BTC

Bithumb wins 2 suits over mistaken Bitcoin credits: Report

Bithumb wins 2 suits against users over mistaken Bitcoin credits, recovering funds from an error that saw 620,000 BTC erroneously deposited.

Bitcoin in new bull market, but $83K remains key

Bitcoin has entered the initial phase of a new bull market, with its price surpassing $80,000 following a 24% rally. Analytics firm CryptoQuant reported an increase in its Bull Score to 80, the highest since October 2025, indicating bullish sentiment across key on-chain and demand indicators. A weekly close above the 365-day moving average, currently around $83,000, is deemed necessary to confirm a sustained new bull market. However, CryptoQuant also warned of potential short-term overheating due to rising trader profits, significant whale profit-taking, and increased exchange deposits.

Galaxy Opens Retail Crypto-Backed Credit for Bitcoin, Ethereum, Solana

Galaxy has introduced a new retail crypto-backed credit product, the GalaxyOne Crypto Portfolio Line of Credit (PLOC), for eligible clients in the United States. This revolving credit line allows users to borrow cash against their Bitcoin, Ethereum, and Solana holdings, including staked SOL, without selling their digital assets. The product is available in 40 states. The company stated that the pledged crypto assets are not rehypothecated. The managing director of GalaxyOne noted that the product leverages Galaxy's institutional infrastructure to provide competitive rates, security, and flexibility. This initiative represents a renewed effort in retail crypto-backed credit offerings following significant market events in 2022. The product features a variable annual percentage rate of 8.99% and a 50% loan-to-value ratio, meaning a $100,000 portfolio can back approximately $50,000 in borrowing. Collateral values are continuously monitored, and users receive warnings before any collateral action. Funds are typically disbursed instantly and can be spent on-platform or withdrawn as USD or USDC stablecoins. Staked Solana continues to earn rewards without requiring unstaking. The Galaxy Opens Retail Crypto-Backed Credit offering is provided by GalaxyOne Lending LLC. The product was launched on August 25. The line has no origination fee. Galaxy's pitch is that the line runs on its own regulated platform instead of an external DeFi protocol, and pledged collateral stays put rather than getting rehypothecated. This approach aims to address concerns that arose from the 2022 collapse of lenders like Celsius, BlockFi, and Voyager, which froze customer funds and forced liquidations. The company emphasizes that it is reopening the retail borrow-against-crypto door on regulated rails, filling a gap that the 2022 collapse made hard to fill. California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota are excluded from the states where the product is available.

Galaxy Opens Retail Crypto-Backed Credit for Bitcoin, Ethereum, Solana

Galaxy has introduced a new retail crypto-backed credit product, the GalaxyOne Crypto Portfolio Line of Credit (PLOC), for eligible clients in the United States. This revolving credit line allows users to borrow cash against their Bitcoin, Ethereum, and Solana holdings, including staked SOL, without selling their digital assets. The product is available in 40 states. The company stated that the pledged crypto assets are not rehypothecated. The managing director of GalaxyOne noted that the product leverages Galaxy's institutional infrastructure to provide competitive rates, security, and flexibility. This initiative represents a renewed effort in retail crypto-backed credit offerings following significant market events in 2022. The product features a variable annual percentage rate of 8.99% and a 50% loan-to-value ratio, meaning a $100,000 portfolio can back approximately $50,000 in borrowing. Collateral values are continuously monitored, and users receive warnings before any collateral action. Funds are typically disbursed instantly and can be spent on-platform or withdrawn as USD or USDC stablecoins. Staked Solana continues to earn rewards without requiring unstaking. The Galaxy Opens Retail Crypto-Backed Credit offering is provided by GalaxyOne Lending LLC. The product was launched on August 25. The line has no origination fee. Galaxy's pitch is that the line runs on its own regulated platform instead of an external DeFi protocol, and pledged collateral stays put rather than getting rehypothecated. This approach aims to address concerns that arose from the 2022 collapse of lenders like Celsius, BlockFi, and Voyager, which froze customer funds and forced liquidations. The company emphasizes that it is reopening the retail borrow-against-crypto door on regulated rails, filling a gap that the 2022 collapse made hard to fill. California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota are excluded from the states where the product is available.

Strive Bitcoin holdings grow after share issuance

Strive increased its Bitcoin holdings by 1,110 BTC, reaching a total of 21,356 BTC, through an $81.5 million acquisition. The public asset manager funded this expansion by issuing additional common and preferred shares, as detailed in an SEC filing. This move aligns with a broader corporate trend of expanding digital asset treasuries.

Strategy Bitcoin Treasury Reaches Breakeven as BTC Price Exceeds $77K

Bitcoin (BTC) reached $77,000, bringing business intelligence firm Strategy's corporate treasury back to profitability. The cryptocurrency achieved its highest level since May 26, surpassing $77,400 before the close of the week's Wall Street trading. This surge pushed the price above Strategy's cost basis for its BTC holdings, which stands at $75,385.

US Federal Debt Exceeds $40 Trillion, Fueling Bitcoin Scarcity Debate

The US federal debt has surpassed $40 trillion, reigniting discussions on Bitcoin's role as a scarce asset. The Treasury's increased bond buybacks, aimed at stabilizing yields, have coincided with a rally in Bitcoin, which was trading around $72,600. Analysts offer varied perspectives on the long-term implications for Bitcoin, with some seeing it as a hedge against currency debasement and others emphasizing broader financial conditions as key drivers.

US Federal Debt Exceeds $40 Trillion, Fueling Bitcoin Scarcity Debate

The US federal debt has surpassed $40 trillion, reigniting discussions on Bitcoin's role as a scarce asset. The Treasury's increased bond buybacks, aimed at stabilizing yields, have coincided with a rally in Bitcoin, which was trading around $72,600. Analysts offer varied perspectives on the long-term implications for Bitcoin, with some seeing it as a hedge against currency debasement and others emphasizing broader financial conditions as key drivers.

Crypto Short Liquidations Exceed $3 Billion Amidst Bitcoin Price Rally

Bitcoin and altcoin short positions experienced liquidations exceeding $3 billion over a two-day period, as Bitcoin's price neared $72,000. This event, which included the largest single-day short liquidation on record, saw short-term holders taking significant profits.

Bitcoin Reaches $65,000 Amid Geopolitical Tensions and Rising Bond Yields

Bitcoin reached $65,000 amid geopolitical tensions and rising US bond yields. Analysis indicated a critical juncture for a potential head-and-shoulders bottoming structure, with a projected target of $76,000 if a rebound sustains.

Bitmine Exceeds 5 Million Staked Ether, Projects $257M Annual Revenue

Bitmine Immersion Technologies has surpassed 5 million Ether in staked tokens, generating an estimated $257 million in annualized revenue, which supports operations and share buybacks amidst declining Ether prices. The company remains the largest corporate Ether holder, while Ether staking is viewed as a significant yield-generating treasury asset, albeit with inherent risks.

BTCPay Server Offers Bounty for Stolen Bitcoin Following Exploit

BTCPay Server supporters have offered a bounty for the return of Bitcoin stolen in a recent exploit, amounting to 10% of recovered funds, capped at 3 BTC. The exploit allowed attackers to access connected wallets via LND admin macaroons. BTCPay is prioritizing security patches and code reviews, and will donate 0.21 BTC each to Craig Raw and the Bitcoin Red Team fund for vulnerability disclosure.

BTCPay Server Offers Bounty for Stolen Bitcoin Following Exploit

BTCPay Server supporters have offered a bounty for the return of Bitcoin stolen in a recent exploit, amounting to 10% of recovered funds, capped at 3 BTC. The exploit allowed attackers to access connected wallets via LND admin macaroons. BTCPay is prioritizing security patches and code reviews, and will donate 0.21 BTC each to Craig Raw and the Bitcoin Red Team fund for vulnerability disclosure.

Goldman Sachs Acquires NEOS Investments, Expands Crypto Income ETF Portfolio

Goldman Sachs has acquired NEOS Investments in a deal worth up to $2.25 billion, gaining access to approximately $30 billion in options-based income ETFs, including a substantial Bitcoin covered-call fund.

Crypto Firms Advocate for Bitcoin Developers’ Early Access to Advanced AI Models

A coalition of cryptocurrency firms has urged leading artificial intelligence (AI) laboratories to grant Bitcoin developers early access to their most advanced models to enhance the security of open-source financial infrastructure.

Coldcard Hack: Investigators Face Challenges in Quantifying Bitcoin Losses

The Coldcard hack has led to varying estimates of stolen Bitcoin, with CryptoQuant confirming 1,432 BTC, while Galaxy Research and TRM Labs suggest higher figures based on broader on-chain analysis and victim reports.