoin. The recent acquisition, priced at an average of $80,985 per Bitcoin, was Strategy’s sixth-largest on a BTC basis and 8th-largest […] The post Michael Saylor’s Strategy Buys $2,010,000 Worth of Bitcoin in One of the Firm’s Largest Acquisitions Ever appeared first on The Daily Hodl.

Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought? Bitcoin 21W EMA Retest To Be Decisive After closing the week at around $77,450, Bitcoin started the new week falling to a new local low of $76,050. The cryptocurrency had been trading between $76,300 and $82,500 throughout its May rally, failing to break out of the crucial resistance despite multiple attempts. In a Monday analysis, market observer Rekt Capital noted that Sunday’s drop saw BTC close below the key 21-Week Exponential Moving Average (EMA), around the $78,000 area, after successfully retesting this level as support for multiple consecutive weeks. The analyst explained that this performance “shows how lackluster the buy-side strength ha